Source: African Development Bank Group (AfDB) |

African Development Bank approves US$14.12 million to support Nigeria’s membership in African Trade Insurance (ATI) Agency

Once membership formalities in ATI are finalized, Nigeria could benefit from gross political and commercial risk insurance cover on total investments and trade amounting to over US$ 5 billion by 2020

The African Development Bank Group (www.AfDB.org), through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s…

Source: African Development Bank Group (AfDB) |

Curtain falls on Conference of the Parties (COP24) in Poland: African Development Bank more resolute than ever to fight against climate change in Africa

During the two weeks of the conference, the African Development Bank assumed its role as primary champion of African interests and a steadfast supporter of African negotiators

The curtain has fallen on COP24 (www.COP24afdb.org), this year’s global climate summit held in Katowice, Poland. However, negotiations continued throughout the weekend to reach agreement on specific parts of the 'rulebook' to be applied  from 2020 by the 197 signatories of the Paris Agreement (https://bit.ly/2S8gLZH), to limit global warming to…

Source: African Development Bank Group (AfDB) |

Ghana’s First Lady Joins Network of African Leaders for Nutrition Champion

The African Leaders for Nutrition (ALN) initiative is a platform for high-level advocacy and engagement to advance nutrition in Africa, endorsed by the Assembly of Heads of State and Governments of the African Union (AU)

The African Leaders for Nutrition on Monday inaugurated Ghana’s first lady Rebecca Akufo-Addo as a Nutrition Champion, acknowledging her work and commitment to sound nutrition and the wellbeing of mothers and infants. The ALN initiative is a platform for high-level advocacy and engagement to advance nutrition in Africa, endorsed by…

Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank approves €115 million, providing 1.5 million people access to water

The new financing is to scale up the country’s largest water and sanitation sector investment program

The African Development Bank’s (www.AfDB.org) Board has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and sustainable water supply services.   The funding will cover strategic cities and address water and sanitation challenges in areas with a low access rate…

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

Empower women to help save Africa from climate change

Africa must unlock the power of its women and girls if it is to adapt to climate change, cope with disasters and build its green energy sector

That is the message from African delegates as the world prepares to implement the Paris Agreement on climate change in Katowice, Poland, this week. Research shows that when women are involved in decision making, agreements on the environment are more likely to be ratified and projects around natural resources, such…

Source: African Development Bank Group (AfDB) |

Tunisia Trains first set of Drone pilots for agricultural productivity

The training which focused on handling, maintenance and the security aspects of flying drones, took place in Tunis from 19-30 November 2018

Eight pilots have successfully passed their drone flight training in Tunisia following a two-week intensive training period organized by the Ministry of Agriculture of Tunisia, the African Development Bank (www.AfDB.org) and Busan Techno Park. The training which focused on handling, maintenance and the security aspects of flying drones, took place in…

Source: African Development Bank Group (AfDB) |

African Development Bank Lauds Egypt’s Economic Rebound, Partnerships, at Africa 2018 Forum

Egypt is the Bank’s second largest regional shareholder and third client in terms of cumulative historical approvals, making it the Bank’s strong partner

African Development Bank (www.AfDB.org) President Akinwumi Adesina has saluted Egypt’s strong macroeconomic performance, its improved ranking in the ‘Doing Business Index,’ and the success of major projects in which the Bank is supporting Egypt, lessons that can be learned for the development and the integration of the continent. Adesina was speaking…

Source: African Development Bank Group (AfDB) |

Huge desert solar initiative to make Africa a renewables power-house

Solar projects stretching across the Sahel region are expected to connect 250m people with electricity by tapping into the region’s abundant solar resource

The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (www.AfDB.org), which…

Source: African Development Bank Group (AfDB) |

Europe’s Future Lies in the South and not the North, says Italian Finance Minister at Africa Conference

Africa is currently home to five of the world’s fastest growing economies, and only 4 African countries out of 54 will record negative growth in 2018, compared to 8 in previous years

“Africa is a continent of great change and opportunities. However, Europe finds it difficult to understand that its future lies in the South and not in the North,” said Giovanni Tria, Italian Minister of Finance and Economy. He was a speaking in Rome at a conference on Africa, challenges and…

Source: African Development Bank Group (AfDB) |

African Development Bank, Big Win Philanthropy, Dangote Foundation launch ambitious plan to improve child nutrition, fight stunting

Objective: to contribute to a 40% reduction in stunting in African children aged under 5 by 2025

Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank (www.AfDB.org) has unveiled a new Multi-Sectoral Nutrition Action Plan (https://bit.ly/2E4d3vW) that aims at raising investments towards reducing stunting by 40% in African children aged under 5 by 2025. Africa loses $25 billion per year in costs attributed to…