#africandevelopmentbank

[thxnews]

Revolutionizing Chimoio: Inclusive Urban Sanitation

  Transformative Funding for Inclusive Urban Sanitation

In a decisive move on November 14, 2023, the Board of Directors of the African Development Bank Group greenlit a substantial grant of $27 million for Mozambique. The allocation falls under Pillar I of the Transition Support Facility, signaling a strategic financial commitment.   Addressing Sanitation Gaps in Chimoio The financial support aims to kickstart the Inclusive Urban Sanitation Project in Chimoio, Mozambique’s fifth-largest city, home to over 400,000 residents. The primary objective is to enhance access to improved sanitation services, a pivotal step towards mitigating water-borne diseases and curbing environmental pollution.  

The Chimoio Transformation Agenda

This transformative project holds the promise of ushering in a new era for Chimoio, fostering economic growth, and creating value along the sanitation service chain. By systematically reducing water-borne diseases and pollution, the project lays the groundwork for a resilient and sustainable urban environment.   Nature-Based Solutions for Climate-Resilient Facilities The Inclusive Urban Sanitation Project is not just about infrastructure; it's a holistic approach. With 76 kilometers of sewer networks, two pumping stations, and a nature-based sewage treatment plant, the project integrates nature-based solutions. This innovative design ensures the safe processing of wastewater and fecal sludge, aligning with climate-resilient principles.  

From Sewers to Public Facilities: The Project Blueprint

The comprehensive plan encompasses the construction of vital sanitation infrastructure, including 76 kilometers of sewer networks and two pumping stations. Moreover, it involves establishing a nature-based sewage treatment plant and constructing 30 public sanitation facilities. This multifaceted approach extends support to vulnerable community members by providing household sanitation facilities. Additionally, it incorporates hygiene and sanitation promotion campaigns to ensure widespread awareness and participation.   Empowering Chimoio’s Municipality for Sustainable Management Beyond physical infrastructure, the project offers technical assistance crucial for the sustainable management of sanitation facilities. Chimoio’s Municipality will receive capacity enhancement to navigate the complexities of facility management. The endeavor also involves collaboration with small sanitation businesses or operators to ensure a robust and sustainable sanitation service provision.  

Chimoio’s Role as an Economic and Logistics Hub

Chimoio, the strategic focal point of this initiative, is not just a beneficiary but a key player in Mozambique's economic and logistical landscape. Situated at the center of the country, 1,100 kilometers north of Maputo, and 95 kilometers from the Zimbabwean border, Chimoio stands as a critical hub for rail, road, and air transport. Its pivotal position on the Beira transport corridor reinforces its importance in regional connectivity. In allocating this substantial grant, the African Development Bank Group not only addresses a critical need in Chimoio but sets a precedent for strategic investment in sustainable urban development across the continent. The Inclusive Urban Sanitation Project marks a significant stride towards healthier, more resilient, and economically vibrant urban centers in Africa.   Sources: THX News & African Development Bank Group. Read the full article

[biglisbonnews]

Nigeria has launched a $672 million fund for startups after the collapse of three US banks Nigeria has launched a $672 million fund to support its tech startups amid the upheaval caused by the recent collapse of three key US banks.Read more... https://qz.com/nigerias-launches-672-million-fund-for-startups-1850231603

[earl1414]

Proudly African... @mrfitnessafrica #anticipate #africandevelopmentbank #WHO #FitAfrica #fitness #entrepreneurs #business #health #healthambassadors

[theinfostride]

SEC secures AfDB grant to boost investor protection, regulation …Investors’ wealth rises by N163b in thr... Read more: https://bitly.com/2UleIbc #AFDB #AfricanDevelopmentBank #SEC #SecuritiesandExchangeCommission #BusinessMatters

[dabexdaily]

