Tag: AfDB
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How we spent our Christmas, New Year in pain, grief – Wives of missing engineers
Wives of engineers missing in Ebonyi
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Nigeria’s poverty situation unacceptable- AfDB President, Adesina
The President of the African Development Bank, Dr. Akinwumi Adesina has averred that Nigerians deserve wealth, rather than poverty. He noted that all the lavish wealth of natural resources, Nigeria’s poverty situation is unacceptable. Noting that “there are way too many poor people in Nigeria,” he warned that . He said that 38.5 percent of…
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Africa should be be producing, not begging for Covid-19 vaccine, says AFDB’s Adesina
African Development Bank Group President Dr Akinwumi A. Adesina has again urged regional leaders to focus on vaccine production and access for the African continent as the Covid-19 epidemic continues to take lives and hurt economies and livelihoods. Adesina addressed leaders of the Economic Community of West African States (ECOWAS) at a special summit held…
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BREAKING: Buhari approves appointment of Executive Director for Nigeria at AfDB
President Muhammadu Buhari has approved the appointment of Dr. Oyebode Oyetunde as Executive Director for Nigeria at the African Development Bank (AfDB) in Abidjan, Cote D’Ivoire. Before the appointment, Dr Oyetunde was Senior Special Assistant to the President on Finance and Fiscal Policy as well as Legal Matters in the Office of the Chief of…
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Buhari reacts to Adesina’s reelection as AfDB president
President Muhammadu Buhari has felicitated with President of African Development Bank (AfDB), Dr Akinwumi Adesina, on his re-election for a second term in office. News of the victory came during the Council of State meeting, which was attended by former heads of state, Senate President, governors, some Ministers, and senior government officials. As Secretary to…
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What Adesina told AfDB Group Board of Governors before re-election
Against all odds, Akinwumi Adesina was on Thursday re-elected as the President of the African Development Bank president (AfDB) for another term of five years. Adesina re-election was affirmed on the second day of the 55th Annual Meetings and the 46th meetings of the Board of Governors of the African Development Fund. TheNewsGuru.com (TNG) reports…
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Independent Review Panel clears Adesina of all corruption allegations
An Independent Review Panel has completely absolved the President of the African Development Bank (AfDB), Akinwumi Adesina, of all corruption allegations. TheNewsGuru recalls that the Independent Review Panel was set up by the Bureau of Governors of the Bank, following a complaint by the United States, to review the process by which two previous…
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Africa will rebound from COVID-19 slump in 2021 – AfDB
Africa is expected to partially rebound next year from a pandemic-induced economic slump, but it could lose about $250b in economic output in 2020 and 2021, the African Development Bank (AfDB) said on Tuesday. Africa has so far largely been spared the rampant infections and heavy death tolls seen in Europe and the United States.…
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Adesina’s AfDB ranked 4th in transparency among global development institutions
The African Development Bank(AfDB) has been ranked fourth out of 47 global development institutions on Publish What You Fund Aid Transparency Index. The index places the Bank in the highest category of transparency along with other world class institutions such as the World Bank, the Asian Development Bank and UNDP. “We congratulate the African Development…
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S&P Affirms AAA/A-1+ Ratings on AfDB, Adesina reacts
Standard & Poor’s (S&P) Global Ratings has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit ratings on the African Development Bank (AfDB). The rating agency in its latest rating positively assessed the bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and…