Dr. Adesina: African Development Bank President Completely Exonerated

July 28, 2020 High Level Independent Review Panel led by former Irish President Mary Robinson gives the Nigerian technocrat clean bill. Abidjan, Côte d’Ivoire – A much awaited report by an Independent Review Panel has completely exonerated the President of the African Development Bank, Akinwumi Adesina of any ethical wrongdoings. The Independent Review Panel was…

Punishing Poor Mozambicans for the Actions of a Greedy Elite and a Major Swiss/British Bank

Poor Mozambicans are being punished for the actions of a greedy elite and a major Swiss/British bank, writes Joseph Hanlon, Senior Visiting Fellow in the Department of International Development. Fewer teachers will be hired this year, leading to even more overcrowded classrooms, and health spending is being cut, as donors reduce aid to Mozambique or shift…

Central Bank Chiefs On Edge, Poised to Embrace Bitcoin As It Rockets Through $10,000

  Central Bank Chiefs On Edge, Poised to Embrace Bitcoin As It Rockets Through $10,000 While central banks remain on edge wondering whether Bitcoin and other cryptocurrencies are a bubble or breakthrough, Bitcoin’s vertiginous ascent is no signs of abating. On Monday, November 27, 2017, the king of cryptocurrencies soared to another record high just…

Why Did Moody’s Downgrade Eight Nigerian Banks Despite Escape From Recession?

  Why Did Moody’s Downgrade Eight Nigerian Banks Despite Escape From Recession? Moody’s Investors Service (Moody’s) has downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four Nigerian banks. It also downgraded the long-term local and foreign currency issuer ratings of another development bank. The agency, in its new rating…