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AfDB Approves $288.5m For Nigeria to Tackle COVID-19

(AFRICAN EXAMINER) – The Board of Directors of the African Development Bank has approved 288.5 million dollars loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The bank’s Communications and External Relations Department made this known in a statement on Saturday. It explained that the loan would bolster […]

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AfDB Probe: Obasanjo Condemns US Interference, Says Africa Must Speak Against Alien Practices

(AFRICAN EXAMINER) – Ex-Nigerian President, Olusegun Obasanjo, has cautioned the board of the African Development Bank to ignore calls for an independent investigation of its President, Akinwumi Adesina, by the United States Government stressing that the organization followed due process. In a letter dated May 26 to Kaba Niale, Chairman of the AfDB board of […]

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AfDB Fraud: Adesina Dismisses All Allegations Against Him

  (AFRICAN EXAMINER) – Dr Akinwumi Adesina, President of African Development Bank (AfDB), has maintained innocence with regards to allegations that seek to impugn his honour and the reputation of the bank. Adesina said this in a statement he personally signed and issued on Wednesday. Recall that United States Department of Treasury had called for […]

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BREAKING: After US Request, Adesina to Step Down As AfDB President For Fresh Probe

(AFRICAN EXAMINER) – Dr. Akinwumi Adesina is expected to step back as the president of African Development Bank after the board supported an independent probe as requested by the U.S. The U.S. treasury secretary, Steven Mnuchin rejected an internal investigation that cleared Adesina of allegations of favouritism. Bloomberg, quoting two persons familiar with deliberations on […]

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Tony Elumelu Foundation Disburses $5m Partnership Commitment from AfDB

…AfDB Joins TEF Programme Catalysing Entrepreneurship Across Africa (AFRICAN EXAMINER) – Tony O. Elumelu has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019 TEF Entrepreneurship Programme. $2.5m was released today, with the remainder […]

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