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Tag Archives: African Development Bank (AfDB)

Buhari congratulates AfDB President, Akinwunmi Adesina, on re-election

Akinwunmi Adesina

President Muhammadu Buhari has felicitated with President of African Development Bank (AfDB), Dr Akinwunmi Adesina, on his re-election for a second term in office. AfDB president, Akinwunmi Adesina The president’s congratulatory message was conveyed by Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, in Abuja on Thursday, August 27, 2020. He said the news of ...

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Independent Review Panel exonerates Adesina, AfDB president

Akinwunmi Adesina

The Independent Review Panel set up by the Bureau of Governors of the African Development Bank (AfDB) has exonerated President of the bank, Dr Akinwumi Adesina, of any ethical wrongdoings. AfDB president, Akinwunmi Adesina This is contained in the panel’s report released on Tuesday, July 28, 2020. The Independent Review Panel was constituted following a complaint by the United States ...

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Gambia, Liberia, Sierra Leone get $53m AfDB multi-country COVID-19 grant

Akinwunmi Adesina

The African Development Bank (AfDB) on Friday, July 24, 2020 approved a UA 38.15 million ($53.25 million) multi-country grant to The Gambia, Liberia and Sierra Leone in the form of direct budget support to bolster efforts to fight the COVID-19 pandemic in the three West African countries. AfDB president, Akinwunmi Adesina The grant from the African Development Fund (ADF) aims ...

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AfDB supports Ghana’s COVID-19 response plan with $69m grant

Nana Akufo-Addo

The Board of Directors of the African Development Fund (ADF) on Friday, July 24, 2020 approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the nation. President Nana Akufo-Addo of Ghana The grant from the ADF, the concessional arm of the African Development Bank (AfDB), will provide fiscal budget ...

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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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