• Privacy Policy
  • Terms
  • About us
  • Contact Us
Monday, May 16, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • 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

Osinbajo advocates African plan on energy transition

Buhari’s war against money laundering, financial crimes peaks

Stakeholders seek political will to revive textile sector

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.

ALSO READ  Nigeria loses $157b to illicit financial flow

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.

ALSO READ  CBN’s threat to smugglers garners support

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.

ALSO READ  AfDB, Microsoft in deal on digital training

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 emerges Africa biggest energy sector
Economy

Osinbajo advocates African plan on energy transition

May 13, 2022
Nigeria gets petroleum law to edge out 50 years archaic laws
News

Buhari’s war against money laundering, financial crimes peaks

May 13, 2022
25 textile clusters get a boost through SMEDAN
Economy

Stakeholders seek political will to revive textile sector

May 12, 2022
Nigeria floats $4bn Eurobonds
Economy

DMO lists N225bn FGN bond for subscription by auction

May 12, 2022
Price of bread to be reviewed upwards again
Economy

Cost of bread beyond reach of many Africans – AfDB

May 12, 2022
Buhari meets with governors of APC
News

Buhari gives resignation deadline to political office holders seeking to contest elections

May 11, 2022
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

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Nigeria regains top crude oil production spot in Africa

US oil reserve slips over years

January 19, 2022
Police nab 233 officers for graft

Police nab 93 kidnappers, recover arms

May 17, 2019
South East rail in progress, Amaechi assures Igbo

South East rail in progress, Amaechi assures Igbo

November 28, 2018

Popular Stories

  • 79 candidates for presidential election

    INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • IMF’s reasons for Nigeria’s economic recovery

    0 shares
    Share 0 Tweet 0
  • Missing fighter jet found dead

    0 shares
    Share 0 Tweet 0
  • PawaPlus launches app to make access to electricity easy

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Osinbajo advocates African plan on energy transition
  • Buhari’s war against money laundering, financial crimes peaks
  • Stakeholders seek political will to revive textile sector

Categories

  • Agriculture
  • Business
  • Culture
  • Economy
  • Economy
  • Entertainment
  • Features
  • Finance, Money
  • Foreign
  • Health
  • Lifestyle
  • Multimedia
  • News
  • Oil, Gas
  • Opinion
  • Photo
  • Politics
  • Politics/Social
  • Religion
  • Security
  • Special News
  • Sports
  • Tech
  • Thematterspress
  • Trade, Industry, Technology
  • Travel
  • Uncategorized
  • Video
  • World

© 2022 Domo Tech World - Powered by Thematterspress.

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

© 2022 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
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?