Source: African Development Bank Group (AfDB) |

Tanzania: African Development Bank project tripled incomes of rural producers and traders

With $56.8 million in funding from the African Development Bank, the programme was undertaken in 32 districts with a population of 6.1 million in 1.2 million households

An African Development Bank (http://www.AfDB.org) project to enhance market infrastructure, value addition and rural finance (MIVARF) (https://bit.ly/38xRvFo) in Tanzania produced highly satisfactory results, according to a report released by the project team. The project, rolled out in the country between 2012 and 2017 increased the incomes of rural producers and…

Source: African Development Bank Group (AfDB) |

Africa’s agriculture value chains must go digital to transform production - webinar

It explored digital responses that can be quickly deployed to address the disruptions to food systems, caused by COVID-19

Africa must seize the opportunity of the COVID-19 pandemic to deepen the digitalization of agricultural value chains and transform the sector, speakers at a webinar jointly hosted by the FAO Investment Centre and the African Development Bank (www.AfDB.org) said. The webinar, held on 10 June, is the first of a…

Source: African Development Bank Group (AfDB) |

African Development Bank approves $20 million to contain spread of COVID-19 in G5 Sahel nations

An additional $1.372 million of grant funding from the Bank’s Transitional Support Facility, will also be deployed in G5 countries

The Board of Directors of the African Development Bank (https://www.AfDB.org) on 9 June 2020 approved $20 million in grant funding from the African Development Fund, to build capacity to curb and stop the spread of the COVID-19 pandemic in Mauritania, Mali, Burkina Faso, Niger, and Chad. The operation will provide…

Source: African Development Bank Group (AfDB) |

Vice-President Jennifer Blanke bids farewell to the African Development Bank

Blanke joined the Bank in early 2017 and has overseen a number of the Bank’s key programs

The African Development Bank (https://www.AfDB.org) has announced that Dr. Jennifer Blanke, Vice President for Agriculture, Human and Social Development, will be leaving the Bank effective July 4, 2020. Blanke joined the Bank in early 2017 and has overseen a number of the Bank’s key programs. “I thank President Akinwumi Adesina…

Source: African Development Bank Group (AfDB) |

Mitigating COVID-19’s impact on Africa’s food systems (By Atsuko Toda and Martin Fregene)

The global spread of COVID-19 and the rising number of coronavirus cases in Africa are fueling anxiety about negative economic growth, failing healthcare and collapsing food systems

By Atsuko Toda and Martin Fregene We are facing great uncertainty on the African continent. The global spread of COVID-19 and the rising number of coronavirus cases in Africa are fueling anxiety about negative economic growth, failing healthcare and collapsing food systems. We are already grappling with a locust outbreak…

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

Sierra Leone to count on African Development Bank to help build resilient economy, restore self-sufficiency in rice production

Sierra Leone also sought the Bank’s support for the implementation of its free quality education programme

Sierra Leone will look to the African Development Bank (www.AfDB.org) to stimulate agribusiness development in the country with a focus on rice production, its president Maada Bio told a visiting delegation led by its president Akinwumi Adesina. Adesina began a two-day visit to Sierra Leone on Wednesday, during which he…

Source: African Development Bank Group (AfDB) |

Sudan: African Development Bank signs first private sector loan, DAL Group to receive up to $75 million

The financing facility comes in the form of a senior corporate loan of up to the equivalent of $75 million in multiple currencies, which includes $40 million and EUR 30 million

The African Development Bank (www.AfDB.org) has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country. The agreement is the Bank’s first private sector loan to the East African nation. The…

Source: African Development Bank Group (AfDB) |

Nigeria: All hands on deck to implement Special Agro-Industrial Processing Zones, says Minister Nanono

A workshop was held in Abuja from 17 to 18 February to address the categorization and location of the SAPZs

The African Development Bank (www.AfDB.org), in collaboration with the government of Nigeria, has held a meeting with stakeholders to discuss details around Special Agro-Industrial Processing Zones in Nigeria. A workshop was held in Abuja from 17 to 18 February to address the categorization and location of the SAPZs, which are…

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

African Development Bank issues call to strengthen fertilizer value chains at Argus Africa Fertilizer Conference

Participants also discussed the need for closer cooperation between development partners and commercial banks to create exclusive fertilizer financing opportunities throughout Africa

The African Development Bank (https://www.AfDB.org) urged development finance institutions, NGOs, farmer cooperatives, and the private sector to develop more effective financing solutions for Africa’s fertilizer value chains. The Bank’s call to action came during the Argus Africa Fertilizer Conference held on 19 February. The conference’s theme was Supporting the fertilizer…

Source: African Development Bank Group (AfDB) |

Egypt: African Development Bank approves $22 million to expand leasing financing to corporates and SMEs

The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole

The Board of the African Development Bank (www.AfDB.org) on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. The Bank…