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Wed, May

adesina

  • The package consists of a $32 million line of credit from the African Development Bank and an additional $8 million in parallel financing from the Africa Growing Together Fund (AGTF)

    The Board of Directors of the African Development Bank on 15 April approved a $40 million financial package to support Angola’s Banco Millennium Atlântico (BMA) to bolster local production and job creation through its portfolio of small and medium-sized enterprises.

  • While China is home to 7,000 pharmaceutical companies, and India 11,000, Africa by contrast has only 375, even though its population is roughly equal to half of the combined population of both Asian giants.

    African Development Bank Group President Akinwumi Adesina says an accelerated global health and economic effort is needed to overcome the COVID-19 pandemic in Africa.

  • The African Development Bank estimates that Covid-19 could cost Africa a GDP loss between $22.1 billion and $88.3 billion in the worst case scenario

    These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic. And it seems almost no nation is spared. As infection rates rise, so does panic across financial markets, as economies drastically slow down and supply chains are severely disrupted. 

  • The following is the full statement by the President of the African Development Bank, Dr. Akinwumi A. Adesina, delivered at the Annual Meetings of the Bank in Malabo, Equatorial Guinea, on June 12, 2019.

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