The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Each year, the Annual Development Effectiveness Review (ADER) examines development trends in Africa, assesses the impact of the African Development Bank and outlines opportunities and risks that lie ahead. The ADER helps us to reflect on our performance and identify areas where we need to enhance our efforts.
This year’s ADER marks the beginning of a new era for the Bank with a new President and a sharpened focus on an interlocking set of critical priorities within the Bank’s Ten Year Strategy. We call them the “High 5s”: Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the quality of life for the people of Africa.
ADER 2016 is structured around these vital issues, while maintaining the indicators and targets of the existing Results Measurement Framework (RMF). In Part 1 of the report, each chapter focuses on one of the High 5s, examining Africa’s progress and challenges and weighing the contribution that the Bank is making. In Part 2 of the report, Chapter 6 focuses on the Bank’s performance in managing its portfolio and Chapter 7 on the Bank’s organisational efficiency.
As well as using the indicators and targets of the existing RMF to gauge the Bank’s impact, ADER 2016 examines the immediate prospects for African development. By combining Level 1 and Level 2 of the RMF within each chapter in Part 1, we can better explain the connections between Africa’s key developmental challenges and the action the Bank is taking to address them.
Agriculture is at the heart of Africa's development: 7 in every 10 Africans rely on agriculture for their livelihoods. While Africa has enjoyed impressive growth rates for over a decade, this growth has barely touched the millions living on the land. Africa has yet to experience the agricultural miracle that has transformed other developing regions.
Yet Africa has vast agricultural potential, and most of the technologies required to boost yields are already at hand. With the right policies and investments, African agriculture could readily become an engine for inclusive growth across the continent.
The African Development Bank’s (AfDB) work in agriculture has delivered a wide range of benefits to farmers: better seeds, irrigation and sustainable technologies, and greater access to finance and to markets. Bank projects have increased yields, production levels and incomes for farmers, resulting in more dynamic local economies. We recognise, however, that much more needs to be done.
Total investment in African agriculture is still well short of the levels required to deliver fundamental change and prosperity. Africa’s rapid rates of population growth and urbanization are creating vast unmet demands for food and agricultural products. The continent needs a major injection of both public and private finance into all stages of the agricultural value chain, using finance in smarter ways to create dynamic enterprises throughout the sector and markets. This must include both small- and large-scale agribusinesses, to ensure that agricultural development generates inclusive growth.
This is the right time for a big and sustained push on agriculture. That’s why the Bank has made the transformation of this sector, one of its five top priorities (the “High5s”), along with light up and power Africa, industrialize Africa, integrate Africa and improve the quality of life of the people of Africa.
For our part, working with African governments, other development partners and the private sector, the Bank has refocused its assistance on transforming agriculture and agribusiness by 2025. We are working to create better returns to farmers and agribusinesses, including more opportunities for women and young people, while promoting improved food security and nutrition across the continent.