Several African countries including Nigeria have partnered to create a continental credit rating agency to counterbalance Western credit rating agencies’ bias against Africa.   

The AfriCircular Innovators Programme, backed by the African Development Bank (AfDB), has selected 30 Small and Medium Enterprises (SMEs) to receive funding and technical support to expand their circular economy initiatives. 

Akin Adesina, the chairman of the African Development Bank (AfDB) is demanding better loan terms, faster debt restructurings, and a $25 billion infusion into the Africa Development Fund to prevent Africa from experiencing a lost decade. 

AfDB To Invest $3bn In Africa’s Pharmaceutical Industry         The African Development Bank (AfDB) has said it would invest 3 billion dollars to build Africa’s pharmaceutical industry in the next 10 years. President of the AfDB, Dr Akinwumi Adesina, said this at a virtual Finance in Common...

Africa’s Climate Change Impact Rises To $50bn Annually       The African Development Bank (AfDB) has said the impact of climate change on the continent could rise to $50 billion each year by 2040, with a further three per cent decline each year in gross domestic product...

Africa’s Economy To Decline By 3.4% – AfDB       The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has said Africa’s economy will decline by 3.4 percent this year. Adesina said this in his remarks after he was conferred with the fellow of the Chartered...