Tag: African Development Bank

African Development Bank Group approves $50 million trust fund to end school-age hunger in Africa

Stuart Mitchell

The Board of Directors of the African Development Bank approved the establishment of a fund to help put an end to hunger and malnutrition amongst school age-children in Africa.  The End School-Age Hunger Fund (ESAH) was approved on 20 March with the aim of bolstering school meal programmes in targeted African countries by expanding existing initiatives and creating new ones so that more children in Africa have access to nutritious food while attending school while simultaneously boosing rural economies through agricultural productivity.   The implementation of the Fund, which will be…

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Green Climate Fund approves $151 million for African Development Bank’s climate resilience programme in the Horn of Africa

Stuart Mitchell

The Green Climate Fund has approved $151 million in financing for a major resilience programme supported by the African Development Bank to address climate vulnerability in the Horn of Africa. The approval was granted at the Fund’s 39th Board meeting and comprises a $90.7 million grant and a $60.3 million loan. The financing will support the Bank Group’s “Building Climate Resilience for Food and Livelihoods in the Horn of Africa programme,” benefitting 4.6 million people across Djibouti, Somalia, Kenya, Ethiopia and South Sudan. The Horn of Africa is most susceptible…

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