France-Africa summit aims to counter COVID's economic impact: #France is due to hold a summit for selected African heads of state to spur economic #growth in light of the #COVID19 #pandemic. Experts differ on the guest list and #conference expectations citing reality on the ground. On May 18, French President #EmmanuelMacron will play host to several African leaders. Amongst them is the chairperson of the #AfricanUnion and the head of the #AfricanDevelopmentBank. Also expected to be in attendance will be some European leaders, G7, G20, #InternationalMonetaryFund (IMF), and other financial institutions. COVID-19 is the topic of the moment, but when it comes to French-Africa relations, the waters are easily muddled by other issues such as colonial legacies, #FrancAfrique, aid, and the use of the Franc #CFA currency. https://lnkd.in/eeSgwHN Dinner at the Élysée on Sunday; #FélixTshisekedi, #AlassaneOuattara, #MackySall, #MuhammaduBuhari, #PaulKagame, Roch Marc Christian Kaboré, Bah N’Daw, #NanaAkufoAddo, #CyrilRamaphosa, #FilipeNyusi, #JoãoLourenço, Faure Essozimna Gnassingbé, #SahleWorkZewde.. All are invited to a #dinner at the #ÉlyséePalace on the eve of the #summit, May 17. https://lnkd.in/eCV8Wbq #FranceAfricaRelations #PartnerWithAfrica #Africa #FDI #AfCFTA #audi (at Paris, France) https://www.instagram.com/p/CO7_5JmN-Cq/?igshid=q9waeo0x4v3u

[emeriobanque]

African Development Bank Honored With Best Multilateral Financial Institution 2021 Recently, The African Development Bank registered its remarkable presence in the 22nd edition of the Global Finance Best Investment Bank Awards where the reputed and esteemed U.S. magazine expert in the review & evaluation of the financial markets finds out tremendous investment banking capacities operating in the global market. The main highlight of this event took place when the African Development Bank was given by the name of the “best multilateral financial institution in the world for 2021” by Global Finance. Additionally, a few days back, Arab Bank was also honored with the Best Trade Finance Provider 2021 Award for the Middle East region. This award brings a global acknowledgment of its consistent and path-breaking endeavors to facilitate its clients - its 54 provincial member nations - with aid in funding their development. Also, it is a worldwide affirmation of the bank’s success of the operational procedure being sought after by the African Development Bank under the administration of its President, Dr. Akinwumi A. Adesina, who was re-appointed for a second continuous five-year term as the head of the institution last year. Read more: http://bit.ly/3cqAcsh #AfricanDevelopmentBank #GlobalFinanceMagazine #COVID19pandemic #financialupdate #businessnews #emeriobanquenews https://www.instagram.com/p/CMTuv9vlP6P/?igshid=307rx5rl2js3

[newscheckz]

Simon Mizrahi Appointed African Development Bank Acting Director

New Post has been published on https://newscheckz.com/simon-mizrahi-appointed-african-development-bank-acting-director/

Simon Mizrahi Appointed African Development Bank Acting Director

Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division.

The African Development Bank is pleased to announce the appointment of Mr. Simon MIZRAHI as Acting Director, Communication and External Relations Department (PCER), effective 16 December 2020.

Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division.

Before joining the African Development Bank, he worked for the Organization for Economic Cooperation and Development (OECD), based in France, as Senior Policy Adviser, Aid Effectiveness Division (2001-2007) and as Deputy Head, Aid Effectiveness (2007-2009).

As Deputy Head at the OECD in charge of aid effectiveness, Simon authored the Paris Declaration on Aid Effectiveness and the Accra Agenda for Action—two landmark agreements adopted by 110 countries and organizations across the world.

Prior to this, Simon worked as Director, International Development Consultancy Services (1996-2001) and as a Country Director for Médecins du Monde, Kigali (Rwanda) and Managua (Nicaragua), from 1994 to 1996.

Simon is a seasoned senior executive with more than twenty-five years’ experience delivering strategic leadership on development and development policies.

He excels in fast-paced, high-pressure environments and executing complex operations in challenging settings around the world.

He has extensive experience in leading policy work and has published on issues central to the development agenda with a strong emphasis on development impact, climate change and development effectiveness.

Simon is currently the Director for Delivery, Performance Management and Results. In this capacity he oversees the delivery of results on the Bank’s $10 billion annual investments across the African continent and engages with the Bank’s Board of Directors and donors on the full complexity of the Bank’s development challenges.

