AfDB to pump US$300m in the development of agro-processing zones in Nigeria

NIGERIA – The African Development Bank is planning to support the implementation of the Special Agro-Industrial Processing Zones project in Nigeria with US$300m. Senior Special Adviser on Industrialisation to AfDB President, Prof. Oyebanji Oyelaran-Oyeyinka, revealed […]

AfDB approves US$37.2m to fund high credit risk projects in Africa

AFRICA – Africa Development Bank Group (AfDB) through its concessional financing window, the African Development Fund (ADF) has approved loans amounting to US$37.2 million to cover related credit risk for projects such as agriculture and […]

AfDB approves US$81.7m in funding for agricultural expansion in Sudan

SUDAN – The African Development Bank’s Board of Directors has approved a US$60m loan to Elnefeidi Group Holding Company in Sudan to help finance its long-term agriculture and food expansion programme. The loan is expected […]

Nigeria to partner with AfDB to promote development of agro-industrial zones

NIGERIA – The African Development Bank (AfDB) says it will partner with the Federal Ministry of Agriculture and Rural Development to promote the special agro-industrial processing zones targeted at increasing food production capacity and promoting […]

AfDB launches agriculture and food security joint Thematic Working Group in Ivory Coast

IVORY COAST – The African Development Bank (AfDB), in collaboration with The United Nations Economic Commission for Africa (ECA) and the African Union Commission (AUC) under the auspices of the Joint Secretariat Support Office (JSSO), […]

African Development Bank lends Congo US$80.75m to set up agricultural value chains

CONGO – The Board of Directors of the African Development Bank have approved a loan of US$80.75 million for the Republic of Congo to set up agricultural value chains for the benefit of more than […]

AfDB approves US$13.2m funding for sustainable fisheries, aquaculture development in Malawi

MALAWI – The African Development Bank Group (AfDB) has approved a US$13.2 million financing package from the African Development Fund for a fisheries and aquaculture development project in Malawi for sustainable fisheries, aquaculture development and […]

AfDB signs US$5.4m financing agreements to boost agriculture sector

AFRICA – The African Development Bank (AfDB) and the African Fertilizer and Agribusiness Partnership (AFAP) have signed grant agreements worth US$5.4 million that seek to boost the agriculture sector. The agreement aims to officially launch Africa […]

AfDB relaunches initiative to support African agricultural transformation

AFRICA – The African Development Bank (AfDB) with support from the Rockefeller Foundation and the Bill & Melinda Gates Foundation has relaunched the Leadership for Agriculture (L4AG) Forum. The L4AG Forum is a platform that […]