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African Development Bank Group (AfDB)

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    • African Development Bank Group president Akinwumi Adesina (left) and International Fund for Agricultural Development (IFAD) President Alvaro Lario
    • African Development Bank Group president Akinwumi Adesina (left) and Food and Agriculture Organization (FAO) Director General Qu Dongyu
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Source: African Development Bank Group (AfDB) |

Achieving Zero Hunger in Africa is within reach, say global Agriculture leaders in Rome ahead of 2023 African Food Summit in Dakar

The goal of the Dakar 2 conference is to mobilize political support for the structural transformation of agriculture in Africa

Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. Meeting ahead of the African Food Summit (Dakar 2) to be hosted by President Macky Sall in Dakar, Senegal, from 25-27 January 2023, President of the African Development Bank Group (https://www.AfDB.org/en) Dr. Akinwumi Adesina, the International Fund for…

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

Botswana: African Development Bank Group commits $180 million to bolster post-Covid-19 economic recovery

The program will directly benefit several government ministries, departments and agencies

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery. The funds for phase II of the program will build on the successes of the first phase by supporting policy measures designed to…

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

Liberia: African Development Bank Group approves $5.12 million financing for Emergency Food Production Program

The funding includes a grant of $2.28 million and a loan of $2.84 million from the Bank Group’s Transition Support Facility

The Board of directors of the African Development Bank Group (www.AfDB.org) has approved financing for the Emergency Food Production Program in Liberia (http://bit.ly/3gu1AM3). This paves the way for the government to support farmers as they increase climate resilient food production and mitigate the impact of the ongoing war in Ukraine. The funding…

African Development Bank Group (AfDB)

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    • Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)
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Source: African Development Bank Group (AfDB) |

Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)

The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth

The Board of Directors of the African Development (https://www.AfDB.org) Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region. The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women…

African Development Bank Group (AfDB)

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    • L-R: Sierra Leone’s Minister of Agriculture and Forestry, Abu Bakarr Karim; Senegal’s Minister of Agriculture, Ali Ngouille; Norwegian Minister of International Development, Anne Beathe Tvinnereim; African Development Bank Group President Akinwumi Adesina; Ghana’s Minister of Food and Agriculture, Owusu Afriyie Akoto; World Bank Regional Director for Sustainable Development for Africa, Simeon Ehui; and IFAD Vice-President for Knowledge and Strategy, Jo Puri.
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP27): African Ministers Explore Ways to Scale up Food Production to Feed the Continent, Bolster Resilience

During the special ministerial session, there was a strong consensus that Africa can feed itself if supported with green financing and climate-smart technology to boost agriculture productivity

African agriculture ministers attending the United Nations climate summit in Egypt reiterated a commitment to work with development partners to unlock the continent’s agriculture potential. During the special ministerial session, there was a strong consensus that Africa can feed itself if supported with green financing and climate-smart technology to boost…

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    • $2 million in prizes awarded at Conference of the Parties (COP27) to African youth-led businesses
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Source: African Development Bank Group (AfDB) |

$2 million in prizes awarded at Conference of the Parties (COP27) to African youth-led businesses

In addition to the grant, each winner benefits from a 12-month accelerator program to help them grow their businesses, deepen their impact and create decent jobs

Twenty African youth-led enterprises have won grant funding of up to $100,000 each in this year’s African Youth Adaptation Solutions Challenge (YouthADAPT) competition. In addition to the grant, each winner benefits from a 12-month accelerator program to help them grow their businesses, deepen their impact and create decent jobs. The…

African Development Bank Group (AfDB)

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    • Beneficiaries of the Togo agri-food project
    • A team from African Development Bank country office visiting the project site
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Source: African Development Bank Group (AfDB) |

In Togo, the African Development Bank-supported Agro-Food Processing Project hits its stride

The project is financed by the African Development Bank (47%), West African Development Bank (28%), the Government of Togo (17%) and the Seamaul Foundation (8%)

In the pilot agropole of Kara, located some 423 kilometres north of Lomé, the capital city of Togo, there is a constant hum of bulldozers and harrowers. A few metres away from the deafening noise, engineers and agricultural technicians are supervising the work and talking to community representatives. Launched at…

African Development Bank Group (AfDB)

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    • Lamin Barrow, The African Development Bank’s Director General for Nigeria and Yemisi Edun, FCMB’s Managing Director
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank, First City Monument Bank sign agreement for $50 million line of credit to bolster access to finance for small, medium and women-owned businesses

The project is expected to improve access to finance for at least 50 enterprises: 29 in the agribusiness and manufacturing sectors, 9 in renewable energy and 13 in the healthcare industry

The African Development Bank (www.AfDB.org) has signed an agreement with First City Monument Bank (FCMB) for a $50 million line of credit to support access to finance for small and medium-sized and women-empowered enterprises. FCMB will use the line of credit to expand lending activities that will boost the country’s…

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    • Construction of the Manzini Golf Course interchange in Eswatini
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Source: African Development Bank Group (AfDB) |

Eswatini: African Development Bank satisfied with portfolio implementation progress at mid-term of Country Strategy Paper

The Country Strategy Paper cites 11 projects that are to be approved during the remainder of the CSP period, 2022-2024

Meeting on Tuesday, 18 October 2022, the Board of Directors of the African Development Bank Group (https://www.AfDB.org/) approved the mid-term report of the implementation of the Bank’s 2020-2024 Country Strategy Paper (CSP) for Eswatini and the 2022 country portfolio performance.   The review assessed the extent to which the objectives…

African Development Bank Group (AfDB)

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    • In central Senegal, agricultural producers will benefit from essential seeds, good access to knowledge and financial and non-financial resources
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Extends €63.6 Million Loan for Agro-Processing Project in Senegal

The Ministry of Industrial Development and Small and Medium Industries will implement the project in four regions in central Senegal

The Board of Directors of the African Development Bank Group (https://www.AfDB.org/) on 26 October 2022 in Abidjan approved a loan of €63.6 million to Senegal to implement the Agropole-Centre agro-industrial processing zone project. The Ministry of Industrial Development and Small and Medium Industries will implement the project in four regions…