Source: African Development Bank Group (AfDB) |

Dissecting Africa’s Covid-19 response in the extractives sector: diversification, enhancing local content, offer solutions

Several economies in Africa are sustained by the extractive industry, with most national budgets dependent on mining and petroleum exports

The African Development Bank’s (www.AfDB.org) African Natural Resources Centre (ANRC) and the African Legal Support Facility (ALSF) hosted a dialogue on responses by governments and the industry to the COVID-19 pandemic in the extractive sector, focusing on South Africa, Ghana, Nigeria, and Kenya. The session, held 21 October and moderated by ALSF Director…

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

Development finance institutions pledge to sustain COVID-19 mitigation, livelihood recovery

They discussed how to achieve maximum impact in their relief efforts, and the debt sustainability of beneficiary countries

Multilateral development finance institutions on Wednesday pledged to continue to collaborate in their efforts to mitigate the adverse impact of the COVID-19 pandemic and accelerate the recovery of economies and livelihoods. At an extraordinary virtual meeting to discuss the impact of their responses to the pandemic and the worsening debt…

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

African Development Bank AgriPitch Competition: $120,000 in prizes on offer during African Youth Agripreneur Forum 3-17 November

The AgriPitch competition is open to youth aged 18 to 35 who hold African nationality or citizenship and who submit their application online by 23rd October

There are just hours to go until the 23 October deadline to enter the African Development Bank’s (www.AfDB.org) AgriPitch Competition. Selected entries by African youth agripreneurs will be invited to showcase their agribusiness startup plans and compete for a share of $120,000 in funding seed prizes, a slot of the…

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…