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Former Malawi Vice President Khumbo Kachali Speaks Out offering solutions to current problems

AfDB Group: The first 50 years

Fifty years ago, on 4 November 1964, Ministers from 23 then independent African States convened in Lagos, Nigeria, for the inaugural meeting of the Board of Governors of the African Development Bank. The young Institution was assigned a dual mandate: the social and economic transformation of Africa, and the economic integration of the Continent.

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