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 […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged global leaders and development experts to consider adopting a new way of measuring wealth of nations in view of the lapses in the current Gross Domestic Product (GDP) approach. Adesina, made this call when the United States’ nominee for World Bank Group […]
…As Buhari canvasses more support for farmers The African Development Bank Group (AfDB), on Wednesday hinted of its plans to commit $10 billion over the next five years to boost Africa’s efforts to end hunger in the continent and transform it into a primary food provider for itself and the global community. The […]
The African Development Bank Group (AfDB) has formally introduced its new initiative, the African Pharmaceutical Technology Foundation (APTF), in collaboration with the African Union to boost Africa’s capacity to produce drugs, vaccines, diagnostics, and therapeutics all along the value chain, to help build the continent’s pharmaceutical sector. The APTF was the focus of a forum […]
The United Kingdom has announced an increase in its financial support to the poorest African countries that bear the brunt of climate change. Speaking at COP27 in Sharm El Sheikh, Egypt, on the funding support, British Foreign Secretary, James Cleverly, confirmed the UK will provide £200 million to the African Development Bank Group’s (AfDB’s) Climate […]
The African Development Bank (AfDB) has reported that Africa’s economic recovery remains uneven and fragile, even as the easing of Covid-19 restrictions has put many regions of the continent back on a growth trajectory. The development finance institution made this observation in its ‘Annual Development Effectiveness Review’, which analyses the Bank’s role in Africa’s development […]
The African Development Bank Group’s (AfDB) Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis. Apparently aimed at mitigating the impacts of the disruption of food supplies arising from the Russia-Ukraine war in Africa, the $1.5 billion African Emergency Food Production Facility, which is a […]
The president of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has urged the United States to back the institution’s $1.5 billion emergency food production plan. The plan aims to avert a looming food crisis in Africa caused by Russia’s war in Ukraine. Adesina, and a panel of witnesses, on Wednesday testified about global […]
The African Development Bank (AfDB), has estimated that Sub-Saharan African countries will require between $68 billion to $108 billion annually to the bridge their current infrastructure financing gap. The Bank made this projection in a statement hoisted on its website and sourced by our correspondent on Friday. The President of the AfDB Group, Dr. Akinwumi […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has projected that $540 million Special Agro-Industrial Processing Zones (SAPZs) will unleash the potential of food and agribusiness for Nigeria and Africa. Adesina, in a social media statement on Thursday, said: “This is the first phase of Special Agro-industrial Processing zones (SAPZs) in Nigeria. […]