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African Development Bank Group (AfDB)

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    • Finance in Common Summit Spring Meeting: public development banks call for new financing for Africa’s recovery post-Covid-19
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Source: African Development Bank Group (AfDB) |

Finance in Common Summit Spring Meeting: public development banks call for new financing for Africa’s recovery post-Covid-19

Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost a strong and inclusive recovery in Africa

A global coalition of public development banks today emphasized the urgency of immediate resources for Africa’s recovery post-Covid 19. Together, they committed to deepening cooperation to boost investment opportunities across the continent. Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost…

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

UK Parliamentary Committee recognises the African Development Bank’s effectiveness in responding to Covid-19

The report recognises the Bank’s effectiveness in responding to the pandemic and encourages the British government to work with it to ensure that momentum is not lost in 2021

The African Development Bank (www.AfDB.org) has welcomed a report published by the UK House of Commons’ International Development Committee on Britain’s support to the African Development Bank Group. The report was prepared by the Sub-Committee on the Work of the Independent Commission for Aid Impact (ICAI). The report recognises the…

African Development Bank Group (AfDB)

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    • Social safety nets, community spirit help South African mother through Covid-19 crisis
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Source: African Development Bank Group (AfDB) |

Social safety nets, community spirit help South African mother through Covid-19 crisis

About 2.6 million South Africans have lost their jobs since the pandemic hit

Around 40 km outside Cape Town, Leebah Bessick wipes sweat from her forehead as she digs a pitchfork into the earth at a neighbourhood community garden. It’s an unseasonably hot day here at Blackheath Secondary School and even a shady corner of the garden offers Bessick and the other gardeners…

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

African countries commit to double agricultural productivity as development banks and partners pledge over $17 billion to increase food security

Of the overall amount pledged, more than $10 billion came from The African Development Bank

A coalition of multilateral development banks and development partners has pledged over $17 billion in financing to address rising hunger on the African continent, and to improve food security. These funds were pledged on the final day of a two-day high-level dialogue called Feeding Africa: leadership to scale up successful…

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

Ethiopia: African Development Fund provides $31.2 million to boost nutrition and end child stunting

The Multi-sectoral Approach for Stunting Reduction Project (MASReP) will target forty districts or woredas in the country’s Amhara and Tigray regions

The Board of Directors of the African Development Fund has approved a grant of $31.2 million to the Government of Ethiopia to increase access to multi-sectoral nutritional services for children under-five years, by boosting access to services for improved health, a more diverse and nutritious food, and improving knowledge, attitude…

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

African Development Bank, IFAD and partners redouble efforts to stop hunger in Africa and strengthen food security

The number of people living with hunger across the African continent increased from 214 million to 246 million between 2015 and 2020

The African Development Bank (www.AfDB.org) and the International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, today pledged to work closely with African leaders to address rising hunger on the continent and shore up adequate financing to…

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

Côte d'Ivoire: Vulnerable households and small businesses find relief from government program to ease Covid-19 headaches

The program’s main objectives were to extend cash transfers to more than 117,000 newly vulnerable households at a cost of 75,000 CFA francs each

For Hortense Koné, the manager of a small restaurant in Abobo Belleville, north of Côte d'Ivoire’s economic capital Abidjan, paying her water and electricity bills became a headache last year when Covid-19 lockdown restrictions hit her business. But a decision by the Ivorian government to cover water and electricity bills…

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

African Development Bank debars Maxicare Company (Nigeria) Limited for 36 months for collusive and fraudulent practices

Maxicare Company (Nigeria) Limited is a limited liability company registered in the Federal Republic of Nigeria

The African Development Bank Group (www.AfDB.org), on 28 April 2021, announces the 36 month debarment of Maxicare Company (Nigeria) Limited with effect from 23 February 2021. Maxicare Company (Nigeria) Limited is a limited liability company registered in the Federal Republic of Nigeria. An investigation conducted by the Bank’s Office of…

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

Banker-turned-poultry farmer becomes champion for African agriculture

Technologies for African Agricultural Transformation works to harness high-impact agricultural technologies to boost crop output and create viable opportunities for workers and entrepreneurs

“If we must satisfy Africa’s food security with our growing population, then there must be high commercialization of agriculture. That is modern farming.” – Ayotomiwa Yinka Ogunsua, poultry farmer When Ayotomiwa Yinka Ogunsua got a job as a loan officer at a microfinance bank in Ibadan, Nigeria, after graduating from…

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

Africa’s recovery pathway offers enormous opportunities, African Development Bank head says at EU-Africa Green Investment Forum

The hybrid forum was convened by Portugal and the European Investment Bank to mobilize private and public capital towards the green transition in Africa

Sounding a note of optimism at the European Union-Africa Green Investment Forum on Friday, African Development Bank (www.AfDB.org) President Dr. Akinwumi A. Adesina reminded global audiences of the continent’s vast opportunities for green growth. “Africa is a huge market offering incredible opportunities. The recovery pathway offers enormous opportunities. Recovery must…