African Development Bank.
The swearing-in ceremony for the newly re-elected President of the African Development Bank, Akinwumi Adesina has been concluded in Abidjan Cote div’oire. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa to examine Nigeria’s economic prospects and the role of development banks in building resilient economies on the continent.
Following his re-election with a hundred per cent votes Akinwumi Adesina will now serve as President of the African Development Bank for another five years. Amadou Hott, a Governor of the African Development Bank Representing Senegal joins CNBC Africa’s Kenneth Igbomor to discuss what next five years in office will mean for Africa's development.
Updated forecasts from the African Development Bank show that Africa’s growth is expected to rebound to 3 per cent by 2021 from a 3.4 per cent contraction in 2020 in the worst-case-scenario. Hanan Morsy, Director for Macroeconomic Forecasting and Research at the AfDB joins CNBC Africa for more.
The African Development Bank says an additional 49 million Africans could be pushed into extreme poverty by the Covid-19 pandemic and its aftermath. This was in the updated forecast of the Africa Economic Outlook, where they expect Central Africa and West Africa to be the hardest-hit regions. Kayode Akindele, Partner at TIA Capital joins CNBC Africa for more.
The Vice President for Finance and Chief Financial Officer of African Development Bank (AfDB), Swazi Tshabalala says the 125 per cent capital increase by its shareholders will empower the AfDB with a direct lending capacity of 100 billion dollars in the next 10 years. She joins CNBC Africa’s Kenneth Igbomor to discuss this on the side-lines of an extraordinary shareholders’ meeting in Abidjan.
As the world gears up for the African Development Bank's (AfDB) Africa Investment Forum 2019, AfDB President, Akinwumi Adesina says one of the distinct additions to this year's forum is that the African Development Bank will work with all commercial banks across Africa, development finance institutions, global Sovereign Wealth Funds as well as pension funds. On the side-lines of the Hallmarks of Labour event in Lagos, where he won the Emeka Anyaoku Lifetime Achievement award, Dr. Adesina joins CNBC Africa's Christy Cole for more.
In a bid to create a competitive and inclusive agribusiness sector on the continent, the African Development Bank launched the feed Africa strategy in 2016. CNBC Africa's Esther Awoniyi caught up with Jennifer Blanke, AFDB's Vice President for Agriculture, Human and Social Development to discuss the Feed Africa Strategy.
The African Development Bank recently launched the Urban and Municipal Development Fund to scale up interventions in urban development and drive sustainable growth in cities across Africa. CNBC Africa's Esther Awoniyi caught up with Raymund Furrer, Ambassador, and Delegate, Swiss Government for Trade agreements to discuss this and more.
In partnership with the African Development Bank, the Bill and Melinda Gates Foundation has announced the availability of African Development Financial Inclusion facility. CNBC Africa’s Godfrey Mutizwa spoke to the Deputy Director for Payments at the Bill and Melinda Gates Foundation, Konstantin Peric to discuss this and more.