W/Bank To Invest $150bn In Africa
The President of World Bank Group, David Malpass, has said that the bank plans to invest $150 billion in Africa within the next five years towards promoting development on the continent.
Malpass disclosed this on Tuesday at the Summit on...
AfDB, European Bank To Bridge $2.5tn Africa’s Financing Gap
The African Development Bank Group and the European Bank for Reconstruction and Development on Monday signed a Memorandum of Understanding to promote sustainable private sector development in Africa.
In a statement issued by its Communication and External...
AfDB To Invest $3bn In Africa’s Pharmaceutical Industry
The African Development Bank (AfDB) has said it would invest 3 billion dollars to build Africa’s pharmaceutical industry in the next 10 years.
President of the AfDB, Dr Akinwumi Adesina, said this at a virtual Finance in Common...
U.S. To Increase Africa’s Yearly Development Finance To $6bn
The United States of America (USA) plans to increase its annual development finance to Africa by 20 per cent from about $5 billion to some $6 billion.
Chief Operating Officer, U.S. International Development Finance Corporation (DFC), David...
Africa’s Climate Change Impact Rises To $50bn Annually
The African Development Bank (AfDB) has said the impact of climate change on the continent could rise to $50 billion each year by 2040, with a further three per cent decline each year in gross domestic product...
The AfCFTA -- Can Africa Save Itself?
By Edward Ejike Okpa
Africa is an incredibly rich continent. That richness, however, has not translated into wealth for Africans. Africa’s oil and gas and gold and diamonds and copper and cobalt have made Africa a target for stronger...
