AfDB supports African projects with $11.3bn in seven years

AfDB supports African projects with $11.3bn in seven years

About 370 transformative bank projects valued at $11.3bn were embarked upon between 2010 and 2017 by the African Development Bank in the African region.
In 2018, the bank approved innovative financial instruments on 65 projects in fifteen countries valued at $2.8bn.
This was disclosed when governors representing the African Development Bank West Africa region held consultative meetings with the institution’s president and senior management in Abidjan on Monday.
While taking stock of the bank’s accelerated engagement in the region, the bank said the projects were changing lives and making a difference in the region.
The President, AfDB, Akinwumi Adesina, in his opening remarks, said, “Our ultimate goal is to ensure that the governors are much closer to the bank, and that you are integrally involved in the wider vision and direction, particularly as it pertains to the challenges and needs of your respective regions.

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The governors, who were finance or economic planning ministers in their respective countries, were taken through the bank’s interventions and lendings over the past year in presentations by senior management.
Source: Punch Newspaper