Source: African Development Bank Group (AfDB) |

A Heartfelt Tribute to Institutions and People Who Never Stop Caring (By Nafissatou N’diaye Diouf)

The 2020 Nobel Peace Prize has created a renewed impetus to rally around hunger, scale-up efforts to mobilize much-needed funds

By Nafissatou N’diaye Diouf, Acting Director, Communication and External Relations, at the African Development Bank Group The sight of David Beasley, in a recent tweet, sitting on the floor of the World Food Programme (WFP) office in Niger surrounded by staff, celebrating a well-deserved Nobel peace prize win, brought back…

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 Development Bank partners with Alliance for a Green Revolution in Africa as sponsor of virtual African Green Revolution Forum (AGRF)

AGRF online will convene the most senior decision-makers of governments in the same digital space as grassroots players along the agricultural value chain

The African Development Bank (https://www.AfDB.org/en) returns as a top-tier partner of the African Green Revolution Forum (AGRF) – Africa’s largest agriculture conference – to be held online for the first time from 8-11 September 2020, in light of the COVID-19 pandemic. The tenth annual AGRF will be headlined by African…

Source: African Development Bank Group (AfDB) |

Opening Speech by Dr. Akinwumi A. Adesina, President of The African Development Bank at The 2020 Annual Meetings of The African Development Bank Group

The Bank launched a $10 billion COVID-19 Response Facility to support African countries

Your Excellency, President Alassane Ouattara, President of the Republic of Côte d’Ivoire,   • Honorable Minister Niale Kaba, Chairperson of the Board of Governors  • Honorable Governors  • Members of the Board of Directors  • Senior management and staff of the Bank  • Ladies and Gentlemen   1. Good morning and welcome…

Source: African Development Bank Group (AfDB) |

Post COVID-19: Rebuilding Africa and strengthening its resilience against future economic shocks (By Charles Leyeka Lufumpa)

By Charles Leyeka Lufumpa, Acting Chief Economist and Vice President for Economic Governance and Knowledge Management at the African Development Bank Group

After demonstrating its resilience during the Ebola outbreak and the global financial crisis, Africa is once again facing a severe test of its strength and agility because of the coronavirus pandemic. The good news is that the continent has entered this crisis in reasonably good shape following decades of progression…

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…