‘Today is a day of joy for Africa’ - African Development Bank celebrates historic capital increase

The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank's 55-year history. Applause rang through the stately auditorium of the Sofitel Abidjan, Hotel Ivoire, around 5.30 in the evening after the decision was announced. “Today is a day of joy for Africa…because the shareholders of the African Development Bank trust the…Bank and have provided this financing,” Bank President Akinwumi Adesina told journalists later at a press conference. […] Read More