Premier lender African Development Bank (AfDB) on Wednesday announced that it was pulling out international staff from Ethiopia, after a “serious diplomatic incident” in which its employees were attacked by security officers. The Abidjan-headquartered lender said that existing Ethiopian staff … Continued
Antony Sguazzin The African Development Bank, the continent’s biggest multilateral lender, said it’s withdrawing its international staff from Ethiopia immediately after two of its employees were arrested, detained and assaulted in the country on Oct. 31. The two staff members … Continued
ADDIS ABABA (Reuters) -The African Development Bank (AfDB) said on Thursday it has lodged a formal complaint with the Ethiopian authorities after two of its staff members were arrested, assaulted and detained by the country’s security forces. Calling it a … Continued
The United Kingdom and the European Union cleared arrears on loans amounting to $122.55 million that Somalia owed the African Development Bank (AfDB), the institution said on Tuesday. The AfDB said the clearance now marked the end of sanctions and … Continued
The African Development Bank (AfDB) launched an initiative officially on Monday to bridge the 42-billion-U.S.-dollar financing gap facing women entrepreneurs in Africa. The initiative, dubbed Affirmative Finance Action for Women in Africa (AFAWA), was jointly launched by the AfDB and … Continued
A joint initiative of the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) will boost agriculture value chains and enhance drought resilience in Nigeria, Somalia and Uganda. The initiative is part of a broad coalition to boost collaboration … Continued
The African Development Bank Group (AfDB) has approved a framework document for the establishment of the AfDB Multi-Partner Somalia Infrastructure Fund. The political and economic situation in Somalia in the last two decades has severely affected all sectors in the … Continued
Sian Crampsie The African Development Bank (AfDB) has approved a $104 million loan to help Ethiopia improve its power system. Ethiopia has set a target of an electrification rate of 90 per cent by 2020 to meet growing industrial, commercial … Continued
By Pierre Donadieu and Aurelia End EIGHT candidates are vying to become the next head of the strategic African Development Bank as the continent is undergoing an economic transformation in an anticipated vote that will pit some of the region’s … Continued
By Yonas Abiye The Government of Ethiopia is going to launch a campaign to win votes for Sufian Ahmed, who is one of the candidates for the presidency of the African Development Bank (AfDB), the continental policy lending institution. The … Continued
By Rene Vollgraaff Three African finance ministers are among eight candidates in the running to replace Donald Kaberuka as president of the African Development Bank. Ethiopia’s Sufian Ahmed, Chad’s Kordje Bedoumra and Cristina Duarte from Cape Verde have been nominated … Continued
The East African economy is projected to grow by 5.1 percent this year with Kenya, Rwanda and Tanzania leading the region’s economic momentum. A report by audit, tax and consulting firm RSM (Eastern Africa) Consulting Ltd, dubbed “The East African … Continued
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