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"High Five Priorities for Africa " 3rd Aug 2017

News Highlights
African Development Bank to finance Ghana-Ivory Coast cocoa plan The African Development Bank is willing to provide $1.2 billion to finance plans by Ivory Coast and Ghana to process more of their cocoa under a joint initiative to guarantee stable revenues from the commodity, the continental lender said on Wednesday. Part of the loan will finance the construction of modern storage facilities, farm rehabilitation and disease control, including payment of compensations to owners of cocoa trees ravaged by swollen-shoot viral disease, AfDB President Akinwumi Adesina said in Accra.
AfDB's Nafissatou Ndiour-Bella on the role of HR in transforming the bank Like many multilaterals and development agencies, AfDB still faces challenges in achieving gender balance in its workforce. “We still all struggle in this area”’ says Ndiour-Bella, and not just in achieving a gender balance overall within the organization but at all levels and functional areas. AfDB has been using an approach where candidates are shortlisted in gender-specific lists: the top two men and the top two women from the shortlists are invited for interviews and this has been working quite well
Duty calls in underdeveloped Sikongo The local authority is implementing a water supply and sanitation project funded by the African Development Bank (AfDB) and rehabilitating boreholes at schools and health centres.
Parliament approves $48.85 million loan to clean, provide water in Accra Ghana's Parliament approved a $48.85 million agreement between the government and the African Development Fund to finance the Greater Accra Sustainable Sanitation and Livelihood Improvement Project, to support efforts to increase access to adequate, safe and affordable water, improved environmental sanitation and hygiene education. The project was part of the intervention by the government to expand and build on the success of the previous African Development Bank-funded Accra Sewerage Improvement Project and the ongoing Greater Accra Metropolitan Area Sanitation and Water Project.
Ghana Targets 5 Million Passengers Yearly With AfDB-Funded International Airport Expansion Project The construction of a new terminal at Ghana's flagship airport - Kotoka International Airport - is expected to make the country a destination of choice with a yearly target of 5 million passengers. The project, funded by the African Development Bank (AfDB) with a $120-million facility, will improve air transport in the country. It is also expected to contribute towards boosting the country's economy, reduce the cost of doing business, and improve competitiveness. "This terminal is being built for a successful economic future. Its large capacity is a confident statement of intent," said AfDB President, Akinwumi Adesina during a tour of the project in Accra on August 3. "President Akufo-Addo told me that Ghana is back on the African map as a political and economic force, and I think that an airport terminal facility next year that can handle 5 million passengers per year will be proof positive of that."
Light up and Power Africa
Cleaning Ghana’s power sector : AfDB pledges support
President of the African Development Bank, Mr. Akinwumi Adesina has pledged of his outfit’s commitment to provide government with significant support to clear its energy sector debt. He argues that the perennial challenges that have confronted the country’s power sector require robust measures to address them permanently. “There is no way that Africa can develop without power. An economy without power really cannot go far,” he said. He adds that the bank is willing to help improve liquidity profile of the energy companies facing severe damage issues in Ghana.
AfDB President Adesina visits Ghana to strengthen cooperation
AfDB’s portfolio in Ghana as at June 2017 is composed of 22 operations with an overall commitment of UA 683.34 million (about $950,319,370). The Bank is finalising a new Country Strategy Paper for Ghana for the period 2017-2021. The Strategy will support Ghana’s efforts to transform the economy through three of AfDB’s High 5s (Light up and power Africa, Industrialise Africa and Feed Africa)
Feed Africa
African Development Bank to finance Ghana-Ivory Coast cocoa plan
The African Development Bank is willing to provide $1.2 billion to finance plans by Ivory Coast and Ghana to process more of their cocoa under a joint initiative to guarantee stable revenues from the commodity, the continental lender said on Wednesday. Part of the loan will finance the construction of modern storage facilities, farm rehabilitation and disease control, including payment of compensations to owners of cocoa trees ravaged by swollen-shoot viral disease, AfDB President Akinwumi Adesina said in Accra.
