Tag: African Development Bank

Ghana will host the African Development Bank’s next Annual Meetings in May 2021, it was announced Thursday, at the end of the Group’s 2020 meetings. The 2021 meetings will take place in the country’s capital city, Accra. Côte d’Ivoire Planning Minister Niale Kaba, handed over the baton to Ghana, announcing that the Board of Governors would be chaired by Kenneth… Read More

The African Development Bank Group on Thursday climaxed its 2020 Annual Meetings with a decisive reelection of President Akinwumi Adesina for a second five-year term as the pan-African development body gears up to support the continent’s COVID-19 recovery efforts. “It shows your demonstrated weight of support for my vision. It shows a very clear extra mandate from all shareholders to… Read More

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

The 55th Annual Meetings of the African Development Bank and the 46th meetings of the Board of Governors of the African Development Fund (ADF) began in Abidjan, Côte d’Ivoire, on Wednesday, 26 August 2020. In his opening speech, the President of Côte d’Ivoire, Alassane Ouattara, highlighted the unusual context of this year’s Annual Meetings, taking place against the backdrop of… Read More