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New fund to accelerate agriculture in Africa launched

A new fund called the Agriculture Fast Track has been launched by the United States, Sweden and the African Development Bank to encourage accelerated private investment in sub-Saharan Africa’s agricultural infrastructure to connect small farmers with international markets.

A new initiative has been launched to avail African farmers direct access to improved maize, cassava and wheat.

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The Climate Investment Funds (CIF) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial intermediation for renewable energy and energy efficiency through local banks.

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The African Development Bank had invested $65 million (about N10.21 billion) in science and technology-related projects in Nigeria.

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The Resident Representative of African Development Bank (AfDB) in Nigeria, Dr Dore Ousmane, said the bank had established $11 million information technology based research centres to enhance science and technology education for students. He said the bank had supported science and technology education in Nigeria with $11 million to address the problem of skill building [...]

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The African Development Bank has launched a $300m programme to support pastoral production in the region.

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Africa must create different, more inclusive forms of wealth that benefit the continent and are more sustainable.

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The African Development Bank recently approved a $63.2 million grant for a five-year agriculture research and development project.

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