uaae

AfDB doubles its commitments, pledges $25 billion to climate finance for 2020-2025

The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said that the Bank would commit at least $25 billion towards climate finance. Speaking at a plenary of the Summit Thursday in the presence of […]

Africa to break neocolonialist shackles of WB-IMF to leverage AfCFTA — Nigeria’s ex-president

African nations must flee from the subtle recolonization tactics being pursued through the “honeyed policy shackles” of the International Monetary Fund, World Bank and the United Nations dogma, according to Nigeria’s former president, Olusegun Obasanjo. Yet, he has also attributed the continent’s rising poverty and underdevelopment to poor leadership, bad governance, and massive corruption by […]

Leaving Africa in China’s hands is “big mistake” – Rome

Antonio Tajani, Italy’s top diplomat, on Sunday slammed China’s influence in Africa arguing that leaving the continent in the hands of China is a mistake. “Taking an interest in Africa is crucial for the future. Leaving Africa in the hands of China is a big mistake for everyone here,” Tajani said at the Munich Security […]