The Board of Directors of the African Development Fund has approved a $5.6 million grant in additional funding for Mozambique’s Post Cyclone Idai and Kenneth Emergency Recovery and Resilience Program. This additional funding is under the Bank’s African Emergency Food Production Facility aims to build the resilience of Mozambique’s food systems in response to the current global food crisis, worsened… Read More

The African Development Bank Group and the Secretariat of the African Continental Free Trade Area (AfCFTA) have signed a Protocol of Agreement for an $11.24 million support package to enhance the Secretariat’s effective implementation. The signing took place on 25 July 2022, on the margins of the ninth meeting of the AfCFTA Council of Ministers responsible for trade, held in… Read More

The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a grant of $2 million to boost food production in Sierra Leone. The program falls under the African Development Bank Group’s $1.5 billion African Emergency Food Production Facility, a response to the global food crisis that resulted from the Russia-Ukraine… Read More

Every day, in Baguinéda, a small rural town in Kati Circle in the Koulikoro region of southern Mali, Tenin Traoré sells her biscuits on a sidewalk corner. Baguinéda  town has 32 villages and nearly 60,000 inhabitants. At 40 years old, married and with 12 children, Tenin describes herself as “a working housewife”. Taking care of twelve children is not an… Read More

Creating fiscal space for development finance and stepping up regional infrastructure projects will be vital to Africa’s road to achieving net zero, African Development Bank Director General for Southern Africa Leila Mokaddem told participants at the OPEC Fund’s inaugural Development Forum. “We need to rethink the way we finance development. We need to put more resources into institutions like the… Read More