AfDB eyes peace bonds to address insecurity
Countries experiencing conflicts are less attractive to domestic and foreign investors and unlikely to participate in international capital markets.
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Countries experiencing conflicts are less attractive to domestic and foreign investors and unlikely to participate in international capital markets.
On how Africa could improve its position in the global value chain, Adesina expressed sadness about the continent’s constant position at the bottom of the value chain.
Fundraising efforts have drawn tentative pledges from Spain, Sweden and the AfDB, raising hopes.
On 19th May 2023, Ministerial Steering Committee of the Abidjan-Lagos Corridor Highway Development Project held its 19th meeting to take decisions on expediting the completion of technical studies, securing of lands for the right of way, financing the construction of the highway project and the operationalization of the Abidjan-Lagos Corridor Management Authority (ALCoMA).
Programmes supported by the African Development Bank (AfDB) in more than 30 African countries have helped produce some $12bn (R225bn) worth of food, and the bank’s $25bn (R468.85bn) objective is "well on track", AfDB president Akinwumi Adesina said on Friday.