The Board of Directors of the African Development Bank (AfDB) approved on October 21, 2015, a loan of US $90 million for the Republic of Angola to finance a Science and Technology Development project to contribute to the diversification of the economy through research and development in agro-industry, biotechnology and 

African countries could borrow money internationally to invest in commercial agriculture to spread the range of manufactured products available within their economies and lead to an agricultural transformation, Ministers of Finance at the Feeding Africa Conference in Dakar affirmed Friday.

Zambia’s Deputy Minister of Finance, Christopher Mvunga, said money borrowed commercially from the international financial markets could be spent on modernizing agricultural infrastructure.

Changes in Malawi’s climatic patterns have led to severe drought and flooding which has resulted in loss of life and economic hardship. For a country heavily dependent upon its rain-fed agriculture, hydro-electric power, fisheries and wildlife sectors for survival, such dramatic weather changes wreak havoc on the economy, with the livelihoods of rural Malawians the most affected.  

The Africa Climate Change Fund (ACCF) announced Friday, the approval of three projects totaling USD 1.35 million to enhance the readiness of Cape Verde, Kenya and Swaziland to mobilize climate finance, necessary to achieve national sustainable development goals.

On October 21, 2015, the Rural Water and Sanitation Initiative (RWSSI) Trust Fund of the African Development Bank (AfDB) announced a EUR 3-million grant to support the implementation of the National Post Ebola Recovery Strategies of Guinea, Liberia and Sierra Leone.

The RWSSI Trust Fund donation responds to the need to build resilience to Ebola in the countries affected by the epidemic through sustainable improvement of water and sanitation for the most vulnerable segments of population. It is expected to play a catalytic role in improving community response to outbreaks.