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Tag Archives: Akinwumi Adesina

Africa is richer than you think

African finance experts at COP29 want that wealth measured in new ways ANALYSIS | THE INDEPENDENT | Akinwumi Adesina, the president of the African Development Bank (AfDB) has stirred up new thinking around financing for the continent at the COP29 by insisting on a revaluation of its green wealth. Adesina on …

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AfDB unveils new 10-year strategy

Light up and power Africa, feed Africa, industrialize Africa, integrate Africa and improve the quality of life are the Bank’s High 5 operational priorities Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Development Bank Group, will boost its financing capacity by over 70 billion USD as it unveils a …

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AfDB to mobilize 25 bln USD for climate adaptation in Africa

Accra, Ghana | Xinhua | The African Development Bank (AfDB) will mobilize at least 25 billion U.S. dollars to support Africa’s climate adaptation programs, AfDB President Akinwumi Adesina said Monday. “Climate change is killing African economies. Annually, Africa loses 7 billion-15 billion dollars due to climate change. This is expected to …

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African Development Bank chief hits back over graft accusations

Abidjan, Ivory Coast | AFP | The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed “unprecedented attempts by some to tarnish my reputation” and declared “I will… continue to work with …

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US urges probe into alleged ethics breach by African Development Bank

Abidjan, Ivory Coast | AFP | The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina. In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed “deep reservations” about the outcome of …

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