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African Development Bank Group (AfDB)

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    • The African Development Bank provides The Gambia with additional funding to bolster agricultural production and food security
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Source: African Development Bank Group (AfDB) |

The Gambia: African Development Bank approves supplemental $16 million to boost agriculture and food security

With the funding providing additional support for inputs, productivity is expected to rise, with rice yields increasing from 2.0 to 2.5 tonnes per hectare (t/ha) and maize harvests reaching 2.0 t/ha from 1.8

The Board of Directors of the African Development Bank Group (www.AfDB.org), granted an additional $16.08 million on March 4, to The Gambia to bolster its ongoing Agriculture and Food Security Project (https://apo-opa.co/3wDCO3w), launched in 2021. GASFP (Global Agriculture and Food Security Project) (https://apo-opa.co/4a0uBFc), a multilateral financing platform dedicated to enhancing the…

African Development Bank Group (AfDB)

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    • The African Development Bank grants financial support to The Gambia to improve its governance and fiscal resilience
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Source: African Development Bank Group (AfDB) |

Gambia: African Development Bank grants nearly $7 million to improve governance and strengthen fiscal resilience

The Bank's financial support comes under Pillar 1 of the Transition Support Facility, which is intended for states affected by situations of fragility or conflict

On Tuesday 3 October, the Board of Directors of the African Development Bank Group (www.AfDB.com), meeting in Abidjan, approved a grant of $6.72 million to The Gambia to support implementation of the first phase of the Public Financial Management and Economic Reform Programme. The Bank's financial support comes under Pillar 1…

African Development Bank Group (AfDB)

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    • AfDB President's visit to Gambia: Decoration Ceremony (1)
    • AfDB President's visit to Gambia: Decoration Ceremony (2)
    • AfDB President's visit to Gambia: Decoration Ceremony (3)
    • AfDB President's visit to Gambia: Decoration Ceremony (4)
    • AfDB President's visit to Gambia: Decoration Ceremony (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank head Adesina receives Gambia’s highest national honour

The honour is in recognition of Adesina’s leadership role and contributions to development in The Gambia and Africa

The Gambia's President Adama Barrow has conferred his country's highest national award, the Grand Commander of the Order of the Republic of The Gambia, on African Development Bank Group President, Dr. Akinwumi Adesina (www.AfDB.org). The honour is in recognition of Adesina’s leadership role and contributions to development in The Gambia…

African Development Bank Group (AfDB)

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    • The Gambia and the African Development Bank Group to boost rice output and uplift youth and women entrepreneurs
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Source: African Development Bank Group (AfDB) |

The Gambia and the African Development Bank Group to boost rice output and uplift youth and women entrepreneurs

The African Development Bank Group is supporting the country’s efforts to produce 200,000 additional tons of paddy rice by 2028, reducing imports to zero

Gambian President Adama Barrow and African Development Bank Group (www.AfDB.org) head Dr Akinwumi Adesina pledged on Monday to work together to boost rice production and invest in the country’s vibrant youth and women entrepreneurs. “The Russian-Ukrainian war presents an opportunity for us to solve the problem of food security. There’s no…

African Development Bank Group (AfDB)

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    • L-R: AfDB Executive Director Rufus Darkortey; Seedy Keita, Finance Minister and AfDB Governor for The Gambia; Mohammed Amin Adam, Minister of State, Ministry of Finance and Economic Planning, Ghana; Augustus Flomo, Deputy Minister for Economic Management, Liberia; Bockarie Kalokoh, Deputy Minister of Finance, Sierra Leone; and Muhammad Bashar Muhammad, Undersecretary of Economic Planning, Sudan
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Source: African Development Bank Group (AfDB) |

Five African Development Bank (AfDB) regional member countries set to join African Development Fund replenishment

The Gambia, Ghana, Liberia, Sierra Leone and Sudan plan to contribute $1 million each to ADF’s next replenishment cycle

Five African Development Bank (www.AfDB.org) Governors have signed an agreement committing to contribute at least $1 million to the replenishment of the African Development Fund (ADF), the concessional window of the Bank Group. Under the self-initiated agreement, the five-member constituency—The Gambia, Ghana, Liberia, Sierra Leone, and Sudan—will contribute to the…

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    • West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone (1)
    • West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone (2)
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Source: African Development Bank Group (AfDB) |

West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone

The project is expected to enhance financial sector efficiency within the participating countries, leading to increased access to finance and further regional integration efforts

The Board of Directors of the African Development Fund has approved $8 million in funding toward the establishment of a digitally interoperable unique bank identification system and harmonised customer identification framework for The Gambia, Guinea, Liberia and Sierra Leone. Implementation of the project will commence in July 2023, led by the…

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

The Gambia: African Development Fund Approves Additional $3.3 Million Financing for Rice Value Chain Transformation Program

The additional financing will focus on providing subsidized inputs as well as policy reforms destined to scale up food production

The Board of Directors of the African Development Bank Group (https://www.AfDB.org/) has approved a grant of $3.5 million from the African Development Fund’s Transition Support Facility (https://bit.ly/3B8V9pr) as additional financing for a rice value chain transformation project in the Gambia. The Rice Value Chain Transformation Program was started in December 2018, with…

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

African Development Bank Group supports Domestic Debt Market Development in The Gambia, Sierra Leone, Guinea and Liberia

The project will provide technical assistance and capacity building to develop domestic debt markets in the four countries

The African Development Bank Group (www.AfDB.org) has launched a project to support development of domestic debt markets and financial systems in four West African Monetary Zone (WAMZ) countries: the Gambia, Sierra Leone, Guinea and Liberia. The Bank had earlier approved a grant of UA1.5 million, or about $2 million for…

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

African Development Bank provides $320 000 in grant funding to mainstream gender in Economic Community of West African States' (ECOWAS) digital financial operations

The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank

The Board of Directors of the African Development Bank (www.AfDB.org) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks. The funds will support a gender gap analysis of several WAMA strategies including those for…

African Development Bank Group (AfDB)
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…