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African Development Bank Group (AfDB)

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    • Bank Executive Director Rufus Darkortey (right) welcoming Ambassador El Gayly Mohamed Abdelhamid, Sudanese Chargé d’Affaires to Cote d’Ivoire
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Source: African Development Bank Group (AfDB) |

African Development Bank Executive Director and Sudanese Envoy Discuss Crucial Support Amid Ongoing Conflict

The meeting between Ambassador Abdelhamid and Mr. Darkortey signifies a collaborative effort between the African Development Bank and Sudan to address challenges and pave the way for a more resilient future for the country

Ambassador El Gayly Mohamed Abdelhamid, Sudanese Chargé d’Affaires to Cote d’Ivoire, recently paid a courtesy visit to Mr. Rufus N. Darkortey, Executive Director for Sudan at the African Development Bank (www.AfDB.org). The meeting, held on April 4, 2024, at the African Development Bank’s headquarters in Abidjan, focused on collaborative efforts…

African Development Bank Group (AfDB)

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    • Attendees at the launch ceremony of the three-year project to combat money laundering and terrorism financing, Senegal April 2024
    • (l-r) : AfDB Country manager for Senegal Mohamed CHERIF,  Edwin W. HARRIS Jr, Director General of GIABA. David N BORBOR, Director of the Financial Intelligence Unit of Sierra Leone and GIABA national correspondent. Tafsir HANE, representing Senegal’s Financial Intelligence Unit’s President, attend launch ceremony Dakar, April 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank, Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) combat money laundering and terrorism financing in Africa through new project

The project will be financed through a grant from the Transition Support Facility of the African Development Bank to the tune of 3.5 million UA

The African Development Bank (www.AfDB.org) and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) on Thursday officially launched a three-year support project to combat money laundering and terrorism financing in their member countries.  The project, titled “Capacity Development for Anti-Money Laundering and Countering the Financing of Terrorism…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Legal Support Facility appoints Akere Muna as Goodwill Ambassador

A renowned lawyer and committed to fighting corruption, Muna will assist ALSF in mobilising resources to make its services accessible to its member countries

The African Legal Support Facility (ALSF) has appointed Akere Muna, an eminent lawyer and international legal consultant, as Goodwill Ambassador, marking a new chapter in its commitment to build sustainable legal capacity on the African continent. Muna was  appointed by the Governing Council of the ALSF for a term of…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Debars China Henan International Cooperation Group Company Limited for 12 Months for a Fraudulent Practice

During the debarment period, China Henan International Cooperation Group Company Limited and specified affiliates will be ineligible to participate in Bank Group-financed activities

The African Development Bank Group (www.AfDB.org), on 28 March 2024, announces the conclusion of a negotiated settlement agreement with China Henan International Cooperation Group Company Limited, thus putting an end to sanctions proceedings for a fraudulent practice against China Henan International Cooperation Group Company Limited. Pursuant to the negotiated settlement…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Group’s international staff to leave Ethiopia over serious diplomatic incident

These decisions follow the recent breach of diplomatic protocol and assault by Ethiopian security forces on two of the African Development Bank’s international members of staff

The African Development Bank (www.AfDB.org) has decided to withdraw all its international staff from Ethiopia immediately. The office will remain open under an Officer-in-Charge. These measures will not affect nationally recruited staff from Ethiopia who will continue their work and remain in the full employment of the Bank. The Bank…

African Development Bank Group (AfDB)

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    • Statement by the African Development Bank Group following the illegal arrest of its staff in Ethiopia
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Source: African Development Bank Group (AfDB) |

Statement by the African Development Bank Group following the illegal arrest of its staff in Ethiopia

The Prime Minister of Ethiopia immediately acted when he learnt of the incident, ordered the immediate release of the affected staff and promised to order an immediate investigation into the incident

On 31 October 2023, two staff members of the African Development Bank Group (www.AfDB.org) based in Addis Ababa were unlawfully arrested, physically assaulted, and detained for many hours by elements of the security forces without any official explanation. We are pleased that the Prime Minister of Ethiopia immediately acted when he learnt of the…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank imposes 12-month Conditional Non-Debarment on Unik Construction Engineering (Pty) Limited for a Corrupt Practice

Pursuant to the negotiated settlement agreement, Unik Construction Engineering (Pty) Limited, registered in Botswana, will be under a conditional non-debarment for a period of 12 months, effective 11 October 2023

The African Development Bank Group (www.AfDB.org), on 13 October 2023 announces the conclusion of a negotiated settlement agreement with Unik Construction Engineering (Pty) Limited, thus putting an end to sanctions proceedings for a corrupt practice against Unik Construction Engineering (Pty) Limited. Pursuant to the negotiated settlement agreement, Unik Construction Engineering…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank debars Joycot General Contractors Limited for 15 months for fraudulent practices

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption found that Joycot General Contractors Ltd. engaged in fraudulent practices

The African Development Bank Group (www.AfDB.org), on 25 September 2023, announces the 15-month debarment of Joycot General Contractors Ltd. effective 8 September 2023. Joycot General Contractors Ltd. is a construction company registered under the laws of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption found that…

African Development Bank Group (AfDB)

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    • Administrative authorities in the Central African Republic will benefit from financial support from the African Development Fund to improve their employees’ working methods
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Source: African Development Bank Group (AfDB) |

Central African Republic: African Development Fund provides US$5 million to support capacity building for public officials and improve the management of public finances

The support comes from Pillar 1 of the African Development Fund’s Transition Support Facility, the African Development Bank Group’s concessional financing window

The Board of Directors of the African Development Fund approved a donation of US$5.3 million to the Central African Republic in Abidjan on 6 September 2023 to contribute to the implementation of the Resource Mobilisation and Transparency of Development Policies Support Project. The support comes from Pillar 1 of the…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank debars Beza Consulting Engineers PLC and Mr. Gidey Gebrezgabher Gebremariam for 15 months for fraudulent practices

During the debarment period, Beza Consulting Engineers PLC and its affiliates and Mr. Gidey Gebrezgabher Gebremariam will be ineligible to participate in Bank Group-financed activities

The African Development Bank Group (www.AfDB.org), on 29 August 2023, announced the 15-month debarment of Beza Consulting Engineers PLC and Mr. Gidey Gebrezgabher Gebremariam, with effect from 21 August 2023. Beza Consulting Engineers PLC is a consulting firm registered under the laws of Ethiopia. Mr. Gidey Gebrezgabher Gebremariam is the…