Lagos, Nigeria | THE INDPENDENT | With $6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant youth population, Africa has no excuse to be poor, African Development Bank Group President Dr Akinwumi Adesina has said . He said the continent must look inward urgently …
Read More »AfDB achieves global first: Issues highest rated hybrid capital by a multilateral development bank
The S&P Global Ratings assigned a AA-rating to the debut transaction, the highest rating for hybrid capital Abidjan, Ivory Coast | THE INDEPENDENT | The African Development Bank Group has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The …
Read More »Rwanda to host the African Pharmaceutical Technology Foundation
Abidjan, Ivory Coast | THE INDEPENDENT | The African Development Bank’s Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products. The Foundation …
Read More »Financing climate change in Africa
Global leaders commit to mobilise US$2bn to accelerate climate change adaptation Kampala, Uganda | RONALD MUSOKE | As Africa struggles to emerge from shocks caused and accelerated by climate change amidst the COVID-19 pandemic, world leaders have committed to prioritise actions that will help the continent emerge stronger, healthier and …
Read More »Africa’s recovery from COVID-19
It will depend on its ability to mobilise resources – Adesina | THE INDEPENDENT | Africa’s recovery from the COVID-19 pandemic will depend on the continent’s ability to mobilise resources, according to African Development Bank (AfDB) President Akinwumi Adesina. Adesina was on Dec.10 speaking during Nobel Week Dialogue, a prelude …
Read More »Akinwumi Adesina gets second five year term at AfDB
AfDB President survived several accusations including breaches of the bank’s code of ethics Kampala, Uganda | RONALD MUSOKE | Dr. Akinwumi Adesina will serve as president of the African Development Bank Group for another five-year term following his re-election by the Board of Governors on Aug.27. Dr Adesina, a former Nigerian …
Read More »Accelerating Africa’s transformation
Japan, S.A and AFDB unveil priorities in technology at TICAD 7 Science, technology and innovation as well as human resource development are critical in Africa, a continent, which has the biggest potential on earth, Prime Minister Shinzo Abe said at the Science and Technology in Society (STS) forum held on …
Read More »