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Tag Archives: African Development Bank (AfDB)

Ghana receives first $200m disbursement of loan to boost cocoa productivity

Cocoa-Ghana

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. Harvesting cocoa in Ghana The occasion was marked by a ceremony held in Accra, Ghana on Tuesday, June 23, 2020, followed online by hundreds of observers across the globe. In attendance were ...

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Cameroon, Togo, Seychelles get AfDB COVID-19 lifeline

Akinwunmi Adesina

Cameroon, Togo and Seychelles have received a boost in their battle against COVID-19 as the Board of Directors of the African Development Bank (AfDB) approved various sums of money actualise their cause. AFDB president, Akinwunmi Adesina While a €88 million loan approved for Cameroon as direct budget support to finance the country’s COVID-19 crisis response, the Republic of Seychelles got ...

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TAAT opens new frontier for wheat in Ethiopia

TAAT Wheat

Recent high-level monitoring visits to TAAT programme sites in Ethiopia show that adoption of new wheat varieties, coupled with innovative production technologies and methods, substantially increases production and commercialisation, raises farmers’ incomes and creates job opportunities for women and youth. Elfnesh Bekele and a co-farmer in their wheat field. Photo credit: TAAT With an estimated 4.6 million tonnes of wheat ...

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AfDB approves $20m to contain COVID-19 spread in G5 Sahel nations

Akinwunmi Adesina

The Board of Directors of the African Development Bank (AfDB) has approved $20 million in grant funding to build capacity to curb and stop the spread of the COVID-19 pandemic in five countries. AFDB president, Akinwunmi Adesina The countries are Mauritania, Mali, Burkina Faso, Niger and Chad. The bank’s Communications and External Relations Department disclosed this in a statement on ...

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