Tag: African Development Bank
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MASLOC secures AfDB grant to support its operations
The Micro Finance and Small Loans Centre, (MASLOC) will receive support for its operations across the country from a $ 31.34 million grant from Ministry of Finance and the African Development Bank. The project which will enhance women’s access to credit, financial literacy, and information sharing, with a focus on women-led Micro, Small and Medium-Scale…
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Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report
With a projected growth rate of 5.3%, the African Development Bank is forecasting a positive economic outlook for the Ghanaian economy this year. According to its 2022 Economic Outlook Report released at the Bank’s ongoing Annual Meeting in Accra, it is however expecting a slight drop in the rate at which the economy grows. The…
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Take control of financing on the continent – Ofori-Atta to AfDB
Finance Minister, Ken Ofori-Atta, has urged the African Development Bank to strengthen itself to take control of financing more projects on the continent. According to him, the bank must put in place measures to ensure that no financial institution, including the Bretton Woods, has a deeper foothold on the continent than the African Development Bank.…
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African Development Bank to invest $3 billion in Africa’s pharmaceutical industry
In recognition of the devastating effects of the COVID-19 pandemic on African economies, the President of the African Development Bank, Akinwumi Adesina, says the bank is willing to help West African countries accelerate growth and development to ensure economic stability. Speaking at the opening of the 59th ECOWAS Heads of State and Authority summit in…
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Top Nigerian banker Akinwumi Adesina cleared after corruption probe
The President of the African Development Bank (AfDB), Akinwumi Adesina, has been cleared of corruption charges after a review by an independent panel. The US, one of the bank’s biggest shareholders, insisted on a new inquiry in April after an internal review cleared Akinwumi Adesina. Whistleblowers had accused the Nigerian of giving contracts to friends…