AfDB seeks technology transfer to farmers for processing
The President of the African Development Bank Group, Akinwumi Adesina, has sought that farmers across the continent be given access to new technologies with the potential to transform agricultural production and intensify processing.
AfDB to increase fish production, others by 5m tonnes in Africa
The African Development Bank through its Technologies for African Agricultural Transformation (TAAT) programme is targeting to increase aquaculture production in Africa by five million tonnes by 2025.
Afreximbank, AfDB offer $.5m to 20 factoring firms
Emerging factoring companies in the continent would have increased financing opportunities with a new $500,000 grant scheme pioneered by Africa’s two major multilateral lenders. The African Export-Import Bank (Afreximbank) would now tap into the African Private Sector Assistance (FAPA) programme of the African Development Bank (AfDB) to provide the grant. The scheme, which would advance…
Africa50 fund gathers momentum as new catalyst for continent’s growth
It must be music to the ears of anyone interested in the rapid growth and industrialisation of Africa’s economies.In just three years since its take-off with a mandate to mobilise public and private sector finance to build Africa’s all-important infrastructure, the Africa50 fund has gathered momentum, with a growing portfolio of projects and capital base.
AfDB projects $3tr for Nigeria’s infrastructure financing by 2044
In the next 22 years, Nigeria’s Infrastructure financing needs will grow to $3trillion, the African Development Bank (AfDB) has projected. Consequent upon this projection, Nigeria would no longer rely on its yearly budgets to fund infrastructure development, hence the need for partnership with investors through a public private partnership (PPP) to attract private funds to…
AfDB, microsoft, others target nine million youths in coding for employment programme
The African Development Bank, together with partners – The Rockefeller Foundation, Microsoft and Facebook – launched the Coding for Employment Program at the African Innovation Summit in Kigali, Rwanda. By training youth in demand-driven Information and Communications Technology (ICT) curriculum and matching graduates directly with ICT employers, this new Program prepares Africa’s youth for tomorrow’s…
AfDB plans $120 million to boost cassava production
The African Development Bank (AfDB) has disclosed plans to invest $120 million within the next three years to boost productivity and transform cassava and eight other commodities in Africa.
AfDB says 100,000 marine animals killed by plastic pollution every year
The African Development Bank (AfDB), says there is the need to take action against plastic pollution in Africa.
AfDB’s Akinwumi Adesina speaks on accelerating Africa’s industrialisation
This year’s theme of the annual meetings of the African development bank focuses on accelerating Africa’s industrialisation.