Rwanda: African Development Bank awards $1.1 million grant to expand meat production
The Board of Directors of the African Development Bank have approved a grant of $1.1 million to Rwanda for the implementation of the country’s Meat Value Chain Trade Competitiveness Project.
The approval for the grant, made on 5 June 2020, will help to expand the east African nation’s meat production value chain, enhance market access and cross border trade, and increase the contribution of the sector to the Rwandan economy. The grant is awarded from the resources of the African Trade Fund (AfTRA).
Video: Women at the forefront of aid to countries during COVID-19
Across the development and medical community, experts have acknowledged the disproportionate impact COVID-19 has had on women. Many in Africa work in agriculture and the informal sector, both industries facing massive stagnation from closed businesses and closed borders.
Tchad : la Banque africaine de développement approuve le financement par l’UE de 30 millions d’euros pour l’interconnexion des réseaux électriques avec le Cameroun
Le Conseil administration de la Banque africaine de développement a donné son accord, le 22 juin à Abidjan, à une proposition de don de 29,4 millions d’euros en faveur du Tchad, pour cofinancer le Projet d’interconnexion des réseaux électriques du Cameroun et du Tchad (PIRECT).
African Development Bank approves EUR 88 million loan to Cameroon to finance COVID-19 response
The Board of Directors of the African Development Bank on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response.
The loan, to the country’s COVID-19 Crisis Response Budget Support Programme (PABRC), falls under the framework of the Bank’s COVID-19 Rapid Response Facility (CRF) of up to $10 billion, the institution’s main channel to cushion African countries from the economic and health impacts of the crisis.
Togo: African Development Bank approves $3 million loan reallocation to agriculture sector for COVID-19 response
The Board of Directors of the African Development Bank have approved the reallocation of $3 million in loan resources to help Togo purchase agricultural inputs to enhance food security in the wake of the COVID-19 pandemic.