The 2021 African Development Bank Group Annual Meetings, held virtually starting on Wednesday, opened with discussions on African debt management.
The pandemic has created huge financing needs for governments, widened budget deficits and driven governments into debt. On Wednesday, the African Development Bank hosted panel discussions on the issue. One knowledge event was titled "From Debt Resolution to Growth: The Way Forward for Africa".
Standard Bank Group was on Wednesday named African Bank of the Year by a leading publication in recognition of the banking giant’s achievements in fighting the Covid-19 pandemic and empowering women.
African Banker magazine announced the winners of its 2021 Awards at a virtual ceremony held on the side-lines of the African Development Bank’s 2021 Annual Meetings. The African Development Bank is a high patron of the event.
Participants in the opening ceremony of the African Development Bank Group’s annual meetings on Wednesday issued forceful calls for action to secure access to Covid-19 vaccines and tackle mounting debt – two challenges that stand in the way of Africa’s recovery from the pandemic.
African Development Bank Group president Dr Akinwumi A. Adesina has again urged regional leaders to focus on vaccine production and access for the African continent as the Covid-19 epidemic continues to take lives and hurt economies and livelihoods.
Adesina addressed leaders of the Economic Community of West African States (ECOWAS) at a special summit held on Saturday, just days before the Bank Group’s 2021 Annual meetings, scheduled for 23-25 June.
The African Development Bank Group has provided a grant of $686,000 to the United Nations World Food Program (WFP) which will provide food relief to thousands of people in southern Madagascar.
The support comes at a critical time for Madagascar, which is suffering its worst drought in 40 years. More than 1.35 million people are highly food insecure and left with nothing to eat. This is double the figure at the same time last year and the crisis is mounting.
Mozambique has received a $1.6 million grant from the African Development Bank to purchase emergency health materials in response to the Covid-19 outbreak.
The grant, which forms part of a $9.7 million grant to support the Covid-19 emergency response and strengthen health systems in the Southern African Development Community (SADC) and in São Tomé and Príncipe, was approved by the African Development Bank Group’s Board of Directors last year.
Pre-Annual Meetings Press Conference
The African Development Bank Group
Monday, 7 June 2021, 11.00-12:00 GMT
In preparation for its 2021 Annual Meetings, the African Development Bank Group will hold a press conference on Monday, 7 June 2021, at 11.00 GMT.
A water point attendant in Zambia’s capital Lusaka has a new role beyond filling up containers for residents at the community tap. John Nyambe spreads the word about the novel coronavirus – its dangers, and what residents can do to protect themselves.
The role comes with a new title too – “coronavirus prevention ambassador.” Nyambe, 71, bears the title with pride. His message was especially vital in a city with a history of inadequate sanitation and disease outbreaks.
Looking over his hectares of rice in Saga, less than 10 minutes from central Niamey, Garba Soumana's face is radiant. A gust of wind from the Niger River drowns out his voice, but in no way diminishes his joy. "Thank you, Lord. God is great," he exclaims. "This is such an achievement, like a thorn taken out of your foot," he says, again and again, gazing over his vast green expanse.