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Browsing: Famine
- AfDB announces US$ 1.5 billion funding for emergency food responce
- AfDB pledges seeds & fertilizers for 20 million smallholder farmers
- Oxfam warns of famine in Somalia
In May 2022, the African Development Bank (AfDB) Board of Directors approved $1.5 billion in funding for what the bank called the African Emergency Food Production Facility; one year down the road, has the funding achieved its purpose?
AfDB President Akinwumi Adesina described the facility as a necessary support for Africa’s emergency food response in the face of shortages caused by the Russia-Ukraine war.
The bank’s President said the funding will help to significantly increase food production in Africa and avert what he at the time described as ‘the looming food crisis caused by the Russia-Ukraine war.’
Making the announcement at the Summit of G7 leaders last year in Washington, Mr. Adesina announced that the African Development Bank (AfDB) would out of its own …
Somali PM Mohamed Roble has apologised to the UAE for the seizure of US$9.6 million in April 2018.
The Somali government, at the time, said the money seized at Mogadishu airport was intended for purposes of destabilising the country.
On the contrary, the UAE claimed it was for paying the salaries of the Somali military.
Read: Mastercard signs partners to elevate e-commerce in Somalia with new debit card launch
The back story
After the seizure, security officials in Somalia said the substantial amount of cash was intercepted after the plane landed from Abu Dhabi, the United Arab Emirates, at Mogadishu airport.
There were three suitcases carrying the US$9.6 million which were put in storage inside Somalia’s national bank, according to two senior security officers.
Security officials in Somalia said they had intercepted a substantial amount of cash that landed from Abu Dhabi, the United Arab Emirates, at Mogadishu airport on …
FAO says that in addition to lost agricultural assets, the state of core basic services across northern Ethiopia is impeding relief efforts.
“Electricity and fuel are lacking, cash and credit are not to be found, and there is only one functional road in and out of the region”, noted Paulsen.
According to the organization, the conflict commenced at the peak of what would have been the main Maher season harvest before many households had the opportunity to harvest their crops.…