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AfDB Board of Directors approves borrowing programme for 2021

African Development Bank says World Bank chief’s criticism ‘misleading’

The African Development Bank on Thursday pushed back against World Bank President David Malpass’ comments that it and similar regional development banks were contributing to emerging market debt problems, saying that his criticism was “misleading and inaccurate.” Malpass said at a World Bank IMF debt forum on Monday that the African Development Bank was “pushing
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40m farmers hail AfDB’s boss, Adesina over re-election, inauguration

Agriculture will produce future billionaires in Nigeria, Africa — Adesina

By Shina Abubakar, Osogbo   The President of Africa Development Bank (ADB) Adewumi Adesina has disclosed that, if properly nurtured, the agricultural sector would be producing the next generation billionaires in Nigeria and the rest of Africa.   He also described that one of the important areas ripe for entrepreneurship is the agricultural sector,  stressing
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Nigerian system not federalism but fatherism ― Dr Akinwumi Adesina

DEVELOPMENT: Adesina’s full interview

In this interview with some Nigeria journalists on the sidelines of the just-ended World Bank/International Monetary Fund Annual Meetings in Washington DC, the President of the African Development Bank, Dr Akinwumi Adesina, shares his vision for Africa, and some interventions by the bank to prepare the continent and its people for the digital future. Harrison Arubu was there for the News Agency of Nigeria. Excerpts:

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Developing Asia’s growth prospects dim amid U.S.-China trade conflict

Escalating trade tensions between China and the U.S. have dampened prospects for developing Asia, with the region’s economy expected to grow slower than predicted this year and in 2020, the Asian Development Bank (ADB) said on Wednesday. The Manila-based ADB scaled down its forecast for economic growth in developing Asia, which includes 45 countries in
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