S&P Global has affirmed its “AAA/A-1+” rating on AfDB with a stable outlook.
The ‘AAA’ rating of the AfDB is driven by extraordinary support it receives from its shareholders.
ADB has launched a $3 billion “Fight COVID-19” Social Bond, the largest USD social bond transaction ever recorded in the capital market.
The AfDB disclosed that it had partnered with DFID to unveil its $80 million infrastructure financing initiative for Africa.
Dr Akinwumi Adesina has said that transactions worth $40.1 billion have been secured at the second edition of the African Investment Forum.