Category: Food

Inflation, Weaker Currencies and Climate Change Top List of Concerns for African Economies, According to New Survey

45% of surveyed CEOs are worried by financial risks,of these, more than 60% are concerned about currency depreciation. The need to adapt to climate change was the second most pressing issue. New survey takes the temperature of business across Africa. Financial risks, including currency depreciation and inflation, is topping the list of challenges facing the 54 African economies in the year ahead. That’s according to a new survey of the continent’s leading insurance professionals, conducted by the pan-African reinsurer, Continental Reinsurance. […]

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Extreme E progresses legacy projects in Senegal

A year on from the Ocean X Prix in Season 1, Extreme E returned to Lac Rose, Senegal, as part of its continued commitment to fighting climate change and supporting communities in the area. The vast expanse of the Atlantic was a scenic backdrop for the second event on the Extreme E calendar last year, but a closer look revealed the challenges the environment and its locals face as a result of climate change and plastic pollution. For its Senegal […]

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Rethinking the Foundations of Export Diversification in Africa

Soaring food and energy prices are hitting African countries especially hard as they struggle with the impact of the COVID-19 pandemic, climate change and the war in Ukraine. To cope with current crises and insulate itself against future shocks, Africa must diversify its economies. The continent of 1.4 billion people is among the least diversified regions in the world with regard to exports. Download the full report Download the executive summary Commodities account for more than 60% of total merchandise […]

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The World’s 50 Best Restaurants 2022 announces Wawira Njiru as winner of the icon award

In the latest pre-ceremony announcement from The World’s 50 Best Restaurants 2022, it is revealed today that the recipient of the Icon Award 2022 is Kenyan nutritionist Wawira Njiru, founder and director of non-profit Food for Education. The Icon Award celebrates an individual who has made an outstanding contribution to the food world worthy of international recognition and who has used their platform to raise awareness and drive positive change. With an estimated 80% of children in Kenya not receiving […]

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African Development Bank’s African Leaders for Nutrition lauded by African Union during Assembly declaration of 2022 as “African Union Year of Nutrition”

The African Leaders for Nutrition initiative, housed at the African Development Bank, has been honored by the African Union for progress made toward advancing investments in nutrition across the continent. At the conclusion of the 35th Ordinary Session of the African Union Assembly on Sunday, an African Union summary decision commended “the African Leaders for Nutrition initiative in sustaining nutrition advocacy in the effort to ensure member states commit adequate financial resources to nutrition interventions.” The African Leaders for Nutrition […]

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Speech by Dr. Akinwumi A. Adesina President, African Development Bank Group at the Twenty-Fifth Ordinary Session of the Assembly of the African Union Addis Ababa, 5-6 February 2022

Mobilizing Financing for Africa’s Accelerated Economic Recovery, Development and Integration Your Excellency Macky Sall, President of the Republic of Senegal and Chairperson of the African Union Your Excellency Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia, Our Gracious Host Your Excellencies Heads of State and Government Your Excellency Moussa Faki Mahamat, Chairperson of the Africa Union Commission Your Excellency Amina Mohammed, Deputy Secretary General of the United Nations, Representing the Secretary General of the United Nations Your […]

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African Development Bank President promoting continent’s recovery at 35th Ordinary Session of the African Union Assembly

African Development Bank Group president, Dr. Akinwumi A. Adesina, is leading his institution’s delegation to the African Union’s Executive Council and Assembly meetings taking place in Addis Ababa this week. Adesina and his team will use the summit as an opportunity to promote key issues on the African Development Bank Group’s agenda. This includes mobilizing financing for Africa’s accelerated economic recovery from the Covid-19 pandemic, and the all-important topic of nutrition, which is a key component of the African Development […]

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African Development Bank Board approves new Water Strategy for 2021-2025

The five-year Strategy aims to increase water security and foster sustainable, green and inclusive growth and development in Africa The Board of Directors of the African Development Bank has approved a new Water Strategy for 2021-2025: “Towards a Water-Secure Africa.” The five-year strategy, approved on 17 November 2021, aims to increase water security in Africa, and to foster its sustainable, green and inclusive socio-economic growth and development. “This is a significant milestone for the Bank in terms of seeing water […]

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