• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Foreign

Adesina, AfDB’s boss gets reward for uplifting people

The Matters Press by The Matters Press
June 3, 2019
Reading Time: 2 mins read
0
Egypt’s economic strides excite AfDB

Akinwunmi Adesina. AfDB's President

Akinwunmi Adesina. AfDB’s President

As a reward for his dedication to lifting millions of people out of poverty, Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) would on Tuesday, receive the Honorary Degree in Science at the University of Alberta, Edmonton in Canada.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

He will be one of the recipients at the graduation ceremony holding at the Northern Alberta Jubilee Auditorium, 11455 87 Ave NW, Edmonton, AB T6G 2T2.

For more than 30 years, Adesina has implemented policies to increase investment in agriculture and give millions of farmers’ access to financing and credit, improved seeds, and fertilizers.

Since assuming office in 2015 as President of the African Development Bank—the premier development finance institution in Africa— Adesina has made a significant impact.

The Bank has won international recognition for its transparent and effective governance and programs that advance the UN’s Strategic Development Goals.

Between 2015 and 2018, the Bank achieved huge developmental results; 16 million people gained access to new or improved electricity; and 70 million people gained access to improved agricultural technologies.

Also 9 million people benefitted from private sector investment projects; 55 million people gained access to better transport services; and 31 million people benefitted from improved access to water and sanitation.

President Adesina also launched key initiatives aimed at unleashing African women’s potential.

The Affirmative Finance Action for Women in Africa (AFAWA) is a pan-African initiative to bridge the $42 billion financing gap facing women in Africa.

It aims to drastically transform the banking and financial landscape in Africa and creating incentives for lending to women in business.

Adesina has also helped change the perception of business in Africa, by promoting de-risked development projects seeking funding from private investors.

Canada, a member of the African Development Bank since January 1983, is the fourth largest shareholder among the Bank’s non-regional member countries.

It provided temporary callable capital in 2010 while negotiations about the Bank’s capital increase from USD33 billion to 99 billion were ongoing.

That decision enabled the Bank to continue to provide financial support to regional member countries in the aftermath of the international financial crisis.

More recently, Canada announced a similar commitment to the tune of $1.1 billion in temporary callable capital to support the African Development Bank.

Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for Women and Gender Equality on 12 April 2019 on the sidelines of the World Bank-IMF Spring meetings.

Tags: AdesinaAfDB
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Governor moves against bandits, death penalty for informants

Governor moves against bandits, death penalty for informants

NEXIM moves to promote Nigeria’s trade

Recommended Stories

NBS reports increase in Inflation

Inflation, unemployment worry political parties

July 25, 2022
Nigeria regains top crude oil production spot in Africa

June 24, 2022
Opara emerges 22nd President of CIBN

CIBN, LBS launch dual qualification programmes for financial services professionals

November 3, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us