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“There’s gold in the dirt” – AfDB Annual Meetings end with call to see the potential of African agriculture
25-May-2017 - “With 65% of the world’s uncultivated land, Africa will determine the future of food for the world. There is gold in the dirt, if only we will see it”, said African Development Bank President Akinwumi Adesina as he spoke to press after the Bank’s Annual Meetings in Ahmedabad.Développement agricole de l’Afrique : faire plus de place à la société civile
25-May-2017 - Ces dernières années, la Banque africaine de développement (BAD) n’a eu de cesse de vouloir associer la société civile africaine aux débats ayant trait au développement et à l’avenir de l’Afrique. Le société civile peut – et doit – devenir un partenaire indispensable dans le projet de nourrir l’Afrique, selon de nombreux experts et acteurs du secteur agricole sur le continent.
“To develop its textiles market, Africa needs its cotton”
25-May-2017 - Pathé’O – of Burkina origin and Ivorian by adoption – and Sidahmed Alphadi – from Niger –, fashion designers of international renown, pleaded the cause of African cotton, a precondition if the textiles industry in Africa is to flourish.Access to credit facilities critical to reducing post-harvest losses for African farmers, says Indian exhibitor
25-May-2017 - UPL Limited, an Indian company based in Mumbai, is one of the international firms attending the ongoing 52nd Annual Meetings of the African Development Bank(AfDB) in Ahmedabad, India, for the first time.
Africa and India – sharing the development journey
25-May-2017 - Africa, like India, is a continent of rich and compelling diversity. Both continents share a similar landscape, a shared colonial history, and similar economic and demographic challenges. This helps both India and Africa work especially well with each other.
AfDB concludes 2017 Annual Meetings in Ahmedabad on high note of optimism
25-May-2017 - The African Development Bank Group concluded its 2017 Annual Meetings on Thursday in Ahmedabad, India, on a high note of optimism generated by the Bank’s good balance sheet and the early successes of its High 5 priorities, especially in agriculture and energy.
And the winners of the Africa Development Impact Awards are…
25-May-2017 - Five innovative projects in the High 5 areas have been awarded the Africa Development Impact Award Morocco received the Light up and power Africa category with an innovative solar power plant project to scale up renewable energy capacity; Mauritania won the Feed Africa category for an irrigation project to increase resilience to climate change. A total of 22 submissions were received on all of the High 5 areas covering the continent and rigorously assessed by experts.
Gandhi-style to Gangnam-style: Farewell, Ahmedabad; on to Busan – Korea to host the 2018 African Development Bank Group Annual Meetings
25-May-2017 - The Republic of Korea will host the 53rd Annual Meetings of the African Development Bank Group in the port city of Busan on May 21-25, 2018. “I congratulate India on hosting such a successful Annual Meeting here in Ahmedabad,” said Jiyoung Choi, International Financial Institutions Director in the Korean Ministry of Strategy and Finance, speaking at the Closing Ceremony of the Bank’s 52nd Annual Meetings. “And I warmly welcome you to Busan in May 2018.”
African unity and solidarity at the heart of Africa Day
25-May-2017 - Africa Day is celebrated each year on May 25 to commemorate the signature of the founding agreements of the Organisation of African Unity (OAU), which was formed in Addis Ababa on May 25, 1963 and later succeeded by the African Union.
Development of Africa’s human capital for industrialization dominates Africa-Asia partnerships talks
24-May-2017 - Development of Africa’s human capital has been identified as key aspect to achieve industrialization. During a TV debate at the African Development Bank Group Annual Meetings, African leaders recognised that a needs-based approach to human capital development would be crucial for the continent to leapfrog and achieve industrialization.
Africa remains world’s second-fastest growing region
24-May-2017 - In 2016, Africa as a whole maintained its position as the world’s second-fastest growing economies behind South Asia, according to data released during the Financial Presentation at the African Development Bank Group’s Annual Meetings, which entered its third day on Wednesday in Ahmedabad, India.
Three young innovators emerge in AfDB’s AgriPitch competition
24-May-2017 - Three top young innovators have emerged from the African Development Bank (AfDB)’s AgriPitch competition – a contest that embodies the dynamism of African youth as future of agriculture on the continent. Ababio Kwame from Ghana was awarded first prize, while Mary Joseph from Kenya won second place. Mahmud Johnson of Liberia clinched the third prize. The young Agripreneurs were announced during the Bank’s 52nd Annual Meetings taking place from May 22-26, 2017 in Ahmedabad, India.
Rethinking Land: ALSF identifies innovative approaches to land investment
24-May-2017 - The attendance of two African ministers, an operations director of the International Fund for Agriculture Development (IFAD), and an expert on sustainable investments helped to ensure that the African Legal Support Facility’s (ALSF) high-level roundtable discussion on land investment was as exhaustive and illuminating as possible.Drought in Africa: AfDB and Ethiopia sign funding agreement to provide water and sanitation to 3 million people
24-May-2017 - The African Development Bank Group and Ethiopia signed loan and grant agreements to the tune of US $5.6 million on Wednesday for additional resources to Ethiopia’s One Water, Sanitation and Hygiene Program. The Bank’s support focuses on the rural and pastoralist areas and is timely in the light of the drought that is being experienced in the horn of Africa.Focus on AfDB and Africa’s top priority: Lighting up and powering Africa
24-May-2017 - No economy in the world can progress without secure energy supply The AfDB invested US $1.5 billion to Light up and power Africa in 2016 Although African countries have spent money on energy during the last decades, the investments made have not kept pace with the continent’s population economic growth that increased the need for energy. Lack of reliable, abundant power is seriously hindering the continent’s transformation.How South Korea’s US $200,000 grant will support Tanzania’s gas sector
24-May-2017 - The African Natural Resources Center of the African Development Bank (AfDB) recently secured US $200,000 from the Korea-Africa Economic Cooperation(KOAFEC) fund to support Tanzania’s gas sector. The Center’s gas expert, Charles Nyirahuku, provides an insight into the expected key deliverables from the facility.
AfDB scales up operations to a record US $11 billion, propelled by the High 5s and New Development and Business Delivery Model
24-May-2017 - With the roll-out of its High 5s priorities and an new Development and Business Delivery Model (DBDM) in 2016, the African Development Bank Group (AfDB), delivered a record US $11.00 billion worth of projects and programs during the year, targeting creation of 630,000 jobs mainly for youths and women, according to the Bank Group’s 2016 Annual Report released at its Annual Meetings in Ahmedabad, India on Wednesday, May 24, 2017.
AfDB spouses support Ahmedabad orphanage
24-May-2017 - The African Development Bank has made a donation to the Mahipatram Rupram Ashram, one of the largest and oldest orphanages in India. Grace Adesina, wife of the Bank President, presented a cheque to Naranbhai Patel, President of the Mahipatram Rupram Ashram on Wednesday during a tour of the orphanage. The visit was part of the two-day spouse programme organized in the margins of the African Development Bank Annual Meetings being held in Ahmedabad, India, from May 22-26, 2017.
AfDB explores investment strategies to tilt markets in favour of African farmers
24-May-2017 - The African Development Bank (AfDB) has proposed new investment strategies in Africa’s agriculture sector, which, if properly implemented, would effectively alter the market structures around the world in favour of the African farmers of major cash crops like tea, coffee and cocoa.