FINAL COMMUNIQUE OF THE FIFTY-FIFTH ANNUAL MEETING OF THE BOARD OF GOVERNORS OF THE AFRICAN DEVELOPMENT BANK (ADB) AND THE FORTY-SIXTH ANNUAL MEETING OF THE BOARD OF GOVERNORS OF THE AFRICAN DEVELOPMENT FUND (ADF)HELD VIRTUALLY ON 26th – 27th AUGUST 2020 WE, the Governors, representing Member Countries of the African Development Bank and State Participants of the African Development Fund… Read More

Dr. Akinwumi A. Adesina has been re-elected to serve a second five-year term as President of the African Development Bank Group on Thursday, August 27, 2020 by the Board of Governors of the Bank. A globally renowned development economist and a World Food Prize Laureate and Sunhak Peace Prize Laureate, Dr. Adesina has distinguished himself in driving a bold agenda… Read More

On the first day of the African Development Bank’s 2020 Annual Meetings, President Akinwumi Adesina on Wednesday 26 August 2020, outlined the Bank’s successes and challenges. During a virtual dialogue with the Governors of the Bank’s 81 member countries, Adesina highlighted the Bank’s efforts to ensure that African countries were cushioned against the worst of the COVID-19 pandemic. In April,… Read More

Newly reelected African Development Bank President Akinwumi Adesina voiced great optimism about Africa’s future as the institution closed its 55th Annual meetings. The Bank’s Board of Governors today unanimously voted for a second five-year term for Adesina, giving him a mandate to renew a focus on the institution’s priorities, including closer continental integration, boosting renewable energy sources and developing infrastructure.… Read More

The opening day of the African Development Bank’s 2020 55th Annual meeting showcased the strong relationship between Africa’s pre-eminent financial institution and its host country, Côte d’Ivoire. The meeting, held virtually for the first time to comply with COVID-19 pandemic social-distancing guidelines, caps a productive but ultimately challenging year for the institution and the countries it serves.    “This is an… Read More

A five-year project to rehabilitate the Mzuzu-Nkhata Bay road with African Development Bank financing has made the road one of Malawi’s safest, according to the project’s completion report. The project, began in 2013, wrapped up in 2018.  The road was formerly very narrow and poorly maintained, and it required an hour and a half to travel the 50 kilometres between… Read More

African Development Bank President Akinwumi Adesina on Wednesday made a case for his re-election as head of the institution, saying that he wanted to fulfil “his sense of duty and commitment.” Adesina recalled that his current five-year term as head of the African Development Bank Group was marked by the implementation of five strategic priorities for the continent’s development, known… Read More