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    • The African Development Bank is working towards establishing an Africa Emergency Food Production Plan which would result in the rapid production of 38 million tons of food across Africa over the next two years – Akinwumi Adesina, President, African Development Bank Group
    • “276 million people are marching toward starvation” – David Beasley, Executive Director, World Food Programme
    • “A perfect storm is leading to heightened global food insecurity, worse, much worse than the previous food crises over the past decade,” warned Tjada D’Oyen McKenna, Chief Executive Officer, Mercy Corps
    • “We should be concerned and even alarmed about the widening food security crisis that this war is causing for hundreds of millions far beyond Eastern Europe,” said Senator Coons, Chair of the Senate subcommittee on State, Foreign Operations and Related Programs.
    • Senate Appropriations Subcommittee on State Work Plan
    • Senate Appropriations Subcommittee on State Work Plan (FR)
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    • “A 1.5 billion African Emergency Food Production plan to avoid a looming food crisis,” tells President Adesina to U.S. Senate
    • “Africa must prepare for the inevitable global food crisis,” warns President Adesina during U.S. Senate hearing session
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Source: African Development Bank Group (AfDB) |

African Development Bank Group seeks US support for $1.5 billion emergency food plan for Africa

The plan is anchored on the provision of certified seeds of climate-adapted varieties to 20 million African farmers

The president of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, made a compelling case, on Wednesday, for the United States to back the institution’s $1.5 billion emergency food production plan. The plan seeks to avert a looming food crisis in Africa caused by Russia’s war in Ukraine. Download audio…

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    • His Highness Sheikh Maktoum Bin Mohammed Al Maktoum, Dubai’s Deputy Ruler, Deputy Prime Minister and Minister of Finance of the United Arab Emirates, and the African Development Bank chief, discussed strategic opportunities that would strengthen economic ties between the UAE, the Bank, and Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President wraps up three-day visit to the UAE

The visit explored potential partnerships for strategic investment in Africa between the African Development Bank Group and the UAE

African Development Bank Group (www.AfDB.org) President Dr Akinwumi A. Adesina wrapped up an official visit to the United Arab Emirates on Friday. The three-day visit covered engagements in Dubai and Abu Dhabi. The visit—which took place alongside the World Government Summit and the closing days of Expo 2020 Dubai—explored potential partnerships…

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    • African Development Bank Group President Akinwumi A. Adesina visiting DP World ahead of his meeting with DP World Chairman
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African Development Bank Group President commences three-day visit to the United Arab Emirates

The Bank Group chief is expected to meet with His Highness Sheikh Maktoum Bin Mohammed Al Maktoum, Minister of Finance of the United Arab Emirates

African Development Bank Group (www.AfDB.org) President Dr Akinwumi A. Adesina arrived in Dubai today at the start of a three-day official visit to the United Arab Emirates. The Bank Group chief is expected to meet with His Highness Sheikh Maktoum Bin Mohammed Al Maktoum, Minister of Finance of the United…

Source: African Development Bank Group (AfDB) |

CORRECTION: Africa is the place to invest, visiting US congressional delegation acknowledges to African Development Bank chief

The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday

United States Congressman Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now. The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on…

Source: African Development Bank Group (AfDB) |

Africa, Latin America and the Caribbean join forces to drive circularity

Dialogue was held among entrepreneurs, academics, and champions on the need to scale up the transition towards circular economies

The African Circular Economy Alliance (ACEA) (www.ACEAafrica.org), and the Circular Economy Coalition of Latin America and the Caribbean (CEC LAC) (https://bit.ly/3hHaxPw) have organized the first regional dialogue to strengthen cooperation around their common objectives. The event, titled “Regional deep-dive: Africa, Latin America & the Caribbean joining forces for circularity,” took…

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    • Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say
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Source: African Development Bank Group (AfDB) |

Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say

Participants said India and Africa should boost efforts to improve access to medicines, including vaccines and other essential drugs to tackle Covid-19 and future pandemics

The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership (https://bit.ly/3rgmnDG) affirmed. Speaking at the virtual event’s opening, Subrahmanyam Jaishankar,…

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African Development Bank’s Affirmative Finance Action for Women in Africa program showcased at Generation Equality Forum

AFAWA is a pan-African initiative whose goal is to unlock financing to bridge the $42 billion financing gap that women entrepreneurs face in Africa

The African Development Bank Group (www.AfDB.org) President, Dr. Akinwumi A. Adesina, joined French President Emmanuel Macron and others at the Generation Equality Forum taking place in Paris this week. He highlighted the role of the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative in growing the continent’s women-led…

Source: African Development Bank Group (AfDB) |

Correction and reissue: Africa Renewable Energy Fund II secures €130 million first close with SEFA and CTF investments

See Editor’s note below

The Africa Renewable Energy Fund II has achieved its first close at €130 million, following a joint investment of €17.5 million from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank (www.AfDB.org). AREF II, a successor to the original Fund, is a 10-year…

Source: African Development Bank Group (AfDB) |

Korea to channel $600 million into energy investments alongside the African Development Bank

The Korea-Africa Energy Investment Framework (KAEIF) pact follows the signing on 28 May 2021 of a General Cooperation Agreement between the Bank and the Korean government

The African Development Bank (www.AfDB.org), the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank. The Korea-Africa Energy Investment Framework (KAEIF) pact follows the signing on…

Source: African Development Bank Group (AfDB) |

Covid-19: African countries win the race against time with testing laboratories

Daily testing capacity of African countries rose from 13,200 at the beginning of the epidemic to 105,000

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and…