Source: African Development Bank Group (AfDB) |

Financial modelling in the extractive sector: Harness Africa’s natural resources for sustainable development - African Development Bank

Natural resources play a critical role in economies, as they contribute to the well-being of the people, as a source of livelihood and contribute to GDP

Africa should harness its natural resources to accelerate sustainable development, the African Development Bank’s (www.AfDB.org) Chief Economist and Vice President for Economic Governance and Knowledge Management has said. Rabah Arezki was speaking to policymakers and stakeholders during a two-day inception workshop which began Monday on the Bank’s Financial Modelling for…

Source: African Development Bank Group (AfDB) |

Why COVID-19-impacted World Food Day 2020 is the time to prioritize investments in food systems (By Wambui Gichuri)

COVID-19 lockdowns and decreases in incomes have generated a double demand shock – increasing the number of poor and vulnerable people, particularly in Africa’s cities

By Wambui Gichuri, Acting Vice President for Agriculture, Human and Social Development, African Development Bank (www.AfDB.org) World Food Day 2020 marks the 75th anniversary of the founding of the Food and Agriculture Organization, but celebrations this 16 October are muted due to the coronavirus. COVID-19’s multi-sectoral impact should have governments…

Source: African Development Bank Group (AfDB) |

Mauritania: African Development Bank extends $2.1 million for rollout of Disaster Risk Financing

The Bank is extending the funding under its Africa Disaster Risk Financing (ADRIFI) program to enable the country to take out a drought risk index-based insurance policy

The African Development Bank’s (www.AfDB.org) Board on Wednesday approved a grant of $2.1 million to boost the country’s resilience against climate related shocks and food insecurity. The funds, sourced from the African Development Fund, will go to provide technical and institutional support to strengthen Mauritania’s capacity to assess climate-related risk.…

Source: African Development Bank Group (AfDB) |

International community shows strong support for Sudan with $1.8 billion pledge

The African Development Bank has earmarked about $115 million in grants for the next three years to finance public sector projects and programs in Sudan

Over $1.8 billion dollars in pledges for Sudan poured in during a high-level Sudan Partnership Conference held on Thursday, 25 June 2020, marking an important step in the African nation’s re-engagement with the international community. African Development Bank (https://www.AfDB.org/) President, Akinwumi Adesina, and the World Bank and the International Monetary…

Source: African Development Bank Group (AfDB) |

African Development Fund approves COVID-19 Response grants for six Southern African countries and São Tomé & Príncipe

The funds will facilitate the procurement of laboratory and medical supplies

The Board of Directors of the African Development Fund on Tuesday approved nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African Development Community (SADC) countries. Separately, the Board approved $683,000 in grants to São Tomé & Príncipe, to support the two-island nation’s response to the…

Source: African Development Bank Group (AfDB) |

African Development Bank COVID-19 response: moving from commitment to action

As of June 12, the Bank’s COVID-19 emergency packages have reached the continent’s five geographic regions

The African Development Bank (https://www.AfDB.org) has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the…

Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank approves $13.7 million to strengthen health system, boost anti-COVID-19 efforts

The funds will provide an immediate lifeline for targeted frontline responders and health personnel and boost the country’s Global Health Security Index

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $13.7 million grant to finance the COVID-19 response in Zimbabwe. The funds will provide an immediate lifeline for targeted frontline responders and health personnel and boost the country’s Global Health Security Index in the wake of the…

Source: African Development Bank Group (AfDB) |

Africa cannot go back to ‘business as usual’ when COVID-19 pandemic is over (By Babatunde Omilola)

But it will teach us an important lesson: the need to invest in health infrastructure across the world, and particularly in Africa

By Babatunde Omilola Like every other pandemic that the world has experienced in the past, coronavirus will eventually come to an end. It will be defeated, and life return to normal. But it will teach us an important lesson: the need to invest in health infrastructure across the world, and…

African Development Bank Group (AfDB)
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    • Left to Right: Bank Executive Directors Paal Bjornestad, Amos Kipronoh Cheptoo (partly hidden), Mmakgoshi Lekhethe, Judith Kateera, Mbuyami Ilankir Matungulu, Zimbabwe President Emmerson Mnangagwa and Finance and Economic Development Minister Professor Mthuli Ncube
    • Bank Executive Directors; Mmakgoshi Lekhethe, Mbuyami Ilankir Matungulu, Kenyeh Barlay, Paal Bjornestad, Judith Kateera and Amos Kipronoh Cheptoo at Kopa Bridge over Rusitu River in Chimanimani
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Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites

The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions

A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during…

Source: African Development Bank Group (AfDB) |

Keynote Speech delivered by Dr. Akinwumi A. Adesina at the UK-Africa Investment Summit, “Sustainable Infrastructure Forum”

The Department for International Development (DFID) is a key strategic partner of the African Development Bank

By Dr. Akinwumi A. Adesina Good morning everyone! It’s a pleasure to join you at this special side event organized as part of the UK-Africa Investment Summit. Let me congratulate the organizers, the Department for International Development (DFID) and Her Majesty’s Trade Commissioner for Africa for hosting us today. The…