Africa Investments 

President Biden’s Special Envoy for Climate, Secretary John Kerry Meets African Development Bank President, Akinwumi Adesina on Climate Financing for…

The Special Envoy for Climate of the US President Joseph Biden, Secretary John Kerry met with the President of the African Development Bank, Akinwumi Adesina, virtually today, ahead of this year’s global climate summit, COP 26.  They discussed Africa’s climate emergency, COP26 preparations and how the United States can help close the annual $27 billion climate finance gap for Africa. Adesina praised President Biden’s bold announcement of the doubling of the US government’s contribution to climate finance to $11.4 billion a year by 2024. The African Development Bank is taking…

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Africa Business World 

The world has the resources to end hunger

– – “The world has the resources to end hunger,” African Development Bank President Dr. Akinwumi A. Adesina said in a message on the first day of the United Nations Food Systems Summit. Convened by UN Secretary General António Guterres, the event is billed by its organisers as “a historic opportunity to empower all people to leverage the power of food systems to drive our recovery from the COVID-19 pandemic and get us back on track to achieve all 17 Sustainable Development Goals (SDGs) by 2030.” The summit brings together thousands…

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Africa Investments 

Côte d'Ivoire: African Development Bank mission assesses progress of Yamoussoukro agro-industrial project

The African Development Bank Vice President for Agriculture, Human and Social Development, Beth Dunford, led a mission to Cote d’Ivoire’s capital Yamoussoukro, on 16 September to assess progress on a Bank-supported agro-industrial cluster in Bélier. The mission, that included Marie-Laure Akin Olugbade, Director General for West Africa and Bank Directors for Agriculture and Agroindustry as well as for Agricultural Finance and Rural Development, Martin Fregene and Atsuko Toda, respectively, was received by Adjoumani Kobenan, Côte d’Ivoire’s Minister for Agriculture and Rural Development. Also present were Kaba Nialé, who serves as…

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Africa Investments 

UNGA 2021: The world has the resources to end hunger, African Development Bank head tells UN Food Systems Summit

“The world has the resources to end hunger,” African Development Bank president Dr. Akinwumi A. Adesina said in a message on the first day of the United Nations Food Systems Summit. Convened by UN Secretary General António Guterres, the event is billed by its organisers as “a historic opportunity to empower all people to leverage the power of food systems to drive our recovery from the COVID-19 pandemic and get us back on track to achieve all 17 Sustainable Development Goals (SDGs) by 2030.” The summit brings together thousands of…

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Africa Investments 

Uganda launches last-mile connectivity to increase electricity access to rural communities

Representatives of UMEME Ltd hand over electricity connection accessories to the Minister of Energy and Mineral Development, Ruth Nankabirwa. Looking on (right) is the African Development Bank’s Country Manager for Uganda, Augustine Kpehe Ngafuan. With support from the African Development Bank and other partners, the Ugandan government has launched the last-mile connectivity component under the Uganda Rural Electricity Access Project in Iganga in the eastern Luuka District. During the 14 September 2021 event, the Ministry of Energy and Mineral Development handed over electricity connection accessories to Uganda’s main power distribution company, UMEME Limited…

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Africa Investments 

New African Development Bank white paper ties entrepreneurship to socioeconomic resilience

The African Development Bank has published a white paper on Entrepreneurship and Free Trade that makes a case for entrepreneurs and innovation as vital drivers of resilience and emergency preparedness across Africa. The white paper, titled Towards a New Narrative of Building Resilience and released in September 2021, places the private sector—particularly technology and knowledge-based entrepreneurs—at the heart of the continent’s security, sustainable development and future growth. It is a follow-up to an earlier volume, Africa’s Catalysts for a New Era of Economic Prosperity, released in June 2021. The launch…

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Development Health Advice 

‘Save as many lives as possible, and leave no one’s health behind’: Japan’s message to the world

In a pre-recorded message for the high-level debate of the 76th General Assembly, Mr. Suga highlighted that it is necessary to create an environment where all countries and regions can secure vaccines equitably with no political or economic conditions. “‘Save as many lives as possible and leave no one’s health behind’. This has been the conviction that Japan, as a country upholding human security and universal health coverage, and I, have adhered to throughout this battle against the pandemic”, he said, recalling that his country has provided approximated 23 million…

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Africa Investments 

4th High-Level event on the Third Industrial Development Decade for Africa (IDDA III) – Strengthening Africa’s Pharmaceutical Industry – learning the…

Who: United Nations Industrial Development Organization in cooperation with the African Union Commission, the United Nations Economic Commission for Africa, the African Development Bank, the United Nations Office of  the Special Adviser on Africa, the African Union Development Agency (AUDA-NEPAD), the AfroChampions Initiative and the African Export-Import Bank When: 28 September 2021, 9:00 to 11:00 am ET (GMT-4) Where: Virtual We are pleased to invite you to the 4th High-Level event on the Third Industrial Development Decade for Africa (IDDA III) that will be organized under the theme “Strengthening Africa’s…

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Development Health Advice 

WHO backs Regeneron COVID-19 drug cocktail – with equal access and price cut 

“This is a major breakthrough in the care of COVID-19 patients”, said Dr. Janet Diaz, WHO head of clinical care. “This is our first recommendation for a therapeutic for those patients with mild, moderate disease,” she said, because it reduces “the need for hospitalisation if they are at high risk”.  Effective ‘reduction in mortality’   WHO’s conditional recommendations are for use of the drug combination on patients who are not severely ill, but at high risk of being admitted to hospital with COVID-19, or those with severe cases of the disease and no existing antibodies.   “Giving them…

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Africa Investments 

UN General Assembly 2021: United Nations Secretary-General Antonio Guterres applauds African Development Bank’s global leadership on climate…

Six weeks ahead of this year’s global climate summit (COP26), African Development Bank President Dr. Akinwumi A. Adesina on Thursday spoke out on the urgent need to finance climate adaptation. He called on the developed world to deliver on its promise of $100 billion per year for climate change. The African Development Bank chief was commenting a day after United Nations Secretary-General António Guterres made his keynote address to the United Nations General Assembly – a speech in which the UN chief spoke of a planet “sleepwalking to disaster.” Guterres…

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