Source: African Development Bank Group (AfDB) |

Sudan: $28.233 million in African Development Fund Grants to bolster response to COVID-19

The grants are being provided under the African Development Bank’s COVID-19 Response Facility

The Board of the African Development Fund on Wednesday approved grants worth $28.233 million to Sudan to shore up the country’s health system to effectively respond and contain the COVID-19 pandemic, mitigate its social and economic impacts and build resilience to future pandemics, including climate-induced outbreaks.  The funding will take…

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

COVID-19 is a ‘wake-up command’ to address Africa’s challenges - Tony Blair

The former UK prime minister addressed a virtual audience on the topic Building Back Better in Post COVID-19 Africa: The Role of Technology and Governance, as part of the Kofi A. Annan Lecture Series

We have the same problems but what we also have is vastly increased urgency – Blair; Agriculture offers Africa its best opportunity for industrialization…the key is how does Africa raise productivity, develop the integrated technology in rural areas? - Adesina The COVID-19 pandemic has exposed the challenges and opportunities of…

Source: African Development Bank Group (AfDB) |

A whole of society approach: Women are key to building resilient communities beyond COVID-19 (By Vanessa Moungar and Yero Baldeh)

Women are the backbones of African economies and can be key drivers of transformation as we strive to build back better, more resilient societies

By Vanessa Moungar and Yero Baldeh* In Africa’s fragile contexts, the burden of conflict, poverty and climate change falls most heavily on already marginalized groups. If we do not significantly and collectively step up our efforts, the continent’s share of the world’s poor will rise to over 90% by 2030,…

Source: African Development Bank Group (AfDB) |

COVID-19 stresses the need to transform Africa’s water, sanitation and hygiene services sector (By Osward M. Chanda)

The SWA Africa Region Finance Ministers’ Meeting held 4 November, highlighted a need for the continent’s Ministers of Finance to place more focus on and increase investments for water, sanitation and hygiene (WASH)

By Osward M. Chanda Alarming headlines that announced the arrival of the coronavirus pandemic in Africa in March 2020 have given way to stories of chin-stroking scientists wondering about the reasons for the relatively mild impact – compared to other continents – which COVID-19 has had on Africa. More than…

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

Development finance institutions pledge to sustain COVID-19 mitigation, livelihood recovery

They discussed how to achieve maximum impact in their relief efforts, and the debt sustainability of beneficiary countries

Multilateral development finance institutions on Wednesday pledged to continue to collaborate in their efforts to mitigate the adverse impact of the COVID-19 pandemic and accelerate the recovery of economies and livelihoods. At an extraordinary virtual meeting to discuss the impact of their responses to the pandemic and the worsening debt…

Source: African Development Bank Group (AfDB) |

Tanzania: African Development Fund Approves $50.7m COVID-19 Crisis Response Budget Support

The pandemic has put increased pressure on Tanzania’s health facilities, social protection systems and has dampened the country’s projected growth of over 6.2%

The Board of Directors of the African Development Fund (ADF) has approved a loan of UA 36 million ($50.7 million) to Tanzania, to finance the nation’s response to the COVID-19 pandemic. The loan, from the African Development Bank Group’s (https://www.AfDB.org/) COVID-19 Response Facility (CRF), will support the Government of Tanzania’s…

Source: African Development Bank Group (AfDB) |

CORRECTION: African Development Bank wins global award for COVID-19 bond issue

The bond issue is part of a suite of interventions the Bank has rolled out to strengthen African countries’ responses to the health and economic impacts of the COVID-19 pandemic

The African Development Bank (www.AfDB.org) was selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued on March 27, 2020. The winners of the GlobalCapital Bond Awards 2020 were announced on 30…

Source: African Development Bank Group (AfDB) |

African Development Bank wins global award for COVID-19 bond issue

The winners of the GobalCapital Bond Awards 2020 were announced on 30 September at a ceremony held virtually for the first time in 12 years

The African Development Bank (https://www.AfDB.org/) was selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued on March 27, 2020. The winners of the GobalCapital Bond Awards 2020 were announced on 30…

Source: African Development Bank Group (AfDB) |

Mauritania: African Development Bank extends $2.1 million for rollout of Disaster Risk Financing

The Bank is extending the funding under its Africa Disaster Risk Financing (ADRIFI) program to enable the country to take out a drought risk index-based insurance policy

The African Development Bank’s (www.AfDB.org) Board on Wednesday approved a grant of $2.1 million to boost the country’s resilience against climate related shocks and food insecurity. The funds, sourced from the African Development Fund, will go to provide technical and institutional support to strengthen Mauritania’s capacity to assess climate-related risk.…

Source: African Development Bank Group (AfDB) |

African Leaders for Nutrition call on leaders to embed nutrition within the Covid-19 response and recovery

The pandemic has created major global health and economic shocks, with unprecedented impacts on people’s health, nutrition and livelihoods

The African Leaders for Nutrition (https://bit.ly/33zUF9k) (ALN) have unveiled a position paper calling upon African Heads of State and Governments to ensure that financing for nutrition is included in their country’s COVID-19 response and recovery plans. The position paper, titled “Embedding Nutrition within the COVID-19 Response and Recovery,” was sent…