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February 26, 2020
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AFDB Rebuts World Bank over Comments on Africa’s Debt Profile

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Press Release- In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank, have a tendency to lend too quickly and in the process, add to the continent’s debt problems. This statement is inaccurate and not fact based. It impugns the integrity of […]Continue Reading
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African Development Bank Approves $124.2 million loan for Akure Water Sector Reforms

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The Board of Directors of the African Development Bank on Thursday approved a $ 124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria. The amount includes an African Growing Together Fund (AGTF) loan of $20 million. The overall project cost is $222.69 million and will span five […]Continue Reading