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The Latest Breaking News from the African Development Bank

Why Africa needs a green bank to fund climate action and build its own renewable technology

Climate change is a profound challenge to the livelihoods of many people in African countries who have contributed so little to its cause. More frequent extreme weather events (floods, heatwaves and droughts) are making hunger, insecurity and displacement much worse. The continent holds an estimated 30% of the minerals that…

The Conversation

Factory farming in Africa: development banks see it as a good idea, but it’s bad for the climate

In sub-Saharan Africa, pastoral livestock farming – where cattle, goats and sheep roam freely across grasslands, grazing at will – has been the main form of livestock production. It has been a source of livelihoods for centuries, if not millennia.

The Conversation

Development banks ‘still funding industrial livestock despite climate promises’

Three development banks, including the World Bank, have collectively invested $1 billion in 55 highly-polluting livestock projects between 2018 and 2024, new research claims

The Independent UK

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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

African Development Bank elects top economist as president to face funding challenges

The African Development Bank Group has elected Mauritanian economist Sidi Ould Tah as its ninth president

The Independent 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

‘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

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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

IMF isn’t doing enough to support Africa: billions could be made available through special drawing rights

At the 2021 UN Climate Summit, Barbados prime minister Mia Mottley called for more and better use of special drawing rights (SDRs), the International Monetary Fund’s reserve asset.

The Conversation

Malawi Receives .2M Insurance Payout For Drought Relief

Malawi receives .2 million insurance payout for El Nino-linked drought relief, aiding vulnerable populations in the region.

Top News

African Development Bank Calls For End To Resource-Backed Loans

African Development Bank's push to end natural resource-backed loans due to exploitation concerns and promote sustainable financing for infrastructure proj...

International Business Times

'Resilient' Africa Set For Growth Rebound: ADB

Africa saw the pace of economic growth sag last year as inflation continued to rise but is set to rebound this year, the African Development Bank said Friday.

The Guardian - UK

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

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Bangkok Post

Financial systems failing Africa

The United Nations Secretary-General, António Guterres, recently sounded an ominous alarm bell. The Sustainable Development Goals (SDG), which aim to significantly reduce poverty around the world and create a better quality of life for all, are off track, he warned.

France 24

Uganda's charcoal crackdown

In Kenya, some industrial fishing techniques are banned in a bid to counteract damage suffered by coastal communities that have seen their fish stocks plummet. Also, as Africa continues to wrangle with the dilemma of how to keep economic growth on track whilst tackling the climate emergency, we hear from…

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…

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