Tag: development finance
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Africa Eyes Diaspora Funds to Close US$1.3 Trillion Development Gap
New research reveals Africa's diaspora communities could hold the key to solving the continent's massive infrastructure and development financing challenges.
The 2025 African Economic Outlook...
AFC Urges Redirecting Africa’s US$150bn Sovereign Funds to Infrastructure
Africa’s sovereign wealth funds (SWFs), valued at over $150 billion, remain underutilized for critical infrastructure despite a $100 billion annual financing gap, according to...
AFC Urges African Nations to Leverage US$95bn Remittances for Development
Africa’s $95 billion in annual remittance flows represent a vastly underutilized resource for infrastructure investment and economic development, according to the Africa Finance Corporation’s...
AfDB’s Iconic Bow Tie Era Ends as Adesina Departs
For a decade, the African Development Bank’s leadership was defined by a signature sartorial flourish: the meticulously knotted bow tie of outgoing President Dr....
Adesina Concludes Tenure as AfDB President After Decade of Strategic Reforms
Dr. Akinwumi Adesina will step down as President of the African Development Bank (AfDB) on May 29, 2025, following a decade marked by institutional...
