A Trusted Nigerian Newspaper
African Development Bank President Dr. Akinwunmi Adesina unveiled two landmark programmes totaling US$6 billion at the Bank’s Annual Meetings in Abidjan on Thursday. The first is a US$3 billion initiative to upgrade health infrastructure across Africa, and the second is a parallel US$3 billion drive to bolster the continent’s capacity for local pharmaceutical manufacturing.
Turning to agriculture, the AfDB president touted the Bank’s decade-long efforts to strengthen food security on the continent. “In ten years, our work allowed 104 million Africans to achieve food security as well as provide 13 million farmers with access to improved agricultural technologies,” he noted. He recalled the global concerns over African food shortages after Russia’s invasion of Ukraine and credited the AfDB’s US$1.5 billion emergency food production facility for averting a crisis.
Dr. Adesina also hailed last year’s Feed Africa Summit in Dakar, where over 30 African heads of state signed Food and Agriculture Delivery Compacts to accelerate domestic production. “Seventy-two billion dollars was mobilised globally for Africa’s food security,” he said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AfDB: Africa’s leap depends on delivery — and the right builder, By Ololade BamideleUltimately, AfDB must rise above performative multilateralism and rediscover its purpose: To serve as Africa’s lead development financier.
Read more »
Africa needs an AfDB president who is ready to deliver – promptly!, By Oyebanji OgundereThe next AfDB president must be a constructor of systems – not slogans. A leader who understands that job creation isn’t a press release.
Read more »
‘I gave Africa my heart’ -- Akinwumi Adesina speaks on 10-year stewardship as AfDB bossAkinwumi Adesina, president of the African Development Bank (AfDB) Group, says the lender has disbursed $59 billion loan to African financial institutions in the last ten years.
Read more »
PFL Africa Debuts in Cape Town, Marking Expansion of MMA on the ContinentThe Professional Fighters League (PFL) Africa launches on July 26th in Cape Town, South Africa, featuring the first-round matchups of the 2025 PFL Africa Tournament. The event will showcase both PFL Africa tournament bouts and five PFL Champions Series: Road to Dubai contests, headlined by Johnny Eblen versus Costello van Steenis and Dakota Ditcheva against Sumiko Inaba. Francis Ngannou will serve as Chairman of PFL Africa, and strategic partners like Helios Sports & Entertainment Group and distribution partnerships with Canal+ and SuperSport aim to expand the league's reach across Africa.
Read more »
New Africa BRICS members decry preferential treatment for South AfricaEgypt and Ethiopia blocked a BRICS declaration backing South Africa for a United Nations Security Council seat.
Read more »
High Stream Moving; A trusted partner for Canadian government institutionsHigh Stream Moving is a Canadian/USA service founded in 2015 by Andrey Struts. Initially a small family startup that focused on moving pianos and operated in a small area, nowadays it is an international company that offers reliable cross-border transportation services. Over the years, highstreammoving.
Read more »