LAGOS SEPTEMBER 1ST (NEWSRANGERS)-President-elect of the African Development Bank Group (AfDB), Akinwumi Adesina has promised to give more support to ensure that the continent’s infrastructure gap is reduced by providing quality growth. Dr Adesina, during his inaugural address after being sworn-in as AfDB President on Tuesday, pledged to expand partnership and tilt more attention to…
LAGOS JUNE 12TH (NEWSRANGERS)-The Vice President for Agriculture, the Human and Social Development at the African Development Bank (AfDB), Dr. Jennifer Blanke, has resigned her position. The bank’s Communications and External Relations Department made this known in a statement yesterday, saying Blanke’s resignation would take effect July 4, 2020. She was quoted as saying: “I…
LAGOS JUNE 5TH (NEWSRANGERS)-The African Development Bank on Thursday launched an independent inquiry into allegations of embezzlement and preferential treatment against its embattled president Akinwumi Adesina, who is seeking re-election in August, its board of governors said. The investigation into Adesina, a former Nigerian minister for agriculture, follows calls for a probe by Washington, and…
LAGOS MAY 30TH (NEWSRANGERS)-The US and the African Development Bank have fallen out over allegations of corruption against the bank’s Nigerian head, writes former BBC Africa Business editor Larry Madowo. Akinwumi Adesina is a sharp dresser known for his expensive tailored suits, immaculate white shirts and an endless supply of colourful bow ties. But the…
LAGOS MAY 26TH (NEWSRANGERS)-The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina. In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed “deep reservations” about the outcome of an internal inquiry…
LAGOS MARCH 2ND (NEWSRANGERS)-The President of the African Development Bank, Dr. Akinwumi Adesina has said that the bank is set to create 9 million direct and indirect jobs in the next 5 years. The President made this known during his keynote speech at the 8th African Leadership Magazine Persons of the Year event, which held at…
LAGOS FEBRUARY 14TH (NEWSRANGERS)-In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank (https://www.AfDB.org), have a ttendency to lend too quickly and in the process, add to the continent’s debt problems. ADB, however described the allegation as inaccurate and not fact based,…
LAGOS JANUARY 30TH (NEWSRANGERS)-African Development Bank(ADB) is spearheading efforts to feed Africa and is investing $25 billion over a ten-year period to transform the continent’s agriculture sector. President of Africa Development Bank , Akinwumi Adesina made the disclosure as he was conferred with an Honourary Doctorate of Science by the Federal University of Agriculture in…