Source: African Development Bank Group (AfDB) |

African Continental Free Trade Area (AfCFTA): Free trade bloc can be a game changer for African people and business

The African Development Bank is actively supporting or looking to support initiatives to boost trade and improve livelihoods for Africans

Exploring strategies to deepen private sector participation in the implementation African Continental Free Trade Area (AfCFTA) was the highlight of a panel session during the 2021 WTO Aid-for-Trade Stocktaking meeting. The African Development Bank (www.AfDB.org), the United Nations Industrial Development Organization (UNIDO) and International Trade Centre (ITC) organized the session held…

Source: African Development Bank Group (AfDB) |

The African Development Bank: a strategic partner in developing resilience and sustainable energy in the Sahel region

The Sahel Alliance has invited the African Development Bank to lead a working group on agriculture, rural development and food security

The Sahel Alliance will hold its second general assembly in N'Djamena, Chad on Monday, 15 February 2021. The meeting will take place on the side-lines of a summit for the G5 Sahel countries— Burkina Faso, Mali, Mauritania, Niger, Chad—as well as France. The African Development Bank (www.AfDB.org) played an active…

Source: African Development Bank Group (AfDB) |

African Development Bank, FAO and South Sudan’s government ink protocols for $14 million grant to boost agricultural markets

The Agricultural Markets, Value Addition and Trade Development project aims to enhance agricultural productivity and boost the marketing and trade of agricultural products

The African Development Bank (www.AfDB.org) on Wednesday signed protocols to disburse a $14 million grant to the Government of South Sudan to boost agricultural markets in a project to be implemented by the UN’s Food and Agriculture Organization (FAO). The Agricultural Markets, Value Addition and Trade Development (AMVAT) project aims…

Source: African Development Bank Group (AfDB) |

African Development Bank’s Adaptation Benefits Mechanism helps to climate-proof Ivorian smallholder farms’ cocoa yields

Cocoa plantations, which are the backbone of the world’s chocolate supply, are highly vulnerable to climate hazards, such as heatwaves, droughts, seasonal shifts, and erratic rainfall

Help is on the way for the global cocoa supply chain, severely threatened by climate change. A new project by the African Development Bank (www.AfDB.org) and the International Agroforestry Agency [ICRAF (www.WorldAgroForestry.org)] would bring relief to two Ivorian smallholder cocoa farmers’ communities in Soubre and Vavoua currently grappling with declining…

Source: African Development Bank Group (AfDB) |

Food security, agriculture, African Continental Free Trade Area (AfCFTA), crucial for Africa’s post-COVID-19 recovery - African Economic Conference

The African Development Bank has provided much-needed financial and technical assistance to the sector, including small scale agribusinesses

“The agriculture sector is among the most vulnerable. Agriculture is important not only for food security issues but also for inter-regional food integration,” African Development Bank (www.AfDB.org) Director of Macroeconomic Policy, Forecasting and Research, Hanan Morsy, said during a news conference on the opening day of the African Economic Conference…

Source: African Development Bank Group (AfDB) |

African Development Bank’s AgriPitch competition awards $120,000 in prizes to African youth “agripreneurs”

The AgriPitch competition offered young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals to a panel of experts and investors

The founder of a cassava processing business in Kenya, a co-founder of a novel food processing technology start-up, and the owner of a smallholder farmer food procurement company in Nigeria won the top cash prizes in the African Development Bank’s (https://www.AfDB.org/) $120,000 AgriPitch competition on Tuesday. The AgriPitch competition offered…

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

25 young African agripreneurs advance to ‘boot camp’ in the African Development Bank’s $120,000 AgriPitch Competition

The final round offers young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals online to a panel of experts and investors who will select the winners

Twenty-five young African agripreneurs have advanced to the “boot camp” final round of the African Development Bank’s (www.AfDB.org) AgriPitch competition, stepping closer to a share of $120,000 in seed funding prizes, training and other benefits. The final round offers young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their…

Source: African Development Bank Group (AfDB) |

A Ghanaian maize farmer thrives on the ashes of destroyed forest

Hundreds of farmers are benefitting from a project that repurposes degraded forest land

For years, Christiana Akwabea admired the vast fields she visited in neighboring districts to buy maize for reselling and dreamed of one day owning a plot of land where she could grow the staple crop. But there wasn’t much land for commercial farming in Seikwa in Ghana’s Bono Region, and…

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

African Development Bank AgriPitch Competition: $120,000 in prizes on offer during African Youth Agripreneur Forum 3-17 November

The AgriPitch competition is open to youth aged 18 to 35 who hold African nationality or citizenship and who submit their application online by 23rd October

There are just hours to go until the 23 October deadline to enter the African Development Bank’s (www.AfDB.org) AgriPitch Competition. Selected entries by African youth agripreneurs will be invited to showcase their agribusiness startup plans and compete for a share of $120,000 in funding seed prizes, a slot of the…

Source: African Development Bank Group (AfDB) |

The Africa Fertilizer Financing Mechanism, OCP Africa team up to increase access to fertilizers in Côte d’Ivoire and Ghana

The project will reduce potential risks along the agricultural value chain, and improve access to quality inputs, including fertilizers, in Côte d'Ivoire and Ghana

The African Development Bank (www.AfDB.org) has approved the participation of the Africa Fertilizer Financing Mechanism (AFFM) (www.AfDB.org/en/affm) in a $4 million partial trade credit guarantee with OCP Africa (www.OCPAfrica.com), a subsidiary of the OCP Group. The project will reduce potential risks along the agricultural value chain, and improve access to…