Keynote Speech Delivered by Dr. Akinwumi Adesina, President, African Development Bank, at the Inauguration of Canada’s Financial Development Institution (FINDEV Canada), Montreal, Canada, September 17, 2018 18/09/2018 Share| Your Excellencies, distinguished ladies and gentlemen. Good afternoon!
It is such a great pleasure to be here for this landmark occasion. Let me first congratulate Prime Minister Justin Trudeau; Minister of International Development, Marie Claude Bibeau; and Mr. Paul Lamontagne, on the inauguration of FinDev Canada today.
The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank’s strategies to create jobs and raise household incomes.
The loan, approved by the Bank’s Board on Wednesday, will support the modernization of beef, pork and fish production, with significant improvements to food and nutrition in the country.
Kenya has one of the most dynamic and innovative economies in sub-Saharan Africa. A decade after going through a food crisis and in the aftermath of the drought in 2016-2017, the country aims to achieve self-sufficiency in food products such as maize, tomato, cabbage, rice, beans, milk and meat. This clearly stated ambition of the Kenyan government has received support from the African Development Bank, which sees food security as a catalyst for the growth and development of the country’s productive sectors.
Africa should be the breadbasket of the world, has no reason spending US$ 35 billion a year importing food, Adesina tells Agriculture conference in U.S.
The President of the African Development Bank Group, Akinwumi Adesina, has made an urgent call to give farmers across the continent new technologies with the potential to transform agricultural production. Adesina said the technology transfer was needed immediately and that evidence from countries like Nigeria demonstrated that technology plus strong government backing was already yielding positive results.
Mozambique remains one of the countries most impacted by climate change in Africa, having faced a number of climate shocks and disasters over the past years that have hampered economic development. Temperature rises, scarce rainfall and droughts, floods and cyclones, have had significant impacts on key sectors such as agriculture, fisheries, and tourism, among others.
A water irrigation and supply system funded by the African Development Bank has transformed the lives of rural farming communities in Cabo Verde’s Santiago Island, sparing farmers grueling treks of up to 20 kilometres to fetch water for farming and daily use.
Santiago Island, Cabo Verde’s largest and most important agricultural centre, depends on water for its survival, but for years had been beset by endemic water shortages. Traditionally women, who make up a significant percentage of farmers, were hardest hit by the shortfall in supply.
Avancer dans la mise en œuvre de modalités d’intervention innovantes et flexibles
Accélérer les résultats de développement dans les pays du G5 Sahel
“Prevention is better than cure”. This wise advice makes even more sense when you read a study entitled Pathways for Peace. Inclusive Approaches to Preventing Violent Conflict, presented on Monday 18 June at the African Development Bank Headquarters in Abidjan.
In an effort to boost agri-business and enhance food security in Africa, the African Development Bank Board has approved a US$15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa
An increase of nearly 30 per cent on the previous year, boosting projects that help developing countries cut emissions and address climate risks.
WASHINGTON, June 13, 2018 – Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28 per cent on the previous year.
On 15 May 2018, more than 60 participants attended a focus event on the Africa Disaster Risk Financing (ADRF) Initiative, which took place in the margins of the 14-18 May Understanding Risk Forum in Mexico City. Among the participants were 40 delegates from 14 Sub-Saharan African governments (Cabo Verde, Ethiopia, Ghana, Kenya, Lesotho, Madagascar, Malawi, Mozambique, Nigeria, Seychelles, Sierra Leone, Swaziland, Tanzania, and Uganda).
To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan.
Mohamed Zaghloul, Executive Director representing Egypt and Djibouti, said, “The Bank’s support to the development of key agricultural value chains and market access is timely and will go a long way in helping Sudan in its efforts to revive its agriculture sector.”
The African Development Bank Director General for East Africa, Gabriel Negatu, and Sudan’s State Minister of Finance and Economic Planning, Magdi Yassin, presided over the signing ceremony of a grant agreement (Rural Livelihoods’ Adaptation to Climate Change in the Horn of Africa II) of about US $7 million on May 23, 2018 during the African Development Bank Annual Meetings in Busan, Korea.
The Central African Minister of Economy, Planning and International Cooperation, Félix Moloua, and the Director General for Central Africa Regional Development and Business Delivery Office of the African Development Bank, Ousmane Doré, signed three grant agreements in Busan, Korea, of FCFA 22,107 billion to finance the fiber-optic backbone project for Central Africa – CAF component.
Two loan agreements totaling €44.51 million were signed on Thursday, May 24 in Busan, Korea, by Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development, and Ousmane Doré, Director General for the African Development Bank Central Africa Regional Development and Business Delivery Office.
The African Development Bank’s Director General for the East African Region, Gabriel Negatu, and Sudan’s State Minister of Finance and Economic Planning, Magdi Yassin, presided over the signing ceremony of a US $1-million grant agreement to facilitate Sudan’s access to debt relief and to reintegrate it into the global economy.
Ministers of Finance, Agriculture and Governors of Central Banks from African countries have called for further innovative financing mechanisms to deal with the impact of climate change, which has led to economic losses from cycles, conflict, insecurity and cross-border political instability in the Sahel region.
“We talk about integrating Africa. We cannot integrate countries that are fragile, we can only integrate countries that are secured.”– Akinwumi Adesina, President, African Development Bank
Busan, Korea, May 23, 2018 – The President of African Development Bank, Akinwumi A. Adesina, and the Bank’s Board of Governors held a high-level session on “Climate and Disaster Risk Financing” focusing on the Role of the African Risk Capacity (ARC) and the Africa Disaster Risk Financing Program (ADRiFi) on Wednesday in Busan, Korea.
“For every drop of water you waste, you must know that somewhere on earth, someone is desperately looking for a drop of water!” Novelist and thinker Mehmet Murat Ildan’s warning could be referring to the likes of 39-year-old Mercy Chimusoro of Zengeza 3 Extension D, Chitungwiza and her family.
Chimusoro and her family only experienced reliable water supply in the first two years after they moved to their new home in 2001. The next 14 years were marked by serious water shortages; Sometimes the taps remained completely dry for an entire month.
In 2015, the international community committed to the Sustainable Development Goals, including Goal 4, which is to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all. That same year, in Addis Ababa, multilateral development banks committed to work together to assist countries to generate the needed financial resources. In this context, we welcome the proposal for the International Finance Facility for Education. Urgent and unparalleled action is needed to create a learning generation.