…If the Special Agro-industrial Processing Zones program delivers on its objectives, we would in less than a decade have dealt a fatal blow to food insecurity – Buhari 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
Read moreTag: African Development Bank
African Development Bank Group Executive Directors Praise Morocco’s Dev Progress
‘The meetings, coupled with field visits, enabled them to assess the Bank’s engagements in the north African country and to gain a better understanding of its development prospects’ ABIDJAN, Ivory Coast, At the end of a five-day visit to Morocco, Executive Directors of the African Development Bank Group (www.AfDB.org) lauded the Moroccan government’s vision for
Read moreTraining on Access to Capital Markets for African Cities and Subnational Government
The training session offered the opportunity to renew the governance bodies of the Network of Directors and Heads of Financial Services of African local authorities (Africa FINET) ABIDJAN, The African Development Bank (AfDB) and United Cities and Local Governments of Africa (UCLG Africa) in collaboration with GiZ and the Sahel and West Africa Club of
Read moreUS announces $5m grant to support African Development Bank in tackling methane emissions
The grant, subject to the completion of US domestic procedures and approvals, will go to the multi-donor Africa Climate Change Fund, which is managed by the African Development Bank DAKAR: Climate envoy Kerry announces funding at Dakar meeting of African ministers; Financing will drive fulfilment of Global Methane Pledge targets The United States government has
Read moreMeet the African Development Bank’s new Executive Directors
The President of the African Development Bank Group, Dr. Akinwumi Adesina, welcomed the new representatives of the 20-member Board of Directors ABIDJAN: The African Development Bank has welcomed 12 new Executive Directors, including five women, for a three-year term. The President of the African Development Bank Group, Dr. Akinwumi Adesina, welcomed the new representatives of
Read moreAfrica do not have enough resources to tackle climate change – ADB
The President, African Development Bank Group, Dr Akinwumi Adesina, has said that Africa lacks the resources to tackle climate change as the continent receives only three per cent of global climate financing. Adesina’s position was contained in a statement made available to journalists by the bank’s Abuja office. It was also disclosed that the bank
Read moreAfrican Development Bank, SA Taxi sign $100m loan agreement to enhance transport sector
JOHANNESBURG, South Africa, The African Development Bank (www.AfDB.org) and SA Taxi Development Finance Proprietary Limited, a wholly owned subsidiary of SA Taxi Holdings Proprietary Limited (“SA Taxi”), have signed a $100 million loan agreement to support the firm’s growing strategy to empower taxi operators with limited access to finance from traditional financiers. The loan agreement,
Read moreAfrican Development Bank support improves livelihood of rural youth
ABIDJAN, Ivory Coast, Momou Dembélé, 30, is a qualified electrician. Married with two children, she left her hometown of Kimparana, where she trained, for Ségou in central Mali. With her husband’s support, she landed her first job with Moulin Moderne du Mali (Modern Mill of Mali, or ‘M3’), which produces wheat flour and pasta products.
Read moreAfrica – Our collective humanity is at stake, African Development Bank President warns
ABIDJAN, Ivory Coast, African Development Bank Group (www.AfDB.org) President Akinwumi Adesina says an accelerated global health and economic effort is needed to overcome the COVID-19 pandemic in Africa. Stating that “one death is one too many” and that “our collective humanity is at stake,” Adesina urged U.S. and African government officials and corporate executives to
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