The African Development Bank (AfDB), through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF), has greenlit a $999,000 grant to bolster an initiative fostering environmentally friendly employment opportunities….
The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group urging countries in Africa to stop borrowing loans backed by their natural resources. The….
The African Development Bank Group and the ECOWAS Bank for Investment and Development (EBID) have signed an agreement for a dual currency line of credit, comprising $50 million and €50….
Ghana’s fiscal deficit to Gross Domestic Product (GDP) of 9.0% was the highest in West Africa in 2022, the African Development Bank West African Economic Outlook 2023 Report has revealed…..
Fitch Ratings has affirmed African Development Bank (AfDB)’s Long-Term Issuer Default Rating (IDR) at ‘AAA’ with a Stable Outlook. According to the rating agency, AfDB’s ‘AAA’ rating is driven by….
The Board of Directors of the African Development Bank has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction….
Officials of the African Development Bank (AfDB) Group have arrived in Ghana on Monday, May 8. The delegation was led by the Vice President of AfDB, responsible for the Regional….
Effective regulations can help utilities to successfully navigate the current economic turbulence and energy transition process, says Wale Shonibare, Director for Energy Financial Solutions, Policy and Regulation at the African….
African economies remain resilient with a stable outlook in 2023-2024 despite the tightening global financial conditions, the African Development Bank has projected in a new report. The report, Africa’s Macroeconomic….
The African Development Bank (AfDB) has released its latest economic report, which shows that Ghana’s GDP growth for 2022 was 3.6%, 1.8 percentage points below what was secured in 2021….
