African Development Bank approves $53 million COVID-19 response grant for Gambia, Liberia, and Sierra Leone

“The African Development Bank’s Board of Directors on Friday approved a UA 38.15 million ($53.25 million) multi-country grant to The Gambia, Liberia and Sierra Leone in the form of direct budget support to bolster efforts to fight the COVID-19 pandemic in the three West African countries.”

via AfDB

Djibouti: African Development Fund commits $41.16 million in grants to shore up COVID-19 response

“The African Development Bank on Friday approved grants worth about $41.16 million to Djibouti to bolster the national budget in support of government efforts to mitigate national and regional impacts of the COVID-19 pandemic.”

via AfDB

Somalia: African Development Bank grants of $25 million will bolster budget for COVID-19 responses

“The African Development Bank today approved grants worth $25.1 million to Somalia to bolster the national budget for government efforts to mitigate national and regional impacts of the COVID-19 pandemic.”

via AfDB

Rwanda: African Development Bank commits $98 million for multisector COVID-19 response

“The African Development Bank on Thursday approved a concessional loan of $97.675 million to Rwanda to strengthen its national budget as it works to mitigate impacts of the COVID-19 pandemic.”

via AfDB

African Development Bank Group supports Ghana’s COVID-19 response plan with $69 million grant

“The Board of Directors of the African Development Fund on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the nation.”

via AfDB

Financial, development and humanitarian arms provide $20 million to curb the impact of COVID-19 on refugees and their hosts in the Sahel

“Public health, the wellbeing of refugees and the host communities in the Sahel are at the heart of the latest tripartite agreement between the African Development Bank, UNHCR, the UN Refugee Agency and the G5 Sahel signed today. The agreement enables a critical $20 million COVID-19 response across the five countries of the Sahel region.”

via AfDB

African Development Fund approves UA100.4 million multi-country COVID-19 Response Support for Malawi, Madagascar, Mozambique and Sao Tome

“The Board of Directors of the African Development Fund on Wednesday approved a UA100.4 million (about $138 million) crisis budget support package to four southern African countries – Malawi, Madagascar, Mozambique and São Tomé & Príncipe, in the wake of the COVID-19 pandemic.”

via AfDB

COVID-19: African Development Bank mobilizes $22 million for low-income ECOWAS countries

“The Bank is making $22.4 million available for the project, approved by the Board on May 22. Part of the funding, $9.55 million, will provide screening tests, laboratory equipment, ventilators and personal protective equipment for medical personnel in the three countries. The remaining $12.83 million will be used to strengthen and integrate the health systems of Gambia, Mali and Niger to better address the pandemic.”

via AfDB

COVID-19 pandemic bolsters case for technology-based economic resilience

“There are a number of specific use cases where digital technologies help create an enabling environment for human resilience during these difficult times… Physical money currently acts as a vector for the virus’ spread whereas technology makes payments possible and safe. Governments and start-ups across Africa are implementing measures to shift payment transactions toward mobile money and away from cash, as recommended by the WHO.”

via AfDB

The African Development Bank and its partners want your ideas for beating the COVID-19 pandemic

“The African Development Bank and partners are set to host an online #AfricaVsVirus Challenge from 16 to 19 April 2020. The 72-hour competition is a global hackathon – or “ideathon” – to develop effective solutions to the coronavirus pandemic. The Challenge is open to entrepreneurs, companies, civil society organizations and governments with bankable solutions or ventures to address the pandemic.”

via AfDB