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FAO and BADEA agree MOU to advance African agriculture at Africa high-level dialogue on food security
01-May-2021 - 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.Bénin : toutes les couches sociales bénéficient de subventions pour faire face au Covid-19, avec l’appui financier de la Banque africaine de développement
30-Apr-2021 - Plus d’un an après l’apparition des premiers cas de Covid-19 sur son sol, le Bénin tente de contenir l’impact social de la pandémie. Avec le soutien de la Banque africaine de développement, le pays a permis à toutes les couches sociales de bénéficier de subventions pour assurer leur survie au quotidien, selon le rapport sur l’état d’exécution et les résultats publié par la Banque le 28 avril.
African countries commit to double agricultural productivity as development banks, institutions pledge US$17 billion to increase food security
30-Apr-2021 - A coalition of multilateral development banks and development partners has pledged over US$17 billion in financing on Friday during a high-level forum, in a bold bid to address rising hunger on the African continent and to improve food security.
African Development Bank, IFAD and partners redouble efforts to stop hunger in Africa and strengthen food security
29-Apr-2021 - The African Development Bank and the International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, today pledged to work closely with African leaders to address rising hunger on the continent and shore up adequate financing to transform and modernize Africa’s food production. The impact of climate change, rising fragility and conflict, and locust invasions in East and Southern Africa is taking a toll on the continent.
Ethiopia: African Development Fund provides $31.2 million to boost nutrition and end child stunting
29-Apr-2021 - 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.
Côte d'Ivoire: Vulnerable households and small businesses find relief from government program to ease Covid-19 headaches
28-Apr-2021 - For Hortense Koné, the manager of a small restaurant in Abobo Belleville, north of Côte d'Ivoire’s economic capital Abidjan, paying her water and electricity bills became a headache last year when Covid-19 lockdown restrictions hit her business. But a decision by the Ivorian government to cover water and electricity bills for households in the lower income brackets has finally brought her some relief.African Development Bank debars Maxicare Company (Nigeria) Limited for 36 months for collusive and fraudulent practices
28-Apr-2021 - The African Development Bank Group, on 28 April 2021, announces the 36 month debarment of Maxicare Company (Nigeria) Limited with effect from 23 February 2021. Maxicare Company (Nigeria) Limited is a limited liability company registered in the Federal Republic of Nigeria.
Women’s economic empowerment critical for sustainable post-Covid recovery, African Development Bank country gender profiles show
27-Apr-2021 - African women are still disproportionately affected by poverty, and the coronavirus pandemic is exacerbating gender inequalities, according to new African country gender profiles developed by the African Development Bank.
Banker-turned-poultry farmer becomes champion for African agriculture
27-Apr-2021 - When Ayotomiwa Yinka Ogunsua got a job as a loan officer at a microfinance bank in Ibadan, Nigeria, after graduating university, he thought he’d done well for himself. Then, he spotted an online advertisement for a youth agricultural training program and signed up, owing to his interest in farming as a hobby. Selected to interview for a place in the poultry rearing course, Ogunsua promptly quit his bank job and, he says, prayed he would get in. “I knew I wanted to follow my passion for agriculture full-time,” the 29-year-old Nigerian said.
New reports from African Development Bank, FAO and CGIAR showcase digital agriculture opportunities
26-Apr-2021 - Drones, satellites, geographic information systems, weather stations and advanced analytics are some of the most promising technologies for providing solutions to Africa’s agricultural challenges, according to the joint Digital Agricultural Profiles carried out by the African Development Bank, the Food and Agriculture Organization of the United Nations (FAO) and CGIAR in three countries.
African Economic Outlook 2021 for Asian Audiences
26-Apr-2021 - What: Webinar to discuss the African Economic Outlook 2021 for Asian audiences Who: African Development Bank When:
Africa’s recovery pathway offers enormous opportunities, African Development Bank head says at EU-Africa Green Investment Forum
23-Apr-2021 - Sounding a note of optimism at the European Union-Africa Green Investment Forum on Friday, African Development Bank President Dr. Akinwumi A. Adesina reminded global audiences of the continent’s vast opportunities for green growth. “Africa is a huge market offering incredible opportunities. The recovery pathway offers enormous opportunities. Recovery must be green and build climate resilience. Recovery must boost green investments,” Adesina said in a keynote address.
Sudan: African Development Bank Group approves proposal to clear $413 million arrears
23-Apr-2021 - The Boards of Directors of the African Development Bank Group on Friday approved a proposal for the clearance of about $413 million in arrears on loans owed by Sudan to the institution, marking a major milestone in the country’s re-engagement with international financial institutions and the global economy.
Leaders Summit on Climate: African Development Bank President says the continent is “ground zero” of the crisis as major economies boost climate targets
23-Apr-2021 - African Development Bank President Dr. Akinwumi A. Adesina on Thursday joined 40 heads of state and government at the Leaders Summit on Climate, where the United States, Japan and Canada announced ambitious climate targets to address the escalating emergency.African trade finance sees $5 bn in portfolio outflows in Q1 2020 due to Covid-19, but opportunities exist - report
22-Apr-2021 - Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of 2020, a new continent-wide survey on trade finance has shown. About $3.1 billion left the South African market alone, the report found.
Egypt’s largest solar plant, Kom Ombo, receives US$ 114 million financing package
22-Apr-2021 - The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank today signed a US$ 114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
‘Saving lives and livelihoods’ – reflecting on one year of the African Development Bank’s Covid-19 Response Facility
21-Apr-2021 - Easter Kumbana knew the novel coronavirus was a deadly and highly contagious disease, but he could not afford the basic items needed to protect himself and his family from it. “I had no money to buy face masks and hand sanitizers because the little money I had was needed to feed my children,” said Kumbana, a resident of Kanyama, an impoverished community on the outskirts of the Zambian capital Lusaka.New report by the African Circular Economy Alliance shines light on ‘Five Big Bets’ for circular economy
21-Apr-2021 - The African Circular Economy Alliance (ACEA) has launched a report that identifies five sectors that have the greatest potential to drive the circular economy, a model that promotes better resource management. The sectors are: food systems, the built environment, fashion and textile, electronics, and packaging.
Opinion: Covid-19 vaccines - Race for Covid vaccines in Africa is hiding the key role of nutrition
20-Apr-2021 - The writer, Dr. Akinwumi A. Adesina, is President of the African Development Bank In the global effort to bring the pandemic under control, attention has shifted to ensure that safe and effective vaccines are available to all, including people in poor countries. Yet while vaccines are a game-changer, they are not a quick fix.