African Development Bank announces record capital increase to $208 billion

AfDB President Akinwumi Adesina

The African Development Bank on Thursday announced the largest capital increase in its history, with an almost 125 percent jump from $93 billion to $208 billion.
AfDB President Akinwumi Adesina hailed "a historic day" for the bank and "a day of joy for Africa" at a press conference after the bank's board of governors held an extraordinary meeting in Ivory Coast's economic capital Abidjan.

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