In the course of his career, Simon has demonstrated a strong capacity for thought leadership, strategic decision-making and delivering bottom-line results.

He holds a Masters of Philosophy degree in Political Sciences and International Relations, University of Cambridge, United Kingdom (1991) and a Masters in Politics, Philosophy and Economy (PPE), Institut d’Etudes Politiques de Paris (Sciences-Po), France (1990).

Commenting on his appointment President Akinwumi Adesina said “I am pleased that Simon has stepped into this role to provide strong leadership and support for the Department until a substantive Director is appointed.

He is known for delivering results and building effective partnerships and networks to effectively communicate and advance the work of the Bank”.

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[agentfascinateur]

After a 100 billion dollar increase in capital last Fall, based on the AfDB's president record, suddenly Steve Mnuchin calls the development bank president into doubt on the eve of his re-election. The US are not the biggest shareholder and the president is backed by African leaders.

[thxnews]

Africa's Food Future: Transforming Agriculture Together

  "Harnessing Change" at the Borlaug Dialogue

Africa's food and agribusiness sector is poised to become a powerhouse, with a projected value of $1 trillion by 2030, according to Dr. Akinwumi Adesina, President of the African Development Bank. This exciting revelation took center stage at the Norman E. Borlaug Dialogue, an annual event held in America's agricultural heartland. This year's gathering focused on the theme "Harnessing Change," where delegates and panelists explored innovative strategies to bolster innovation, adaptation, and diversification, all while fortifying resilience and sustainability in global food systems.   African Leaders Rally for Food Security In a world where food security is a pressing concern, several world leaders are actively working to strengthen food production and food security across Africa. In a significant show of unity, they convened at the landmark global Feed Africa summit in Dakar, also known as the Dakar 2 Summit, last January.   Unlocking Africa's Agricultural Potential Africa, home to 65% of the world's uncultivated arable land, is paradoxically a net food importer. African leaders are determined to make their countries self-sufficient and even food exporters. With the global population projected to reach nine billion by 2050, the imperative to boost agricultural productivity in Africa has never been more critical.  

From Dakar 2 to Des Moines: African Development Bank's Vision

At the Borlaug Dialogue, Dr. Akinwumi Adesina took the stage to emphasize the achievements of the Dakar 2 Summit, an event organized by the African Development Bank in collaboration with the Senegalese government and the African Union. During this session titled "From Dakar 2 to Des Moines," Adesina highlighted that 34 African leaders had endorsed country-specific food and agriculture delivery compacts. These compacts outline action-driven plans aimed at ensuring food security and unlocking Africa's vast agricultural potential within five years.   Empowering Millions Through the Feed Africa Strategy These compacts align closely with the core objectives of the African Development Bank's Feed Africa strategy, which was launched in 2016. Since its inception, this strategy has already positively impacted more than 250 million people by providing access to improved agricultural technologies.   Investment Commitment for Food Security Adesina further disclosed that partners had committed over $70 billion to support these food compacts, with the African Development Bank pledging $10 billion over the next five years. The collective determination of African leaders at the Dakar 2 Summit underscores their commitment to ensuring the continent achieves food self-sufficiency.   Ethiopia's Wheat Success President Sahle-Work Zewde of Ethiopia, who also attended the Borlaug Dialogue, celebrated Ethiopia's newfound self-sufficiency in wheat production and its ability to export wheat to neighboring countries. President Zewde pointed out that the African Development Bank's Technologies for African Agricultural Transformation (TAAT) initiative significantly contributed to this accomplishment. TAAT facilitated the distribution of over 100,000 tons of heat-tolerant wheat seeds, resulting in a remarkable 1.6 million metric ton increase in Ethiopia's wheat production in 2023.   The Role of Leadership Vice President Kashim Shettima of Nigeria underscored the importance of leadership in Africa's quest to achieve food security and sustainable development. Shettima emphasized that a nation's fate hinges on the quality of its leadership.   Combating Corruption and Fostering Investment Governor Caleb Mutfwang of Nigeria's Plateau State spoke about the necessity of addressing corruption and reducing administrative bottlenecks to attract investors. Mutfwang emphasized the importance of making investments in Plateau State a win-win proposition and called for streamlining the process for investors.  

