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African Development Bank Group (AfDB)

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    • African Development Bank’s “Technologies for African Agricultural Transformation” initiative wins National Association of Black Journalists Salute to Excellence Award
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Source: African Development Bank Group (AfDB) |

African Development Bank’s “Technologies for African Agricultural Transformation” initiative wins National Association of Black Journalists Salute to Excellence Award

The National Association of Black Journalists’ Salute to Excellence award is the third international communications recognition for the Bank’s TAAT initiative

America’s largest organization of journalists and media professionals of color has named the African Development Bank (www.AfDB.org) a “Salute to Excellence” award winner for the Bank’s communication around its Technologies for African Agricultural Transformation program. The National Association of Black Journalists cited the Bank’s excellence in online media relations and…

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    • Growing young green corn seedling sprouts in a cultivated agricultural farm field
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Source: African Development Bank Group (AfDB) |

Mozambique: African Development Fund approves additional $5.6 million grant funding to bolster food security and resilience

The additional financing targets the production of maize, soya beans, and sesame

The Board of Directors of the African Development Fund has approved a $5.6 million grant in additional funding for Mozambique’s Post Cyclone Idai and Kenneth Emergency Recovery and Resilience Program. This additional funding is under the Bank’s African Emergency Food Production Facility (https://bit.ly/3QfFI3h) aims to build the resilience of Mozambique’s…

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

Sierra Leone: African Development Fund Approves $2 Million Grant to Boost Food Production

The project will be rolled out through the established e-wallet input distribution system over two cropping seasons, beginning in 2022

The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group (www.AfDB.org), has approved a grant of $2 million to boost food production in Sierra Leone. The program falls under the African Development Bank Group’s $1.5 billion African Emergency Food Production Facility (https://bit.ly/3cB1QpX),…

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

The Gambia: African Development Fund Approves Additional $3.3 Million Financing for Rice Value Chain Transformation Program

The additional financing will focus on providing subsidized inputs as well as policy reforms destined to scale up food production

The Board of Directors of the African Development Bank Group (https://www.AfDB.org/) has approved a grant of $3.5 million from the African Development Fund’s Transition Support Facility (https://bit.ly/3B8V9pr) as additional financing for a rice value chain transformation project in the Gambia. The Rice Value Chain Transformation Program was started in December 2018, with…

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

Somalia: African Development Fund Approves $5.4 Million Grant to Build Food Security, as Millions Face Crisis

The grant constitutes additional financing to the multinational Program to Build Resilience for Food and Nutrition Security (BREFONS)

The Board of Directors of the African Development Fund has approved a $5.4 million grant to support the building of urgently needed food security in Somalia. The grant constitutes additional financing to the multinational Program to Build Resilience for Food and Nutrition Security (BREFONS) and will specifically deploy certified quality…

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    • The Bank's approval of African Emergency Food Production Facility programs for 24 countries - and counting - will see more farmers access climate-smart seed, fertilizer and other support to boost Africa's food security.
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Board Approves More Than $1 Billion for Emergency Food Production Plan

Facility targets 20 million African smallholder farmers to end reliance on food imported from Russia and Ukraine

The African Development Bank Group’s (www.AfDB.org) Board of Directors has approved 24, fast-track programs to help Africa mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate change and the Covid-19 pandemic. The first round of approvals is part of the Bank’s $1.5 billion African Emergency Food…

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    • Workers carry bags of fertilizer at a warehouse in Njombe, Tanzania
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Source: African Development Bank Group (AfDB) |

African Development Bank Group approves $73.5 million to boost food production in Tanzania

This approval comprises a $2.5 million grant from the resources of the African Development Fund, the Bank Group’s concessional window, and a $71 million loan

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Friday approved $73.5 million to finance a program that will boost Tanzania’s food production by a million tonnes in three years. The Tanzania Agricultural Inputs Support Project, spanning September 2022-June 2025, was designed under the Bank Group’s African…

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

Egypt: African Development Bank approves USD 271 million for the Food Security and Economic Resilience Support Program

The program includes two major components: Support for the Food Security Response and Build Private Sector and Fiscal Resilience

The African Development Bank (www.AfDB.org) Board of Directors approved a loan of USD 271 million to finance Egypt’s Food Security and Economic Resilience Support Program to support efforts to mitigate the impact of the global shocks on the domestic economy from the Russia-Ukraine conflict and to preserve resilience. The program…

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

Nigeria: African Development Bank Board Approves $134 Million Loan to Boost Local Food Production

The program will support fast-tracking of the implementation of key policy and institutional reforms and boost private sector participation in agriculture

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Friday approved a $134 million loan for the National Agriculture Growth Scheme – Agro Pocket program in Nigeria to scale up food production and boost livelihood resilience. The program will support fast-tracking of the implementation of key policy…

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

African Development Bank Grants $1.4 Million to Export Trading Group to Strengthen Entrepreneurship Skills of Women-owned & Led Businesses in Mozambique, Tanzania and Zambia

ETG is one of the largest and fastest-growing integrated agricultural supply chain managers and processors in Sub-Saharan Africa

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $1.4 million technical assistance grant to Export Trading Group (ETG) for the funding of women-owned businesses in three countries in Sub-Saharan Africa. ETG is one of the largest and fastest-growing integrated agricultural supply chain managers and…