Browsing: African Development Bank

Africa Development Bank, AfDB

The COVID-19 pandemic has caused a severe global economic and health crisis. The announcement is a welcome boost to support the long-term development objectives of African economies that have been negatively impacted by the crisis. It is the first time the G7 DFIs have come together to make a collective partnership commitment to the African continent.

The transaction, announced on 8 June, was led by Nomura and RBC Capital Markets. It is the institution’s first benchmark Kangaroo since early 2018 and its first in the mid-curve since 2015. It is also the largest AUD trade ever issued by the bank. More than 30 investors participated in the deal, with a total order book of more than A$775 million, leading to an upsize of the trade from the announced size of A$250-300 million to the final size of A$600 million. These included a strong cohort of Australian investors, while fund managers were the major investor type.

A statement by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande, said Vice President Yemi Osinbajo (SAN), commended the progress in the plan at a meeting at the Presidential Villa on Friday, where he was briefed about the status of the collaboration.

If America and some other world powers come after you, you have every right to shiver in the broiling sun. It’s like Chief Olusegun Obasanjo telling you to dismount from the horse of leadership in Nigeria. Only a Muhammadu Buhari can look him straight in the eyes, and say: No sir. And survive it.