AfDB poised to transform rural economies of African countries
Akinwume Adesina said "we must make sure that agriculture, which is the people's basic source of livelihood is not a way of life. I don't believe agriculture is a way of life at all. It is a development activity and where Avfrica's wealth will come from if we do it the right way. Agro industrialization has to play a very big role in what we do going forward"
AfDB to finance Ghana-Cote d’Ivoire cocoa plan
The African Development Bank is willing to provide 1.2 billion dollars to finance plans by Cote d’ Ivoire and Ghana to process more of their cocoa. The plan will be under a joint initiative to guarantee stable revenues from the commodity, the continental lender said. Part of the loan will finance the construction of modern storage facilities, farm rehabilitation and disease control. It will also include payment of compensations to owners of cocoa trees ravaged by swollen-shoot viral disease, AfDB President Akinwumi Adesina, said
Ghana gets $950M from ADB
“Agriculture is one of the high five priorities of the bank…we are going to be investing in the agricultural sector in Africa with $24 billion over the next 10 years and obviously, Ghana will play a very important role in that,” Akinwume Adesina stated adding “we are going to be supporting agriculture a lot especially in the Northern sector of the country.” He said that the Northern Rural Agricultural Development Project has covered about 3900 hectares and supporting beyond 250,000 households, and bemoaned the determination of cocoa prices by international bodies
Let’s make agriculture a business, not a way of life - Adesina
“Consistent with its ‘Feed Africa’ strategy, the African Development Bank will support Ghanaian government efforts to improve the underperforming value chains which fail to add enough value to agricultural produce; to repair and rebuild inadequate infrastructure; to improve access to agricultural financing; and to reduce volatility in the international price of cocoa,” Adesina said. The Bank will also contribute to the stabilization of the energy sector.
MoFA develops database to identify different areas of production
The Ministry of Food and Agriculture, in collaboration with its development partners, is developing a database for the agriculture sector in Ghana to help identify the different areas of production the farmers are engaged in. The database also seeks to address the relationships between the climate, soil type and farm management systems, including irrigation. The partners in the project are the African Development Bank (AfDB) and the Food and Agriculture Organisation (FAO) of the United Nations.
Industrialize Africa
Elevating Africa’s bankable projects
While there has been a lot of debate related to the lack of political will in the past, African countries have more recently shown a new resolve by undertaking bold reforms and also reaching consensus on major African Union (AU) continental initiatives such as the Programme for Infrastructure Development in Africa (PIDA), the Continental Free Trade Area (CFTA) and the AfDB’s High 5’s. For instance, major investments in power generation and transmission lines currently going on in Africa will achieve a greater economic impact if they are accompanied by policies to create a vibrant continental energy market whose elements are already in place through the regional power pools.
Ghana Targets 5 Million Passengers Yearly With AfDB-Funded International Airport Expansion Project
The construction of a new terminal at Ghana's flagship airport - Kotoka International Airport - is expected to make the country a destination of choice with a yearly target of 5 million passengers. The project, funded by the African Development Bank (AfDB) with a $120-million facility, will improve air transport in the country. It is also expected to contribute towards boosting the country's economy, reduce the cost of doing business, and improve competitiveness. "This terminal is being built for a successful economic future. Its large capacity is a confident statement of intent," said AfDB President, Akinwumi Adesina during a tour of the project in Accra on August 3. "President Akufo-Addo told me that Ghana is back on the African map as a political and economic force, and I think that an airport terminal facility next year that can handle 5 million passengers per year will be proof positive of that."
Integrate Africa
Ghana: AfDB Focuses On Fashion Industry
'Textile and clothing is the second largest sector in the developing world after agriculture. This sector is dominated by SMEs and holds the potential to create jobs for millions of women and youth across Africa,' Emanuela Gregorio, gender specialist at AfDB, said at the conference. 'The foundation of any long-lasting venture in Africa depends on the continuous empowerment of regional SMEs and young entrepreneurs. Governments, the private sector and international investors must consider Africa's young people and SMEs central to the stability of their economies.'
