FAO and Arab Bank for Economic Development in Africa sign MoU to advance African agriculture

AFRICA – The United Nations Food and Agricultural Organization (FAO) and the Arab Bank for Economic Development in Africa (BADEA) have signed a memorandum of understanding for future collaboration to promote agricultural infrastructure development and skills training for women and youth. The agreement would also advance climate-smart agriculture in Africa. FAO Director-General Dr. Qu Dongyu and BADEA Director-General Sidi Ould Tah signed the agreement on 29 April in a virtual ceremony during a high-level dialogue organized by the African Development Bank and the International Fund for Agricultural Development, in partnership…

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British fund CDC, European Investement Bank target stake in Shelter Afrique

KENYA – British investment fund CDC Group is among four global development finance lenders gunning for membership in pan-African housing financier Shelter Afrique. Shelter Afrique, which is eyeing a turnaround in its fortunes, has been eyeing new shareholders as it seeks to diversify its recently shrunk capital base and improve its balance sheet. Shelter Afrique is jointly owned by 44 African governments including Kenya, the African Development Bank and African Re-Insurance Corporation. The firm contends that increasing its shareholding base is critical to mobilising wider resources as it keeps an…

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