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    • Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world
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Source: African Development Bank Group (AfDB) |

Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world

Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself

The African Development Bank Group (www.AfDB.org), will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in…

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    • Meeting between AfDB delegation and Swiss ambassadors in the West Africa region, Friday 23 January 2023, Abidjan, Cote d'Ivoire
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Source: African Development Bank Group (AfDB) |

African Development Bank Group team meet Swiss envoys from West Africa to discuss Africa’s development agenda

The envoys held a working luncheon, hosted by the Swiss assistant state secretary for Sub-Saharan Africa, Siri Walt, on Friday 20 January

Swiss ambassadors meeting in the Ivorian commercial capital Abidjan invited a senior management team from the African Development Bank Group (www.AfDB.org) to exchange views on development and cooperation. The envoys held a working luncheon, hosted by the Swiss assistant state secretary for Sub-Saharan Africa, Siri Walt, on Friday 20 January.…

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African Union Member States Pledge to Improve Nutrition and Food Security in Africa

African leaders gathered for a three-day meeting to draw attention to the 2022 African Union Year of Nutrition. The meeting ended with the signing of an “Abidjan Declaration”

African Union Member States meeting in Abidjan have called on governments to speed up investment, coordination and implementation of programs to improve nutrition and food security in Africa. African leaders gathered for a three-day meeting to draw attention to the 2022 African Union Year of Nutrition. The meeting ended with the…

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    • From left: Vanessa Ushie, Arona Soumare, Jo Mulongoy , Prudence Galega, Ousseynou Kasse, Jeanne Ntain and Innocent Maloba
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Source: African Development Bank Group (AfDB) |

Convention on Biological Diversity Conference of Parties (CBD COP15): New African Development Bank, Worldwide Fund for Nature (WWF) study calls for urgent attention and increased investment in Africa’s biodiversity

The assessment, launched on the sidelines of the UN Biodiversity summit (COP15) in Montreal, Canada, is based on the 6th National Reports on biodiversity submitted by African countries in 2018 -2020

The  African Development Bank (www.AFDB.org) and the Worldwide Fund for Nature (WWF), have launched a regional report on the performance of African countries under the Strategic Plan for Biodiversity 2011-2020 (https://bit.ly/3Wi56by). The report highlights the important role that multilateral development banks can play in meeting biodiversity targets by providing advisory services, capacity building,…

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African Development Fund invests more than $6 million to strengthen public finance governance in African countries

This project is a follow-on to a first phase approved by the African Development Bank in 2016

The Board of Directors of the African Development Fund (www.AfDB.org) have approved a grant of $6.12 million to help strengthen public finance governance in low-income African countries. The funding is for Phase 2 of the Regional Institutional Support Project in Public Finance Governance (RISPFG) (https://bit.ly/3Ufqehd) which will be implemented by two…

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    • (L-R) Dr. Adesina, president of African Development Bank Group and OPEC Fund Director-General Abdulhamid Alkhalifa
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Source: African Development Bank Group (AfDB) |

Organization of Petroleum Exporting Countries (OPEC) Fund and African Development Bank Group increase cooperation to promote sustainable development in Africa

The agreement sets the scope for further strategic and operational cooperation through co-financing of public and private sector projects, joint diagnostic and analytical work

The Organization of Petroleum Exporting Countries (OPEC) Fund for International Development and the African Development Bank Group (www.AfDB.org) have signed a memorandum of understanding to expand their partnership to support sustainable economic and social development in Africa. The agreement, signed at the 27th United Nations Climate Conference (COP27) in Sharm…

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    • Africa Investment Forum 2022 Draws $31 Billion in Investor Interest (1)
    • Africa Investment Forum 2022 Draws $31 Billion in Investor Interest (2)
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2022 Draws $31 Billion in Investor Interest

A total of $63.8 billion of investment interest mobilized in 2022

This year’s just concluded Africa Investment Forum Market Days—the continent’s premier investment platform—has drawn $31 billion in investment interest from African and global investors. Combined with $32.8 billion from the rescheduled 2021 Africa Investment Forum Market days—which took place as virtual boardrooms in March this year—the forum has mobilized a…

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    • Speakers at a Tuesday research conference side event at the Finance in Common Summit 2022 called for a new global financial architecture to tackle the impact of global shocks on developing countries
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Source: African Development Bank Group (AfDB) |

Finance in Common: Speakers call for new financial architecture to address the impact of global shocks on developing countries

They said it should include innovative ways to unlock greater investments from the public and private sectors

Ahead of Wednesday’s official opening of the Finance in Common Summit (FiCS) 2022 (https://FinanceinCommon.org) in Abidjan, speakers at a research conference side event called for a new global financial architecture to tackle the impact of global shocks on developing countries. They said it should include innovative ways to unlock greater investments…

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    • Heads of world’s development banks focus on sustainable recovery for Africa, and call for more cooperation to scale up help for most vulnerable
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Heads of world’s development banks focus on sustainable recovery for Africa, and call for more cooperation to scale up help for most vulnerable

They said the third Finance in Common Summit, held for the first time in Africa, would be proof of commitment to reducing poverty and “future proofing” the planet

Heads of public development banks on Wednesday underlined the critical need to build resilience for fragile countries and to boost African countries’ capacity to tackle global emissions in a sustainable manner. Stressing the need to forge even stronger cooperation, they said the third Finance in Common Summit (www.FinanceInCommon.org), held for…

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    • The African Development Bank had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York
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Source: African Development Bank Group (AfDB) |

77th United Nations General Assembly meetings stress key African Development Bank priorities: climate finance, job creation, and food insecurity

African Development Bank Group President Dr Akinwumi Adesina led the bank’s delegation to the meetings

The African Development Bank (www.AfDB.org) had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York. Meeting highlights included an urgent call for increased financing to mitigate the effects of climate change and food insecurity. African Development Bank Group…