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How Akinwumi Adesina got re-elected as AfDB’s President

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African Development Bank loans Nigeria almost $300m

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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 …

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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 …

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