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African Development Bank Group (AfDB)

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    • Communique of the Bureau of the Boards of Governors of the African Development Bank Group on the report of the High-level Panel for the Independent Review of the report of the Ethics Committee of the Boards of Directors of the Bank Group on the whistle blower complaint against the President of the Bank Group - FR
    • Communique of the Bureau of the Boards of Governors of the African Development Bank Group on the report of the High-level Panel for the Independent Review of the report of the Ethics Committee of the Boards of Directors of the Bank Group on the whistle blower complaint against the President of the Bank Group - EN
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Source: African Development Bank Group (AfDB) |

Communique of the Bureau of the Boards of Governors of the African Development Bank Group on the report of the High-level Panel for the Independent Review of the report of the Ethics Committee of the Boards of Directors of the Bank Group on the whistle blower complaint against the President of the Bank Group

The Panel concurs with the Committee in its findings in respect of all the allegations against the President and finds that they were properly considered and dismissed by the Committee

The High-Level Panel comprising of Mrs. Mary Robinson, former President of Ireland (Chair), Justice Hassan B. Jallow, Chief Justice of the Gambia (Member) and Mr. Leonard F. McCarthy, President, LFMcCarthy & Associates (Member) was announced on 1 July 2020. The High-Level Panel was given a period of two to four…

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

Financial, development and humanitarian arms provide $20 million to curb the impact of COVID-19 on refugees and their hosts in the Sahel

There are 3.1 million refugees, internally displaced persons, returnees and people at risk of statelessness in the Sahel

Public health, the wellbeing of refugees and the host communities in the Sahel are at the heart of the latest tripartite agreement between the African Development Bank (AfDB) (www.AfDB.org), UNHCR, the UN Refugee Agency and the G5 Sahel signed today. The agreement enables a critical $20 million COVID-19 response across…

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

Communique of the Bureau of the Boards of Governors of the African Development Bank Group following its meeting of today 1 July 2020 regarding the Whistle-Blowers’ Complaint against the President of the Bank Group

The Bureau expresses its utmost trust and confidence in the Panel’s ability to successfully carry out this important assignment

a) The Bureau recalls its Communiqué issued on June 4th 2020 informing the general public of its decision to authorize an Independent Review of the Report of the Ethics Committee of the Boards of Directors relative to the allegations made by Whistle blowers against the President of the Bank Group.…

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

Integrity in Development Projects: The African Development Bank debars Sieyuan Electric and Subsidiaries for Fraud

As part of the settlement agreement with the Bank, Sieyuan is debarred for a period of 12 months, Jiangsu Rugao for 20 months

Pursuant to a settlement agreement between the African Development Bank (www.AfDB.org) and Sieyuan Electric, the company will be debarred for 12 months. Jiangsu Rugao, a Sieyuan subsidiary, will be excluded from Bank-financed projects for 20 months. The African Development Bank Group (AfDB) on June 16, 2020, announced the conclusion of…

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

African Development Bank and development partners propel Somalia back from the brink

The Bank’s current portfolio in Somalia totals $298 million, covering operations in agriculture, water and sanitation, transport, social and energy, and multi-sectoral projects

In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank (www.AfDB.org), paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country.…

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

Lawyering in Crisis: African countries among innovation leaders in the fight against COVID-19 pandemic

There have been 192 innovations directed at COVID-19 from Nigeria alone, as well as more than 90 from South Africa

African innovators have shown creativity and ingenuity in finding solutions to fight the COVID-19 pandemic, but face legal barriers to safeguarding their intellectual property. There have been 192 innovations directed at COVID-19 from Nigeria alone, as well as more than 90 from South Africa, it was revealed during a webinar…

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

African Development Bank debars China Zhonghao Nigeria Limited for 18 months for fraudulent practices

The debarment renders China Zhonghao Nigeria Limited and its affiliates ineligible to participate in Bank-financed projects during the debarment period

The African Development Bank Group (www.AfDB.org) on 14 April 2020, announced the debarment of China Zhonghao Nigeria Limited, a civil engineering company registered in Nigeria, for 18 months, for fraudulent practices. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that China Zhonghao Nigeria Limited, as a…

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

“You have been in the trenches with us,” Ghana Vice President Mahamudu Bawumia tells African Development Bank

Ghana is looking to the Bank for investment in an integrated aluminium industry, using the country’s large bauxite deposit as raw materials

The African Development Bank’s (www.AfDB.org) support for the west African nation Ghana has boosted its government’s efforts to consolidate the economy, the country’s Vice President, Mahamudu Bawumia said on Monday. Bawumia, welcoming a team of Executive Directors and senior officials of the Bank on an official visit, cited various Bank-supported…

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

African Legal Support Facility launches new handbook on sovereign debt at 10th anniversary

The handbook discusses the fundamentals of sovereign debt, including the technical, financial and legal aspects of debt instruments and the markets in which they are traded

The African Legal Support Facility (ALSF) has launched a handbook on sovereign debt aimed at improving users’ understanding of the subject and offering development and implementation strategies and tips to avoid over-indebtedness. The Handbook on Sovereign Debt, produced by the ALSF in collaboration with 11 prominent debt professionals, was officially…

African Development Bank Group (AfDB)

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    • Left to Right: Bank Executive Directors Paal Bjornestad, Amos Kipronoh Cheptoo (partly hidden), Mmakgoshi Lekhethe, Judith Kateera, Mbuyami Ilankir Matungulu, Zimbabwe President Emmerson Mnangagwa and Finance and Economic Development Minister Professor Mthuli Ncube
    • Bank Executive Directors; Mmakgoshi Lekhethe, Mbuyami Ilankir Matungulu, Kenyeh Barlay, Paal Bjornestad, Judith Kateera and Amos Kipronoh Cheptoo at Kopa Bridge over Rusitu River in Chimanimani
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Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites

The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions

A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during…