AfDB
How Akinwumi Adesina got re-elected as AfDB’s President
Nigeria’s Akinwumi Adesina has been re-elected as the President of the African Development Bank (AfDB), for another five-year term. The re-election took place electronically during AfDBs’ 2020 Annual Meeting. It was reported Mr. Adesina disclosed his intentions to run as the multilateral bank’s President for a second time yesterday. Mr. Adesina stressed the need for unity …
African Development Bank loans Nigeria almost $300m
The African Development BankAfDB had approved the sum of $288.5 million (£227m) for Nigeria on Friday to help the nation tackle the COVID-19 pandemic and mitigate its impact on people, businesses and strengthen the social protection system. The finance minister warned last month that Nigeria’s economy – Africa’s largest – could shrink by up to …