SEOUL, Jun. 5 (Korea Bizwire) — South Korea’s agriculture ministry said Wednesday it has agreed to forge deeper ties with the African Development Bank (AfDB). Agriculture Minister Song Mi-ryung shared ideas on the agenda with AfDB President Akinwumi Adesina in Seoul the previous day on the margins of the two-day Korea-Africa Summit, according to the [...]
ABIDJAN, Côte d’Ivoire, Nov. 17 (Korea Bizwire) — The COVID-19 pandemic has exposed the challenges and opportunities of Africa’s development landscape, former British prime minister Tony Blair said on Monday in a lecture organized by the African Development Institute in Abidjan. “We have the same problems but what we also have is vastly increased urgency…not [...]
ABIDJAN, Côte d’Ivoire, Nov. 14 (Korea Bizwire) — Moody’s Investor Service has affirmed the African Development Bank’s AAA credit rating, with a stable outlook. “The credit profile of African Development Bank (AfDB) is supported by the bank’s robust capital buffers and superior risk management, which mitigate risks,” Moody’s Investor Service said in an annual credit [...]
ABIDJAN, Cote d’Ivoire, Nov. 13 (Korea Bizwire) — The global recovery from the COVID-19 pandemic will depend on the world coming together in a collective endeavour backed by science, finance and political resolve, African Development Bank president Akinwumi Adesina, told the Victoria Forum 2020, a virtual event addressing the long-term socio-economic impacts of COVID-19. “How [...]
ABIDJAN, Côte d’Ivoire, Aug. 27 (Korea Bizwire) — Dr. Akinwumi A. Adesina has been re-elected to serve a second five- year term as President of the African Development Bank Group on Thursday, August 27, 2020 by the Board of Governors of the Bank. A globally renowned development economist and a World Food Prize Laureate and [...]
ABIDJAN, Côte d’Ivoire, June 25 (Korea Bizwire) — Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its Aid Transparency Index. The Index is the only independent measure of aid transparency among the world’s major development agencies. The index places the Bank in the highest category of [...]