African Development Bank - Africa Publicity

A Day Of Joy’: African Development Bank Group Celebrates 60th Anniversary As Its Capital Increase From $250 million to $318 billion

africapublicitySeptember 11, 2024September 11, 202403 mins

Akinwumi Adesina (left) delivering a speech during the 60th anniversary celebration The African Development Bank (AfDB) Group has celebrated the 60th anniversary of its creation. AfDB is Africa’s premier multilateral development institution. It currently has over 2000 employees spread across Africa. The Bank has funded an estimated 6,575 projects on the African continent since it…

Korea Pledges $24 Billion To African Countries at Inaugural Leaders’ Summit

africapublicityJune 5, 2024June 5, 2024011 mins

African leaders and Korea President Yoon Suk Yeol in a group photo after the opening ceremony of the Korea-Africa Summit in Seoul on Tuesday, June 4, 2024 Source: Africa Publicity South Korea has pledged billions of dollars at the inaugural Korea-Africa Summit which took off on Tuesday, June 4, 2024. The Asian nation says it…

Ghana, AfDB signs $103 million Grant Facility

africapublicityMay 30, 202406 mins

Ghana and the African Development Bank have signed the Indicative Operations Programmes outlining the projects to be implemented between 2024 and 2025. The propose projects encompass support to Small and Medium Enterprises, Agriculture, Skills Development, including digitalization for a total grant amount of US$103 million grant. They also signed a five year country…

Kenya to inject $100m in AfDB, two other African multilateral lenders

africapublicityMay 29, 202406 mins

President William Ruto makes his speech during the official opening of the 59th Annual Meetings of the African Development Bank Group and the African Development Fund at the Kenyatta International Convention Centre in Nairobi on May 29, 2024 Kenya will increase its shareholding in three key African financial institutions, including the African Development Bank…

AfDB Set To Boost Its Financing Capacity By More Than $70 Billion As It Launches 10-Year Strategy

africapublicityMay 29, 2024May 29, 202403 mins

President of the AfDB Group, Akinwumi Adesina (2nd left) and Kenyan President, WilliamRuto (2nd right) as well as the AU Commission Chairperson (left) launching the 10-Year Strategy in Nairobi, Kenya on Wednesday, May 29, 2024 Source: Africa Publicity The African Development Bank (AfDB) has launched a 10-Year Strategy which is considered a blueprint for…