Ethiopia gets credit facility from World Bank to boost livestock and fisheries

Ethiopia obtained a loan worth US$170 million from the World Bank to increase farmer productivity and income. According to a World Bank media release the Livestock and Fisheries Sector Development project will aid 1.2 million farm households that depend on livestock and fisheries to earn more income. The credit facility…

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World Bank takes stand on fossil fuels and climate change

The World Bank will no longer finance upstream oil and gas projects after 2019, it announced at the One Planet Climate Summit in Paris this week. World Bank President Jim Yong Kim said the decision came as the lender aligned its goals to meet those of the COP21 Paris Climate…

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AfDB chief woos young, African farmers

African Development Bank (AfDB) President Akinwumi Adesina has pledged US$250 000 to a fund which supports young African farmers. Dr Adesina, who this month was awarded the 2017 World Food Prize Laureate, said engaging young Africans in agriculture is the solution to the continent’s high unemployment rate. “By empowering the…

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World Bank rewards Zambian farmers for reducing greenhouse emissions

For the first time ever, smallholder farmers in Zambia have been awarded carbon credits worth US$500 000 by the World Bank for their efforts in reducing greenhouse emissions. “This shows that climate change mitigation and socio-economic development can be simultaneously achieved through active participation of local communities,” said Ademola Braimoh,…

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