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AFRICAN DEVELOPMENT BANK
The African Development Bank is set to borrow $ 10.4 billion from the capital markets under its 2021 borrowing program.
By 2025, AfDB would commit $25billion in climate finance in Africa, as well as other bank's initiatives.
Fashion entrepreneurs and creative minds have been presented with opportunities to access finance from investment funds supported by the AfDB.
AfDB has announced a new $90million donation from Germany, Sweden, others for sustainable energy in Africa.
Nordic Development Fund (NDF) has approved $8.8 million in grant funding to the African Water Facility (AWF).
The AfDB’s Fashionomics Africa initiative is launching a competition to support designers of sustainable and circular fashion.
AfDB’s president Akinwumi Adeshina has been awarded the 2020 distinguished fellowship award in recognition of his outstanding contributions.
The AfDB president has said that investing in education is a means of creating a new Nigeria.
Adesina has charged African leaders to have a sense of collective responsibility to manage the continent’s vast natural wealth.
AfDB will continue to invest to close the infrastructure gap that has limited the capacity of the AEZO to be as vibrant as other zones.
Dr. Adeshina has said that the size of the food and agriculture market is estimated to rise to over $1 trillion by 2030.
AfDB has awarded winners of its AgriPitch competition with cash prizes worth $120,000.