Africa must strengthen democratic institutions to drive economic growth – Adesina
Africa must strengthen its democratic institutions if it is to experience sustained economic growth and effective national transformation, Dr Akinwumi Adesina, President of the African Development Bank (AfDB) has averred. He said many institutional and governance deficiencies had for long…
AIF founding partners unveil COVID-19 Response for Africa’s private sector
15 deals in the Africa Investment Forum’s portfolio, valued at $3.79 billion earmarked to address COVID-19 impacts Increased and decisive investment will be the channel for Africa’s economic recovery post COVID-19, partners of the Africa Investment Forum said on Friday,…
Ikpeazu, AfDB close in on new deal for industrial hub in Abia State
Governor Okezie Ikpeazu of Abia State Tuesday visited the African Development Bank (AfDB) to discuss investment and creation of a potentially viable industrial hub in the state. The Governor, who met with President of the bank, Dr Akinwumi Adesina at…
Many African youths either overeducated or undereducated—AfDB report
“Youth must be prepared for the jobs of the future – not the jobs of the past,” African Development Bank (AfDB) President, Dr Akinwumi Adesina has said at the launch of the Bank’s flagship African Economic Outlook. According to him,…
This is time to ride on AfCFTA to invest in Africa, AfDB tells UK investors’
More facts are still emerging from the UK Parliamentary Symposium, coming on the sidelines of the UK-Africa Investment Summit (UK-AfIS) in London this week. African Development Bank (AfDB) President, Dr Akinwumi Adesina has charged UK investors saying based on the…
2019 Africa Visa Openness Index report shows drop in visa restrictions
For the first time, on average, Africans can travel to approximately 27 countries visa-free or with a visa on arrival; Ethiopia moves up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa. Otherwise,…
Nigeria still missing in top 5 growing African economies
Chances of Nigeria rising again to top five growing economies in Africa have been cut short by production statistics rolled out by the Nigerian Bureau of Statistics (NBS) and several international rating agencies and global financial monitoring institutions. Latest third…
Nigeria’s Adesina, AfDB boss named co-winner of the Sunhak Peace Prize
At the Cape Town International Convention Center, the Sunhak Peace Prize Committee announced that the 2019 Laureates for the Sunhak Peace Prize would be Waris Dirie, 53 year-old world-class supermodel and anti-FGM activist, and Dr. Akinwumi Ayodeji Adesina, 58 year-old…
AfDB decries over $200m sunk in Nigeria’s power sector with disappointing results
President of the African Development Bank (AfDB), Dr Akinwumi Adesina, at the ongoing Africa Investment Forum (AIF) in Cape Town, South Africa, has decried the huge volume of both government and private investments including its $200m into the Nigerian power…
Africa’s investment opportunities outweigh the obstacles—AfDB Report
New report by the African Development Bank (AfDB) has disclosed that “Opportunities for investment in Africa outweigh the obstacles, according to a report by leading African companies covered in the African Development Bank’s new Africa-to-Africa (A2A) Investment Report, the first…
