The Board of Governors of the African Development Bank (AfDB) Group, has approved a capital increase of 117 billion dollars to further support Nigeria and other countries on the continent.
The AfDB President, Dr Akinwumi Adesina, said this at the closing of the 2024 Annual Meetings of the bank in Nairobi.
“So the Board of Governors of the AfDB approved a general callable capital increase for the bank for 117 billion dollars.
“This is a major demonstration of the faith of our shareholders’ confidence in us. They have confidence in our ability to use resources well.
