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…

Source: African Development Bank Group (AfDB) |

Despite COVID-19 pandemic, Africa still a prime investment destination, participants affirm at African Development Bank (AfDB) webinar for Asian audiences

The webinar noted that the policy recommendations of the African Economic Outlook Supplement could be regarded as important opportunities for investments

Participants at a webinar to present the African Development Bank’s (www.AfDB.org) African Economic Outlook Supplement (https://bit.ly/33pjJjy) to Asian audiences on Monday have endorsed the report as critical for post-COVID-19 Africa. The supplement revises the growth projections and outlook for Africa for 2020 and 2021 and highlights the impact of COVID–19 on…

Source: African Development Bank Group (AfDB) |

Supporting Public Private Partnerships in Africa: African Development Bank ready to scale up

The African Development Bank estimates Africa’s infrastructure financing needs at up to $170 billion a year by 2025

Representatives of the African Development Bank (www.AfDB.org), governments, Development Finance Institutions, the private sector and  professional associations joined a September 8 workshop to discuss how the Bank can strengthen support for Public Private Partnerships and channel greater investment toward economic and social infrastructure. The event, titled Designing the African Development…

Source: African Development Bank Group (AfDB) |

African Development Bank approves $27.33 million to ramp up the African Union’s COVID-19 Response Initiative

The approval follows a meeting of the extended Bureau of the Conference of Heads of State and Government with Africa’s private sector on 22 April 2020

The African Development Bank’s Board of Directors (www.AfDB.org) on Wednesday approved $27.33 million in grants to boost the African Union’s (AU) efforts to mobilize a continental response to curb the COVID-19 pandemic. The approval follows a meeting of the extended Bureau of the Conference of Heads of State and Government…

Source: African Development Bank Group (AfDB) |

Small and medium enterprises lynchpin of African agriculture – African Development Bank

Africa’s emerging agripreneurs call for increased SME-to-SME cooperation at Bank-organized food systems webinar attached to the African Green Revolution Forum

A panel of some of Africa’s most promising small and medium-enterprise (SME) agripreneurs gathered online to call for more selective investment, accelerated business acquisitions and increased cooperation to help Africa feed itself and the world. The African Development Bank (www.AfDB.org) organized the virtual session, Integrating African Food Systems through the Lens…

Source: African Development Bank Group (AfDB) |

Rebuilding the African fashion industry in the (post) COVID-19 era: thinking digital and circular solutions

As factories close their doors and border closures and travel restrictions interrupt supply chains, the workers have been left to feel the worst effects

The disruption of the COVID-19 pandemic on global value chains and its impact on African businesses is already evident. As factories close their doors and border closures and travel restrictions interrupt supply chains, the workers - the most vulnerable and lowest paid people in the fashion supply chain – have…

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

“We must help Africa build back boldly, but smartly,” says African Development Bank President Adesina

The President stressed the new framework would enhance and complement the Bank’s High-5 priorities

In a speech kicking off his second term as African Development Bank (https://www.AfDB.org/) chief, newly sworn in President Akinwumi Adesina unveiled a sweeping vision to consolidate the institution’s successes of the last five years, hone the Bank’s operations and exploit opportunities and urgency created by the COVID-19 pandemic. “The COVID-19…

Source: African Development Bank Group (AfDB) |

African leaders reaffirm support for African Development Bank as President Adesina begins second term

The meetings were held virtually due to the restrictions imposed by the COVID-19 outbreak

African leaders on Tuesday reaffirmed their support for the African Development Bank Group (https://www.AfDB.org/) and its leadership under Dr. Akinwumi Adesina as he begins his second five-year term with a renewed mandate to foster sustainable development on the continent.  In goodwill messages to mark Adesina’s inauguration, Presidents Muhammadu Buhari of…

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

Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term

Adesina – “Let us move forward, driven by the power of our mission, inspired by the primacy of our vision and emboldened by the strength of our togetherness”

“Today, a rainbow stretches from the 81 member countries of the African Development Bank across the deep blue skies of Africa...The future beckons us for a more developed Africa and a much stronger and resilient African Development Bank.” With these powerful words President of the African Development Bank Group (www.AfDB.org),…