It is time for Africa’s green wealth to be properly measured.
The bank said the trade finance facility comprises a Risk Participation Agreement of 50 million euros and a Trade Finance Line of Credit of 20 million euros.
The meeting in Lagos, chaired by Nigeria’s Works Minister Dave Umahi, discussed the project, which is expected to cost $15 billion and deepen regional economic integration.
African Development Bank had invested over $50 billion in quality infrastructure in Africa over the past eight years.
Several key recommendations were made in the communique that will engender a smart and resilient Lagos.
The African Development Fund, AfDB’s concessional window, will provide $6.62 million, while $1.98 million will come from the ADF’s Transition Support Facility.
Onukogu, a Nigerian national, brings over 25 years of expertise in corporate governance and international development cooperation
AfDB has reiterated its commitment to promote mutual reliance on the continent in procurement of diagnostic tools and safeguarding the social environment.
“Africa loses seven to 15 billion dollars a year to climate change.’’
The International Energy Agency (IEA) is convening global leaders for a Summit on Clean Cooking in Africa in Pari.
