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African Development Bank rolls out new Whistleblowing Policy

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New policy

New policy brings retaliation by contractors, consultants and suppliers under the Bank’s sanctions regime

ABIDJAN, Ivory Coast, April 26, 2023/APO Group/ — 

The African Development Bank Group (http://www.AfDB.org) has launched a six-month campaign to sensitize its internal and external stakeholders on its new Whistleblowing Policy, approved by the Boards of Directors in January this year.

The Whistleblowing Policy 2023 builds on a 2007 policy, which at the time was widely considered as progressive and reflective of the value the Bank Group places on the contribution of whistleblowers to its anti-corruption processes, and its zero tolerance of any retaliation against them.

The new policy sets additional standards, by bringing the Bank’s Boards members and elected officials under the disciplinary scope of the policy where they are found to have threatened or participated in retaliation against any internal or external party reporting fraud and corruption in Bank operations, or assisting in audits, investigations and disciplinary processes.

Enhancing its ability to protect external whistleblowers, the new policy classifies retaliation by external parties within the context of AfDB-financed operations as Obstructive Practices, which are subject to debarment under the Bank’s sanctions system.

The new policy ensures that the Bank will continue to protect natural persons or entities:

  • who make disclosures of fraud or corruption in good faith,
  • who refuse to violate the law by making public disclosures,
  • who challenge national or international illegality, as well as abuse of authority, mismanagement, gross waste, or substantial health or safety threats,
  • who are mistakenly identified as whistleblowers,
  • including AfDB staff and consultants, private citizens, development partners, non-governmental organisations, professional bodies, government officials and officials of other international financial institutions, and
  • employees of vendors and contractors participating in AfDB-financed projects, by making the guarantees of whistleblower rights by employers, a contract condition.

The campaign will be implemented over a six-month period in the Bank’s headquarters, regional and country offices and in Regional Member Countries

The new Whistleblower Policy also ensures due process guarantees by:

  • providing interim relief to persons impacted by retaliation pending the final determination of their grievances,
  • protecting the rights of whistleblowers to seek recourse against decisions made by the Bank,
  • protecting the anonymity of whistleblowers by maintaining confidentiality in its processes, and
  • protecting the rights of whistleblowers to be notified of the status of their submissions.

The Bank’s Boards of Directors have further committed to reviewing the new policy in 2028, after five years of implementation, taking into consideration implementation reports and feedback from stakeholders.

In 2007, a review of the Bank’s whistleblowing policy by the United States-based Government Accountability Project (GAP) indicated that the African Development Bank was the first multilateral development bank to substantially comply with the whistleblower transparency reforms authored by senators Patrick Leahy (D-Vt.) and Richard Lugar (R-In.) and approved in an October 2005 U.S. appropriations law. GAP described the 2007 policy, as setting “a new standard for protecting staff members and others from retaliation when they report fraud or corruption [and]… guaranteeing employment for vindicated whistleblowers who suffer retaliation.”

Whistleblowing Policy 2023 Sensitization Campaign to last six months

Speaking at the launch of the Whistleblowing Policy sensitization campaign at the Bank’s headquarters in Abidjan on Tuesday 25 April, Paula Santos-Da Costa, Director of the Office of Integrity and Anti-Corruption, stated: “the campaign will be implemented over a six-month period in the Bank’s headquarters, regional and country offices and in Regional Member Countries.”

Santos-Da Costa, the Bank’s designated chief whistleblower protection officer, said the campaign will be carried out through a variety of activities including, installation of information desks, dissemination of information, education and communication materials such as fact sheets and FAQs. The campaign will also engage beneficiary communities hosting Bank-financed projects, civil society organisations, relevant professional bodies, contractors and government officials involved in project implementation.

The director further stated that an internal guideline has been developed and issued to “ensure the strategic and efficient implementation of the Whistleblowing Policy 2023”.

The African Development Bank Group Whistleblowing Policy 2023 can be downloaded from the Bank’s website in  English (https://apo-opa.info/3V7cAi4) and French (https://apo-opa.info/40HgGhY).

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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February 6, 2026

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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February 6, 2026

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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