The African Development Bank (AfDB) and the International Organization for Migration (IOM) has released a joint report designed to support practitioners and decision makers to turn migration into a force for development in Africa. The report titled ‘Diaspora Engagement, Climate-Induced Migration and Skills Mobility: A Focus on Africa’ examines the impact of migration on human […]
…As 49% Of Population Lives In Slums The President of African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged the Nigerian government to urgently introduce welfarist policies needed to ensure all Nigerians have access to basic and affordable housing. Adesina, who gave the charge in his lecture at the occasion where he was honoured with […]
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has again warned that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods […]
The African Development Bank Group (AfDB) on Tuesday announced its adoption of climate resilient debt clauses (CRDCs), thereby joining major creditors and international development banks at a COP28 session organized by the UK, Barbados and the InterAmerican Development Bank under the auspices of the Bridgetown Initiative. A news report from African Press Organisation (APO) Group […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that African countries’ default rate in infrastructure financing is one of the lowest globally. The development finance banker made this disclosure during his address to participants at the African Investment Forum (AIF) with the theme ‘Unlocking Africa’s Value Chains’ held in Marrakech, […]
The African Development Bank (AfDB), alongside the Islamic Development Bank (IDB) and the International Fund for Agricultural Development on Thursday disclosed that they had approved an additional $1 billion to support special agro-industrial processing zones in 24 states of Nigeria. A statement issued by the Senior Special Assistant to the AfDB President, Media and Communications […]
The African Development Bank (AfDB) and Google LLC have strengthened their partnership to grow Africa’s burgeoning digital economy with the signing of a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York. Analysts estimate that Africa’s digital economy is valued at $115 billion and project that […]
The African Development Bank (AfDB) has expressed its readiness to support the Nigerian government’s ongoing power reforms through technical advisory and other areas in order to boost power generation, transmission and distribution in the country. The development finance institution made the pledge during a meeting with the Nigerian delegation, led by the Minister of Power, […]
The African Development Bank (AfDB) President, Dr. Akinwumi Adesina, has said that Africa is endowed with necessary partnerships and technologies to eradicate hunger and that what is needed is action and adequate funding of the agriculture sector across the continent. Adesina made this remark during the opening session of the 8th Africa Agribusiness and Science Week […]
The President of the African Development Bank Group (AfDB), Dr. Akinwunmi Adesina, has urged African leaders to increase investments in African youths in order to ensure a fulfilling future for the youths and position the continent’s economies on the path of sustainable growth. Adesina, gave this charge during the Africa Day Celebration which commemorates the […]