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

In Mozambique, water project boosts yields as farmers grapple with climate extremes

The project provided irrigation kits, constructed boreholes, small dams and water troughs that increased access to water for people and cattle

Felicidade Machava, 60, likes to recount the story about how, one year, she filled a small truck with maize from her harvest.   Machava, is a farmer in Guija district in Mozambique. The country has been experiencing weather volatility in the form of longer and more frequent cyclones and droughts. Extreme…

Source: African Development Bank Group (AfDB) |

Our journey to electrify the continent: Five years of the New Deal on Energy for Africa (By Dr. Kevin Kariuki)

The NDEA called for a substantial increase in investments to realize the Bank’s High 5 priority to “Light Up and Power Africa”

By Dr. Kevin Kariuki Five years into the African Development Bank’s (https://www.AfDB.org/) ambitious New Deal on Energy for Africa (NDEA), the Bank’s investments are set to provide electricity access to around 13 million people and deliver about 55,000 km of distribution lines, and 6,700 km of transmission lines, of which…

Source: African Development Bank Group (AfDB) |

“One” WASH program improves well-being of vulnerable communities in Ethiopia

The scheme combines the construction of infrastructure to extend access to water and sanitation to new areas and the revamping of disused equipment such as pumping stations and pipelines

Ethiopia’s ‘One’ model, under which the government runs its Water, Sanitation and Hygiene (WASH) National Program, (https://bit.ly/2Bif7lh) has steadily improved the well-being of the country’s rural and urban communities, top local officials say. “The ‘One’ here means we have one account, one budget and one report in one consolidated WASH…

Source: African Development Bank Group (AfDB) |

African Development Fund approves $9.52 million to enhance coordinated COVID-19 response in East and Horn of Africa and the Comoros

The funds will be used to bolster health systems and disease surveillance, enhance infection prevention and control, and improve regional coordination

The Board of Directors of the African Development Fund (ADF) have approved grants totaling $9.52 million to strengthen responses to the COVID-19 pandemic in East Africa and the Horn, and in the Comoros. The grant, approved on 26 June, is part of the $10 billion COVID-19 Rapid Response Facility (CRF)…

Source: African Development Bank Group (AfDB) |

Development Finance Institutions commit to support Sudan’s transformation

African Development Bank President Akinwumi Adesina assured the Sudanese government of the Bank’s continued support in the country’s transformation journey

Three leading international financial institutions, the African Development Bank (www.AfDB.org), the World Bank, and the International Monetary Fund (IMF), on Thursday pledged  multi-pronged support to Sudan as it opens a new chapter to overcome political and economic challenges. At a high-level Sudan Partnership Conference held virtually and hosted in Berlin…

Source: African Development Bank Group (AfDB) |

Gabon: African Development Bank approves 100.5 million euros budget support for COVID-19

The loan will support the central African nation’s Budget Support Programme in Response to the COVID-19 Crisis or PABURC, which aims to strengthen the health system

The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a 100.5 million euros loan to the government of Gabon as budget support to mitigate against the effects of the COVID-19 outbreak. The loan will support the central African nation’s Budget Support Programme in Response to the COVID-19…

Source: African Development Bank Group (AfDB) |

Ghana Cocoa Board, African Development Bank and financial partners celebrate first $200 million disbursement of loan to boost cocoa productivity in Ghana

Ghana supplies 70% of all cocoa beans imported into Japan and cocoa is seen as one of the nation’s most essential import commodities

Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. The occasion was marked by a ceremony held in Accra, Ghana on Tuesday 23 June, followed online by hundreds of observers across…

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…

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

African countries making headway in tackling tax evasion and money laundering, 2020 Tax Transparency report says

The report was published during a virtual launch

African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report, launched Thursday, revealed. Tax Transparency in Africa 2020 - produced by the Global Forum for Transparency and Exchange of Information…

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…