In an effort to boost agri-business and enhance food security in Africa, the African Development Bank Board has approved a US$15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa AFSF is a second-...

A Mozambican delegation headed by Economy Minister Adriano Maleiane participated in the African Development Bank’s Annual Meetings in Busan, Korea, a key conference on economic affairs for the continent at which Finance Ministers from the Bank’s 80 Member States meet with academics,...

African Development Bank President, Akinwumi Adesina, met with São Tomé and Príncipe President Evaristo Carvalho on Wednesday, just as the Bank’s Board of Directors in Abidjan approved the island nation’s new Country Strategy Paper 2018-2022.  “We have long been a supporter of...

To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan.   Mohamed Zaghloul, Executive Director representing Egypt and Djibouti, said, “The...

The first President of the African Development Bank group to set foot on São Tomé and Príncipe, Akinwumi Adesina has arrived in the country for a five-day official visit to strengthen alliances between his institution and this lower middle-income island nation with a fragile economy. He was...

The African Development Bank Director General for East Africa, Gabriel Negatu, and Sudan’s State Minister of Finance and Economic Planning, Magdi Yassin, presided over the signing ceremony of a grant agreement (Rural Livelihoods’ Adaptation to Climate Change in the Horn of Africa II) of about US $7...

The African Development Bank Group has established a US $3-million Rockefeller Trust Fund, a joint effort of the Bank and The Rockefeller Foundation to help spur Africa’s transformation. With this initial endowment, the Trust Fund will support the Bank’s activities particularly with regard to...

For Africa to witness true agricultural transformation, technologies need to reach farmers to enhance productivity. This was part of the outcomes of the Leadership4Agriculture Forum held at the 53rd Annual Meetings of the African Development Bank taking place in Busan, Korea from May 21-25....

The African Development Bank has approved US$100 million senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals Limited, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum. The Bank’s intervention...