Browsing: Africa Development Bank

African Development Bank Group Grants Togo $5 Million for food security www.theexchange.africa

Over the course of the two agricultural seasons that will comprise 2022 and 2023 in Togo, the country anticipates producing an additional 37,500 tonnes of grains. The food and nutrition security of approximately 120,000 additional people will be improved.

The National Food Security Agency, Management Pool and Agricultural Input Supply, the Advisory and Technical Support Institute, and the Agricultural Financing Incentive Mechanism are just some of the organisations that benefit from the comprehensive capacity-building component in the works for the Togolese agricultural sector.

The AfDB Group launched a US$1.5 billion African Emergency Food Production Facility on May 20, 2022, to address the effects of the war between Russia and Ukraine, leading to soaring food prices worldwide. The facility aims to provide agricultural seeds to 20 million producers across Africa.

This facility was launched in order to address the effects of the war between Russia and Ukraine, which has led to …

Constructed under the East African Community regional development project, the road is key to the much aspired regional integration and opens doors to the ports for Africa’s landlocked countries like Uganda, Rwanda and the DRC.

Owing to its importance, the African Development Bank and the Japan International Cooperation Agency (Jica) are among the project funders as well as the Tanzanian government itself through its own internal revenue.

Complete with spar roads, the highway will open up enormous economic potential of each region it passes. On the other side of the border, the Kenyan government has also begun work on the connecting 40km project Mtwapa-Kilifi Road, part of the overall 460km Malindi-Tanga-Bagamoyo East African corridor development project.…

There is need to rebrand Africa, to give it a better, truer image or in the words of the President for the African Development Bank (AfDB)) Dr Akinwumi A. Adesina to change the narrative on Africa to attract increased investments into the continent.

Granted the head of AfDB specified the Africa rebranding be specific for the USA but the idea stands true in general, the World needs to see Africa differently. The assertion comes ahead of the upcoming “Africa Investment Forum 2021.’

To be held this December (1-3), the event is one of the biggest flagship initiatives of the African Development Bank that is designed to attract billions of dollars in investment for strategic development projects across the continent.

“The annual forum has come to be an invaluable platform during which the Bank successfully attracts critical investment for the continent’s infrastructure, agriculture and health care system needs among others, especially …

The Infrastructure Consortium for Africa (ICA), the bilateral organisations housed by Africa Development Bank and drawing membership from the G8 countries (Canada, France, Germany, Italy, Japan, Russia, the UK and the US) has released a new report that shows a significant increase in financial commitments for infrastructural development in Africa.

Among the key findings of the report was an increase in financing commitments across all sectors, with a notable increase in the energy sector, which attracted financing commitments worth $43.8 billion, an all-time high and a 67% increase on the 2015-2017 average. The ICT sector also saw record commitments in 2018 of $7.1 billion, mostly from the private sector.

 the ICA’s Infrastructure Financing Trends in Africa 2018 report shows that financing of infrastructure in Africa reached a new high of $100.8 billion in 2018, a jump of about a quarter on 2017 and 38% up on the 2015-2017 average.

Mike …

AfricInvest, a leading pan-African private equity firm, has announced the fourth close of Financial Inclusion Vehicle (FIVE), an evergreen platform for investing in financial institutions in Africa.Through its investments, FIVE aims to improve access to financial services for the growing African population, while achieving attractive financial returns for its investors.

AfDB, the African Development Bank, joined the capital of FIVE alongside existing investors FMO and BIO both development finance institutions of the Netherlands and Belgium, respectively; Norfund, the Norwegian investment fund for developing countries; IFU, the Danish investment fund for developing countries; KfW, the German government-owned development bank and CBK Pension Fund, the pension fund of the Central Bank of Kenya.

As the current level of banking penetration on the continent is a mere 20%, achieving universal access will require a fivefold increase. Digital transformation is one of the key drivers toward the universal access and as such, FIVE seeks …