Tag: African Development Bank Group (AfDB)

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World Bank president nominee pledges to partner with AfDB for transformative results

United States’ nominee for World Bank Group President, Ajay Banga began his global tour on Monday, with his first stop in Abidjan, Cote d’Ivoire...

African economies remain upbeat despite multiple shocks, says AfDB vice-president 

African economies remain resilient despite experiencing multiple shocks, with 53 out of 54 African countries seen maintaining positive growth and a stable outlook for...

AfDB report: Africa’s economic growth to outpace global forecast in 2023-2024

Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP)...

Africa deserves right to use natural gas reserves – AfDB chief

The right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, the president...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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