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Tag Archives: African Development Bank (AfDB)

AfDB grants Morocco’s energy giant $965,000 for development

Ahmed Baroudi

The African Development Bank (AfDB) is providing a $965,000 grant to Morocco’s Super Energy Service Company to support the firm’s growth plans. Ahmed Baroudi, Directeur Général at Société d’Ingénierie Energétique (SIE) The bank said the deal was sealed on Tuesday, February 16, 2021. The grant will provide Société d’Ingénierie Energétique (SIE) with operational tools to develop a pipeline of bankable ...

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AfDB assists W/African nations to curb carbon emission, meet Paris Agreement commitments

Gareth Phillips

The African Development Bank (AfDB) has extended financial support to a project that will strengthen the efforts of West African countries to meet their Nationally Determined Contributions (NDCs) targets under the Paris climate accord. The bank will underwrite the preparation of concept notes exploring the use of internationally transferable mitigation outcomes (ITMOs) in selected West African countries. Gareth Phillips, African ...

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AfDB, FAO to boost South Sudan’s agricultural markets with $14m

Benedict Kanu

The African Development Bank (AfDB) on Wednesday, February 3, 2021 signed protocols to disburse a $14 million grant to the Government of South Sudan to boost agricultural markets in a project to be implemented by the UN’s Food and Agriculture Organisation (FAO). Benedict Kanu, AfDB Country Manager in South Sudan The Agricultural Markets, Value Addition and Trade Development (AMVAT) project ...

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Most sub-Saharan African countries lack access to hand washing facilities, says report

Global Handwashing Day

More than half of the population in 34 out of 38 sub-Saharan African nations lacks access to basic hand washing facilities, the inaugural Sanitation and Wastewater Atlas of Africa says. Pupils during the Global Handwashing Day celebrations This is according to a statement jointly issued on Tuesday, February 2, 2021 in Abidjan, Côte d’Ivoire by African Development Bank (AfDB), the ...

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Africa must invest in innovative sanitation, wastewater management – Report

Wambui Gichuri

The African Development Bank (AfDB), the UN Environment Programme (UNEP) and GRID-Arendal have released the inaugural Sanitation and Wastewater Atlas of Africa, a tool to benchmark and propel Africa’s progress towards Sustainable Development Goals on safe sanitation and wastewater management. Wambui Gichuri, the AfDB’s Director for Water Development and Sanitation The Atlas aims to help policymakers accelerate change and investment ...

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AfDB’s climate resilient project in Zambia wins water award

Indie Dinala

A climate resilient project in Zambia supported by the African Development Bank (AfDB) and Climate Investment Funds (CIF) has won the Water ChangeMaker People’s Choice Award-Africa. Indie Dinala, SCRiKA’s Project Manager The Strengthening Climate Resilience in the Kafue Sub-basin Pilot Programme for Climate Resilience (SCRiKA) reportedly beat two other finalists identified by an expert jury to win first prize with roughly 7,000 votes, ...

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AfDB commits $12.5bn to climate finance

Akinwunmi Adesina

The African Development Bank (AfDB) has committed an additional $12.5 billion to climate finance between 2020 to 2025 in Africa. AfDB president, Akinwunmi Adesina President of the AfDB, Dr Akinwumi Adesina, said this at the first online international Climate Adaptation Summit (CAS) 2021 on Monday, January 25, 2021.  The two-day summit, hosted by the Dutch government, aimed to adopt a roadmap ...

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Renewable energy described as critical driver of Africa’s post-COVID-19 growth recovery

UK Africa Investment Summit

Renewable energy will be a critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity, panellists in a 2021 UK Africa Investment Summit event said on Wednesday, January 20, 2021, as they called for a stronger partnership between the United Kingdom and Africa. 2021 UK Africa Investment Summit The panel, themed “UK & Africa: Partnering in Sustainable and Resilient Infrastructure Development”, covered discussion ...

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AfDB supports Great Green Wall with $6.5bn

Akinwunmi Adesina

The African Development Bank (AfDB) has said that it will support the Great Green Wall initiative with $6.5 billion over the next five years. AfDB president, Akinwunmi Adesina President of the AfDB, Dr Akinwumi Adesina, said this at the One Planet Summit in a forum hosted by France and UK on Monday, January 11, 2021. The Great Green Wall or ...

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AfDB approves five-year gender strategy to boost inclusive growth

Vanessa Moungar

The African Development Bank (AfDB) Group has approved a new Gender Strategy for 2021 to 2025 tagged “Investing in Africa’s women to accelerate inclusive growth.” AfDB Director for Gender, Women and Civil Society, Vanessa Moungar This is contained in a statement from the bank in Addis Ababa, Ethiopia, on Thursday, January 7, 2021. The strategy was approved on Dec. 11, ...

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