Consider this - between 2012-14, about four million Africans benefitted from new or improved access to water and sanitation, 11 million Africans were provided with new electricity connections, about ten million Africans reaped benefits from improvements in agriculture, and about 49 million and 19 million Africans benefitted from better health services and improved transportation respectively.
These happy statistics are a result of the policies and labour of an institution that now stands at the centre of Africa’s transformation - the African Development Bank Group, which comprises of three component parts: the African Development Bank, the African Development Fund and the Nigeria Trust Fund.
The keystone of the Group, however, is the African Development Bank. Headquartered in Abidjan, Cote d’lvoire, the Bank was established in 1964, as a multilateral development finance institution to fight poverty and promote sustainable economic growth and social progress in Africa.
In a conversation with The Times of Africa, Mr. Akinwumi Ayodeji ADESINA, the eighth President of the African Development Bank, highlights the significance of the High 5s, his comparative analysis of the financial situation in the 54 nations of the African continent and why agriculture as a business model has the potential to create the next generation of millionaires in Africa.
Sir, what are the ‘High 5s’ of the African Development Bank?
High 5s are the priority sector areas aligned with and building on the 2013-2022 strategy that sets out two primary objectives of promoting inclusive growth and a gradual transition to green growth. The priority sector areas include: Lighting up and powering Africa, Feeding Africa, Industrializing Africa, Integrating Africa and Improving the quality of life for the people of Africa.
You have worked and lived extensively in about 15 African nations, cutting across West, East and Southern Africa. If you were to comparatively analyse the situation of financial inclusion in these nations, which country do you think needs the most assistance?
Bu hikaye The Times Of Africa dergisinin May 2017 sayısından alınmıştır.
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Bu hikaye The Times Of Africa dergisinin May 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Furniture - A Growth Oriented Industry
Africa constitutes 16.36% of the total world population and contributes 3% to the world Gross Domestic Product (GDP). Africa is a huge pool of population, which is projected to expand and grow rapidly. By 2050, 2.4 billion more people are expected on the planet out of which 1.3 billion are expected to be born in Africa. The majority of the world’s population growth is expected to take place in Africa. It is said that where there is population, there are enormous opportunities. Business opportunities is one the aspect of this broad spectrum of opportunities.
The Stunning Rise of Vernon Philander
“There is only one thing that makes a dream impossible to achieve: the fear of failure.”
An Amalgamation
The Conclave has become a prestigious event for Indian and African governments and industry to meet and explore new avenues of partnerships. The annual gathering enables the Indian and African leadership to take stock of the progress of the partnership and address future needs in this regard.
Ethiopia
A Landlocked Spectacle.
Student Housing, A Virgin Market
Ever got fascinated by a rich man passing by? His expensive suit, charming wrist watch, expensive mobile phone, utter royal grace.
The End Marks A New Beginning...
“what africa does with agriculture is not only important for africa: it will shape the future of food in the world.” – akinwumi adesina, President of the african development Bank.
A Pristine Paradise
It is a place immortalised by various animated Disney movies – clean blue water oozing freshness, calm cool breeze soothing your soul, natural sceneries with colours in their purest form, and lemurs, with their wide, reflective and even eerie eyes. An abode on the wish list of every globetrotters’ itinerary – it is unlike a place you have ever been. It is Madagascar!
Leading The Industry With Innovation
Interview with Mr. Abbad Reda, Chief Information Officer of MTN Ghana
Make Way For Germany
Africa has traditionally been a market where the Chinese and the Indians have flourished. While India’s trade with Africa increased from $25 billion in 2006 to about $70 billion in 2016, China continues to remain Africa’s biggest trading partner.
Egypt , a Dream in the Desert
The Arab republic of Egypt, a democratic republic, commonly known as Egypt's is a silent beauty. This nation is one of its kind. Its beauty lies in its culture and heritage. Egypt may not have many natural attractions but man has surely made its mark by building one of the most unique structures that is; the pyramids.It is mostly comprised of desert area. Trees, forests,and tropical areas are rare here. It can get as unique as possible; it is situated on the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Hence it is called a transcontinental country.
