AfDB attracted $78.8b investments to Africa, says Adesina

President, African Development Bank (AfDB), Dr. Akinwunmi Adesina has said the bank attracted $78.8 billion investments into Africa in two years.

Adesina said this during his inauguration for a second term of five years.

He noted that the continental bank was able to mobilise this investments “through the innovative and groundbreaking Africa Investment Forum in 2018 and 2019”.

He observed that the bank’s impacts were felt in every country it expanded its presence to 44 countries, including across fragile states.

On plans for his second term, Adesina said: “The bank will pay increased attention to supporting Africa with quality health care infrastructure, and building on its comparative advantage in infrastructure.”

The bank’s infrastructure work, he said, “will focus on economic infrastructure, quality physical infrastructure and quality health infrastructure”.

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