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The continent contributes substantially to the world’s annual production of six key minerals: 80% of platinum, 77% of cobalt, 51% of manganese, 46% of diamonds, 39% of chromium and 22% of gold Africa must use all its comparative advantages to mobilize the resources it needs to finance its sustainable development ambitions. Since 2010, official development […]
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The occasion brought together over 200 participants from CIF recipient countries, contributing states, the private sector, civil society, local community groups, and the Fund’s international partners In March 2023, the Climate Investment Funds (CIF), the Government of Côte d’Ivoire, and the African Development Bank Group (www.AfDB.org) held a four-day event to share knowledge from 15 […]
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Egyptian businesses keen to increase business and deepen integration with other African countries The African Development Bank (www.AfDB.org), in collaboration with the Egyptian Commercial Services (ECS) department of the Egyptian Ministry of Industry and Trade, has ended its first Industrial and Trade Business Opportunity Seminar (IT-BOS) dedicated to establishing business relationships with Egyptian manufacturers and […]
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Coding for Employment and its partners aim to reach over 1,800 Kenyan youth through the two centers The African Development Bank (www.AfDB.org) has opened a second Information and Communications Technology Centre of Excellence at the United States International University-Africa in Nairobi. This marks an important milestone for the Bank’s Coding for Employment program (https://Coding4Employment.org) and its growing […]
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For Investment And Development(EBID ) To Enhance Food Security And Boost Agricultural Value Chains In The Region EBID will use the three-and-a-half-year facility to provide direct financing to local corporates The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a dual-currency Trade Finance Line of Credit for ECOWAS Bank for Investment […]
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Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself The African Development Bank Group (www.AfDB.org), will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and […]
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This loan is the first approved under the African Development Bank’s $1.5 billion African Emergency Food Production Facility. The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a €121 million loan to Senegal for implementation of an emergency agricultural programme that will benefit 850,000 small farmers, 35% of whom are women. “Senegal’s dependence […]
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WASHINGTON D.C., United States of America, May 13, 2022/APO Group/ — The president of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, made a compelling case, on Wednesday, for the United States to back the institution’s $1.5 billion emergency food production plan. The plan seeks to avert a looming food crisis in Africa caused by […]
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