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The Latest Breaking News from AfDB

Mauritania’s Sidi Ould Tah elected new president of African Development Bank

The election of Sidi Ould Tah as president of the African Development Bank marks a new chapter for the institution amid high hopes for Africa’s prosperity.

Radio France Internationale

Sidi Ould Tah named African Development Bank president

Mauritanian economist who led Arab Bank for Economic Development in Africa will succeed Akinwunmi Adesina

The Guardian - UK

Sidi Ould Tah: Africa's New 'Super Banker'

Sidi Ould Tah is the first Mauritanian to become president of the African Development Bank (AfDB) and will need all his international experience to tackle the challenges facing the institution.

International Business Times

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‘I don’t want freebies’: outgoing AfDB head on why investment, not aid, will shape Africa’s future

After a decade helming the African Development Bank, Akinwumi Adesina hands over to his successor this week. He explains his optimism despite the continent’s challenges

The Guardian - UK

Africa Elects Its Next 'Super Banker'

The race to become Africa's next "super banker" ends on Thursday, with five candidates, including one woman, vying to succeed Nigeria's Akinwumi Adesina as head of the African Development Bank in a contest that appears too close to call.

International Business Times

African Development Bank Chief Warns Of Tariff 'Shock Wave'

An onslaught of tariffs by the United States will send "shock waves" through African economies, the president of the African Development Bank said on Friday, warning of reduced trade and higher debt-servicing costs.

International Business Times

Africa sees gender equality progress, but continent ‘still only halfway there'

As the world marks International Women's Day, RFI looks at the situation in Africa. Women on the continent are closer to equality today than they were four years ago, according to the latest report by the UN and the African Development Bank, but the continent is still only halfway to…

Radio France Internationale

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African nations set to light up the homes of 300 million people by 2030

Several African nations have committed to open up their electricity sectors to attract investors and light up the homes of 300 million people currently lacking power over the next six years. "Mission 300" is driving the agenda at a two-day energy summit in Tanzania.

Radio France Internationale

‘Smarter money’ is the key that will unlock the promise of Africa and the Caribbean

Regions’ vast potential is being blocked by the need for better investments, key partnerships and reforms to global finance

The Guardian - UK

African campaigners demand reform of 'unjust' global financial system

Africa is being crippled by costly loans and unfair interest rates, campaigners in Nairobi warned at a key summit this week as they demanded a rebalance of global financing.

Radio France Internationale

Africa Economic Growth Not Enough To Tackle Poverty: AfDB

Africa's economy has shown resilience overall despite global conditions but growth needs to be in double digits to truly tackle poverty on the continent, the African Development Bank (AfDB) said on Thursday.

International Business Times

IMF Approves Use Of Reserve Assets For 'Hybrid' Financial Instruments

The IMF said Wednesday that its board had voted to allow member states' IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets further.

International Business Times

Africa's Economic Growth Drops to 3.2% in 2023: African Development Bank

Africa's economic growth rate declined to 3.2% in 2023 due to COVID-19 and internal challenges. The AfDB urges governments to address these issues and impl...

Top News

Africa’s ‘optimist-in-chief’ on the continent’s renaissance: ‘Don’t just believe me, believe the data’

In an exclusive interview, Akinwumi Adesina, head of the African Development Bank, says the outlook is good for a continent with the workers of the future and the best investment opportunities

The Guardian - UK

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Al Jazeera

African leaders seek global taxes for climate change at Nairobi summit

The Nairobi Declaration represents a united front for Africa before negotiations for more funding at COP28.

Radio France Internationale

Zimbabwe debt clearance tied to farmers' compensation and credible polls

The African Development Bank has moved to fast-track Zimbabwe’s $3.5 billion compensation to white farmers whose land was seized under former president Robert Mugabe’s reforms. The bank is leading efforts to clear Zimbabwe’s crippling debts.

Asharq Al-Awsat

Egypt to Host AfDB Meetings Next May

Egypt’s preparation are underway for the annual meetings of the African Development Bank (AfDB) in Sharm El-Sheikh next May. Egypt's President Abdel-Fattah El-Sisi affirmed on Tuesday his country’s keenness on maintaining African interests in all forms and at all levels. Sisi met with the African Development Bank Chairman Akinwumi Adesina…

Reuters

Africa must end food, pharma import dependence, AfDB president says

Africa must wean itself off dependence on food and medicine imports, the president of the African Development Bank (AfDB) said, as the institution approved creation of a pharmaceutical tech foundation and began processing requests for food relief.

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Al Jazeera

NRC: World’s 10 ‘most neglected’ refugee crises all in Africa

In DR Congo, the most-neglected country on list for 2nd year running, a third of the population went hungry last year.

Al Jazeera

AfDB president: Ukraine war could trigger a food crisis in Africa

Akinwumi Adesina believes the Russia-Ukraine war will have a ripple effect on food security and energy supply.

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