Africa

On the sidelines of the 47th Islamic Development Bank Group Annual Meeting in Sharm ElSheikh Egypt Afreximbank and ITFC Sign US$250 Million Murabaha Financing Agreement to Support African Response to Economic Challenges Posed by the Ongoing Geopolitical Turmoil Cairo, 04 June 2022 – African Export-Import Bank (Afreximbank) today announced agreed mandate to …

The President, African Development Bank Group, Dr. Akinwumi Adesina, has said that the Bank would continue to make Africa proud by supporting the implementation of impactful and life-transforming projects across the continent. Adesina disclosed this via a tweet, through his verified tweeter handle @akin_adesina. Adesina said, “This day in 2015, …

The African Export-Import Bank (Afreximbank) has renewed its technical and financial support to the Coalition for Dialogue on Africa (CoDA). After two years of successful collaboration, the two institutions have embarked on a new three-year partnership. Afreximbank is one of the four ex-officio board members and partner of CoDA. The Bank has …

Adesina said this at a meeting with journalists ahead of the bank’s 2022 annual meetings in Accra, Ghana. He said the bank was ready with plans to avert any looming food crisis, adding that, contrary to reports, the continent will not experience a crisis. According to him, the bank had developed …

The International Monetary Fund has said that with the size of Nigeria’s economy, the country has the capacity to repay it’s debt. The Fund, which described Nigeria as a trustworthy ally adviced the federal government to always put in place fiscal buffers during the time of surplus that it could …

The African Development Bank on Friday approved a $1.5bn emergency food production facility for 20 million farmers on the continent. The approval of the amount is aimed at averting a looming food crisis brought on by Russia’s invasion of Ukraine, a statement from the bank said. With the disruption of …

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has turned down the request to vie for Nigeria’s presidency. Adesina cited his responsibilities at AfDB as reason for the rejection. Some groups had obtained N100 million Expression of Interest and Nomination forms of the All Progressives Congress (APC) …

 African Export-Import Bank (Afreximbank) has announced the appointment of Ms. Marlene Ngoyi as the Chief Executive Officer of the Fund for Export-Development in Africa (FEDA), the Bank’s development-oriented subsidiary. Mr. Emmanuel Assiak has been appointed Chief Investment Officer. Ms. Ngoyi, who hails from the Democratic Republic of Congo (DRC), has over …

Former President Dr. Goodluck Jonathan has urged African leaders to prioritise the rule of law, rebuilding of public trust and strengthening of governance institutions as a means of deepening the roots of democracy and discouraging military coups in the sub-region. Dr. Jonathan also encouraged the leaders to endeavour to promote …

The President of the African Development Bank, Dr Akiwumi Adesina, has revealed that the bank has developed a $1.5bn Africa Emergency Food Plan, which is now before its Board for approval. This, he said, is meant to cushion the effect of the Russia-Ukraine Conflict on Africa’s food security. According to …