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AfDB lauded for 2020 African Economic Outlook

The African Development Bank’s (AfDB) Economic Outlook 2020 for the continent had been lauded for being an effective blueprint for addressing the continent’s human capacity gap. The bank’s Communications and External Relations Department made this known in a statement on Friday. The bank was praised at the 33rd African Union Summit in Addis Ababa. According
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Africa’s current debts stand at $500bn – AfDB

The African Development Bank (AfDB) says the total debt stock of Africa, both external and domestic currently stands at 500 billion dollars. The AfDB President, Dr Akinwumi Adesina disclosed this during a public presentation of African Economic Outlook 2020 in Abidjan on Thursday. He said Median Debt to Gross Domestic Product (GDP) had risen from
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AfDB,

AfDB’s investment lending increases to $2bn in 10 years ― Official

The African Development Bank (AfDB) Group says its annual private sector investment lending has increased from about 300 million dollars to two billion dollars in ten years. The bank’s Communication and External Relations Department made this known in a statement on Monday. According to the bank’s Senior Vice President, Charles Boamah,  the development represents the
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Akinwumi Adesina, AfDB, Buhari, Pension funds, Infrastructure

AfDB backs spending of Pension funds on infrastructure

Says with $1.8tn pension/sovereign funds Africa has no business borrowing abroad Puts continent’s infrastructure gap at $108bn By Johnbosco Agbakwuru President of the African Development Bank, AfDB, Dr. Akinwunmi Adesina, yesterday gave his support for Nigeria to spend pension fund on infrastructure. Adesina said with the continent’s $1.8trillion pension and sovereign wealth assets, it has
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