You are here

Tag: AfDB

AfDB, Canada launch fund to support Africa’s small and medium-sized agribusiness enterprises

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…

Read More

AfDB sets aside US$91m to support grain self-sufficiency initiatives in Sudan, Sierra Leone

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…

Read More