Dr Akinwumi Adesina, president of the African Development Bank , says Africa loses between seven billion dollars and 15 billion dollars annually due to climate change.
“In response, the AfDBank has inaugurated ambitious initiatives to build resilience and adapt to a changing climate. Adesina said this window supports vulnerable countries with crop insurance, land restoration, and climate information services. “The AfDB also facilitated Egypt’s Panda Bond issuance, allowing the country to secure 500 million dollars from Chinese markets.
On Special Drawing Rights , he said the bank was championing the course on the need for Africa to take those SDRs and use them better.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
A former Minister of Education, Dr Oby Ezekwesili, has called for the decentralisation of power from the Federal to the Local Government Areas for speedy development of the country.
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