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

In Mozambique, water project boosts yields as farmers grapple with climate extremes

The project provided irrigation kits, constructed boreholes, small dams and water troughs that increased access to water for people and cattle

Felicidade Machava, 60, likes to recount the story about how, one year, she filled a small truck with maize from her harvest.   Machava, is a farmer in Guija district in Mozambique. The country has been experiencing weather volatility in the form of longer and more frequent cyclones and droughts. Extreme…

Source: African Development Bank Group (AfDB) |

Ghana Cocoa Board, African Development Bank and financial partners celebrate first $200 million disbursement of loan to boost cocoa productivity in Ghana

Ghana supplies 70% of all cocoa beans imported into Japan and cocoa is seen as one of the nation’s most essential import commodities

Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. The occasion was marked by a ceremony held in Accra, Ghana on Tuesday 23 June, followed online by hundreds of observers across…

Source: African Development Bank Group (AfDB) |

Togo: African Development Bank approves $3 million loan reallocation to agriculture sector for COVID-19 response

Togo is highly dependent on its agricultural sector, which accounts for more than 40% of GDP and employs almost 65% of its active population

The Board of Directors of the African Development Bank (www.AfDB.org) have approved the reallocation of $3 million in loan resources to help Togo purchase agricultural inputs to enhance food security in the wake of the COVID-19 pandemic. The approval on 18 June, enables required funds from a previously approved African…

Source: African Development Bank Group (AfDB) |

African Development Bank approves EUR 88 million loan to Cameroon to finance COVID-19 response

In Cameroon, the pandemic has revealed the structural weaknesses of the country’s health system and economy

The Board of Directors of the African Development Bank (www.AfDB.org) on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response. The loan, to the country’s COVID-19 Crisis Response Budget Support Programme (PABRC), falls under the framework of the Bank’s…

Source: African Development Bank Group (AfDB) |

Africa’s agriculture value chains must go digital to transform production - webinar

It explored digital responses that can be quickly deployed to address the disruptions to food systems, caused by COVID-19

Africa must seize the opportunity of the COVID-19 pandemic to deepen the digitalization of agricultural value chains and transform the sector, speakers at a webinar jointly hosted by the FAO Investment Centre and the African Development Bank (www.AfDB.org) said. The webinar, held on 10 June, is the first of a…

Source: African Development Bank Group (AfDB) |

African Development Bank and development partners propel Somalia back from the brink

The Bank’s current portfolio in Somalia totals $298 million, covering operations in agriculture, water and sanitation, transport, social and energy, and multi-sectoral projects

In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank (www.AfDB.org), paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country.…

Source: African Development Bank Group (AfDB) |

African Development Bank unveils strategy roadmap to safeguard food security against impacts of COVID-19

A report released alongside the roadmap recommends immediate, short- and medium-term solutions for the agriculture sector

The African Development Bank (www.AfDB.org) has unveiled a strategic roadmap of projects and programmes to assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft of immediate and longer-term measures. The Feed Africa Response to COVID-19 (FAREC) paves the way for a…

Source: African Development Bank Group (AfDB) |

African Development Bank approves new five-year strategy for Nigeria amidst COVID-19 concerns

The approval was made on 27 May 2020

The Board of Directors of the African Development Bank (www.AfDB.org) has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019 edition, and incorporates emerging developmental realities and opportunities shaping Nigeria’s political and economic landscape, including in the post-COVID-19 period. The approval was…

Source: African Development Bank Group (AfDB) |

Singer and activist Youssou N’Dour, Zambia’s Minister of Health, African Development Bank Vice President headline call to build African solidarity post-COVID-19

COVID-19 crisis could exacerbate inequalities in education, health and employment opportunities that exist on the continent

How can Africa build on the solidarity shown during the coronavirus pandemic to achieve the continent’s development goals in the post-COVID world? That was the question posed at a webinar hosted by the African Union’s Economic, Social and Cultural Council (AU-ECOSOCC) and the African Development Bank’s Civil Society and Community…

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

The “High 5s”: A strategic vision and results that are transforming Africa

Structural transformation is needed to create more jobs, reduce poverty and accomplish sustainable development objectives

For the past ten years, Africa has recorded some of the world’s strongest rates of economic growth. At the same time, many African economies continue to function at well below their full potential. Structural transformation is needed to create more jobs, reduce poverty and accomplish sustainable development objectives. The African…