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African Development Bank Group (AfDB)

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    • A Beninese farmer transplanting Nerica rice. The African Development Fund partial credit guarantee will allow Benin to raise funds to invest in sustainable development sectors such as agriculture.
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Source: African Development Bank Group (AfDB) |

Benin: African Development Fund to Provide Partial Credit Guarantee to Facilitate Resource Mobilization for Sustainable Development Goals

The partial credit guarantee will enable Benin to raise funds in foreign currency from international investors for expenditures related to meeting SDG targets

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved a partial credit guarantee to support Benin’s mobilization of financing to meet United Nations Sustainable Development Goals (SDGs) targets. The partial credit guarantee will enable Benin to raise…

African Development Bank Group (AfDB)

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    • In Benin, the Ouémé Valley is recording a surplus of agricultural food production (rice, maize), thanks to a project supported by the African Development Bank.
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Source: African Development Bank Group (AfDB) |

Residents of Benin’s Ouémé Valley Increase Their Incomes, Thanks to an African Development Fund Project

The project, expected to close in December 2022, received $74.83 million in co-funding from the African Development Bank Group's concessional arm, the African Development Fund

Following its launch in Benin in 2013, the Ouémé Valley Rural Infrastructure Support Project (https://bit.ly/3bnewkj) successfully improved the incomes of local populations. Rice farmers in the region now earn $361.47 a year, surpassing the target of $221.99. The project, expected to close in December 2022, received $74.83 million in co-funding from…

African Development Bank Group (AfDB)

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    • African Development Bank New Series of African Country Gender Profiles Show Progress in Addressing Gender Discriminatory Law
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Source: African Development Bank Group (AfDB) |

African Development Bank New Series of African Country Gender Profiles Show Progress in Addressing Gender Discriminatory Law

The Bank’s country gender profiles evaluate gender equality and offer recommendations to drive parity across a range of metrics

New reports the African Development Bank (www.AfDB.org) has produced on Benin, Djibouti, Somalia, Zimbabwe and Liberia show the countries have successfully put national policies in place to advance gender equality. At the same time, the Covid-19 pandemic has sharpened the challenges women face.    Prepared in collaboration with the countries…

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

Green banks and national climate funds have a key role in mobilizing funds for low-carbon, climate-resilient development in Africa: report

The ground-breaking study, released on Tuesday 23 March, is expected to underpin development of a multi-country climate finance initiative in Africa

The African Development Bank and the Climate Investment Funds [CIF (https://bit.ly/3vSPNtq)] have joined forces (https://bit.ly/2OQ4QU9) to produce a study of the role of green banks and national climate change funds in mobilizing finance to support low-carbon, climate-resilient development in Africa. The ground-breaking study (https://bit.ly/2OY4mv7), released on Tuesday 23 March, is…

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…

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

African Development Bank approves €40 million in grants for bridge linking Cameroon and Chad

The grants, comprising a €20.785 million tranche for Cameroon and €19.215 million for Chad, were approved on 30 April 2020

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river. The grants, comprising a €20.785 million tranche for Cameroon and €19.215 million for Chad, were approved on 30…

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

Africa Climate Change Fund Grants Nearly $1 Million to Support Access to Climate Finance in Benin and Lesotho

The project proposal, approved in September, has been designed with the goal to improve the climate resilience of communities and local economies by increasing investments in climate change adaptation in target areas

The Africa Climate Change Fund (ACCF) (http://bit.ly/34JgdzF) has approved a project proposal for a total of $997, 524 to support Benin and Lesotho to access international climate finance, an initiative underpinned by evidence that adaptation to climate change must start locally. While local responses can create opportunities for innovative solutions, most…

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

2019 Africa Visa Openness Index: African Union Commission, African Development Bank report shows wins in visa restrictions across Africa

This fourth edition of the Index shows that 47 countries improved or maintained their visa openness scores in 2019

For the first time, on average, Africans can travel to approximately 27 countries visa-free or with a visa on arrival; Ethiopia moves up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa. Dowload report: https://bit.ly/2rwlzQ9 For the first time, African travellers have liberal access…

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

African Development Bank climate change initiative: Top experts form the Adaptation Benefits Mechanism board

The Bank established the interim executive board of the Adaptation Benefits Mechanism (ABM) on 4 October 2019

The African Development Bank (www.AfDB.org) has appointed a group of renowned experts to the board of a continental initiative to mobilize financing for resilience to the negative impacts of climate change. The Bank established the interim executive board of the Adaptation Benefits Mechanism (ABM) (https://bit.ly/2NezjGi) on 4 October 2019. The…

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

World Food Prize and World Hunger Fighters Foundation Launch Fellowship for Young African Agribusiness Innovators

The World Hunger Fighters Foundation will award annual Borlaug-Adesina Fellowships to young Africans

The World Food Prize Foundation and the newly launched World Hunger Fighters Foundation are partnering to provide year-long fellowships for young African food innovators and entrepreneurs.  The World Hunger Fighters Foundation will award annual Borlaug-Adesina Fellowships to young Africans to develop new technologies, champion public policy, and develop viable businesses…