Browsing: AFDB

At the recently held Clean Cooking Summit in Paris in 2024, Dr. Akinwumi Adesina, President of the seven-decade-old African Development Bank (AfDB) Group, reiterated the pressing need for clean cooking solutions in Africa. Highlighting an alarming situation, Adesina referred to a statistic of 900 million African people who are bereft of clean cooking facilities, leading to a surge in premature deaths due to indoor pollution. 

The African Development Bank’s (AfDB) midterm review of its Country Strategy Paper (CSP) 2022-2026 for Madagascar marks substantial strides in supporting the nation’s agricultural and infrastructure development. The review confirms success in two key areas of focus: helping agricultural transformation aimed at restoring food security promoting employment and building infrastructure to facilitate inclusive growth.

The African Development Bank (AfDB) has marked a significant milestone in environmental and sustainable finance by unveiling its first-ever USD Global-Sustainable Hybrid Transaction. This unique transaction is comprised of $1 billion in sustainable bonds under both fixed-rate and floating-rate notes. This innovative initiative is particularly significant, being the inaugural 15-year-term transaction performed by any supranational AAA-rated issuer beyond green or social bonds in the Colony Capital markets.

In an ambitious bid to uplift Africa’s agricultural sector and bolster food security, the African Development Bank Group (AfDB) and the International Centre for Tropical Agriculture (CIAT) have unveiled a new joint initiative. The project, named ‘Technologies for African Agricultural Transformation (TAAT)’, aims to enhance agricultural productivity and reduce poverty, targeting the termination of hunger across Africa by 2025. The initiative is set in alignment with the United Nations’ Sustainable Development Goals (SDGs).