• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, October 3, 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 Economy/Technology

AfDB to develop Index Bond to address insecurity in Africa

AfDB

The Matters Press by The Matters Press
May 30, 2022
Reading Time: 2 mins read
0
Nigeria’s N225bn bonds oversubscribed

The African Development Bank (AfDB) Group says it has obtained approval from its Board of Governors to develop a Security Index Investment Bond to address insecurity in Africa.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Dr Akinwumi Adesina, the President of the AfDB Group, said this at a news conference to wrap up the 2022 Annual Meetings of the Bank in Accra, Ghana.

Adesina said security was an issue in the continent, noting that development thrived in a secured continent.

He said that the meetings discussed the support for the private sector which he said the Bank was actively involved in with the private sector equity investments.

”Development can only happen when we have security.

”Security is now part of our thinking in the AfDB because we will support the countries to address security.

”There must be a link between security, investment, growth and development,” he said.

He said the Bank’s meetings also focused on the debt management for Africa.

“We must have sustainable, transparent debt in Africa by ensuring that the private and commercial debt of Africa is fair.

”AfDB should do more on agriculture.

”In the meetings, we talked of the African Development Fund (ADF).

”As you know, the ADF is 50, nine out of 10 most vulnerable countries of climate change are in Africa, 100 per cent of them are ADF countries.

”There was a very strong support for the ADF to use the equities that it has accumulated to be able to go to the global capital markets to generate money.

”We believe that if it goes to the market, we can raise 33 billion dollars for the countries,” Adesina said.

The President noted that the Bank got strong support to develop Africa Financial Stability Mechanism to protect the continent from economic shocks.

He said the Bank would also focus on debt management adding that the continent must have transparent, sustainable debts.

Adesina said the Bank would work with the World Bank, International Monetary Fund (IMF) and the G-20 common framework to ensure that private and commercial debts of Africa were well dealt with.

”I presented to the Board of Governors what my visions are in the next 10 years and the plan was unanimously endorsed,” Adesina said.

Egypt will host the next Annual Meetings of the Bank from May 22 to 26, 2023.

Mr Tarel Amer, the Governor, Central Bank of Arab Republic of Egypt, was appointed the new Chairperson of the AfDB’s Board of Governors.

Tags: Bond
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Consumer commission, CBN, EFCC investigate violations in money lending

CBN urges banks to support indigenous companies

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

Green, bonds to contribute to Africa’s sustainable economy - World Bank

Recommended Stories

China’s trade surplus with U.S dips

Tinubu economic policies, driving exports, boosting trade surplus – TMV

March 14, 2025
Tinubu denies manipulating NASS

Tinubu directs NEC to work on palliatives

June 7, 2023
China’s trade surplus with U.S dips

Free trade takes off, but is Africa ready?

May 30, 2019

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

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-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