The African Development Bank's Commitment

The African Development Bank has already dedicated $853 million to public-sector-initiated Special Agro-Industrial Processing Zones (SAPZs) and successfully mobilized $661 million in financing alongside co-financing partners. Together, these partners are investing over $1.5 billion to establish 25 agro-industrial zones and supporting ecosystems in 13 countries.   Inviting Investment in Africa's Agribusiness Sector Adesina extended an invitation to investors and stakeholders to confidently invest in Africa's food and agribusiness sector. He highlighted the strong political will and promising results on the ground, encouraging investment in the continent's food future.  

Champions of Change and Growth

The African Development Bank has been a stalwart contributor to the Borlaug Dialogue, with Dr. Akinwumi Adesina receiving the World Food Prize laureate in 2017 for his transformative work in the African food system. His achievements include combating corruption in Nigeria's fertilizer industry, securing resources for smallholder farmers, and enhancing crop and production efficiency.   A New Borlaug Laureate This year's Borlaug laureate, Heidi Kuhn, receives recognition for her farmer-focused development model and her remarkable efforts to revitalize farmlands, ensure food security, sustain livelihoods, and enhance resilience in conflict-affected regions worldwide.   Commendation for the African Development Bank's Initiatives Ambassador Kenneth M. Quinn, President Emeritus of the World Food Prize Foundation, and Ambassador Terry Branstad, the Foundation's current President, lauded the African Development Bank's initiatives to feed Africa, acknowledging their significant contribution to the continent's food and agricultural future.   Sources: THX News & African Development Bank Group. Read the full article

[scholarshipja]

📱Have you been invited to the African Development Bank Young Professionals Program (AfDB YPP) #interview? Or are you intending to prepare for this phase in advance?⠀ ⠀ 🌎#OpenIGO offers you a mock interview with a specialized professional who has extensive experience.⠀ ⠀ 👉Check their store link: https://www.openigo.com/shop (link in the bio!)⠀ ⠀ 💼If you have reached this stage of this competitive selection process, this investment is essential and very small, compared with the benefits it provides. ⠀ ⠀ 🎓Our team is here to help you build an international career.⠀ ⠀ 🗓If you think this challenge is for you, DM us and ask for further information on the AfDB YPP Products & Services. ⠀ ⠀ #AfDBYPP #AfDB #AfricanDevelopmentBank #Mockinterview #ypp #uninternships #intershipabroad #unjamaica #unitednation @openigonetwork #internships #SJinternships https://www.instagram.com/p/B6fam90hSRg/?igshid=19x7geceiayqs

[agroalliednigeria-blog]

Millennials in Ghana Are Working Hard To ‘Make Farming Sexy’.

Young Ghanaians are quitting their jobs to become farmers and encouraging others to do the same, and, as Sarah Maslin Nir finds out, it’s helping people to protect their country’s economy.

