Elizabeth Antidius Shumbusho | Africa Guardian Africa is emerging as a prime investment destination for the global energy transition, driven by its abundant reserves of critical minerals, according to Akinwumi Adesina, President of the African Development Bank (AfDB) Group. Speaking at the Africa Investment Forum (AIF) Market Days on December 4 in Rabat, Morocco, Adesina highlighted the continent’s pivotal…
By Edson Baraukwa | Africa Guardian The global climate conference, COP29, opens this Monday in Baku, Azerbaijan, with African nations intensifying efforts to combat climate change. The African Development Bank (AfDB) is leading this charge by advocating for more climate financing for Africa and introducing innovative approaches to account for Africa’s “green wealth” in national economies. Following COP28’s historic…
Summary The President of African Development Bank (AfDB), Akinwumi Adesina, said on Wednesday the multilateral lender would soon establish investment banks for young entrepreneurs on the continent, IgbereTV reports Adesina, who stated this at the Commonwealth Business Forum in Kigali, Rwanda, criticized the structure of the existing commercial banks on the continent. He said the current financial institution model…
The African Development Bank (AfDB) has approved a $1.5 billion emergency programme to alleviate the impact of worsening food insecurity due to the Ukraine war, its director said on Monday. About 20 million farmers on the continent will benefit from the fund as Africa faces a shortage of at least 30 million metric tonnes of food, especially wheat, maize,…