African Development Bank
Multilateral development finance institution
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February 2025 | AfDB and Interpol signed a letter of intent to pursue greater cooperation to combat corruption across the continent, as announced by AfDB president Akinwumi Adesina. |
2024 | Afreximbank hosted its 31st Annual Meetings in Nassau, The Bahamas, concurrently with the third edition of the AfriCaribbean Trade and Investment Forum (ACTIF). |
2023 | AfrexInsure, a wholly owned subsidiary of Afreximbank, was officially launched during Afreximbank's annual meeting in Accra, Mauritius. |
2023 | The African Development Bank Group launched country-by-country economic reports focusing on climate resilience and green growth policies. |
June 18 2023 | The 30th Annual General Meeting of Afreximbank was held in Accra, Ghana, taking place from June 18–21. |
2022 | The African Development Bank recorded a decrease in Africa's GDP growth to 3.8% and completed the 16th replenishment of the African Development Fund, gathering US$8.9 billion, with US$429 million specifically designated for climate change initiatives. |
October 28 2021 | Afreximbank announced a US$6.5 billion General Capital Increase (with US$2.6 billion to be paid-in) to expand its capacity and diversify services. |
August 27 2020 | Dr. Akinwumi Ayodeji Adesina is unanimously reelected for a second five-year term as President of the African Development Bank Group. |
June 2020 | The AfDB board agreed to review Adesina's management of the bank, with his first term approaching its conclusion. |
June 13 2020 | Professor Benedict Okey Oramah is reappointed by the Bank's shareholders for a second five-year term as President and Chairman of the Board of Directors. |
November 2019 | The bank's capital was reported at $208 billion. |
2017 | AfDB began issuing social bonds to raise funds. |
July 18 2016 | The 23rd Annual General Meeting of Afreximbank was held in the Seychelles, marking the first meeting chaired by President Dr. Benedict Oramah, with the meeting running from July 18 to 24. |
September 1 2015 | Professor Benedict Okey Oramah takes his oath of office as President of Afreximbank. |
September 1 2015 | Dr. Akinwumi Ayodeji Adesina takes the oath of office as the 8th elected President of the African Development Bank Group, becoming the chair of the Boards of both the African Development Bank and the African Development Fund. |
June 2015 | Over 1,500 staff had returned to the bank's Abidjan headquarters out of more than 1,900 total staff. |
June 13 2015 | Professor Benedict Okey Oramah is appointed as the third President and Chairman of the Board of Directors of Afreximbank at the Annual General Meeting of Shareholders. |
2013 | The bank returned to its original headquarters in Abidjan after the political crisis ended. |
December 8 2012 | Authorized share capital increased from US$750 million to US$5 billion. |
2010 | The African Development Institute became the focal point of the African Development Bank Group for capacity-building. |
This contents of the box above is based on material from the Wikipedia articles African Export–Import Bank & African Development Bank, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.