AfDB's Nafissatou Ndiour-Bella on the role of HR in transforming the bank
Like many multilaterals and development agencies, AfDB still faces challenges in achieving gender balance in its workforce. “We still all struggle in this area”’ says Ndiour-Bella, and not just in achieving a gender balance overall within the organization but at all levels and functional areas. AfDB has been using an approach where candidates are shortlisted in gender-specific lists: the top two men and the top two women from the shortlists are invited for interviews and this has been working quite well
AfDB wants strong fashion industry for Africa
The African Development Bank (AfDB) has called for empowerment of small and medium operators in the textiles, apparel and accessories sectors as a job creation strategy at the recently held Small Business Indaba in Gauteng, South Africa which aimed at providing small, medium and micro-enterprises (SMMEs) tools and network to grow manufacturing operations. “Textile and clothing is the second largest sector in the developing world after agriculture. This sector is dominated by SMEs and holds the potential to create jobs for millions of women and youth across Africa,” Emanuela Gregorio, gender specialist at AfDB, said at the conference.
AfDB focuses on fashion industry in Africa
The African Development Bank (AfDB) is focusing on creating jobs for millions of women and youth in Africa. The AfDB has called for the empowerment of small and medium operators in the textiles, apparel and accessories sectors as a deliberate job creation strategy. Recently, at the Small Business Indaba in Gauteng, South Africa, the AfDB main objective of the Small Business Indaba was to provide small, medium and micro- enterprises (SMMEs) with the tools and network to grow their manufacturing operations to the next level of innovation and job creation. “Textile and clothing is the second largest sector in the developing world after agriculture. This sector is dominated by SMEs and holds the potential to create jobs for millions of women and youth across Africa,” Emanuela Gregorio, Gender Specialist at AfDB, said at the conference.
Fashionomics: AfDB’s New Initiative for Women and Youth
The African Development Bank (AfDB) has called for the empowerment of small and medium operators in the textiles, apparel and accessories sectors as a deliberate job creation strategy. “Textile and clothing is the second largest sector in the developing world after agriculture. This sector is dominated by SMEs and holds the potential to create jobs for millions of women and youth across Africa,” Emanuela Gregorio, Gender Specialist at AfDB, said at the conference.
Improve the Quality of Life for Africa
ZNBS to declare K1m dividend
Zambia National Building Society, which plans to borrow US$50 million from the African Development Bank, is expected to declare K1 million as dividend to Government this year. ZNBS chairperson David Nama said the institution is trying to access cheaper long-term funding from the AfDB that will enable it provide affordable mortgages, and that AfDB is ready to provide the ZNBS with US$50 million provided Government guarantees the loan
Parliament approves $48.85 million loan to clean, provide water in Accra
Ghana's Parliament approved a $48.85 million agreement between the government and the African Development Fund to finance the Greater Accra Sustainable Sanitation and Livelihood Improvement Project, to support efforts to increase access to adequate, safe and affordable water, improved environmental sanitation and hygiene education. The project was part of the intervention by the government to expand and build on the success of the previous African Development Bank-funded Accra Sewerage Improvement Project and the ongoing Greater Accra Metropolitan Area Sanitation and Water Project.
It is easier for North Americans and Europeans to travel in Africa than Africans
The African Development Bank (AFBD) released its inaugural Africa visa openness report that confirmed it was easier for North Americans and Europeans to travel in Africa than it was for Africans. The recent creation of a platform by the African Development Bank that allows Africans to check visa requirements by citizenship is a major asset in increasing access to information. The portal helps one to know at a glance whether or not one needs a visa for a certain country. The 2017 visa openness index report on openness, that is just how hard it can be sometimes to obtain a visa to another African country.
AfDB Signs U.S.$ 78 Million Grant Agreements With Governments of Somalia and South Sudan
The African Development Bank has signed tripartite grant agreements of US$ 34.8 million and US$ 43.8 million with the Republic of Somalia and the Republic of South Sudan respectively and the Intergovernmental Authority on Development under the Bank's 'Say No To Famine - Short Term Regional Emergency Response Project - STRERP'. IGAD will oversee the implementation of the project through an agency in each of the countries. The agencies will work with the governments to put in place structures enabling them take on increasing responsibility for disaster management and delivery of humanitarian assistance
Duty calls in underdeveloped Sikongo
The local authority is implementing a water supply and sanitation project funded by the African Development Bank (AfDB) and rehabilitating boreholes at schools and health centres.