Akinwumi Adesina re-elected as AfDB’s President

AfDB partners DFID to unveil $80m infrastructure financing for Africa, ADB launches $3 billion “Fight COVID-19” Social Bond, US calls for an independent probe of AfDB president, Akinwumi Adesina, AfDB board denies asking Adesina to step down as Obasanjo says the bank risks being hijacked

The re-election took place electronically during AfDBs’ 2020 Annual Meeting.

Its was reported that 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 to enable the continent to pull together and stay focused on the goal of fighting the effect of the pandemic on Africa’s economy. According to him, “pulling together has always been the strength of the African Development Bank.”

He said that Africa has lost a decade’s worth of economic growth due to the pandemic and that despite Africa’s recovery being long, the need for unity would be needed now more than ever in the AfDB.

“Now we must help Africa to build back, boldly, but smartly, paying greater attention to quality growth: health, climate, and the environment,” he added.

He also disclosed that the bank’ Board of Directors were able to launch support schemes to cushion the effects of the pandemic. “

“The Bank launched a $10 billion COVID-19 Response Facility to support African countries. We launched a $3 billion social bond on the global market – the largest US dollar-denominated social bond ever in world history.”

Adesina recalled that his current five-year term as head of the African Development Bank Group was marked by the implementation of five strategic priorities for the continent’s development, known as the “High 5s.”

Adesina said his first term as President of the Bank saw the implementation of the five stratregic goals for Africa’s development, called the “High 5s”.

“Five years ago, right here in Abidjan, you elected me president of the African Development Bank. It was a huge responsibility to shoulder. I promised that I would work tirelessly to accelerate Africa’s development. My vision, focused on the High 5 priorities, was my commitment, my promise, my compass,” he said.

Adesina said the impact of his five years as President has enabled 18 million Africans have access to electricity, 141 million people have benefitted from improved agricultural technologies for food security. 15 million people have access to finance, 101 million people have access to improved transport and 60 million people have gained access to water and sanitation.

Comments

Boko Haram throws Maiduguri into darkness again, blows up power tower.

Barely 72 hours after electric power was restored in Maiduguri, Borno State, Boko Haram insurgents on Saturday, March 27, blew up another transmission tower in the city. Premium Times reports that the insurgents planted explosives on each leg of the tower, which they detonated at about 6 a.m. In January, the terrorists struck power installations thrice at a location about 50km from Maiduguri to keep the city in the dark. The power, was however, restored on Wednesday, March 24, after nearly two months of blackout. While reconnecting the installation, three TCN officials were severely injured by a landmine planted by the insurgents. Another official was said to have lost his life after falling off a tower. The city has now been thrown into another darkness following the Saturday morning attack.

Billionaire Game of Thrones games tycoon and Netflix producer, Lin Qi, dies at 39 after allegedly being poisoned by a co-worker amid fights among his company's executives'

Lin Qi, chairman and CEO of the Chinese entertainment company Yoozoo Group and a producer on Netflix's upcoming series The Three-Body Problem , has died after he was allegedly poisoned by a co-worker amid fights among his company's executives' His company, Yoozoo Group confirmed that Lin died on Christmas Day after having been hospitalized about a week earlier. He was 39. Police in Shanghai are currently investigating his death, and have reportedly arrested a suspect only named Xu, who Chinese media outlets have identified as Lin's colleague at Yoozoo, Xu Yao. Local reports also allege that a dispute among Yoozoo executives led to Lin's death after he was allegdlly poisoned via aged pu’er tea. The China Economic Weekly, a magazine with ties to the People’s Daily, mouthpiece of the ruling Communist Party, said that Xu is suspected of having poisoned Lin due to “work disputes” that resulted in the former’s salary being cut. He may have adminis...

Emir of rano is sick but not related to Coronavirus- officials

Officials of the Rano Emirate Council in Kano State has confirmed that the Emir of Rano, Dr Tafida Abubakar Ila II, is sick but not related to covid-19. This was coming as reports making rounds in the state says the Emir is hospitalized over suspected case of covid-19. The officials on the Emirates official twitter handle said the Emir is fast recuperating on his sickbed. According to the tweet, “we are informing the general public that there is a report going round on social media on the sickness of His Royal Highness, the Emir of Rano. “No doubt that His Royal Highness is sick but glory be to Allah. At the moment he is recuperating and the sickness is not related to covid-19 as reported in some quarters. “Initially and some months back, he visited to see his medical doctor for a medical checkup and so he came down sick with the commencement of the Ramadan fasting as someone who loves his religion. “And by the grace of God in a short while, we would release his audio voice the moment ...

Laie.Tv

Search This Blog