AfDB

AfDB Inaugurates Youth Entrepreneurship Banks In Nigeria

AfDB Inaugurates Youth Entrepreneurship Banks In Nigeria

May 28, 2022 12:13 pm

In a fresh development, the African Development Bank (AfDB) has reiterated that it would be designing youth entrepreneurship investment banks in 13 African countries to create wealth in the continent.

Dr. Akinwumi Adesina, the President of the AfDB Group, said this at a news conference to conclude the Bank’s 2022 Annual Meetings in Accra, Ghana.

Adesina said the move, to be finalized by June, would help youths get capital and create wealth for the younger generation for the development of the continent.

Read Also: Why We Picked Form For AfDB President, Adesina – Group

“We are designing renewed financial

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Yoruba Group Writes Pompeo - U.S. Should Leave Adesina Of AfDB Alone

Yoruba Group Writes Pompeo: U.S. Should Leave Adesina Of AfDB Alone

June 6, 2020 10:02 am

A Yoruba group has called on the United States Government not to oppose the second term election of the President of Africa Development Bank, (AfDB), Dr. Akinwumi Adesina.

In a letter directed to the United States Secretary of State, Mike Pompeo, the pan-Yoruba socio-cultural group, the Yoruba Koya Leadership and Training Foundation, declared that opposing Adesina’s second term ambition is tantamount to opposing the general interests of the African people.

The letter was signed by the group’s founder and Vice-president, Otunba Ayodeji Osibogun and five other leaders of the organisation.

They are Senator Tokunbo Ogunbanjo, Vice-Chairman, Board of Trustees, Dr. …

AfDB Chief, Adesina Reveals How Nigeria Can Be Restructured

Corruption At AfDB: U.S. Rejects Adesina’s Exoneration

May 25, 2020 10:28 am

The United States has rejected the clean bill given Dr. Akinwumi Adesina by the African Development Bank (AfDB) ethics committee, over corruption allegations.

Instead, the U.S. has called for an independent probe, thus upending AfDB’s board decision to end an investigation against Adesina.

In a letter dated May 22 and addressed to Niale Kaba, chairwoman of the bank’s board of governors, U.S. Treasury Secretary Steven Mnuchin said the Treasury disagreed with findings by the bank’s ethics committee that “totally exonerated” Adesina.

Kaba confirmed receipt of the document and declined further comment, according to Bloomberg.

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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