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Feed Africa - High Five Priorities for Africa - 28th Aug 2017

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$35 billion food importation into Africa

Hope for the future of investment in African agriculture was raised by the incumbent President of African Development Bank, Dr. Akinwumi Adesina who committed that, within the next ten years, AfDB would invest USD24 billion in agriculture business across Africa. If properly invested and managed, that sum should bring some improvement to the continent's agricultural value chain which in turn, will aid reduction in food imports
21st Aug 2017 - The Guardian Nigeria

‘Our mission is to make agriculture attractive’

Kabir Ibrahim is the Managing Director of the Bank of Agriculture. In this interview, he shares the vision of the bank and ongoing plans to recapitalize it and the newly created credit facilities designed to support rural farmers and youths interested in agribusiness. He points out to his collaboration with the African Development Bank, International Fund for Agricultural Development, Islamic Development Bank, Rabo Bank among others
20th Aug 2017 - The Nation Online

Nigeria will exit recession through agriculture – Osinbajo

Speaking at the inauguration of the multi-billion naira Agro Green House Farm constructed by the Governor Darius Ishaku administration, vice president Obasanjo stated that agriculture has the potential to permanently take Nigeria out of economic recession. He also inaugurated the water project executed by the African Development Bank in partnership with Taraba State Government
25th Aug 2017 - Today Nigeria

DRC: AU launches pilot project to address agriculture-related land governances issues

The Land Policy Initiative, in partnership with the International Fund for Agricultural Development and the European Union, have launched in the Democratic Republic of Congo a pilot project to mainstream land governance challenges in agriculture. LPI is a joint tripartite consortium comprised of the Africa Union Commission, African Development Bank and the United Nations Economic Commission for Africa
24th Aug 2017 - Ecofin Agency

Government bans fish importation

The government of Zambia has said that despite the fish deficit in the country, it will not allow importation of fish species that are found in Zambia. Fisheries and Livestock Minister Michael Katambo said measures had been put in place to ensure that the country ventured into fish production on a large scale, and that the government was targeting 12,000 youths and women to venture in fish farming following the US$50 million from the African Development Bank that was secured a few months ago
24th Aug 2017 - Times of Zambia

Tanzania: Bank Allocates Fund to Irrigation Projects

Tanzania Agricultural Development Bank pledged to allocate fund to support irrigation farming to facilitate attainment of sustainable food self-sufficiency. Mr Assenga said that his bank would use the recently received 209 billion from African Development Bank to support the government's efforts in promoting and supporting the transformation of agriculture
22nd Aug 2017 - allafrica.com


Feed Africa - High Five Priorities for Africa - 3rd Aug 2017

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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.
2nd Aug 2017 - Nasdaq

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"
3rd Aug 2017 - The Herald Zimbabwe

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
3rd Aug 2017 - PM News Nigeria

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
2nd Aug 2017 - Ghana Web

Ghana gets $950m from AFDB


2nd Aug 2017 - Star FM

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.
2nd Aug 2017 - Graphic Online

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.
3rd Aug 2017 - Graphic Online