fter he graduated from university, Vozbeth Kofi Azumah was reluctant to tell anyone – even his mother – what he planned to do for a living. “I’m a farmer,” he says, buzzing his motorcycle between freshly plowed fields in Agotime Beh, Ghana. “Here, that’s an embarrassment.” In some parts of the world, farmers are viewed with respect and cultivating the land is seen as an honorable trade. But in a region where most agriculture is still for subsistence – relying on cutlass, hoe and a hope for rain – farming is a synonym for poverty. But Azumah is among a growing number of young, college educated Africans fighting the stigma by seeking to professionalize farming. They are applying scientific approaches and data-crunching apps not just to increase yields, but to show that agriculture can be profitable. They call themselves “agripreneurs”. It’s a steep challenge. Undeveloped distribution networks, poor roads and fickle water supplies are difficult hurdles for even the most competent farmer, and many of these would-be farmers have little training or experience. However, these agricultural entrepreneurs hope both to make money and to tackle the confounding calculus of a continent that holds about 65 per cent of the world’s most arable uncultivated land, but which imports over £27.6bn in food a year, according to a report by the African Development Bank. In Ghana, they’ve been bolstered by the government, which is in the midst of an ambitious national rollout to increase agricultural capacity and entice young people back to the farm. As in much of the rest of the continent, Ghana’s farmers are ageing, even as young people pour into cities in search of jobs amid skyrocketing youth unemployment. Rolling up sleeves and bucking convention, some young farmers have left behind cushy jobs. They tend to be people who have the means to lease or buy large tracts of land, and afford a loss. They often have little more training on how to rear chicks and till soil than from YouTube videos. But underscoring their work is a sense that what’s at stake is Africa’s economic future. “We have to make farming sexy,” says Emmanuel Ansah-Amprofi, as laborers on his farm in Gomoa Mpota, in the central region, plant cassava shoots in neat rows. A few years ago, Ansah-Amprofi was working in immigration law, when he discovered in a local market that the onion he was buying had been imported from Holland. “I was really angry with our country,” says Ansah-Amprofi, 39. “How can we be importing this much vegetables, and have a lot of youth on the street? How can we have all this land, good weather, a lot of water bodies, but we still are importing onions?” “I went straight to my home and Googled, ‘How difficult is it to farm?’” Two years later, in 2016, he started a farm growing a variety of fruits and vegetables, and also helped to found Trotro Tractor, an app that lets farmers who once tilled by hand locate and rent shareable tractors. For Azumah, 27, the future is giant rats. And giant snails. 

Both are a rare delicacy here, and typically harvested from the wild. Azumah, who has a bachelor’s degree in social science, spotted a missed opportunity: captive breeding. When he told his mother, Martha Amuzu, she wept. “Oh, I cried,” she says, sitting in the family farmhouse in the Volta region, about four hours from Accra, the capital. “My expectation for him was to advance his education, to work in an office wearing suit and tie.” Outside her doorstep, her son has transformed what was once a small subsistence plot into “West African Snail Masters,” his snail hatchery. He has just begun with 500 fist-size land snails plucked from the forest floor in Ghana in the rainy season, when they are plentiful. On a recent afternoon, Azumah wandered between the newly built pens, testing soil moisture and alkalinity. In another outbuilding, he fed leaves to pens of the giant rats, also known as grasscutters. When his mother saw his modern methods, she was won over. “There are others working in white-collar jobs and they hardly get paid,” she says. Azumah now produces online workshops to get others interested in raising snails. “I see a university degree as, you have learned to think outside the box, to come up with solutions” to problems like poverty and food insecurity, he says. Though about 60 per cent of Africa’s population is younger than 24, the average farmer’s age is 60, according to the UN Food and Agriculture Organisation. Without intervention, experts say, Africa runs the risk of having no one to replace its farmers as they die. 

