AfDB shareholders approve $115 capital increase

afdb.jpg

The African Development Bank shareholders from 80 countries have approved $115 billion increase in capital for the continent’s foremost financial institution.
The approval was made at a shareholders meeting in Abidjan.
The capital increase indicates a significant show of confidence by shareholders.
With the approved increase the bank’s will more than double from $93 billion to $208 billion.
The boost in capital ensures that AfDB will continue to maintain a stable AAA rating from top rating agencies.

QuickGetPay.com

⭐ Leave your Comments below to earn ₦2 each for your Comment and Reply.⭐

All comments are legally moderated by our Comment Policy.

 

29 Comments on “AfDB shareholders approve $115 capital increase”

Leave a Comment