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…