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…

Source: African Development Bank Group (AfDB) |

African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development

It provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African countries

The African Development Bank (www.AfDB.org) and the governments of Cabo Verde and Portugal have signed a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa. The signing took place on Sal Island on 1 July,…

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

The African Development Fund improving and impacting lives of millions in Africa

In 38 of the continent’s neediest countries, the Fund is creating linkages to promote regional integration, commercial exchanges and enhancing food security

Established to provide concessional buffer to needy economies on the continent, the African Development Fund (ADF), is not only facilitating rapid rollout of development projects, but its investments continue to transform and sustain lives, beneficiaries say. In 38 of the continent’s neediest countries, the Fund is creating linkages to promote…

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

African Development Bank approves USD 24.7 million for Water and Sanitation Development in South Sudan

The Strategic Water Supply and Sanitation Improvement Project will support the rehabilitation of approximately 50km of the Juba town distribution network and related works

The Board of Directors of the African Development Bank (www.AfDB.org) on June 20, 2019, approved a proposal to commit $24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project. The Strategic Water Supply and Sanitation Improvement Project will support the rehabilitation of approximately 50km of the…

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

African Development Bank and Niger sign financing agreement to support Kandadji project

The implementation of the "Kandadji" project will take six years (2019-2025) and involves the completion of a multi-purpose dam that will create a real development hub

The Republic of Niger and the African Development Bank (www.AfDB.org) on Tuesday signed a $128.8 million financing agreement to support the "Kandadji" project for the regeneration of ecosystems and the development of the Niger Valley (PA-KRESMIN). Nigerien Minister of Planning Aïchatou Kane Boulama, who signed on behalf of Niger’s Government,…

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

Country Results Brief 2007-2018: The African Development Bank: a decade of key partnership with Guinea

Access to energy and development of agricultural and industrial value chains represent the two pillars of the Bank’s new strategy in Guinea

The African Development Bank (www.AfDB.org) on Wednesday released its most recent Country Report Brief for Guinea (http://bit.ly/2Wa3LVk). The report highlights the West African nation’s progress over the past 10 years, aided by the Bank, particularly in the areas of economic and financial governance, agriculture, road and energy infrastructure, living conditions.…

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

Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change

The Bank’s Climate Fund will also release $150,000.00 to Malawi to enable authorities to assist communities and internally displaced persons impacted by the cyclone

Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank (www.AfDB.org), which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region. Mateus Magala, the Bank’s Vice…

Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company

This intervention will promote local currency infrastructure financing, and further development of the domestic capital market

The Board of the African Development Bank (www.AfDB.org) has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing…

Source: African Development Bank Group (AfDB) |

AfricaSan5: African Development Bank calls for scale up in implementation of sanitation targets, honours Piers Cross

The conference was co-convened by the African Ministers Council on Water (AMCOW)

The African Development Bank (www.AfDB.org) has called on development partners to scale up support for implementation of sanitation programs to fast track Africa’s progress and deliver on its promise to the continent. “Achieving the Ngor Commitments and the ambitious targets for sanitation and hygiene within the Global Development Agenda can…

Source: African Development Bank Group (AfDB) |

South Korea ready to partner with Africa on technology

"A win-win proposition" - Akinwumi A. Adesina, President of the African Development Bank

In partnership with the African Development Bank (AfDB.org), Korea is ready to step up technology transfers to Africa, officials said in Seoul today. Speaking at a meeting on potential technology partnerships between Korea and Africa, representatives of Busan Metropolitan City, Busan Techno Park, and Korea’s Green Technology Center said there…