Source: African Development Bank Group (AfDB) |

“One” WASH program improves well-being of vulnerable communities in Ethiopia

The scheme combines the construction of infrastructure to extend access to water and sanitation to new areas and the revamping of disused equipment such as pumping stations and pipelines

Ethiopia’s ‘One’ model, under which the government runs its Water, Sanitation and Hygiene (WASH) National Program, (https://bit.ly/2Bif7lh) has steadily improved the well-being of the country’s rural and urban communities, top local officials say. “The ‘One’ here means we have one account, one budget and one report in one consolidated WASH…

Source: African Development Bank Group (AfDB) |

African Development Fund approves $9.52 million to enhance coordinated COVID-19 response in East and Horn of Africa and the Comoros

The funds will be used to bolster health systems and disease surveillance, enhance infection prevention and control, and improve regional coordination

The Board of Directors of the African Development Fund (ADF) have approved grants totaling $9.52 million to strengthen responses to the COVID-19 pandemic in East Africa and the Horn, and in the Comoros. The grant, approved on 26 June, is part of the $10 billion COVID-19 Rapid Response Facility (CRF)…

Source: African Development Bank Group (AfDB) |

Development Finance Institutions commit to support Sudan’s transformation

African Development Bank President Akinwumi Adesina assured the Sudanese government of the Bank’s continued support in the country’s transformation journey

Three leading international financial institutions, the African Development Bank (www.AfDB.org), the World Bank, and the International Monetary Fund (IMF), on Thursday pledged  multi-pronged support to Sudan as it opens a new chapter to overcome political and economic challenges. At a high-level Sudan Partnership Conference held virtually and hosted in Berlin…

Source: African Development Bank Group (AfDB) |

Gabon: African Development Bank approves 100.5 million euros budget support for COVID-19

The loan will support the central African nation’s Budget Support Programme in Response to the COVID-19 Crisis or PABURC, which aims to strengthen the health system

The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a 100.5 million euros loan to the government of Gabon as budget support to mitigate against the effects of the COVID-19 outbreak. The loan will support the central African nation’s Budget Support Programme in Response to the COVID-19…

Source: African Development Bank Group (AfDB) |

International community shows strong support for Sudan with $1.8 billion pledge

The African Development Bank has earmarked about $115 million in grants for the next three years to finance public sector projects and programs in Sudan

Over $1.8 billion dollars in pledges for Sudan poured in during a high-level Sudan Partnership Conference held on Thursday, 25 June 2020, marking an important step in the African nation’s re-engagement with the international community. African Development Bank (https://www.AfDB.org/) President, Akinwumi Adesina, and the World Bank and the International Monetary…

Source: African Development Bank Group (AfDB) |

African Development Fund approves COVID-19 Response grants for six Southern African countries and São Tomé & Príncipe

The funds will facilitate the procurement of laboratory and medical supplies

The Board of Directors of the African Development Fund on Tuesday approved nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African Development Community (SADC) countries. Separately, the Board approved $683,000 in grants to São Tomé & Príncipe, to support the two-island nation’s response to the…

Source: African Development Bank Group (AfDB) |

African Development Bank ranks 4th on global index of transparency

Publish What You Fund ranked the Bank ‘very good’ — The highest of the five categories used to assess organisations’ transparency

Publish What You Fund has ranked the African Development Bank (www.AfDB.org) fourth out of 47 global development institutions on its Aid Transparency Index. The Index is the only independent measure of aid transparency among the world’s major development agencies. The index places the Bank in the highest category of transparency…

Source: African Development Bank Group (AfDB) |

Seychelles: African Development Bank extends $10 million loan to support COVID-19 responses as economy reopens

Against a backdrop of declining revenues, the Seychelles government recently amended its budget to respond more effectively to COVID-19

The Board of Directors of the African Development Bank (www.AfDB.org) on Monday approved a $10 million loan to the Republic of Seychelles to support the government’s COVID-19 response program. The loan will be channeled toward macroeconomic stabilization, strengthening national health responses to the COVID-19 pandemic, and safeguarding livelihoods and social…

Source: African Development Bank Group (AfDB) |

Togo: African Development Bank approves $3 million loan reallocation to agriculture sector for COVID-19 response

Togo is highly dependent on its agricultural sector, which accounts for more than 40% of GDP and employs almost 65% of its active population

The Board of Directors of the African Development Bank (www.AfDB.org) have approved the reallocation of $3 million in loan resources to help Togo purchase agricultural inputs to enhance food security in the wake of the COVID-19 pandemic. The approval on 18 June, enables required funds from a previously approved African…

Source: African Development Bank Group (AfDB) |

African Development Bank approves EUR 88 million loan to Cameroon to finance COVID-19 response

In Cameroon, the pandemic has revealed the structural weaknesses of the country’s health system and economy

The Board of Directors of the African Development Bank (www.AfDB.org) on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response. The loan, to the country’s COVID-19 Crisis Response Budget Support Programme (PABRC), falls under the framework of the Bank’s…