Africa Matters

Africa’s youth demanding significant role for climate action: Kenya’s President and AfDB’s Adesina

In response to the Declaration, President Ruto and the Bank Chief recognised Africa’s youth as the biggest asset for Africa and the whole world, praising their dynamism and innovation. Hundreds of young people from across Africa are demanding a significant role in decision making for climate action. Youth leaders, entrepreneurs and policymakers presented the Africa Youth Climate Assembly Declaration…

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Liberia’s President lauds AfDB for support in fostering growth and development

Liberia’s President George Manneh Weah has lauded the African Development Bank for its “significant” support in fostering growth and development in the West African country. In a message conveyed by Liberia’s Ambassador to Côte d’Ivoire Willye Mai King, President Weah thanked the Bank Group, led by Dr. Akinwumi Adesina, for providing critical support to Liberia, including funding the pavement…

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AfDB, others support green electricity startups with $2b

More than $ 2 billion have been deployed by African Development Bank Group (AfDB) and other donors this year to support green electricity startups in Nigeria and the rest of Africa. In February, AfDB approved the Leveraging Energy Access Finance Framework (LEAF), under which the Bank will commit up to $164 million to promote decentralised renewable energy in six…

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Moody’s Affirms African Development Bank AAA Rating, Stable Outlook

The bank’s liquidity buffer is among the strongest within the AAA-rated peer group, with liquid assets covering 101% of net cash outflows over an 18-month horizon ABIDJAN, Ivory Coast– Moody’s Investors Service (“Moody’s”) has affirmed the African Development Bank’s (www.AfDB.org) Aaa long-term issuer and senior unsecured ratings. The outlook remains stable. In a rating action note dated 28 October…

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