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AfDB approves $288.5m for Nigeria to fight COVID-19

Dr. Osagie Ehanire

The Board of Directors of the African Development Bank (AfDB) on Friday, June 5, 2020 approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. Dr. Osagie Ehanire, Nigeria’s Health Minister The loan will bolster the government’s plans to improve surveillance and response to COVID-19 emergencies, ease the impact on ...

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African Chamber Chief says US mistaken about AfDB’s Adesina

Akinwunmi Adesina

The Vice President, Pan African Chamber of Commerce and Industry, Prince Adetokunbo Kayode, has said the American Treasury Department is mistaken about its call for a fresh probe of the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, calling for engagement with Washington on the issue. AfDB president, Akinwunmi Adesina The chamber leader in a virtual chat on ...

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AfDB: Obasanjo, Jonathan, 13 other African leaders rally support for Adesina

Akinwunmi Adesina

Former presidents Olusegun Obasanjo, Goodluck Jonathan of Nigeria and other African leaders on Friday, May 29, 2020 threw their support behind the President of the African Development Bank (AfDB), Dr Akinwunmi Adesina. AFDB president, Akinwunmi Adesina The African leaders rallied support for Adesina through a statement they jointly signed and made available by Mr. Kehinde Akinyemi, the media aide to ...

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Kenya gets €188m AfDB loan to boost COVID-19 response

Uhuru Kenyatta

The Board of Directors of the African Development Bank (AfDB) on Friday, May 22, 2020 approved an €188 million loan to support Kenya’s efforts to respond to the COVID-19 pandemic and mitigate the related economic, health and social impacts. President of Kenya, Uhuru Kenyatta The loan will extend additional resources to Kenya as the country takes steps to contain the ...

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TAAT catalyses commercialisation of High Iron Beans in Burundi

Christella’s Ndayishimiye TAAT

Common bean is a major food and cash crop for more than 90% of smallholder farmers in Burundi. Beans provide 20% of required calories and 50% of proteins, and are an entry point to tackle food insecurity, poverty and malnutrition. Christella’s Ndayishimiye in one of her outlets The current average bean consumption is about 30 kg per person, per year. ...

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AfDB supports Nigerian youths with dry season farming irrigation technologies

Ayuba Abimiku, a young rice farmer at Gidan Mai-Akuya community in Nasarawa State, North-central Nigeria, is excited. Nigerian youth farmers Ayuba is witnessing the operation of a pressured plastic-piped sprinkler for the first time. “This system allows for proper water management and the farmer can determine the right amount of water needed in the field per time,” he enthused. “With ...

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African leaders urged to close continent’s energy deficit

AfDB-APP

Former UN Secretary-General, Kofi Annan, and President of the African Development Bank (AfDB), Akinwumi Adesina, have called on governments to close Africa’s energy deficit. They made the call on Monday, March 13, 2017 in Abidjan, Côte d’Ivoire, at the launch of the Africa Progress Panel Report on “Lights, Power, Action: Electrifying Africa,” which calls for the adoption of every available ...

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AfDB injects $28.2m into Shelter Afrique

Femi Adewole

Shelter Afrique, the Pan-African housing financier dealing exclusively with the promotion of affordable housing, has received approval for a $28.2 million injection from the African Development Bank (AfDB). This capital injection follows on from the $8.2 million equity investment by AfDB and the commitment made by the bank at the recently concluded extraordinary general meeting held in Nairobi, Kenya last ...

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Is the AfDB forgetting off-grid in its New Deal on Energy?

Akinwumi Adesina

A new senior job posting by the African Development Bank (AfDB) suggests that “business as usual” approaches at the bank will continue with regard to energy access, despite a clear rationale for more decentralised renewable approaches, writes William Brent, Director, Communications at Power for All In an advert this week in The Economist, the African Development Bank posted an opening for ...

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Invest in renewable energy, AfDB urges business

Assaad Razzouk

“Investments in renewable energy should be the concern of both the government and the private sector. This is one of the best ever innovations in COP conferences and it is time private investors in Africa wake up and seize the opportunity,” notes Assaad Razzouk, chairman of Association for Sustainable and Responsible Investment in Asia at a discussion on the theme, ...

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