Source: African Union (AU) |

Coronavirus - Africa: Communique of the African Union (AU) Bureau of Heads of State and Government Teleconference Meeting held on 3 April 2020

The Heads of States highlighted the unprecedented threat that Covid-19 presents to the health of African citizens and to the continent’s hard-won developmental and economic gains

President Cyril Ramaphosa of the Republic of South Africa, and Chairperson of the African Union (AU) convened a second and follow-up teleconference meeting of the AU Bureau of Heads of State and Government, on 3 April 2020, to discuss the African response to the Covid-19 pandemic. The following members of the…

Source: African Development Bank Group (AfDB) |

Opinion: The pandemic is no time for fiscal distancing (By Akinwumi A. Adesina)

The African Development Bank estimates that Covid-19 could cost Africa a GDP loss between $22.1 billion and $88.3 billion in the worst case scenario

Akinwumi A. Adesina is President of the African Development Bank Group (www.AfDB.org) These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic. And it seems almost no nation is spared. As infection rates rise, so does panic across financial markets, as…

Victor Oladokun
Source: Victor Oladokun |

LOCKING DOWN AFRICA NOW: There is no time for test runs (By Victor Oladokun)

The outlook for the continent is grim unless swift proactive actions are taken

By Victor Oladokun, is the former Director of Communication and External Relations, African Development Bank Group Two days ago, I received an urgent plea from Massimo, a good friend and a highly respected Italian journalist based in Rome. His message was simple, urgent and straight to the point. “Please Victor, pay…

Source: South African Government |

Coronavirus - South Africa: North West on opening informal businesses during Coronavirus COVID-19 lockdown

Government relaxes the operations of spaza/tuck-shop during the lockdown

The National Minister Khumbudzo Ntshavheni of Department Small Business Development has clarified the issue relating to the operations of informal traders this morning on an interview with SAFM as per amended Regulations and Directives issued last week.  The Minister indicated that spaza-shops and informal traders selling vegetables and fruits with…

Source: African Development Bank Group (AfDB) |

African Development Bank celebrates milestone with first social bond listing on London Stock Exchange

Record-breaking $3 billion Fight Covid-19 social bond launches on LSE: a first for the Bank

The African Development Bank’s (www.AfDB.org) “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, listed on London Stock Exchange on Friday 3 April 2020, and is now available through its Sustainable Bond Market. The listing marks an important milestone as the Bank…

Source: African Development Bank Group (AfDB) |

African Development Bank Group approves Gender Equality Trust Fund and Risk-Sharing Mechanism to improve women’s economic empowerment in Africa

Funded by donors, the GETF will support the delivery and scale-up of the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme

The Board of Directors of the African Development Bank Group (www.AfDB.org) have approved a new Gender Equality Trust Fund (GETF) aimed at pushing forward gender equality and women’s empowerment across the continent. Funded by donors, the GETF will support the delivery and scale-up of the Bank’s Affirmative Finance Action for…

Source: The World Bank Group |

How countries are using edtech (including online learning, radio, television, texting) to support access to remote learning during the COVID-19 pandemic

In support of this work, the World Bank is cataloguing emerging approaches, by country, in an internal database

The World Bank is actively working with ministries of education in dozens of countries in support of their efforts to utilize educational technologies of all sorts to provide remote learning opportunities for students while schools are closed as a result of the COVID-19 pandemic, and is in active dialogue with…

Source: The World Bank Group |

Coronavirus - Kenya Receives $50 Million World Bank Group Support to Address COVID-19 Pandemic

This funding is the first in a series of support the World Bank is providing to Kenya in response to the unprecedented challenge of COVID-19

The World Bank Group Board of Directors approved today $50 million in immediate funding to support Kenya’s response to the global COVID-19 (coronavirus) pandemic under a new operation - the Kenya COVID -19 Emergency Response Project. The project will provide emergency funding for medical diagnostic services, surveillance and response, capacity building,…

African Development Bank Group (AfDB)
  • Multimedia content

  • Images (2)
    • 2020-02-14 Kiaruni/Kenya Swarm of 40-50 million adult desert locust hits millet fields in dmall Kenyan village - By Nicole Macheroux-Denault
    • Swarm of destructive Desert Locusts fill the sky over Samburu NR, Kenya. Locusts appear as dots in front of White clouds and blue sky. Schistocerca gregaria - By Jen Watson
  • Links (1)
  • All (3)
Source: African Development Bank Group (AfDB) |

African Development Bank approves $1.5 million emergency grant to curb desert locusts ravaging East and Horn of Africa

The proposed assistance will be channeled to the Intergovernmental Authority on Development (IGAD)

The Board of Directors of the African Development Bank (www.AfDB.org) on Wednesday approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts that are threatening livelihoods and food security. The proposed assistance will be…

Source: African Development Bank Group (AfDB) |

African Development Bank wins industry gong for pioneering 2019 social bond issue

This Environmental Finance 2020 bond award was given by an independent panel comprising 30 of the world’s largest green, social and sustainability bond investors

The African Development Bank (www.AfDB.org) received on 30 March 2020 an award for its successful one billion Norwegian krone (NOK) social bond issued in 2019. This Environmental Finance 2020 bond award was given by an independent panel comprising 30 of the world’s largest green, social and sustainability bond investors. "It…