Tag: African Development Bank

The Board of Directors of the African Development Bank Group has approved a grant of $3.5 million from the African Development Fund’s Transition Support Facility as additional financing for a rice value chain transformation project in the Gambia. The Rice Value Chain Transformation Program was started in December 2018, with total grant financing of $7 million from the African Development… Read More

The President of the African Development Bank Group Dr. Akinwumi Adesina has given strong assurance to U.S. investors that Africa is a secure, competitive and profitable market for investment. Adesina was speaking on Wednesday at the U.S.-Africa Business Summit in Marrakech where he told American investors to see Africa as a logical investment destination and to engage with the continent… Read More

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

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

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

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

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

The African Development Bank will release an additional $27.41 million to implement Phase II of its flagship agricultural initiative, “Technologies for African Agricultural Transformation” (TAAT). The goal is to increase farming households’ productivity and incomes by giving them access to climate-resilient technologies in 36 low-income African countries, by 2025. The decision to make this new disbursement was taken in Abidjan by… Read More

The African Development Bank Group’s Board of Directors has approved 24, fast-track programs to help Africa mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate change and the Covid-19 pandemic. The first round of approvals is part of the Bank’s $1.5 billion African Emergency Food Production Facility, established in May to boost food security, nutrition, and… Read More

Le Conseil d’administration de la Banque africaine de développement a accordé, à la Côte d’Ivoire, le 15 juillet 2022, un prêt de 151,18 millions d’euros pour mettre en œuvre le Programme de production alimentaire d’urgence. Le programme bénéficie aussi de l’appui de l’Agence japonaise de coopération internationale (JICA), qui y contribue à hauteur de 68,14 millions d’euros. Ces financements vont… Read More