AfDB attracted $78.8b investments to Africa, says Adesina

he African Development Bank attracted $78.8 billion investments into Africa in two years, its President Dr. Akinwunmi Adesina, has said.

In addition, the High5s of the bank , which were developed to accelerate the delivery of the Ten-Year Strategy, Adesina said, “have been implemented with deliberateness, speed and rigour”. Adesina said: “The bank will pay increased attention to supporting Africa with quality health care infrastructure, and building on its comparative advantage in infrastructure.”

He added: “Special attention will be given to regional industrial value chains and the strengthening of financial markets to expand intra-regional trade and competitiveness, and boost the Africa Continental Free Trade Area.” The AfDB chief said the bank would expand partnerships with civil society, academia and knowledge centre of excellence.

In agriculture, the AfDB will support “scaling up technologies to reach tens of millions of farmers and supporting Africa to build competitive agricultural value chains”.

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