AfDB discloses energy transition cost for Africa

AfDB discloses energy transition cost for Africa

BAKU, Azerbaijan, March 28. Africa’s energy transition is such a huge task and it will cost an estimated $100 billion a year between 2020 and 2040, Akinwumi Adesina, President of the African Development Bank, said, addressing the 9th Berlin Energy Transition Dialogue, Trend reports. “Africa is completely energy deficient. The continent accounts for only 6 … Read more

Africa’s Digital Economy Will Rise to $712bn By 2050 – AfDB

The president, African Development Bank Group (AfDB), Dr Akinwumi A. Adesina, has said the size of Africa’s digital economy will rise from $115 billion today to $712 billion by 2050. He said this Tuesday at the official launch of the Investment in Digital and Creative Enterprises (I-DICE) by Vice President Yemi Osinbajo at the State … Read more

Africa: Why’s the AfDB Siding With the Agrochemical Industrial Complex?

Against the wishes of hundreds of millions of farmers, the bank is backing a model that can push economic dependence, soil depletion and pollution. After the largest food price spike in recent decades, 2022 was dubbed the “year of unprecedented hunger”. Africa was once again at the forefront of the catastrophe, with hundreds of millions … Read more