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NIGERIA – The federal government of Nigeria has obtained a US$163 million loan from the African Development Bank to boost wheat production, World Grains has reported. Nigerian Vice President Kashim Shettima said this in Kebbi State when he paid a condolence visit to the Emirate and family of late Sheikh Abubakar Giro while re-affirming the determination of the Tinubu administration to…
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ETHIOPIA – The African Development Bank Group (AfDB) has awarded grant funding worth US$84.3M for the implementation of Ethiopia’s Climate Resilient Wheat Value Chain Development Project (CREW) aimed to advance wheat production and increase farmers’ incomes. The grant agreement was signed by Ahmed Shide, Ethiopia’s Finance Minister, and AfDB Deputy Director General for East Africa, Abdul Kamara. The funding follows the…
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TUNISIA – The African Development Bank (AfDB) and Tunisia have signed a loan agreement worth US$87.1 million (TND 267.56 million) to finance the Inclusive and Sustainable Development Support Programme for the Grain Sector (PADIFIC) aimed at increasing the country’s strategic grain storage capacity. Economy and Planning Minister Samir Saied and AfDB Deputy Director General for North Africa Region Malinne Blomberg…
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AFRICA – The African Development Bank (AfDB) is on track to mobilize 10 billion USD over the next 5 years to increase food production and eradicate hunger in Africa. The AfDB made this announcement in January during the second edition of the African Summit on Food Sovereignty held in Dakar, Senegal. According to Akinwumi Adesina, AfDB president, even though Africa…
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AFRICA-The African Development Bank Group (AfDB) and the Canadian government have announced a special fund to support Africa’s small and medium-sized enterprises (SMEs) in the agriculture sector during the Dakar 2 African Food Summit. According to a statement from AfDB, Canada is contributing CAD 100 million (US$73.5M) to the fund known as “The Agri-food SME Catalytic Financing Mechanism” which will…
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AFRICA – The African Development Bank (AfDB) under its African Emergency Food Production Facility is committing US$90.91 million to support wheat and rice production initiatives in Sudan and Sierra Leone respectively. The African Emergency Food Facility, a segment of the AFDB was launched in May 2022 to help African countries avert the ongoing food crisis due to the disruption of…
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