At the same time, low use of fertiliser, and reliance on things like rain-fed irrigation, has left Africa with crop yields that are only 20 to 30 per cent of what could be produced, research has found. While there are large, successful farms on the continent, most farmers in sub-Saharan Africa are smallholders, cultivating an acre or less. Many farmers are hardly able to feed their families, much less engage in business ventures. Since President Nana Akufo-Addo took office in 2017, Ghana has made raising the productivity of its agricultural sector a key initiative. Augustine Collins Ntim, the deputy minister for local government and rural development, says he was struck to find on his travels to the United States and Europe that some farmers were well-to-do. “You come back home in Ghana, our farmers are living in abject poverty,” he says. “The gap is political commitment and leadership.” Over 2,700 agricultural officers, each issued a motorbike by the government, have been deployed across the country to educate farmers on best practices, such as which crops are most adapted to climate change. Even with government support, farming still carries such a stigma that teachers chide students that if they don’t study hard, they’ll end up growing cassava. But celebrities have answered the call: a pop song features singers riding tractors and exhorting children to start farming, and there are several farming reality television shows. “We have to show people farming is bling,” says Emmanuella Pi-Bansah, a graduate student in charge of shelling escargot at West African Snail Masters. In cuff links and tie, seated in his mansion in Accra, Richard Nunekpeku, 34, wants to project what this new breed of agripreneur can achieve. Five years ago, he left a high-paying job as an international marketing manager for Samsung to raise fowl, cereals and vegetables through a cooperative, Anyako Farms. It hasn’t been easy. His first year, he invested nearly £63,100 in planting maize – but without irrigation, a dry spell wiped out the crop. The harvest earned just £6,300. Drawing on his corporate background, Nunekpeku started over, hiring researchers in soils and fertilser, and investing in high-tech irrigation. This year his farm is on track to break even for the first time, he says. A boom in technology that aims to increase productivity is helping make agriculture more modern and lucrative. The number of agricultural technology start-ups in Africa has grown exponentially from 2016 to 2018, according to a report by Disrupt Africa, a technology news site. For some young farmers, it is not enough just to lure their peers into the sector. Nana Adjoa A Sifa, 31, who has a degree in psychology, wants to utterly change how farming is done. After years of working to engage youth and women in farming, she became a farmer herself. And she uses no pesticides on her farm, Guzakuza, planting mutually beneficial vegetables on a single plot. “I want to transform mindsets, and Africa,” Sifa says, holding an organic carrot seedling. “If we fail, it means the industry has failed. It means we have failed many young people.” Read the full article

[dabexdaily]

African countries show significant progress on tax transparency – NEW report: African countries strengthened their ability to recover #funds held #offshore, directly boosting national #tax #revenues, according to the latest Tax Transparency in #Africa #report released last week. The trend signals continuing progress in the fight against #illicit fund flows out of Africa, worth an estimated $50 billion each year.  The Global Forum for #Transparency and Exchange of Information for Tax Purposes, the AfricanUnion and the African Tax Administration Forum produced the report, in close #partnership with the #AfricanDevelopmentBank. The first edition of the report was published in 2019. The report provides comparable tax transparency statistics to aid decision makers to address illicit fund flows. Thirty-four countries completed the #survey for the 2021 edition, including six non-members of the Global Forum: Angola, #DemocraticRepublicofCongo, #SierraLeone, Gambia, Zambia and #Zimbabwe. It noted progress on two core tax transparency pillars: political awareness and commitment, and capacity to advance tax transparency and the exchange of information. #TheAfricaWeWant #ThisIsAfrica AfricaMeansBusiness #AfCFTA #AU #GDP #TheAfCFTAEffect #OneAfricanMarket #CFTA #Trade #Diaspora #Agenda2063 AfricanUnity #Taxation #Investment Development #Funding #TradeInAfrica #AfCFTATrading AfricaRising (at South Africa) https://www.instagram.com/p/CPjGWMmNVSt/?utm_medium=tumblr

[phcitytraffic]

Governor of Ghana’s Central Bank, #AbdulNashiruIssahaku has resigned. This was made known to journalists by anonymous source... According to sources within the central bank, the governor who officially started his four-year term around September last year tendered his resignation on Wednesday citing personal reasons. Although the governors of the central bank have been insulated against political risk through an amended #BankofGhana Act which assures them the security of tenure, speculations have been rife immediately after the December election that the current government would like the governor to leave office so they could appoint a replacement. Issahaku was first appointed by former president John Mahama in April 2016 in an acting position when Henry Wampah tendered his resignation six months before the end of his tenure. Mahama was defeated at the polls by current president, Nana Akufo-Addo who won the election by 53 per cent. Sources within the central bank also named former head of the research department at the bank, Ernest Addison now with the #AfricanDevelopmentBank as one of the front-runners to occupy the Bank of Ghana chair. The outgoing governor held his last Monetary Policy Committee press briefing on Monday, where he announced a 200 basis point reduction in the bank’s benchmark policy rate from 25.5 per cent to 23.5 per cent. (at Port Harcourt)

[thetens-blog1]

Recruitment at African Development Bank (AfDB),May, 2017

Recruitment at African Development Bank (AfDB),May, 2017

Recruitment at African Development Bank (AfDB),May, 2017  Tags: African Development Bank African Development Bank (AfDB) – Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development…