Tag: AFDB

AfDB, African Union launch scorecard to track nutrition progress

Food Business Africa

AFRICA - The African Union Commission, African Development Bank (AfDB) and global partners have launched the Continental Nutrition Accountability Scorecard to raise awareness and help in curbing malnutrition. The nutrition assessment kit encompasses key nutrition indicators, including internationally agreed nutrition targets, specific and sensitive interventions, policy and legal provisions, nutrition financing and socio-economic impacts. Speaking…

Global Food Safety Partnership calls for more investments to promote domestic food safety

Food Business Africa

AFRICA - Global Food Safety Partnership (GFSP), a public-private partnership that promotes food safety, has called for more investments into the domestic food safety across African countries in order to curb food-borne diseases. According to a report by GFSP, investments in the African countries should be geared towards promoting food safety for its local consumers…

AfDB approves US$75m investment in Sudan’s largest food and agro firm, Dal Group

Food Business Africa

SUDAN - The African Development Bank (AfDB) has approved a multi-currency loan equivalent to US$75 million to DAL Group Co. Ltd, one of Sudan’s largest food and agriculture business groups. The transaction is expected to contribute to broad-based economic growth, build resilience and address food security as well as promote private sector-led economic diversification by…

AfDB invests US$7.5m in Africa Tech Ventures to boost innovative start-ups

Food Business Africa

AFRICA- African Development Bank (AfDB) has approved a US$7.5 million equity investment in Africa Tech Ventures (ATV), a venture capital firm specializing in startups with a focus on Africa. The investment aims to boost operations of highly scalable companies that use technology to innovate in key sectors such as consumer goods, corporate services, education, logistics,…

AfDB approves US$130 million to improve access to water in Rwanda

Food Business Africa

RWANDA - The African Development Bank’s (AfDB) Board has approved additional funding support of €115 million(US$130 million) to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and sustainable water supply services. The funding will cover strategic cities and address water and sanitation challenges in areas with a low…

AfDB to invest US$20m in Zimbabwe’s agricultural value chain

Food Business Africa

ZIMBABWE - Africa focused finance institution, African Development Bank (AfDB) has lined up US$20 million of investments in an agricultural value chain development programme in Zimbabwe, the Herald reports. The programme, which awaits approval from the government is looking to support three components of the agricultural value chains that is, beef development, horticulture development and…

AfDB contracts Kenyan firm in a US$1.78m grant to improve maize production

Food Business Africa

KENYA - The African Development Bank (AfDB) has unveiled a US$1.78 million initiative dubbed Maize Compact programme and has contracted smallholder firm, African Agricultural Technology Foundation(AATF) to distribute high-yielding maize varieties among smallholder farmers. Kenya is among 12 countries in Africa that will benefit from the programme which aims to increase maize production by at…

FAO and AfDB join forces to mobilize US$100m agricultural investment in Africa

Food Business Africa

GHANA- United Nation’s agency Food and Agricultural Organisation (FAO) and the African Development Bank (AfDB) have joined forces to mobilize US$100 million investment aimed at boosting the agricultural sector in Africa. The initiative projected to run for the next five years is also geared at tackling hunger, malnutrition and increase economic prosperity on the continent.…

AfDB to avail US$1.5bn annually to support young agriculture entrepreneurs in Africa

Food Business Africa

CÔTE D’IVOIRE - The regional development finance institution Africa Development Bank (AfDB) has said it will avail more than US$1.5 billion annually towards agriculture in support of young entrepreneurs in the sector across the continent, the Herald has reported. The financial support was part of its efforts to make agriculture more attractive to young people…

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

Food Business Africa

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,…