Donor countries to invest $9bn in AfDB
Friday, February 01, 2008
The commitment was given by the donor countries at a recent meeting of Africa's development partners in London to become yet another significant event in the history of aid relations between Africa and its partners.
At the talks, representatives of donor countries, meeting with officials from Africa and some international development institutions, agreed to a record level of support for the African Development Fund (ADF) - the investment arm of the African Development Bank Group. A statement issued on Monday by the African Development Bank noted that the resource package represented a new record in contributions to the fund. In 1975, when the first replenishment was approved, the fund's three-year allocation was under US$ 500 million.
Figures released by the country’s electoral management body have shown that a total of 1, 037, 684 people have registered to vote.However, eligible voters could be discouraged by events leading to the voting day like poor execution of advance voting amid talks that the elections could be unfair.There have also been threats by certain opposition politicians that shall the elections not be free and fair, they will halt them.Despite these...