Africa Fertilizer Financing Mechanism Governing Council calls for more investments in Africa’s fertilizer value chain
The Africa Fertilizer Financing Mechanism’s Governing Council closed its eighth meeting with a call for increased investment to boost agricultural yields and build the industry across the continent.
‘Agriculture is the most important business in the world,’ African Development Bank President Akinwumi Adesina tells students
African Development Bank President Akinwumi Adesina reminded students of the important role they have to play in the continent’s economic development, as he was conferred with an honorary doctorate in his homeland. The Doctorate of Science was awarded by the Federal University of Agriculture in Abeokuta, Nigeria, on Tuesday, in honor of Adesina’s work in agriculture and food security across the continent.
Momou Dembélé, 30, is a qualified electrician. Married with two children, she left her hometown of Kimparana, where she trained, for Ségou in central Mali. With her husband's support, she landed her first job with Moulin Moderne du Mali (Modern Mill of Mali, or 'M3'), which produces wheat flour and pasta products.
Egypt: African Development Bank approves $22 million to expand leasing financing to corporates and SMEs
The Board of Directors of the African Development Bank on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. The Bank will mobilize $7 million of the $22 million from the Africa Growing Together Fund (AGTF), a co-financing fund, established with the People’s Bank of China.
Speech delivered by Dr. Akinwumi A. Adesina, President, African Development Bank at the launch of the African Economic Outlook, 2020.
Good afternoon everyone! Welcome to the African Development Bank for the launch of the 2020 African Economic Outlook. The African Economic Outlook is the flagship publication of the African Development Bank that projects economic growth trends on the continent and discusses policy approaches that can be used to improve economic growth and development. There is nothing like local knowledge.
Africa’s economic growth remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, the African Development Bank’s 2020 African Economic Outlook (AEO) revealed Thursday. The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa – whose joint growth was an average rate of 3.1 percent, compared with the average of 4.0 percent for the rest of the continent.
“Teach them smart solutions,” says out-of-the-box thinker Monique Ntumngia, founder of Green Girls, at 2020 African Economic Outlook launch
African governments must foster innovation and provide hands-on education solutions to young people if the continent is to beat the challenges of the next decade and meet global development targets. “Reality on the ground and the statistics do not meet, they are on parallel lines. There’s more of cram work in our educational system than actually getting us to think out of the box,” said Monique Ntumngia, Cameroonian founder of “Green Girls, a social business that educates young women from rural communities in the use of renewable energy.
Mali : Lancement officiel du Programme de développement et d’adaptation au changement climatique dans le Bassin du fleuve Niger
La Banque africaine de développement, le Gouvernement du Mali et l’Autorité du bassin du fleuve Niger (ABN) ont lancé, mardi 04 février 2020, à Bamako, le Programme intégré de développement et d’adaptation au changement climatique dans le Bassin du fleuve Niger (PIDACC/BN).
Antoine Mani Tonye sinks his thumb into the red soil to gauge how deep to plant the next seedling. The Cameroonian cocoa farmer has seen healthy yields and an improvement in his income since he began planting a locally adapted seed variety developed in a laboratory in the capital Yaounde. “In its first year, my nursery has been the best. This should get me out of poverty,” said Tonye, who farms his own plot in the village of Azanzoa on the outskirts of Mbalmayo in central Cameroon.
African Development Fund approves close to $35 million to the Government of Liberia for renewable energy
The African Development Fund has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia.
What: Presentation of African Economic Outlook 2020 Who: African Development Bank and the African Union Commission When: 7 February 2020, 10:00am - 12pm Where: Medium Conference Hall, African Union, Addis Ababa
Provide young people with new skills to meet the needs of a 21st century labor market, African Development Bank report urges
"Youth must be prepared for the jobs of the future – not the jobs of the past," African Development Bank President Akinwumi Adesina said on Thursday at the launch of the Bank's flagship African Economic Outlook.