AfDB expresses strong support for African Union (AU) Peace Fund revitalization

The African Development Bank has expressed strong support for revitalizing the African Union (AU) Peace Fund, pledging to continue implementing innovative strategies to address fragility and build resilience across the continent. Mrs. Marie-Laure Akin-Olugbade, the Bank’s Vice President for Regional Development, Integration, and Business Delivery, said this during a high-level meeting on Saturday aimed at…

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AfDB’s Akinwumi Adesina briefs African leaders on Bank’s progress

The president of the African Development Bank Group, Dr. Akinwumi Adesina, has outlined the Bank’s successes in mobilizing financial resources for the continent’s development needs at the African Union. Addressing heads of state and government at the 6th Mid-Year Coordination Meeting of the AU in Accra, Ghana, Adesina highlighted the Bank’s recent general capital increase from $201…

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ITU Ranks Nigeria High in Digital Transformation Readiness

Nigeria has been ranked high on the advanced state of readiness for digital transformation known as ‘G5’. According to a new report from the International Telecommunication Union (ITU), Nigeria ranks high at 71 percent in comparative legal, policy, and governance frameworks towards G5, with Germany, Finland, and Singapore leading the global chart. The report prepared…

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