Africa: AfDB's High 5 Programmme Impacts 335m People Across Africa-Adesina

The African Development Bank (AfDB) has said the high five programme of the Bank has impacted no fewer than 335 million people and households across African countries.

President of the bank, Dr Akinwumi Adesina, in a statement yesterday, said the AfDB over the past six years had delivered great value to the continent.

Adesina listed the programmes to include Light up and Power Africa, Feed Africa, Industralise Africa, Integrate Africa and Improve the quality of life for the people of Africa.

Outlining some of the achievements of the Bank, Adesina said the AfDB would lend 500 million dollars to women in 2022 and had in 2021, paid out 483 million dollars to financial institutions to lend to women businesses.

"AfDB was ranked by Global Finance as the best multilateral financial institution in the world in 2021.

"When Covid-19 struck, our Board, based on rigorous risk assessments, approved a crisis response facility of up to 10bn dollars.

"We launched a three-billion dollar fight Covid-19 social bond on the global capital markets, the highest ever US dollar-denominated social bond in the world history.

"Our rapid COVID-19 response facility helped towards stabilising African economies, it trained 130,000 health workers, provided social protection for about 30 million vulnerable households.

"Our achievements, exceptional management, good governance systems, and delivery of the Bank cannot be denied or misrepresented, based on externally fabricated lies, distortions, misinformation, and deliberately orchestrated campaign of calumny.

"We will tell our story, we will not be defined by mischief makers, lies and biases.

"We are proudly African and we will continue to make Africa proud as Africa's only AAA-rated financial institution," he said.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.