African Development Bank Group (AfDB)
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    • Finance in Common Summit Spring Meeting: public development banks call for new financing for Africa’s recovery post-Covid-19
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Source: African Development Bank Group (AfDB) |

Finance in Common Summit Spring Meeting: public development banks call for new financing for Africa’s recovery post-Covid-19

Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost a strong and inclusive recovery in Africa

A global coalition of public development banks today emphasized the urgency of immediate resources for Africa’s recovery post-Covid 19. Together, they committed to deepening cooperation to boost investment opportunities across the continent. Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost…

Kuwait Foundation for the Advancement of Sciences (KFAS)
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    • Director General of Kuwait Foundation for Advancement of Sciences Dr. Khaled Ali Al-Fadhel and member of Al Sumait Board of Trustees
    • Al Sumait joint winners of Al Sumait prize 2018 health category Rakai Health Sciences Program Co-Founders with the late Amir of the State of Kuwait, His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah
    • Al Sumait Prize for African Development Gold Shield
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Source: Kuwait Foundation for the Advancement of Sciences (KFAS) |

Recognition of accomplishments in Africa key to continued development says new Director General of KFAS

Dr. Khaled Al-Fadhel succeeds Dr. Adnan Shihab-Eldin, who retired earlier this year, and had served as Director General of KFAS since 2011

The Kuwait Foundation for the Advancement of Sciences (KFAS) (www.KFAS.org) announced the appointment of Dr. Khaled Ali Al-Fadhel as the new Director General of the Foundation in March. In this capacity, he will also serve on the Board of Trustees for the Al-Sumait Prize for African Development (www.AlSumaitPrize.org). Dr. Al-Fadhel…

National Basketball Association (NBA)
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    • Basketball Africa League and Agence Francaise de Developpement to Advance Education and Inclusion in Africa
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    • Basketball Africa League and Agence Francaise de Developpement to Advance Education and Inclusion in Africa
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Source: National Basketball Association (NBA) |

Basketball Africa League and Agence Francaise de Developpement to Advance Education and Inclusion in Africa

Inaugural BAL Season Will Take Place May 16-30 in Kigali, Rwanda

The Basketball Africa League (BAL) (www.theBAL.com) and the Agence Française de Développement (AFD), France’s public development bank committed to financing and technical assistance for projects that improve the lives of people in developing and emerging economies, today announced AFD as an official partner of the BAL.  The inaugural BAL season…

Perseus Mining Ltd.
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    • Strong Sustainability Performance sees Perseus Mining deliver US$385 million to Ivorian and Ghanaian Economies in 2020 (1)
    • Strong Sustainability Performance sees Perseus Mining deliver US$385 million to Ivorian and Ghanaian Economies in 2020 (2)
    • Strong Sustainability Performance sees Perseus Mining deliver US$385 million to Ivorian and Ghanaian Economies in 2020 (3)
    • Strong Sustainability Performance sees Perseus Mining deliver US$385 million to Ivorian and Ghanaian Economies in 2020 (4)
    • Strong Sustainability Performance sees Perseus Mining deliver US$385 million to Ivorian and Ghanaian Economies in 2020 (5)
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Source: Perseus Mining Ltd. |

Strong Sustainability Performance sees Perseus Mining deliver US$385 million to Ivorian and Ghanaian Economies in 2020

As part of its longstanding commitment to the communities in which it operates, Perseus reported increasing community investment by 71% to around US$1.9M in CY20

Perseus Mining Limited (TSX & ASX: PRU) (www.PerseusMining.com) has released its CY20 Sustainable Development Report. The report details the company’s progress over the past 12 months in delivering on its commitment to responsible mining operations in Côte d’Ivoire and Ghana, including an overall economic benefit to host countries totalling about…

Source: African Development Bank Group (AfDB) |

African countries commit to double agricultural productivity as development banks and partners pledge over $17 billion to increase food security

Of the overall amount pledged, more than $10 billion came from The African Development Bank

A coalition of multilateral development banks and development partners has pledged over $17 billion in financing to address rising hunger on the African continent, and to improve food security. These funds were pledged on the final day of a two-day high-level dialogue called Feeding Africa: leadership to scale up successful…

International Fund for Agricultural Development (IFAD)
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    • Akinde Lorluuma, a rice farmer in Nigeria, is delighted by electronic payments via Mobile Banking at the point of purchase | ©IFAD/ Bernard Kalu
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Source: International Fund for Agricultural Development (IFAD) |

African countries commit to double agricultural productivity as development banks, institutions pledge US$17 billion to increase food security

IFAD said it aimed to provide an additional US$1.5 billion to Africa to support national efforts to transform food and agricultural systems over the next three years

A coalition of multilateral development banks and development partners has pledged over US$17 billion in financing on Friday during a high-level forum, in a bold bid to address rising hunger on the African continent and to improve food security. These funds were pledged on the final day of a two-day…

Merck Foundation
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    • The President of the Republic of Zambia, H.E. Dr. EDGAR CHAGWA LUNGU and Prof. Dr. Frank Stangenberg-Haverkamp Chairman of both of Executive Board of E.Merck KG and Merck Foundation Board of Trustees during the 8th edition of Merck Africa Asia Luminary 2021
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Source: Merck Foundation |

Zambia President and Prof. Dr. Frank Stangenberg-Haverkamp inaugurate the 8th edition of Merck Foundation Conference 2021

More than 75,000 participants, healthcare providers, policymakers, and academia from 70 countries attended the Luminary

Merck Foundation (www.Merck-Foundation.com) annual conference was inaugurated by the President of the Republic of Zambia, H.E. Dr. EDGAR CHAGWA LUNGU and Prof. Dr. Frank Stangenberg-Haverkamp Chairman of both of Executive Board of E.Merck KG and Merck Foundation Board of Trustees; The 8th Edition of “Merck Foundation Africa Asia Luminary” was…

Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund provides $31.2 million to boost nutrition and end child stunting

The Multi-sectoral Approach for Stunting Reduction Project (MASReP) will target forty districts or woredas in the country’s Amhara and Tigray regions

The Board of Directors of the African Development Fund has approved a grant of $31.2 million to the Government of Ethiopia to increase access to multi-sectoral nutritional services for children under-five years, by boosting access to services for improved health, a more diverse and nutritious food, and improving knowledge, attitude…

Source: African Development Bank Group (AfDB) |

African Development Bank, IFAD and partners redouble efforts to stop hunger in Africa and strengthen food security

The number of people living with hunger across the African continent increased from 214 million to 246 million between 2015 and 2020

The African Development Bank (www.AfDB.org) and the International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, today pledged to work closely with African leaders to address rising hunger on the continent and shore up adequate financing to…

Source: African Development Bank Group (AfDB) |

Côte d'Ivoire: Vulnerable households and small businesses find relief from government program to ease Covid-19 headaches

The program’s main objectives were to extend cash transfers to more than 117,000 newly vulnerable households at a cost of 75,000 CFA francs each

For Hortense Koné, the manager of a small restaurant in Abobo Belleville, north of Côte d'Ivoire’s economic capital Abidjan, paying her water and electricity bills became a headache last year when Covid-19 lockdown restrictions hit her business. But a decision by the Ivorian government to cover water and electricity bills…