The Board of Directors of the African Development Bank Group has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya. The funding, approved on June 6, 2023, was provided by the European Union (EU) under its partnership with the African
Africa has the necessary partnerships and technologies to eradicate hunger, said African Development Bank President Dr. Akinwumi A. Adesina. What is needed is action including robust financing, Adesina said Monday during the opening session of the 8th Africa Agribusiness and Science Week (AASW) in Durban, South Africa. “We must pull together the best of science, technology,
Representatives of the African Risk Capacity (ARC) Group and the African Development Bank presented two cheques worth $1.5 million in insurance payouts to the Government of Madagascar and the World Food Programme (WFP) to support the country’s recovery from Tropical Cyclone (TC) Freddy. The funds, comprising $1.2 million to the government of Madagascar and $300,000 to the