Rabat, Morocco | AGENCIES | In a milestone celebration of African leadership, Dr. Akinwumi Adesina’s decade-long impact on continental development has earned him the inaugural “African of the Decade” award. The African Development Bank Group President received this distinguished honor at last week’s Africa Investment Forum in Rabat, marking a …
Read More »Resource-rich Africa has no excuse to remain poor, says African Development Bank president
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 …
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