Agriculture

  The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal Republic of Nigeria, to finance the first phase of the Economic Governance and Energy Transition Support Program (EGET-SP), a new program aimed at accelerating transformation of the country’s electricity …

The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive food importation risks destroying the country’s agriculture. This follows the announcement by Nigeria’s Minister for Agriculture Abubakar Kyari on July 10 that the Federal Government would suspend duties, tariffs, and …

InfraCredit is a specialized Nigerian credit guarantee company that mobilizes long-term capital from institutional investors to support infrastructure projects The African Development Bank and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit’s capital base and attract institutional investors’ …

The United Kingdom’s Foreign, Commonwealth and Development Office has announced nearly $10 million in additional funding to the African Development Bank’s program assisting African countries to strengthen resilience and enhance their response to climate shocks. The financial commitment of £7.4 million ($9.63 million) for the Multi-Donor Trust Fund of the …

The President of the African Development Bank, Akinwumi Adesina, called on African business leaders to take advantage of investment opportunities in Africa and decarbonize their industries more quicky during the COP28 global climate conference in Dubai. “Africa is a very reliable destination for investment,” since the continent has a “dominant …

By Hellen Onweremadu The African Development Bank and the International Organization for Migration (IOM) have produced a joint report examining the nexus between humanitarian, peace, development, and migration. The report, titled Diaspora Engagement, Climate-Induced Migration, and Skills Mobility: A Focus on Africa, was discussed in a special session in Abidjan …

The U.S. Department of Agriculture (USDA) today announced the names of individuals who will hold senior staff positions in Washington, D.C. Tate Mitchell has been appointed as Chief of Staff for the Office of Communications Tate Mitchell comes to USDA from the White House Office of the Vice President, where …

Recently, the U.S. Department of Agriculture is fulfilling one of its many commitments to counter antisemitism, Islamophobia, and related forms of discrimination and bias and better protect the civil rights of all Americans. As part of the Biden-Harris Administration’s U.S. National Strategy to Counter Antisemitism, eight agencies—the Departments of Agriculture, …

 Agriculture Secretary Tom Vilsack announced today that the Biden-Harris Administration through the U.S. Department of Agriculture is investing up to $2.8 billion in 70 selected projects under the first pool of the Partnerships for Climate-Smart Commodities funding opportunity, with projects from the second funding pool to be announced later this …

Africa Finance Corporation, the leading infrastructure solutions provider on the continent, today announced the successful signing of a US$300 million loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt, is poised …