Africa Investments 

UK Parliamentary Committee recognises the African Development Bank’s effectiveness in responding to Covid-19

The African Development Bank has welcomed a report published by the UK House of Commons’ International Development Committee on Britain’s support to the African Development Bank Group. The report was prepared by the Sub-Committee on the Work of the Independent Commission for Aid Impact (ICAI). The report recognises the Bank’s effectiveness in responding to the pandemic and encourages the British government to work with it to ensure that momentum is not lost in 2021. It notes: “We are heartened by the evidence of concerted and determined efforts on the part…

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Africa Investments 

Avec des résultats encourageants, le Mécanisme africain de financement du développement des engrais (MAFDE) envisage plus de ressources pour de…

Dans son rapport annuel, publié le 4 mai, par la Banque africaine de développement, le Mécanisme africain de financement du développement des engrais (MAFDE) annonce avoir obtenu « des résultats importants en 2020 et envisage de mobiliser plus de ressources qui seront investies dans de nouveaux projets ». Bien que confronté à la crise sanitaire du Covid-19, ayant entravé la réalisation des activités initialement prévues dans le programme de travail pour l’année 2020, le MAFDE, fonds spécial géré par la Banque, a mis en œuvre, en partie, quelques projets. En 2020, l’exécution…

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Africa Investments 

Finance in Common Spring Meeting: Africa’s Green and Resilient Recovery: a Common Objective

WHAT: Finance in Common Spring Meeting WHO: The African Development Bank, African Public Development Banks (PDBs) in collaboration with the Association of African Development Finance Institutions (AADFI) and the International Development Finance Club (IDFC) WHEN: Tuesday 11 MAY 2021, Time: 11:00 to 14:00 UTC (11:00 to 14:00 GMT) WHERE:  Virtual               Register      Following the Finance In Common Summit held in November 2020 and in preparation for a Summit on Financing African Economies to be convened by President Emmanuel Macron on 18 May, the African Development Bank and public development banks…

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Africa Investments 

Social safety nets, community spirit help South African mother through Covid-19 crisis

Around 40 km outside Cape Town, Leebah Bessick wipes sweat from her forehead as she digs a pitchfork into the earth at a neighbourhood community garden. It’s an unseasonably hot day here at Blackheath Secondary School and even a shady corner of the garden offers Bessick and the other gardeners little respite from the midday sun. Still, she finds refuge here these days after enduring a year of hardship and unemployment caused by the onset of the Covid-19 pandemic, which hit South Africans hard. “I learned that the only way…

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Africa Investments 

Fashionomics Africa, DHL Express train African fashion entrepreneurs to excel in international trade, logistics and e-commerce

More than 280 million online shoppers in Africa represent a huge opportunity for e-commerce development on the continent, attendees of a recent Fashionomics Africa webinar heard. Fashionomics Africa joined forces with DHL Express and industry experts for the webinar held for fashion entrepreneurs looking to expand into regional and international markets. The webinar, adapted for a virtual audience, included a masterclass training delivered by Sammy Thuita, E-Commerce Business Development Manager at DHL Express, a world-leading transport and logistics company. The session also featured key interventions from Moulaye Tabouré and Samuel…

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Africa Investments 

Dialogue de haut niveau – « Nourrir l’Afrique » : le continent africain invité à préserver ses terres arables et à mieux les valoriser

Le président sénégalais, Macky Sall, a exhorté, jeudi, les États africains à ne pas céder leurs terres arables à des pays tiers ou à des multinationales, mais à mieux les valoriser afin d’atteindre l’objectif continental de nourrir l’Afrique et d’éliminer la faim d’ici à 2025. Macky Sall s’exprimait lors de la première journée du dialogue de haut niveau intitulé, « Nourrir l’Afrique : leadership pour intensifier les innovations réussies », co-organisé jeudi et vendredi par la Banque africaine de développement et le Fonds international de développement agricole (FIDA), en partenariat avec le…

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Africa Investments 

Maroc : la Banque africaine de développement soutient l’amélioration du climat des affaires pour une sortie de crise par le haut

La Banque africaine de développement et le ministère marocain de l’Économie, des Finances et de la Réforme de l’administration ont signé, ce jour, un accord de don de près d’un million de dollars américains destiné à soutenir les services du chef du Gouvernement du Royaume du Maroc pour mettre en œuvre le projet d’appui à l’amélioration du climat des affaires et à la relance. Dans le contexte de crise liée au Covid-19, ce partenariat a pour principal objectif de soutenir l’amélioration de l’environnement des affaires afin de consolider la résilience…

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Africa Investments 

FAO and BADEA agree MOU to advance African agriculture at Africa high-level dialogue on food security

The United Nations Food and Agricultural Organization (FAO) and the Arab Bank for Economic Development in Africa (BADEA) signed a memorandum of understanding for future collaboration to promote agricultural infrastructure development and skills training for women and youth. The agreement would also advance climate-smart agriculture in Africa. FAO Director-General Dr. Qu Dongyu and BADEA Director-General Sidi Ould Tah signed the agreement on 29 April in a virtual ceremony during a high-level dialogue organized by the African Development Bank and the International Fund for Agricultural Development, in partnership with the Forum…

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Africa Investments 

African countries commit to double agricultural productivity as development banks and partners pledge over $17 billion to increase food security

A coalition of multilateral development banks and development partners has pledged over $17 billion in financing to address rising hunger on the African continent, and to improve food security. These funds were pledged on the final day of a two-day high-level dialogue called Feeding Africa: leadership to scale up successful innovations. The African Development Bank and the UN’s International Fund for Agricultural Development (IFAD) hosted the event in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization on 29 and 30 April. Seventeen African…

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Africa Investments 

Ethiopia: African Development Fund provides $31.2 million to boost nutrition and end child stunting

The Board of Directors of the African Development Fund has approved a grant of $31.2 million to the Government of Ethiopia to increase access to multi-sectoral nutritional services for children under-five years, by boosting access to services for improved health, a more diverse and nutritious food,  and improving knowledge, attitude and practices on feeding, care and hygiene. The Multi-sectoral Approach for Stunting Reduction Project (MASReP) will target forty districts or woredas in the country’s Amhara and Tigray regions. The project, with a total cost of $48 million, has three programmatic…

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