The African Development Bank Group has approved a $75 million financing package to support Export Trading Group (ETG), a Mauritius-based conglomerate with extensive operations across Africa. ETG boasts a diverse portfolio spanning agricultural inputs, logistics, merchandising and processing, supply chain optimization, digital transformation, and energy. This package includes a $65 million participation from the Bank’s ...

Nigerian ministers gathered in Abuja with state representatives and other stakeholders to push for accelerated delivery of the SAPZ program in Nigeria. October 2024 The African Development Bank Group has reached an agreement with participating Nigerian state governments to speed up implementation of a program designed to develop eight new agro-industrial zones in the country. ...

From left to right: Dr Victor Oladokun, Senior Advisor to the Bank’s President for Communication and Stakeholder Engagement; Eric Rwigamba, Minister of State for Agriculture and Animal Resources, Rwanda; Henry Musa Kpaka, Minister of Agriculture and Food Security, Sierra Leone; Umar A. Namadi, Governor of Jigawa State, Nigeria; Dr. Anxious J. Masuka, Minister of Lands, ...

The African Development Bank’s support will help Angola strengthen job creation and promote youth entrepreneurship in the agriculture and transport sectors. The Board of Directors of the African Development Bank Group has approved a loan of $79.08 million to the Republic of Angola to promote youth entrepreneurship and employment in the agriculture and transport sectors. ...

The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the banks cumulative financing approvals in Nigeria stands at 10.9 billion dollars. Barrow said this at the Second Interactive Session and Workshop on Developing Bankable Business Proposals/Business Plans for Youths in Agriculture on Monday in Abuja. The News Agency of Nigeria (NAN) ...

Top development organisations have pledged to forge partnerships to expand the Vision for Adapted Crops and Soils (VACS), an initiative aimed at building resilient African food systems based on diverse, nutritious, and climate-adapted crops grown in healthy soils. On the sidelines of the African Fertilizer and Soil Health Summit in Nairobi, the African Union’s Commissioner ...

The African Development Bank (AfDB) has identified infrastructure development and the agricultural value chain as two investment priorities to support Zambia’s economic growth. The findings were outlined by the AfDB’s Board of Directors in the Bank’s latest Country Strategy Paper for Zambia for 2024-2029. “The first area emphasizes infrastructure development with the aim of increasing productivity, strengthening ...

Given the key role sustainable agricultural development will play in Africa’s future, the African Development Bank has embarked on a groundbreaking partnership aimed at transforming agricultural practices across the continent. On 29 November 2021, a landmark Memorandum of Understanding (MOU) was signed between the African Development Bank, the Ministry of Agriculture and Rural Affairs of ...

Workshop participants. Seated in the front row, Demba Sabally, Ministry of Agriculture (sixth from L), Mod Seck, Ministry of Agriculture PS ( fifth from L) Malick Ndiaye, WFP Deputy Director (2nd from R), AfDB’s Philip Boahen (4th from R). At the Sir Dawda Kairaba Jawara International Conference Center in Banjul, The Gambia, 50 participants attended ...

AfDB president, Akinwunmi Adesina The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soyabeans to boost food production. The bank is providing $134 million to achieve this, its president, Dr Akinwunmi Adesina, said on Saturday, February 2, 2024, after visiting the Centre for Dryland Agriculture (CDA) at Bayero ...