The Board of Directors of the African Development Bank on 16 May 2023 approved a $11.7 million budgetary allocation to the African Fertilizer Financing Mechanism (AFFM) for its 2023 operations.
The African Development Bank Group (AfDB) has partnered with the International Fund for Agricultural Development (IFAD) to roll out Mission 1 for 200, an initiative aimed at helping 40 million African farmers by doubling productivity and producing 100 million metric tons of food for 200 million p
The Board of Directors of the African Development Fund approved a grant of $6.12 million to help strengthen public finance governance in low-income African countries.
The African Union Commission (AUC) and the African Development Bank (AfDB) signed a grant agreement to implement Phase 1 of the Upstream Project for Digital Market Development in Africa.
The signing ceremony took place on November 17 at AUC Headquarters in Addis Ababa, Ethiopia.
Ugandan startup Akatale On Cloud won a $100,000 (about Shs375 million) grant for its online fresh food market during the African Youth Adaptation Solutions Challenge (YouthADAPT) competition.
The African continent has enormous potential and remains an attractive destination for investors, despite complex national contexts and geopolitical changes, experts said during the Africa Investment Forum 2022 Market Days.
The United States government has announced it will provide a $5 million grant to the African Development Bank to support efforts to abate methane gas emission, across Africa.
Methane accounts for about half of the net rise in global average temperature since the pre-industrial era.
