Tag: AFDB
AfDB working with global, African stakeholders to articulate 2030 vision for Africa’s Pharmaceutical Industry
April 16, 2021 As African leaders assembled at a global meeting to discuss the status of local pharmaceutical manufacturing on the continent, underscoring the need to increase local production of vaccines and therapeutics to achieve greater public-health security, the African Development Bank says it is working with global and African stakeholders, to articulate a 2030 ...African presidents and global leaders support bold action on climate change adaptation for Africa
In a historic and united show of solidarity for a continent that contributes only 5% to global emissions, more than 30 heads of state and global leaders committed to prioritize actions that help African countries adapt to the impacts of climate change and “build forward better.”Africa now faces the dual onslaught of climate change – ...Increase debt suspension arrangements to offer low-income, middle-income countries fiscal space – Heads of state
Several heads of state and government, the United Nations and heads of multilateral development finance institutions on Monday called for expansion of the Debt Service Suspension Initiative, under which low-income countries have suspended paying down debt during the Covid-19 pandemic. The initiative should be widened beyond low-income countries and its current expiration extended to offer ...Lagos accounts for 12.15% of debt stock as FG, States’ debt profile rise to N32.92trn in Q4, 2020 – NBS
The National Bureau of Statistics (NBS) says Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion. This was contained in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020 on Monday. According to the bureau, Nigeria’s total public debt for the States and the Federal Government showed that ...Africa set to recover from worst economic recession in half a century
Africa is set to recover from its worst recession in half a century. Real GDP is projected to grow by 3.4% in 2021 after contracting by an estimated 2.1% in 2020, mainly due to COVID-19 related disruptions, according to the African Development Bank’s, AfDB ,recently released African Economic Outlook (AEO). The pandemic also caused deep ...Africa’s collective debt now 70% of the continent’s GDP – AfDB
African Development Bank, AfDB, President Akinwumi Adesina, recipient of the 2017 World Food Prize, and Professor Joseph E. Stiglitz, recipient of the 2001 Nobel Memorial Prize in Economic Sciences, have called for a quick and comprehensive plan for debt restructuring in Africa. At the launch of the African Development Bank’s 2021 edition of its annual ...AfDB provides over $320,000 in grant funding to mainstream gender in ECOWAS DFS
The Board of Directors of the African Development Bank (AfDB) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks. The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank. ...72% of Africans lack access to electricity globally – AfDB
The African Development Bank (AfDB) says Africa accounts for only six per cent of global energy demand, a little more than three per cent of electricity demand. Mr. Kevin Kariuki, Vice President, Power, Energy and Green Growth of AfDB made the assertions at the second webinar series of the Africa Investment Roundtable (AIR) entitled: “Sustainability ...COVID-19: AfDB President says vaccines, debt relief will be key to Africa’s recovery
The President of the African Development Bank, AfDB, Dr. Akinwumi Adesina, has called for fair access to COVID-19 vaccines for Africans and said debt relief would help African economies recover faster and better from the pandemic. Speaking on 8 February at a virtual event held in his honour as the outgoing African of the Year ...U.K Africa Investment Conference: Africa is the world’s next business frontier – AfDB’s Akinwumi Adesina
African Development Bank (AfDB) President Akinwumi Adesina has said that Africa remained fertile ground for investment, but much hinged on the continent’s ability to boost its healthcare sector. Adesina spoke during the Africa Investment Conference, a virtual one-day event organized by the UK Department for International Trade, which brought together UK and African business and ...
