Source: African Development Bank Group (AfDB) |

African and US development financiers reaffirm their commitment to attracting greater private sector capital to Africa

They spoke during a panel event to discuss their organizations’ role in post-COVID-19 environment as part of a day-long public forum on investing in Africa’s future

The continent’s largest development finance institutions have emphasized that a sustained and collaborative approach among development partners to scale up project development activities, will boost the number of bankable projects attracting investor interest and contribute to closing the infrastructure finance gap in Africa. They spoke during a panel event to…

Source: African Development Bank Group (AfDB) |

Tanzania: African Development Fund Approves $50.7m COVID-19 Crisis Response Budget Support

The pandemic has put increased pressure on Tanzania’s health facilities, social protection systems and has dampened the country’s projected growth of over 6.2%

The Board of Directors of the African Development Fund (ADF) has approved a loan of UA 36 million ($50.7 million) to Tanzania, to finance the nation’s response to the COVID-19 pandemic. The loan, from the African Development Bank Group’s (https://www.AfDB.org/) COVID-19 Response Facility (CRF), will support the Government of Tanzania’s…

Source: African Development Bank Group (AfDB) |

The Africa Fertilizer Financing Mechanism, OCP Africa team up to increase access to fertilizers in Côte d’Ivoire and Ghana

The project will reduce potential risks along the agricultural value chain, and improve access to quality inputs, including fertilizers, in Côte d'Ivoire and Ghana

The African Development Bank (www.AfDB.org) has approved the participation of the Africa Fertilizer Financing Mechanism (AFFM) (www.AfDB.org/en/affm) in a $4 million partial trade credit guarantee with OCP Africa (www.OCPAfrica.com), a subsidiary of the OCP Group. The project will reduce potential risks along the agricultural value chain, and improve access to…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Uganda: Sharp Decline in Cases of Typhoid Fever, Diarrhoea, in Capital, Thanks to Sanitation Project

Approximately 240 public sanitation facilities with hand-washing points have been built, as well as family facilities for landlords and tenants

For several years now, typhoid fever and diarrhoea cases have fallen significantly in the Ugandan capital, Kampala, especially in the major district of Kawempe, according to an African Development Bank (https://www.AfDB.org/) report published on 7 October. Kawempe is an administrative subdivision that has developed rapidly, but water and sanitation infrastructure…

Source: African Development Bank Group (AfDB) |

African Development Bank’s second virtual business opportunities seminar of 2020, draws 250 global partners and suppliers

During the seminars, participants are informed about the Bank’s strategy for supporting economic growth, its priority areas and rules and procedures for project and corporate procurement

The African Development Bank (www.AfDB.org) hosted its second virtual business opportunities seminar in 2020 (BOS) on 13 and 14 October. The BOS offers a one-stop shop for individuals and consulting firms, civil contractors, manufacturers, suppliers, and diplomatic commercial attachés from the Bank Group’s regional and non-regional members seeking to provide…

Source: African Development Bank Group (AfDB) |

Why COVID-19-impacted World Food Day 2020 is the time to prioritize investments in food systems (By Wambui Gichuri)

COVID-19 lockdowns and decreases in incomes have generated a double demand shock – increasing the number of poor and vulnerable people, particularly in Africa’s cities

By Wambui Gichuri, Acting Vice President for Agriculture, Human and Social Development, African Development Bank (www.AfDB.org) World Food Day 2020 marks the 75th anniversary of the founding of the Food and Agriculture Organization, but celebrations this 16 October are muted due to the coronavirus. COVID-19’s multi-sectoral impact should have governments…

Source: African Development Bank Group (AfDB) |

A Heartfelt Tribute to Institutions and People Who Never Stop Caring (By Nafissatou N’diaye Diouf)

The 2020 Nobel Peace Prize has created a renewed impetus to rally around hunger, scale-up efforts to mobilize much-needed funds

By Nafissatou N’diaye Diouf, Acting Director, Communication and External Relations, at the African Development Bank Group The sight of David Beasley, in a recent tweet, sitting on the floor of the World Food Programme (WFP) office in Niger surrounded by staff, celebrating a well-deserved Nobel peace prize win, brought back…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Group Appoints Ms. Yacine Fal, Director General, Cabinet Office of the President

As Director General, Ms. FaI will oversee the administrative and operational work and activities of the Cabinet Office of the President

The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Ms. Yacine FAL Director General, Cabinet Office of the President, effective 1st November 2020. As Director General, Ms. FaI will oversee the administrative and operational work and activities of the Cabinet Office of the President. Primarily, she…

Source: African Development Bank Group (AfDB) |

African Development Bank Makes Pitch for Strategic Partnerships with Nordic Businesses

AfDB interested in transformational agro value chain industrialization projects which add value to competitively-produced commodities in Africa – VP Quaynor

At a webinar held Thursday by the Nordic-African Business Association (NABA), African Development Bank (https://www.AfDB.org/) Vice President Solomon Quaynor made a powerful case for strategic investment opportunities in Africa. The digital webcast, organized by NABA, the Norwegian Ministry of Foreign Affairs, Scatec Solar and Africa Finance Corporation (AFC), was part…

Source: African Development Bank Group (AfDB) |

COVID-19 crisis is pushing us to refocus priorities, says Bank Vice President Quaynor in Global Infrastructure Forum event on infrastructure project preparation

The COVID-19 pandemic has sharpened Africa’s already urgent need for added infrastructure spending

The African Development Bank (https://www.AfDB.org/) hosted an online seminar on 7 October as part of the fourth annual Global Infrastructure Forum, drawing together representatives of government, the private sector and multilateral development institutions to discuss strengthening infrastructure development in the COVID-19 pandemic era. The Bank’s workshop, titled Infrastructure Project Preparation:…