Africa Investments 

Somalia: African Development Fund approves $5.4 million grant to build food security, as millions face crisis

The Board of Directors of the African Development Fund has approved a $5.4 million grant to support the building of urgently needed food security in Somalia. The grant constitutes additional financing to the multinational Program to Build Resilience for Food and Nutrition Security (BREFONS) and will specifically deploy certified quality seeds of climate-adapted fodder varieties and enable the establishment of… Read More
Africa 

A burial of former leader Dos Santos in Angola only under certain conditions?

Some of the eldest children of Angola’s former president Jose Eduardo dos Santos have reportedly demanded an end to criminal cases against them in order for them to allow their father to be buried in Angola. Citing a letter from the former head of state’s daughter, Portuguese news agency Lusa reported Tuesday that Isabel dos Santos and some of her… Read More
Africa 

In Uganda, Wazi Vision changes lives through innovative eye care

Wazi Vision conducts many eye test camps in hard-to-reach areas around Uganda. The free services cater to those who ordinarily wouldn’t afford to see an ophthalmologist, yet vision problems are common in the country. And with a cross-subsidization model, those who are diagnosed with refractive errors get eyewear they manufacture, at affordable prices. Jane Nabbosais a businesswoman, benefitted from the service:… Read More
Africa 

UN summit galvanizes action for development agendas in Africa

Despite being “rich with human and natural resources and enormous untapped economic and social potential,” General Assembly President Abdulla Shahid told the high-level The Africa We Want dialogue that the continent “still faces challenges” in realizing the Sustainable Development Goals (SDGs). Hard-won struggles Africa has undergone a dramatic transformation since the end of the colonial era, with many countries struggling… Read More
Africa Investments 

Zimbabwe: African Development Fund approves $25.65 million grant to boost food production and resilience

The Board of Directors of the African Development Fund has approved a grant of around $25.65 million to help Zimbabwe enhance domestic food production and supply. The funds were drawn from the Transition Support Facility (TSF), although the Board provided a waiver, to assist  Zimbabwe to mitigate  against a possible food crisis. Zimbabwe is in debt and in arrears and… Read More
Africa Investments 

Africa50 general shareholders meeting in Morocco call for global investments in African infrastructure

African Development Bank Group President and Chairman of the Africa50 Board of Directors, Dr. Akinwumi Adesina has highlighted the crucial role that Africa50 is playing to help bridge Africa’s infrastructure financing gap. Adesina was speaking at the opening session of Africa50’s general shareholders meeting in Marrakech on Tuesday. He told delegates that Africa50 had invested $5 billion in 16 private-sector… Read More
Africa Investments 

African Development Bank to present report on climate and economics at the Atlantic Council in the US

What:             Atlantic Council panel discussion on African Economic Outlook 2022 Who:              African Development Bank, Atlantic Council, policymakers, and experts When:            Wednesday, 27 July, 9:30 am Washington DC Time. Where:           Atlantic Council, Washington D.C., and online The United States-based Atlantic Council will host a panel discussion on the African Development Bank’s African Economic Outlook (AEO) 2022 report on… Read More
Africa Investments 

In Sierra Leone, improved access to safe drinking water for more than 700,000 people in rural areas, thanks to the African Development Bank

Implemented in Sierra Leone between 2013 and 2021, the Rural Water Supply and Sanitation Project has increased access to safe drinking water by 13% and to safe basic sanitation by 3%. Approximately 720,000 people have benefited from rural water supply developments, while 25,371 households have gained access to safe basic sanitation. The project received UA 25.57 million ($39.38 million) in funding… Read More
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