AfDB
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East Africa
AfDB clears over US$ 20mln for agro-pastoral project in Burundi
BUJUMBURA– The African Development Bank [AfDB] Group days ago greenlighted the award of a US$ 23.26 million grant to Burundi to implement the Agro-Pastoral Entrepreneurship and Professional Development Project for the Youth…
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Africa
AfDB extends €63.6mln loan for agro-processing project in Senegal
ABIDJAN– The African Development Bank [AfDB] has approved a loan of €63.6 million to Senegal to implement the Agropole-Centre agro-industrial processing zone project. The Ministry of Industrial Development and Small and Medium…
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Africa
AfDB and partners launch US$ 520mln for special agro-industrial processing zones in Nigeria
ABUJA– Nigeria on Monday began its long journey to end hunger and achieve food security by launching the Special Agro-industrial Processing Zones [SAPZ], a programme initiated by the African Development Bank [AfDB].…
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Africa
AfDB, COMESA hold workshop on harmonised consumer price indices in Africa
NAIVASHA– COMESA in collaboration with the African Development Bank [AfDB] last week conducted a five-day regional workshop in Naivasha, Kenya on harmonising consumer price indices in Africa. The aim is to improve…
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Africa
AfDB approves US$ 3mln in additional financing for Liberia’s Special Agro-Processing Zone scheme
ABIDJANI – The Board of Directors of the African Development Bank [AfDB]Group has approved an additional $3 million of mixed financing for the Special Agro-Industrial Processing Zone project in Liberia. The financing,…
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Africa
AfDB project boosts agricultural yields for youth enterprises in Madagascar
ANTANANARIVO-Launched in 2016, the Young Rural Enterprises Project in the Central West of Madagascar has helped improve agricultural yields. Yields of rice and maize doubled, according to a project a recent progress…
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International
Leaders gather for first-ever global summit to focus on accelerating climate adaptation in Africa
ROTTERDAM-The Global Center on Adaptation is hosting the Africa Adaptation Summit in collaboration with the African Union [AU], the African Development Bank [AfDB], the International Monetary Fund [IMF], the Africa Adaptation Initiative,…
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Africa
AEO 2022: AfDB and IMF experts stress urgency for climate financing for Africa
African Development Bank [AfDB] and International Monetary Fund [IMF] experts have stressed the urgency of mobilising climate financing for Africa during a panel discussion on the African Development Bank’s 2022 African Economic…
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Cooperatives & Communities
AfDB approves more than US$1bln for emergency food production plan
ABIDJANI-The African Development Bank [AfDB] Group has approved 24, fast-track programmes to help Africa mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate change and the Covid-19 pandemic.…
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East Africa
Kenya gets €89mln loan to bolster economic recovery
NAIROBI– The African Development Bank [AfDB] Group has approved an €89 million loan to boost the Kenyan government’s economic recovery efforts. The loan will provide funding for the second phase of Kenya’s…
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