African Development Bank News and Economic Updates

African institutions are formalising a long-running effort to build their own credit rating capacity with the launch of the Africa Credit Rating Agency. The move reflects concern over how ...

Africa’s biggest initial public offering is exposing how fragmented regulation and market access still limit investment flows across the continent. Dangote refinery’s $1.6 billion share sale ...

Nigeria’s bank recapitalisation drive is improving the country’s standing in Africa’s banking industry, with several lenders moving higher in the continent’s Top 100 rankings. The gains ...

African governments are moving to reshape how the continent’s credit risk is assessed with the launch of the Africa Credit Rating Agency under the auspices of the African Union. The initiative ...

African economies are holding more than $2 trillion in institutional capital, but much of that money is still not flowing into companies and infrastructure projects across the region. The funding ...

Access Bank is deepening its push across Africa after obtaining full authorization to operate in Namibia. The move opens a new route to customers in Southern Africa and supports the lender's ...

Global banking supervisors are meeting in Bali to examine how oversight should adapt to digital finance, shifting business models and deeper cross-border linkages. The two-day conference brings ...

Africa’s push for broader economic growth is requiring a stronger pipeline of commercially viable investments across key sectors. United Bank for Africa says the continent needs to convert its ...

Britain is reinforcing its backing for Somalia as the country pursues political progress and a transition toward Somali-led security. The message comes during Development and Africa Minister ...

Britain is reducing direct aid to several fragile and conflict-affected countries as its development budget shrinks to help fund higher defence spending. The cuts hit bilateral programmes ...

Governments are facing growing pressure to ensure natural resource wealth supports development rather than conflict. The UK says it is expanding work with African partners and international ...