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…

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…

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…

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…

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…

Source: African Development Bank Group (AfDB) |

Seventh Tokyo International Conference on African Development (TICAD7): PM Shinzo Abe says Japan will help double Africa’s rice production by 2030

“We must end hunger in Africa. Yes, we must! Hunger diminishes our humanity” - Adesina urges

The Sasakawa Association will work with the Japan International Corporation Agency (JICA), to help double rice production to 50 million tonnes by 2030.  Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7. “Japanese technology can play a key role…

Source: African Development Bank Group (AfDB) |

G7 Summit: President Macron and G7 leaders provide Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative with $251 million

AFAWA aims to raise up to $5 billion for African women entrepreneurs and the African Development Bank will provide $1 billion financing

French President Emmanuel Macron and G7 leaders on Sunday approved a package totalling $251 million in support of the African Development Bank’s (www.AfDB.org) AFAWA initiative to support women entrepreneurs in Africa. “I am particularly proud, as the current G7 president, that the programme we are supporting today, the AFAWA initiative,…

Source: African Development Bank Group (AfDB) |

African leaders share their vision for an integrated continent

The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s 2019 Annual Meetings

Leaders from four African countries on Wednesday shared their vision for an integrated and borderless Africa that would foster economic growth and development. The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s (www.AfDB.org) 2019 Annual Meetings. The panelists – President Teodoro Obiang Nguema…