Source: African Development Bank Group (AfDB) |

World Food Day: Time for global leaders to invest in Africa's agriculture (By Beth Dunford)

The continent has immense potential to feed itself and to become a breadbasket to the world: about 65 percent of Earth's remaining uncultivated, arable land is in Africa

By Beth Dunford More than six out of every 10 people in Sub-Saharan Africa work in the continent's agriculture sector. We may not realize that what grows from African soil may be connected to some of the world's most popular foods. Africa produces the world's largest supply of cocoa, used…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum roundtable event showcases agribusiness investment opportunities ahead of 2021 Market Days

During the roundtable, members of the AIF team presented an outline of the deals to investors

The  Africa Investment Forum held a roundtable event to preview two agribusiness deals worth nearly $400 million as part of the lead-in to its upcoming 2021 Market Days. The investment opportunities, drawn from the Africa Investment Forum’s pipeline, will be presented in full during the Market Days, to be held…

African Development Bank Group (AfDB)
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    • At Paris Fashion Week, Ghanaian entrepreneur Roberta Annan launches €100 m Impact Fund to invest in Africa’s creative industries
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Source: African Development Bank Group (AfDB) |

At Paris Fashion Week, Ghanaian entrepreneur Roberta Annan launches €100 m Impact Fund to invest in Africa’s creative industries

The Impact Fund for African Creatives (IFFAC), will award grants of up to €50,000 to selected projects to accelerate development of the continent’s creative sector

Ghanaian businesswoman and entrepreneur Roberta Annan earlier this week launched a €100 million fund to channel investment into small and medium African creative and fashion enterprises. The Impact Fund for African Creatives (https://bit.ly/3BpJS1h) (IFFAC), will award grants of up to €50,000 to selected projects to accelerate development of the continent’s…

Source: African Development Bank Group (AfDB) |

“Let us change the narrative on Africa in the United States” African Development Bank President tells African Diplomats in Washington

The Bank chief spoke during a meeting with African ambassadors at the chancery of the Embassy of the Republic of Congo in Washington last week

African Development Bank President Dr Akinwumi A. Adesina has said that a concerted effort to change the narrative on Africa in the United States is necessary to attract increased investments into the continent. He said the need for advocacy in the United States made having an African Development Bank office…

Source: African Development Bank Group (AfDB) |

Agenda 2063: the African Development Bank contributes to validation of the African Union's second Biennial Continental Report

The technical group is responsible for monitoring and evaluation, scrutiny and reporting on progress made in the implementation of Agenda 2063

An African Development Bank delegation (www.AfDB.org) led by Abdul Kamara, Deputy Director General of the East Africa Region, is taking part in a validation workshop for the African Union's (UA) second Biennial Continental Report on Agenda 2063, held from 20 September to 6 October in the Zimbabwean capital Harare. The…

Source: African Development Bank Group (AfDB) |

Germany commits €100 million to SEFA to unlock private investment in renewable energy

The announcement came during the United Nations High-Level Dialogue on Energy, held in New York on 24 September as part of the UN General Assembly

The German government will contribute €100 million to the African Development Bank’s (AfDB.org) Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/2Y4JEOb), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. The announcement came during the United Nations High-Level Dialogue on Energy,…

Source: African Development Bank Group (AfDB) |

Africa Resilience Forum 2021: Facing the ‘hydra-head challenges of Covid-19, conflict and climate’

The Africa Resilience Forum is a flagship African Development Bank event which brings together key stakeholders across government, civil society, the private sector, and international partners

The fourth edition of the Africa Resilience Forum opened on Tuesday, as the continent’s most vulnerable communities confront the triple challenges posed by the Covid-19 pandemic, conflict and climate change. An estimated 39 million Africans could slip into extreme poverty this year, as a result of the pandemic. At the…

Source: African Development Bank Group (AfDB) |

UN GA 2021: Africa cannot outsource its health to the rest of the world, African Development Bank head says during panel on closing the health gap

The 76th General Assembly of the UN takes place this year against the Covid-19 pandemic, which has hit African economies badly, despite the overall lower death toll on the continent

Global leaders, in a sideline event on health during the United Nations General Assembly, voiced the urgent need to scale up Covid-19 vaccine production and access in the wake of a pandemic that has caused unprecedented economic loss and bankrupted health care systems in Africa. The Future Investment Initiative Institute…

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…

Source: African Development Bank Group (AfDB) |

African Development Bank’s SEFA grant to support first Super Energy Service Company (ESCO) in East Africa

The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both the public and private sectors

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/39fnc7x) has announced a $1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO). The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both…