Africa Agribusiness

AfDB and development partners propel Somalia back from the brink

The Bank’s current portfolio in Somalia totals $298 million, covering operations in agriculture, water and sanitation, transport, social and energy, and multi-sectoral projects ABIDJAN, Ivory Coast, June 10, 2020/ — In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank, paving the […]

Africa Wellness

AfDB’s intervention to curb COVID-19 in Somalia’s vulnerable communities

African Development Bank-financed water supply and sanitation project came in handy as a critical control intervention ABIDJAN, Ivory Coast, June 10, 2020/ — With 2.6 million internally displaced persons in Somalia, the outbreak of COVID-19 poses an additional challenge in an already fragile situation, leaving the population highly vulnerable. Thankfully, the African Development Bank-financed water […]

Opinions

Less Globalization, More Multilateralism

Kemal Derviş Kemal Derviş, a former minister of economic affairs of Turkey and administrator for the United Nations Development Program, is a senior fellow at the Brookings Institution. WASHINGTON, DC – With the COVID-19 catastrophe having laid bare the vulnerabilities inherent in a hyper-connected, just-in-time global economy, a retreat from globalization increasingly seems inevitable. To […]

Africa Industry

$1.2 million for Ethiopia-Sudan railway study by the AfDB.

The two-year, comprehensive feasibility study will assess the proposed project’s technical, economic, environmental and social viability ABIDJAN, Ivory Coast, June 9, 2020/ — The African Development Bank’s Board of Directors has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study for construction of a standard-gauge railway (SGR) link between Ethiopia and […]

Opinions

Chinese Diplomats Behaving Badly

 Minxin Pei CLAREMONT, CALIFORNIA – Chinese diplomats have long had a reputation as well-trained, colorless, and cautious professionals who pursue their missions doggedly without attracting much unfavorable attention. But a new crop of younger diplomats are ditching established diplomatic norms in favor of aggressively promoting China’s self-serving COVID-19 narrative. It is called “wolf warrior” diplomacy […]

Africa Agribusiness

African Development Bank unveils food security strategy roadmap against impacts of COVID-19

A report released alongside the roadmap recommends immediate, short- and medium-term solutions for the agriculture sector ABIDJAN, Ivory Coast, June 8, 2020 – The African Development Bank has unveiled a strategic roadmap of projects and programmes to assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft […]

Opinions Opportunities

Envisioning a Blue Recovery

Erna Solberg is Prime Minister of Norway. Tommy Remengesau, Jr. is President of Palau. OSLO/NGERULMUD – From Jamaica to Palau and Norway to Indonesia, the impact of the COVID-19 crisis is global, and national recovery efforts must be globally focused to seize shared opportunities. Nowhere is this more evident than in the global domain that […]

Africa Markets

African Energy Chamber Calls for Extension and Compliance with Production Cuts Ahead of Next OPEC Meetings

Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought JOHANNESBURG, South Africa, June 5, 2020/ — As OPEC prepares to host the 179th Meeting of the OPEC Conference and 11th OPEC and non-OPEC Ministerial Meeting via videoconference next week, the African Energy Chamber is […]

Africa Industry

AfDB approves new five-year strategy for Nigeria amidst COVID-19 concerns

ABIDJAN, Ivory Coast, June 5, 2020 – The Board of Directors of the African Development Bank has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019 edition, and incorporates emerging developmental realities and opportunities shaping Nigeria’s political and economic landscape, including in the post-COVID-19 period. Ebrima Faal, […]