Moody’s Investors Service (“Moody’s”) has affirmed the African Development Bank‘s Aaa long-term issuer and senior unsecured ratings. The outlook remains stable. In a rating action note dated...
The President of the African Development Bank (AFDB), Akinwumi Adesina faulted the lack of reliable power supply in Nigeria as a hindrance to industrial growth in...
The African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for...
The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, has received the Leadership Person of the Year award from the Leadership Newspaper Group...
The African Development Bank Group, on 17 August 2021, announces the 18-month debarment of Sargittarius Nigeria Limited and its affiliates, including Sargittarius Henan Water Conservancy Engineering...
The African Development Bank has reached financial close on financing agreements for a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19...
The African Development Bank Group and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between...
Global credit rating agency Fitch Ratings has affirmed the African Development Bank’s credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the...
The Board of Directors of the African Development Bank Group has approved a loan of $4.25 million to the Lesotho Revenue Authority to provide digital tax services,...
The Board of Directors of the African Development Bank Group has approved a €39 million loan package for the construction of the Kinguélé Aval hydroelectric project...