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African Development Bank Group (AfDB)

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    • The African Development Bank loan will enable CFM to buy 10 locomotives, 300 wagons, and 120 tank containers
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Source: African Development Bank Group (AfDB) |

Mozambique: African Development Bank lends $40 million to the Mozambique Rail and Port Authority to buy rolling stock for the Ressano Garcia railway line

Project implementation will improve logistics and reduce the cost of transporting goods and products using cost-effective, efficient means benefiting from economies of scale

Finance Approval date: 31 January 2024 Project name: Mozambique - Portos e Caminhos de Ferro de Moçambique EP (CFM) Amount: The African Development Bank is making a $40-million corporate loan to the state-owned enterprise Portos e Caminhos de Ferro de Moçambique EP (CFM), the Mozambique rail and port authority, to…

African Development Bank Group (AfDB)

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    • Participants in a group photograph at the end of the RASME Project launch in Angola
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Source: African Development Bank Group (AfDB) |

Angola launches Information and Communications Technology (ICT) initiative for remote monitoring and evaluation of development projects

RASME is a set of real-time digital data-gathering tools and processes that enable the Bank, its clients and development partners to better prepare projects

The African Development Bank (www.AfDB.org) has rolled out the Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) project in Angola, following a three-day training session in the capital, Luanda. RASME is a set of real-time digital data-gathering tools and processes that enable the Bank, its clients and development partners to better…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Regional Integration as a Tool for Wealth Creation in Africa (By Khaled Sherif)

There is a need to focus on fundamentals: producing more of what Africa consumes, and consuming more of what Africa produces

The COVID-19 pandemic and its health and economic impacts has forced a global rethink of the current multilateral framework and what it means for the future. For Africa, COVID-19 has served as a wake-up call in many ways. The mitigation measures that were put in place by most countries, globally,…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

After COVID-19, will Africa Catch Up, Stand Still or Fall Further Behind? (By Professor Banji Oyelaran-Oyeyinka)

With this crisis comes an economic disruption of unprecedented proportion

At one time or another, nations and individuals confront crisis points – moments of existential challenge that also open up new possibilities. African countries, at just such a crisis point as a result of the novel coronavirus, face three possible outcomes post-pandemic: play catch-up, stand still or fall even further…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank commits $98 million for multisector COVID-19 response

The funding will take the form of an African Development Fund loan, which the Bank is providing the under its COVID-19 Response Facility

The African Development Bank (www.AfDB.org) on Thursday approved a concessional loan of $97.675 million to Rwanda to strengthen its national budget as it works to mitigate impacts of the COVID-19 pandemic. The funding will take the form of an African Development Fund loan, which the Bank is providing the under…

African Development Bank Group (AfDB)
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…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Africa Regional Integration Index underlines integration as key to building more resilient economies

The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa

The second Africa Regional Integration Index (ARII 2019) was launched Friday by the Economic Commission for Africa (ECA), the African Development Bank (www.AfDB.org) and the African Union Commission (AUC), with a call to action to African economies to deepen their integration. The 2019 Index, which builds on the first edition…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Retool annual budgets toward agriculture production and expand food reserves, as COVID-19 exacerbates food scarcity, urges African Development Institute seminar

Africa must now, more than ever, develop and implement policies to enhance capacity to compete in the agriculture sector, processing, trade and industry

African countries need to urgently expand food reserves, keep food supply flowing and boost their agriculture budgets to avert a possible hunger pandemic, partly caused by the COVID-19 pandemic, delegates at a two-day webinar hosted by the African Development Institute (ADI) urged on Tuesday. Africa must now, more than ever,…

African Development Bank Group (AfDB)
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…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

‘Agriculture is the most important business in the world,’ African Development Bank President Akinwumi Adesina tells students

The Bank head pledged to continue the work of transforming Nigeria’s agriculture sector

African Development Bank (https://www.AfDB.org) President Akinwumi Adesina reminded students of the important role they have to play in the continent’s economic development, as he was conferred with an honorary doctorate in his homeland. The Doctorate of Science was awarded by the Federal University of Agriculture in Abeokuta, Nigeria, on Tuesday,…