Africa Loses Over $580 Billion Annually to Corruption and Illicit Capital Outflows, AfDB Warns
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August 19, 2025
The African Development Bank (AfDB) has revealed that Africa loses more than $580 billion each year to corruption and illicit financial outflows, a drain that continues to hinder economic growth and exacerbate the continent’s debt challenges. AfDB…
AfDB President Akinwumi Adesina Hints at Running for Nigeria’s Presidency
February 10, 2025
The outgoing President of the African Development Bank (AfDB), Akinwumi Adesina, has suggested he may run for Nigeria’s presidency. Adesina confirmed his willingness to serve after his tenure at AfDB ends, stating he is open to working in various…
AfDB To Begin Disbursement Of $540m SAPZs Fund
… It is time to walk the talk, says VP Shettima All is set for the African Development Bank (@AfDB_Group) to commence the disbursement of $540 million to the first phase of states in Nigeria for the development of Special Agro-Industrial Processing…