AFDB

President of the African Development Bank Dr Akinwumi Adesina has been awarded with the World Food Prize for helping Africa get it right in agriculture and making it a key player of securing food for the world. The World Food Prize board chose Adesina this year for the $250,000 prize, highlighting his role in improving the availability of seed, fertilizer and financing for African farmers, and for laying the foundations for the youth in Africa to engage in agriculture as a profitable business."

Efforts by the African Development Bank (AfDB) to upgrade Africa’s agriculture sector is yielding good results with about 5.6 million people benefiting from the Bank’s interventions in the past year. Among other things, AfDB plans scale up its focus on regional integration in 2017 as an important part of its development work with the planned launch of a Regional Integration Strategy. These were some of the details pulled from the Annual Development Effectiveness Review 2017 (ADER) released by the AfDB .

The African Development Bank, in partnership with SERUKA – a national women’s organization focusing on women’s economic empowerment in Rwanda –has launched the Rwanda Honey Value Chain Project, which aims to enhance honey production in the country. The African Development Bank has approved a grant of approximately US $343,000 (280 million Rwandan Francs) to implement the project. The project will work directly with grassroots businesses. The implementing agency, SERUKA, is a reputable non-governmental organization with a sound track record in supporting grassroots economic empowerment initiatives in Rwanda.

The African Development Bank (AfDB) and the Government of Japan (GOJ) have signed an agreement for a US $ 300 million facility under the joint initiative titled Enhanced Private Sector Assistance (EPSA) for Africa. The loan, worth JPY 34.41 billion (equivalent to approximately USD 300 million) is intended to support private sector operations in Africa through the AfDB’s non-sovereign window.

The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa SEFA has approved a US$ 965,000 grant to Oxygen Energy Private Limited to support the preparation of a bankable business case for the development of a 20MW off-grid solar PV rooftop project on buildings owned and managed by Old Mutual Property Group Zimbabwe countrywide.

Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to...

Ghana's central bank will not finance the government's budget, its new governor, Ernest Addison, said on Friday as the regulator seeks to keep fiscal...

The Board of Directors of the African Development Bank Group (AfDB) has approved the eligibility assessment for compliance review of the Bank-financed construction of a 125 MW Coal Sendou Power Plant Project in the village of Bargny Minam in Senegal. By approving the project, the Board has also authorized that Independent Review Mechanism experts carry out further investigations to clarify issues raised in the complaints by two groups of complainants on behalf of adversely affected members of the communities in Bargny, Senega

The African Development Bank (AFDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme. The fund will...