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TICAD7: Digital Agriculture next frontier for economic development in Africa

29-Aug-2019 - “There’s risk, yes, but there are juicy returns, now is the time for all of us to run in that direction.” - Jennifer Blanke Prioritizing the digital space will help shift the development focus for Africa’s agribusiness sector and overcome its many hurdles, participants at an official side event, organized Wednesday during the 7th Tokyo International Conference, heard. 

TICAD7: African Development Bank discusses relief for fragile states through innovative private sector financing solutions

29-Aug-2019 - Access to concessional resources and insurance cover for pioneering investments, offer fragile nations the best tools to jump-start their economies, the African Development Bank said.

African Development Bank Group signs $28.8 million grant deal with Somalia for road and water projects

29-Aug-2019 - Mogadishu, Somalia, 29 August 2019 – The African Development Bank Group on 27 August 2019 signed two grants for $28.8 million for road and water supply projects to improve livelihoods in Somalia and boost resilience. The grants, approved by the Bank’s Board on 19 July 2019, confirm sustained efforts, especially by the African Development Fund, to tackle fragility in the Horn of Africa. They comprise $11.99 million for the Kismayo Baidoa urban water project and $16.86 million to partly finance a $66.7 million road.

African Development Bank President to visit the Kingdom of Eswatini

29-Aug-2019 - Abidjan, Côte d’Ivoire, August 29 - African Development Bank Group President Akinwumi Adesina arrives in the Kingdom of Eswatini on Saturday for an official visit, which will include a trip to one of the major Bank-funded projects in the country. Adesina will meet with Eswatini Minister of Finance Neal Rijkenberg.

Mauritius: African Development Bank addresses nascent electricity regulator’s special needs

28-Aug-2019 - The African Development Bank and the Africa Legal Support Facility (ALSF) joined the government of Mauritius in the launch of the Utility Regulatory Authority’s (URA) strategic business plan 2019-2022. Launched on 15 August 2019 in Ebene, Mauritius, the plan will strengthen the URA’s capacity on staffing, tools and other resources to regulate the energy sector effectively.

TICAD7: PM Shinzo Abe says Japan will help double Africa’s rice production by 2030

28-Aug-2019 - “We must end hunger in Africa. Yes, we must! Hunger diminishes our humanity.” - Adesina urges. Yokohama, Japan, 28 August 2019 – The Sasakawa Association will work with the Japan International Cooporation Agency (JICA), to help double rice production to 50 million tonnes by 2030.  Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7.

“The Kaizen approach is more than a technique…it is an approach to economic development, and it’s been yielding tremendous results” - African Development Bank Vice-president Celestin Monga

27-Aug-2019 - Yokohama, Japan, 27 August 2019 – Kaizen, the business philosophy which means continuous improvement in Japanese, was at the heart of discussions at a seminar held on Tuesday, and co-organised by JICA and NEPAD on the sidelines of the 7th Tokyo International Conference on African Development, TICAD7. The seminar, under the theme: “Africa’s Socio-economic Transformation through innovation,” discussed the role of Kaizen, in improving quality and productivity as well as human resource development on the continent.

Zimbabwe: African Development Bank supports post cyclone recovery efforts with $24.7 million

27-Aug-2019 - The African Development Bank Group on 21 August 2019 signed a deal to support Zimbabwe’s post-cyclone Idai recovery plans with $24.7 million as part of its lead role to help restore livelihood and infrastructure in areas most hit by the disaster this year. Cyclone Idai hit the southern African nation in March, causing loss of lives, devastation, displacement and extensive damage to infrastructure in some eight districts. The Bank Group initially responded to the calamity with $250,000 to support the humanitarian aid response.

African Development Bank President Adesina leads delegation to 7th Tokyo International Conference on African Development, TICAD

26-Aug-2019 - Abidjan, Côte d’Ivoire, 26 August 2019 – A high-level African Development Bank delegation, led by President Akinwumi Adesina, is set to join global leaders at the 7th Tokyo International Conference on African Development, TICAD7 from August 28 to 30. TICAD7, hosted by Japan and co-organised by the United Nations Office of the Special Advisor on Africa (UN-OSSA), and the United Nations Development Programme (UNDP), aims at “promoting high-level policy dialogue between African leaders and development partners.”

G7 Summit: President Macron and G7 leaders provide Bank’s AFAWA initiative with $251 million.

25-Aug-2019 - Biarritz (France), 25 August 2019 – French President Emmanuel Macron and G7 leaders on Sunday approved a package totalling $251 million in support of the African Development Bank’s AFAWA initiative to support women entrepreneurs in Africa.

President Adesina at G7 summit in Biarritz: women’s entrepreneurship, climate and fragility at the heart of the agenda

23-Aug-2019 - Biarritz, France, 23 August 2019 – The president of the African Development Bank, Akinwumi Adesina, will head a delegation to the G7 summit, to be held from 24 to 26 August in Biarritz, in south-western France.

Gabon: The African Development Bank’s funding improves conditions for those living by the country's main trunk road

23-Aug-2019 - Hermann Nzondo drives a taxi. He grimaces when he mentions the former National Highway 1: "Back then, the 119-km journey from Lambaréné to Mouila was not easy. You could only do it in a 4x4. But since they surfaced the road, a taxi can do the return journey in two hours instead of five”.