AfDB to increase fish production in Africa by 5m tonnes by 2025

NIGERIA - The multilateral development finance institution, African Development Bank (AfDB) Group has announced it is targeting to increase aquaculture production in Africa by five million tonnes by 2025. Through its Technologies for African Agricultural Transformation (TAAT) programme, the bank is looking to increase inland water fish to enable Africa become self-sufficient in fish production,…

AfDB to invest US$120 million to boost cassava and rice production

NIGERIA - The African Development Bank Group has revealed plans to invest US$120 million over the next two to three years in the production and transformation of cassava among other important commodities. As part of a strategy to achieve agricultural diversity, the funding will also boost production of maize, sorghum/millet, wheat, livestock, aquaculture, high iron…

Morocco to receive US$236m from AfDB to reinforce agricultural value chains

MOROCCO - The Board of Directors of the African Development Bank, Côte d’Ivoire’s multilateral development finance institution has approved US$236 million loan for Agricultural development in Morocco. The funding will finance the Program for Supporting the Inclusive and Sustainable Development of Agricultural Value Chains (PADIDFA) while reinforcing sustainable job creation. The program aims to support…

AfDB, UN join hands to improve Africa’s industrial transformation

AFRICA - The African Development Bank (AfDB) has joined partners with the African Union Commission, African governments, United Nations agencies and development finance institutions in a bid to renew support for the industrialization of African countries. The agencies have also agreed to undertake and implement joint programmes for increased development impact, especially in mobilization of…

Ghana, Ivory Coast seek loan to add value to cocoa 

GHANA - Ghana and Ivory Coast are seeking a joint US$1.2 billion loan facility from the African Development Bank (AfDB) to establish warehouses and set up chocolate manufacturing facilities, a senior Ghanaian government official has said. The plea is in response to the sharp decline of the price of cocoa on the world market, the…

AfDB debuts platform to build Africa’s food and cuisine value chain

IVORY COAST - The African Development Bank (AfDB) has partnered with a number of organisations with a goal to boost the contribution of the food and culinary sector in Africa, thereby creating jobs and improving the economies across the Continent The Bank, through an online initiative, is advocating closer linkages between development partners and policy-makers…