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African Development Bank

AfDB Appoints Dr Babatunde Samson Omotosho As Director Of Statistics Department

THE African Development Bank (www.AfDB.org) has appointed Dr Babatunde Samson Omotosho, an economist and statistician, as Director of the Statistics Department, effective June 16, 2024. Dr Omotosho, a Nigerian national, has more than 21 years experience in developing data strategies…

African Development Bank Appoints Dr. Eric Kehinde Ogunleye As Director Of African Development Institute

THE African Development Bank (www.AfDB.org) has appointed Dr. Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute (apo-opa.co/4cjzZUN), effective June 1, 2024. Ogunleye, a Nigerian national, has nearly 20 years of experience in macro and development economics,…

Adesina Highlights Africa’s Vast Economic Potential At Chatham House

IN a packed auditorium at Chatham House, African Development Bank President Dr Akinwumi Adesina delivered an inspiring address to a diverse audience of diplomats, investors, academics, politicians, and media, emphasising Africa’s untapped potential and abundant opportunities. During his presentation on…

African Development Bank Appoints Chioma Onukogu As Director Of Board Affairs And Proceedings

THE African Development Bank (www.AfDB.org) has appointed Chioma Angela Onukogu as the Director of Board Affairs and Proceedings in the Office of the Secretary General and the General Secretariat, effective 16th April 2024. Onukogu, a Nigerian national, brings over 25…

AfDB And Intel Partner To Transform Africa’s Digital Ecosystem

THE African Development Bank (AfDB) and technology giant Intel have formalised their cooperation to revolutionise the African digital ecosystem. This partnership aims to equip 3 million Africans and 30,000 government officials with artificial intelligence (AI) skills. The agreement was sealed…

Adesina Calls For Africa’s Stronger Role In Global Finance

AFRICAN Development Bank (AfDB) President Dr Akinwumi Adesina emphasised the necessity for Africa to have a stronger presence in global financial discussions during the AfDB Annual Meetings in Nairobi. Addressing over 150 journalists, Adesina highlighted the shifting importance of the…

AfDB Approves Increased Capital Of $117bn To Support Nigeria, Others

THE Board of Governors of the African Development Bank (AfDB) Group, has approved a capital increase of 117 billion dollars to further support Nigeria and other countries on the continent. The AfDB President, Dr Akinwumi Adesina, said this at the…

AfDB Annual Meetings Open In Nairobi

THE city of Nairobi is bustling as it plays host to the prestigious Annual Meetings of the African Development Bank (AfDB) Group. The News Agency of Nigeria (NAN) reports that the event marks the 59th Annual Assembly of the AfDB…

AfDB’s €209.17 Kenyan Highway Project To Be Completed In December

THE African Development Bank (AfDB), says its 209.17 Euro Kenol—Sagana—Marua Highway Project in Kenya will be completed in December. Mr Richard Malinga, AfDB’s Transport Engineer and Desk Manager of the project said this when he briefed newsmen in Nairobi on…

AfDB Announces $1.44bn Investment In Nigeria

THE African Development Bank, AfDB has announced an investment of $1.44 billion to facilitate the development of energy, power, transport, water, and sanitation infrastructure in Nigeria. The financial institution’s President, Akinwunmi Adeshina, disclosed this in a recent statement at the…