Egypt: the African Development Bank approves a loan of over $27 million to establish Kom Ombo solar power plant

The African Development Bank’s Board of Directors today approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile.   The project is expected to lower electricity costs for businesses and residences, as well as reducing greenhouse gas emissions and creating construction and other jobs.   The project’s total cost is estimated at $156.4 million. In addition to the Bank’s financing, structured as a senior loan, the European Bank for Reconstruction and…

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Africa Investments 

Solar technology helps women farmers in Tanzania cut post-harvest losses

Women farmers in Tanzania have harnessed solar technology to reduce post-harvest losses, enhancing food security, panelists learned at an African Development Bank event held February to launch its Gender and Energy brief on the status of gender mainstreaming in Tanzania’s energy sector. The brief aims to provide recommendations that will inform policymaking by government and other stakeholders. Increasing gender equality in access to energy is expected to create jobs and other opportunities for women in Tanzania’s energy sector. The Bank organized the virtual workshop in cooperation with the Climate Investment…

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Aswan Forum: Put healthcare, including vaccines, at the center of rebuilding Africa back better and more resilient – WHO, African Development Bank,…

Africa must protect itself against future pandemics and other shocks through higher investment in primary healthcare and increased local manufacturing of key medical products, panelists at the Aswan Forum for Sustainable Peace and Development urged on Monday. Egypt hosted the virtual, second edition of the meeting, titled Shaping Africa’s New Normal: Recovering Stronger, Rebuilding Better’. A significant part of the discussion centered on providing access to COVID-19 vaccinations and to healthcare more generally. This is not the first pandemic and it is not going to be the last,” said Egypt’s…

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Aswan Forum: Put healthcare, including vaccines, at the center of rebuilding Africa back better and more resilient – WHO, African Development Bank,…

Africa must protect itself against future pandemics and other shocks through higher investment in primary healthcare and increased local manufacturing of key medical products, panelists at the Aswan Forum for Sustainable Peace and Development urged on Monday. Egypt hosted the virtual, second edition of the meeting, titled Shaping Africa’s New Normal: Recovering Stronger, Rebuilding Better’. A significant part of the discussion centered on providing access to COVID-19 vaccinations and to healthcare more generally. This is not the first pandemic and it is not going to be the last,” said Egypt’s…

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Africa Investments 

Aswan II Forum: African leaders identify security and health challenges to the continent’s recovery

The second edition of the Aswan Forum on peace, security and development opened on Monday, 1 March in Cairo, Egypt, with African leaders identifying insecurity and the burden of debt as the most pressing challenges to the continent’s post-COVID development. The virtual opening session, chaired by Egyptian President Abdel Fattah al-Sisi, was on the subject of “Shaping Africa’s New Normal: Recovering Stronger, Rebuilding Better”. The African Development Bank is a strategic partner of the Forum, which runs until 5 March. Africa is grappling with health and economic challenges inflicted by…

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Africa Investments 

Zambia: The Bank helps cushion the impact of COVID-19 with livestock and aquaculture projects

The African Development Bank has helped communities in Zambia acquire goods worth around $450,000 since mid-2020 to cushion vulnerable people from the impact of COVID-19. In the Nakonde district on the Tanzanian border, the Bank authorized the Zambian government to set aside $200,000 from a livestock project that was near completion to procure and distribute COVID-19 relief packages of food, livestock, farming inputs and medical materials. The relief packages included 600 goats, 44 cattle, 2,000 chickens, 13 metric tonnes of chicken feed, 520 kilos of pasture seeds and two egg…

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Africa Investments 

Zambia: The Bank helps cushion the impact of COVID-19 with livestock and aquaculture projects

The African Development Bank has helped communities in Zambia acquire goods worth around $450,000 since mid-2020 to cushion vulnerable people from the impact of COVID-19. In the Nakonde district on the Tanzanian border, the Bank authorized the Zambian government to set aside $200,000 from a livestock project that was near completion to procure and distribute COVID-19 relief packages of food, livestock, farming inputs and medical materials. The relief packages included 600 goats, 44 cattle, 2,000 chickens, 13 metric tonnes of chicken feed, 520 kilos of pasture seeds and two egg…

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Africa Investments 

African Development Bank provides $320 000 in grant funding to mainstream gender in ECOWAS’ digital financial operations

The Board of Directors of the African Development Bank has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks. The funds will support a gender gap analysis of several WAMA strategies including those for financial inclusion; gender disaggregation data analytics; digital payment services and infrastructure; and digital identity.  The project, to be executed over a three year period, will potentially affect 350 million people in all 15 ECOWAS nations:  Benin, Burkina Faso, Cote d’Ivoire, Cabo…

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Africa Investments 

“I AM #AFAWA” Virtual Event

What: “I AM #AFAWA” Webinar Who: Gender, Women & Civil Society Department of the African Development Bank and African Guarantee Fund (AGF) When: 8 March 2021, 11.00 to 13.00 GMT Where: Online via Zoom – Click here to register for free http://bit.ly/AFAWAiwd2021 The Gender, Women and Civil Society Department of the African Development Bank Group will host a virtual webinar in partnership with the African Guarantee Fund on Monday, 8 March 2021, called “I AM #AFAWA”. This virtual event, organized on International Women’s Day, marks the start of implementation of…

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Africa Investments 

Forum d’Assouan II : les dirigeants africains identifient les défis sécuritaires et sanitaires en vue du relèvement économique et social du continent

La deuxième édition du Forum d’Assouan s’est ouverte lundi 1er mars au Caire sous la présidence du chef de l’État égyptien, Abdel Fattah al-Sissi, sur le thème : « Façonner la nouvelle normalité de l’Afrique : récupérer plus fort, reconstruire en mieux ». La Banque africaine de développement est un partenaire stratégique du Forum, qui se déroule jusqu’au 5 mars. « L’année dernière, les défis imposés par la crise nous avaient amenés à redoubler d’efforts pour réaliser les objectifs de l’Agenda 2063 de l’Union africaine. La concrétisation de la ZLECAf…

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