COVID-19 crisis is pushing us to refocus priorities, says Bank Vice President Quaynor in Global Infrastructure Forum event on infrastructure project preparation
“Never waste a crisis, advised VP Quaynor. “One of the potential positive impacts of this crisis is it’s pushing all of us to really focus priorities. And also make sure that we build quality infrastructure that maximizes the positive impacts to the economy and we also build it to withstand natural disasters, pandemics and epidemics going forward.”
The African Development Bank's Vice President for the Private Sector, Infrastructure and Industrialisation, Solomon Quaynor says limited government resources for public infrastructure, retreating investors and the emergence of new types of infrastructure to be prioritised are some of the three major impacts the global pandemic on infrastructure development. He discussed these and more with CNBC Africa's Kenneth Igbomor.
The African Development Bank plans to commit $25 billion in climate financing by 2025. The multilateral development bank hosted the launch of the Global Centre on Adaptation in Abidjan.
The realities brought about by the COVID-19 pandemic means, Africa has to re-strategize to meet its development needs. As the African Development Bank enters a new chapter with the re-election and swearing-in of Dr Akinwunmi Adesina, Martin Fregene, AfDB’s Director for Agriculture and Agro-Industry joins CNBC Africa to discuss what this means for the bank’s agriculture strategy for Africa.
The swearing-in ceremony for the newly re-elected President of the African Development Bank, Akinwumi Adesina has been concluded in Abidjan Cote div’oire. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa to examine Nigeria’s economic prospects and the role of development banks in building resilient economies on the continent.
Following the re-election of Dr Akinwumi Adesina as the President of the African Development Bank, he has emphasised that his second administration will build on the strong foundations of success in the past five years. Ambassador Harold Doley, First-ever United States Representative to the AfDB joins CNBC Africa’s Kenneth Igbomor to discuss what Adesina’s re-election means for AFDB’s future.
Following his re-election with a hundred per cent votes Akinwumi Adesina will now serve as President of the African Development Bank for another five years. Amadou Hott, a Governor of the African Development Bank Representing Senegal joins CNBC Africa’s Kenneth Igbomor to discuss what next five years in office will mean for Africa's development.
One of the expected outcomes of the African Continental Free Trade Agreement is to integrate African economies and therefore create a regional economic bloc of about $3.4 trillion. Moono Mupotola, Director for Regional Integration at the African Development Bank joins CNBC Africa’s Kenneth Igbomor to discuss how Africa can integrate its markets to take full advantage of the AfCFTA in post-COVID-19.