Source: African Development Bank Group (AfDB) |

African countries commit to double agricultural productivity as development banks and partners pledge over $17 billion to increase food security

Of the overall amount pledged, more than $10 billion came from The African Development Bank

A coalition of multilateral development banks and development partners has pledged over $17 billion in financing to address rising hunger on the African continent, and to improve food security. These funds were pledged on the final day of a two-day high-level dialogue called Feeding Africa: leadership to scale up successful…

Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund provides $31.2 million to boost nutrition and end child stunting

The Multi-sectoral Approach for Stunting Reduction Project (MASReP) will target forty districts or woredas in the country’s Amhara and Tigray regions

The Board of Directors of the African Development Fund has approved a grant of $31.2 million to the Government of Ethiopia to increase access to multi-sectoral nutritional services for children under-five years, by boosting access to services for improved health, a more diverse and nutritious food, and improving knowledge, attitude…

Source: African Development Bank Group (AfDB) |

African Development Bank, IFAD and partners redouble efforts to stop hunger in Africa and strengthen food security

The number of people living with hunger across the African continent increased from 214 million to 246 million between 2015 and 2020

The African Development Bank (www.AfDB.org) and the International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, today pledged to work closely with African leaders to address rising hunger on the continent and shore up adequate financing to…

Source: African Development Bank Group (AfDB) |

The African Development Bank: a strategic partner in developing resilience and sustainable energy in the Sahel region

The Sahel Alliance has invited the African Development Bank to lead a working group on agriculture, rural development and food security

The Sahel Alliance will hold its second general assembly in N'Djamena, Chad on Monday, 15 February 2021. The meeting will take place on the side-lines of a summit for the G5 Sahel countries— Burkina Faso, Mali, Mauritania, Niger, Chad—as well as France. The African Development Bank (www.AfDB.org) played an active…

Source: African Development Bank Group (AfDB) |

African Development Bank, FAO and South Sudan’s government ink protocols for $14 million grant to boost agricultural markets

The Agricultural Markets, Value Addition and Trade Development project aims to enhance agricultural productivity and boost the marketing and trade of agricultural products

The African Development Bank (www.AfDB.org) on Wednesday signed protocols to disburse a $14 million grant to the Government of South Sudan to boost agricultural markets in a project to be implemented by the UN’s Food and Agriculture Organization (FAO). The Agricultural Markets, Value Addition and Trade Development (AMVAT) project aims…

Source: African Development Bank Group (AfDB) |

Food security, agriculture, African Continental Free Trade Area (AfCFTA), crucial for Africa’s post-COVID-19 recovery - African Economic Conference

The African Development Bank has provided much-needed financial and technical assistance to the sector, including small scale agribusinesses

“The agriculture sector is among the most vulnerable. Agriculture is important not only for food security issues but also for inter-regional food integration,” African Development Bank (www.AfDB.org) Director of Macroeconomic Policy, Forecasting and Research, Hanan Morsy, said during a news conference on the opening day of the African Economic Conference…

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…