Source: African Development Bank Group (AfDB) |

World Food Day: Time for global leaders to invest in Africa's agriculture (By Beth Dunford)

The continent has immense potential to feed itself and to become a breadbasket to the world: about 65 percent of Earth's remaining uncultivated, arable land is in Africa

By Beth Dunford More than six out of every 10 people in Sub-Saharan Africa work in the continent's agriculture sector. We may not realize that what grows from African soil may be connected to some of the world's most popular foods. Africa produces the world's largest supply of cocoa, used…

Source: African Development Bank Group (AfDB) |

Multinational: African Development Bank approves $86.72 million loan to boost water security and socio-economic development in South Africa and Lesotho

The multi-phase project will provide water to the Gauteng region of South Africa and generate hydroelectricity for Lesotho

The African Development Bank Group’s (AfDB.org) Board of Directors has approved a loan of $86.72 million to co-finance the second phase of the Lesotho Highlands Water Project. The multi-phase project will provide water to the Gauteng region of South Africa and generate hydroelectricity for Lesotho. The project entails harnessing the…

Source: African Development Bank Group (AfDB) |

“Let us change the narrative on Africa in the United States” African Development Bank President tells African Diplomats in Washington

The Bank chief spoke during a meeting with African ambassadors at the chancery of the Embassy of the Republic of Congo in Washington last week

African Development Bank President Dr Akinwumi A. Adesina has said that a concerted effort to change the narrative on Africa in the United States is necessary to attract increased investments into the continent. He said the need for advocacy in the United States made having an African Development Bank office…

Source: African Development Bank Group (AfDB) |

Africa Resilience Forum 2021: Facing the ‘hydra-head challenges of Covid-19, conflict and climate’

The Africa Resilience Forum is a flagship African Development Bank event which brings together key stakeholders across government, civil society, the private sector, and international partners

The fourth edition of the Africa Resilience Forum opened on Tuesday, as the continent’s most vulnerable communities confront the triple challenges posed by the Covid-19 pandemic, conflict and climate change. An estimated 39 million Africans could slip into extreme poverty this year, as a result of the pandemic. At the…

Source: African Development Bank Group (AfDB) |

UNGA 2021: The World has the Resources to End Hunger, African Development Bank Head tells UN Food Systems Summit

The welfare of the 70% of Africa’s population working in agriculture and agribusiness is a barometer of the state of the continent’s health

“The world has the resources to end hunger,” African Development Bank President Dr. Akinwumi A. Adesina (www.AfDB.org) said in a message on the first day of the United Nations Food Systems Summit. Convened by UN Secretary General António Guterres, the event is billed by its organisers as “a historic opportunity…

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

Global Forum Secretariat, African Development Bank and World Bank Group deliver new manual on Exchange of Information for tax purposes

Exchange of information (EOI) is an essential tool for tax authorities worldwide to ensure that all taxpayers pay the correct amount of tax

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), the World Bank Group and the African Development Bank (www.AfDB.org) have jointly published a new version of the Manual on Exchange of Information (https://bit.ly/3CovIgS), in order to support tax authorities. Exchange of information (EOI) is an…

Source: African Development Bank Group (AfDB) |

Africa, Latin America and the Caribbean join forces to drive circularity

Dialogue was held among entrepreneurs, academics, and champions on the need to scale up the transition towards circular economies

The African Circular Economy Alliance (ACEA) (www.ACEAafrica.org), and the Circular Economy Coalition of Latin America and the Caribbean (CEC LAC) (https://bit.ly/3hHaxPw) have organized the first regional dialogue to strengthen cooperation around their common objectives. The event, titled “Regional deep-dive: Africa, Latin America & the Caribbean joining forces for circularity,” took…

Source: African Development Bank Group (AfDB) |

African Development Bank’s SEFA grant to support first Super Energy Service Company (ESCO) in East Africa

The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both the public and private sectors

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/39fnc7x) has announced a $1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO). The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both…

Source: African Development Bank Group (AfDB) |

African Development Bank’s SEFA provides $1 million to kick off modernization of Africa’s Hydropower Fleet

The modernization of hydropower stations is an opportunity to increase generation capacity at low-cost, and with relatively short lead-times and minimal environmental impact

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/3tZp0eB) has approved a $1 million grant for modernization of Africa’s aging hydropower fleet. The grant will fund the mapping and evaluation of African hydropower facilities’ rehabilitation needs. It will also support the preparation of modernization works for two pilot facilities to a…

Source: African Development Bank Group (AfDB) |

Global Center on Adaptation and African Development Bank call for applications for the African Youth Adaptation Solutions Challenge

Young entrepreneurs between the ages of 18 and 35 are invited to respond to the call for the expression of interest and submit their business plan through the official submission portal

The Global Center on Adaptation (GCA) and the African Development Bank (AfDB.org) have launched a call for applications for the first edition of the African Youth Adaptation Solutions (YouthAdapt) Challenge. The call encourages young entrepreneurs, innovators from micro, small and medium-sized enterprises (MSMEs) and other youth-led and youth-owned enterprises in Africa,…