AfDB calls for more funding to spur Africa's development

Africa Development Bank President Adesina Akinwumi. PHOTO | SALATON NJAU | NMG

The African Development Bank (AfDB) has called for increased funding to help accelerate development in Africa.

AfDB president Akinwumi Adesina said the bank is leading African Union in mobilizing domestic resources required to execute the bank's five developmental priorities dubbed the "High 5s," noting that financing gap to meet these needs are huge, some as large as 162 billion U.S. dollars a year.

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