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Source: African Development Bank Group (AfDB) |

In Togo, the African Development Bank-supported Agro-Food Processing Project hits its stride

The project is financed by the African Development Bank (47%), West African Development Bank (28%), the Government of Togo (17%) and the Seamaul Foundation (8%)

In the pilot agropole of Kara, located some 423 kilometres north of Lomé, the capital city of Togo, there is a constant hum of bulldozers and harrowers. A few metres away from the deafening noise, engineers and agricultural technicians are supervising the work and talking to community representatives. Launched at…

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…

Source: African Development Bank Group (AfDB) |

Burkina Faso : la filière du karité majoritairement féminine réalise plus de 60 millions de dollars d’exportations

Les revenus des exportations de la filière sont ainsi passés de 52,7 millions de dollars américains en 2016 à 61,8 millions de dollars en 2019

Le Projet d’appui au développement intégré de la filière karité pour l’autonomisation économique des femmes (PADIFK), mis en œuvre entre 2016 et 2019 au Burkina Faso, a stimulé les exportations des produits du karité, selon un rapport de la Banque africaine de développement (www.AfDB.org) publié le 16 juillet. Le PADIFK,…

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…

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Source: African Development Bank Group (AfDB) |

Trading thrives as new highway financed by the African Development Bank opens up northern Togo

The 120-metre Alemondji bridge was built as part of the renovation of the roads on the CU9 corridor linking Lomé, Cinkansé and Ouagadougou

Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come from the nearby towns of Lawagnon, Moreta and Issati. Their stalls overflow with peanuts, millet, sorghum, sesame and beans. "Just…

Source: African Development Bank Group (AfDB) |

‘Let West Africa’s success echo throughout the world.’ Economic Community of West African States (ECOWAS) hails the success of African Development Bank investments in the region

The region’s economy is showing positive achievements, reaching 3.3 percent growth in 2019

The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude Kassi Brou, said in Abuja on Saturday. He was speaking at the bloc’s fifty-sixth ordinary session, attended by regional heads of state and government. Brou said…

Source: African Development Bank Group (AfDB) |

Fostering jobs, entrepreneurship, and capacity development for African youth: the time for disruption is now! (by Hanan Morsy)

The 2019 African Economic Conference (AEC) is held in Egypt and hosted by the Bank on the theme; “Jobs, entrepreneurship and capacity development for African youth"

by Hanan Morsy “There is no greater asset to Africa than its youth,” a statement that has been repeatedly proclaimed, but the continent still has a long way to go. Despite robust economic growth over the past two decades, a 1 percent increase in growth between 2000–14 was associated with…

Source: African Development Bank Group (AfDB) |

2019 conference on land policy in Africa: why it matters for the continent, by Cosmas Milton Ochieng

The theme of this year’s Conference on Land Policy in Africa is “Winning the fight against corruption in the land sector in Africa

Cosmas Milton Ochieng, an expert in natural resource governance and economic development in Africa, is the Director of the African Natural Resource Centre at the African Development Bank (https://www.AfDB.org). In collaboration with the African Union Commission and the United Nations Economic Commission for Africa, the African Development Bank will host…

Source: African Development Bank Group (AfDB) |

First WATT Renewables winners of Renewable Energy Forum 2019 co-organized by the African Development Bank

The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions

First WATT Renewables were winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank (https://www.AfDB.org). The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable…

Source: African Development Bank Group (AfDB) |

Seventh Tokyo International Conference on African Development (TICAD7): PM Shinzo Abe says Japan will help double Africa’s rice production by 2030

“We must end hunger in Africa. Yes, we must! Hunger diminishes our humanity” - Adesina urges

The Sasakawa Association will work with the Japan International Corporation Agency (JICA), to help double rice production to 50 million tonnes by 2030.  Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7. “Japanese technology can play a key role…