The Latest Breaking News from African Development Bank

Sidi Ould Tah named African Development Bank president

Mauritanian economist who led Arab Bank for Economic Development in Africa will succeed Akinwunmi Adesina

The Guardian - UK · May 29, 2025

Sidi Ould Tah: Africa's New 'Super Banker'

Sidi Ould Tah is the first Mauritanian to become president of the African Development Bank (AfDB) and will need all his international experience to tackle the challenges facing the institution.

International Business Times · May 29, 2025

Africa Elects Its Next 'Super Banker'

The race to become Africa's next "super banker" ends on Thursday, with five candidates, including one woman, vying to succeed Nigeria's Akinwumi Adesina as head of the African Development Bank in a contest that appears too close to call.

International Business Times · May 29, 2025

Africa needs to learn to feed itself, says Senegal president

Africa must produce more food instead of relying on imports and aid, Senegalese President Macky Sall told leaders gathered in the West African nation's capital for a summit on Wednesday.

Reuters · Jan 25, 2023

Bankers bet billions on new wave of debt-for-nature deals

The Galapagos Islands, whose thousands of unique species inspired Darwin's theory of evolution, have incalculable ecological value. But what are they worth?

Reuters · Nov 17, 2022

‘Not fair’: Ghana slams West over low funding for climate change

Western countries said they will spend about $25bn by 2025 to help Africa adapt to climate change but pledged only $55m.

Al Jazeera · Oct 11, 2022

African leaders: Richer nations must pay more to prepare for climate change

African leaders called on Monday for their counterparts from richer, polluting nations to increase funding for projects to help them adapt to climate change.

Reuters · Sep 5, 2022

As Africa's climate warms, rich countries pledge more funds

Rich countries said they will spend about $25 billion by 2025 to boost Africa’s efforts to adapt to climate change as the continent continues to struggle with drought, cyclones and extreme heat, according to officials at a summit in Rotterdam in the Netherlands on Monday

The Independent UK · Sep 5, 2022

Africa must end food, pharma import dependence, AfDB president says

Africa must wean itself off dependence on food and medicine imports, the president of the African Development Bank (AfDB) said, as the institution approved creation of a pharmaceutical tech foundation and began processing requests for food relief.

Reuters · Jun 23, 2022

Lenders pledge $26.1 billion to Ivory Coast 2021-25 plan

Multilateral and bilateral lenders on Wednesday made a series of pledges to support Ivory Coast's 2021-25 Development Plan totalling $26.1 billion, Prime Minister Patrick Achi said.

Reuters · Jun 15, 2022