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Breaking News | AfDB To Invest $3bn In Africa's Pharmaceutical Industry


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The African Development Bank (AfDB) has said it would invest 3 billion dollars to build Africa’s pharmaceutical industry in the next 10 years.
President of the AfDB, Dr Akinwumi Adesina, said this at a virtual Finance in Common Spring Meeting convened in collaboration with the Association of African Development Finance Institutions (AADFI) and the International Development Finance Club (IDFC) on Tuesday.
The meeting was tagged “Africa’s Green and Resilient Recovery: A Common Objective.”
The AfDB president added that it was also supporting the Africa Center for Disease Control (Africa CDC) with 28 million dollars to strengthen its capacity to tackle the issue of vaccines. ....

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Breaking News | AfDB Wants $5bn Mobilised For AFAWA, Tackling Youth Unemployment In Africa


AfDB
The African Development Bank (AfDB) has called for the support of African public development banks towards the Affirmative Finance Action for Women in Africa (AFAWA) as well as tackling youth unemployment on the continent. President of the AfDB, Dr Akinwumi Adesina made the call, on Tuesday, at the virtual Finance in Common Spring meeting.
The meeting was convened in collaboration with the Association of African Development Finance Institutions (AADFI) and the International Development Finance Club (IDFC).
Adesina said AFAWA was an initiative to mobilise five billion US dollars in new financing in support of women businesses in Africa.
“As of today, we are working with 24 financial institutions in 15 countries and expect to expand that rapidly by 2022.” ....

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Financing in common a sustainable and resilient African economy


Financing in common a sustainable and resilient African economy
Dettagli
Following the Finance In Common Summit held in November 2020 and in preparation for the Summit on Financing African Economies to be convened by President Emmanuel Macron on 18 May, the African Development Bank, the African Public Development Banks in collaboration with the
Association of African Development Finance Institutions (AADFI) and the International Development Finance Club (IDFC), hosted the Finance in Common Spring Meeting, dedicated to “Africa’s green and resilient recovery: a common objective”.
The summit aimed to devise joint actions to help boost a strong and inclusive recovery in Africa, grounded in a dynamic private sector. In their introductory speeches, Dr Akinwumi Adesina, President of the African Development Bank and Rémy Rioux, President of the Agence Française de Développement invited all Public Development Banks (PDBs) to create a resi ....

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