• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    African Development Bank and Google Signs Agreement on Digital Transformation
    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing
    Malawi’s Financial Market Dealers Association has advised the Reserve Bank of Malawi to latch Fissures in the Forex Market
    $5 Billion has been committed by the African Petroleum Producers Organization for the Establishment of the African Energy Bank
    $20 Million has been endorsed by the AfFB to enhance the business to strengthen investments for Climate-Smart Agriculture in Mozambique AfDB Divulged
    Nigeria’s Telecom Contribution to the Gross Domestic Product (GDP) Hits 16 per cent in the Second Quarter of 2023- report
    Philip Mpango Vice President of Tanzania called for a Global Partnership to address the existing Demographic Emergency
    Dr. Akinwumi Adesina President of the AfDB raised an eyebrow at the Improvement to Failing Global Financial Architecture
    N125 billion hoisted by MTN Nigeria through Commercial Paper Issuance by way to improve its Financing Alternatives

    $27 Million Expended by the African Development Bank to Strengthen Africa Union’s COVID-19 Response Initiative

    Posted On 28 Jul 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 14

    By Abdul Rahman Bangura–

    Photo Credit: African Development Bank

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– On the 24th July 2020, the African Development Bank endorsed $27.4 million in grants to improve the African Union’s (AU) undertakings to marshal continental retort to deter the Novel Coronavirus Virus (COVID-19) plague.

    The authorization reaches on consensus at a committee of the expansive Bureau of the African Union Conference of Heads of State and Government with Africa’s special sector on 22nd April 2020, presided by President Cyril Ramaphosa of South Africa, who is the recent chairperson of the AU. African Development Bank President – Akinwumi Adesina, who heeded the meeting swore robust backing for the AU COVID-19 initiative.

    In addition, the African Union Bureau conference yelled for contributions to the African Union’s COVID-19 Response Fund solidified by the AU Commission Chairperson, Mr.  Moussa Faki Mahamat, in March, 2020. Pronouncing after the Board authorization of this operation, Adesina stated: “With this financing package, we are reaffirming our strongng commitment to a coordinated African response strong of COVID-19. Most importantly, we are sending a strong signal that collectively, the continent can address the pandemic in Africa, which is straining health systems and causing unprecedented socio-economic impacts on the continent.”

    The majority of the Bank’s grant financing for this an operation, about $26.03 million, will help to bolster the institutional capacity of the Africa Centers for Disease Control and Prevention (Africa CDC) to respond to public health emergencies across the continent, while the balance of $1.37 million, will be a contribution to the AU COVID-19 Response Fund.

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    The two grants, from the Bank’s concessional window, the African Development Fund, and the Transition Support Facility, will support the implementation of Africa CDC’s COVID-19 Pandemic Preparedness and Response Plan through strengthening supervision at several points of entry (air, sea, and land) in African countries; building sub-regional and national capacity for epidemiological surveillance; and ensuring the availability of personal protective equipment for frontline workers deployed in hotspots and testing materials. The operation will also facilitate collective on of gender-disaggregated data, and adequate staffing for Africa CDC’s emergency operations center.

    At the advent of February 2020, barely two location laboratories in Senegal and South Africa could run tests for COVID-19 on the continent. The Africa CDC, working with governments, the WHO, and several development partners and public health institutes, have boosted this capacity to forty four countries. Irrespective of this improvement, Africa’s testing capacity stays at less than 600 per one million people correlated to 50,000 in Europe.

    “Our response today and support to the African Union is timely and will play a crucial role in helping Africa look inward for solutions to build resilience to this pandemic and future outbreaks,” noted Wambui Gichuri, Bank Acting Vice President, Agriculture, and Human Development.

    This assistance will fill out diverse national and, sub-regional operations subsidized by the African Development Bank under its COVID-19 Rapid Response Facility to support African countries comprise and mitigate the consequences of the Novel Coronavirus pandemic.

     

     

    Invest in Modern Africa
    Africa Fastest Growing Continent. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

    New Africa Business News Person of the year 2020
    Start Voting for New Africa Business News Person of the year 2020. Nomination Starts July 04 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 50 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. New Africa Business News Person of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com 

     

    AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)
    Accelerating Intra-African Trade and Boosting Africa’s Trading Position in the Global Market by Strengthening Africa’s Common Voice and Policy Space in Global Trade Negotiations. For More Information Contact: African Union Headquarters, P.O. Box 3243, Roosvelt Street W21K19, Addis Ababa  Ethiopia, Tel: +251 11 551 77 00  Fax: +251 11 551 78 44.

     

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 50 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. Africa President of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com 

     

    HELP FIGHT CLIMATE CHANGE
     United Nations Environment Programme (UNEP) Leading Global Environmental Authority that Sets the Global Environmental Agenda, Promotes Coherent Implementation of the Environmental Dimension of Sustainable Development within the United Nations System, and Serves as an Authoritative Advocate for the Global Environment.  Visit:  www.unenvironment.org  

     

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Dangote Group US$2 Billion Fertilizer Plant be Ready to Start Production

    Next Story

    United Bank for Africa Titles Six New Country Chief Executive Officers in Africa, International and Senior Group Roles

    14 Comments

    1. Afia July 28, 2020 at 3:43 am Reply

      African Union’s COVID-19 response fund is a good investment. Thank your report. Addis Ababa. Afia

      • New Africa Business News, Staff Correspondent July 28, 2020 at 3:44 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Sam July 28, 2020 at 3:50 am Reply

      Thank you for signing me to your newsletter. Enjoy your reports. Sam in Lagos Nigeria

      • New Africa Business News, Staff Correspondent July 28, 2020 at 3:51 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Asuma July 28, 2020 at 3:58 am Reply

      African Development Bank is doing all what they can able do to help and improve life in the Continent. Good investment. Free town, Sierra Leone. Asuma

      • New Africa Business News, Staff Correspondent July 28, 2020 at 3:59 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Rebecka July 28, 2020 at 4:05 am Reply

      Love your newsletter. Thank you for signing me. Love Africa. Rebecka in Stockholm Sweden

      • New Africa Business News, Staff Correspondent July 28, 2020 at 4:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Tyra July 28, 2020 at 4:12 am Reply

      Am happy to see African Development Bank and African Union working together to fight COVID-19 in our great Continent. Cape town in South Africa. Tyra

      • New Africa Business News, Staff Correspondent July 28, 2020 at 4:13 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Cora July 28, 2020 at 4:18 am Reply

      Thank you for reporting. Fan of your online newspaper. Nairobi Kenya. Cora

      • New Africa Business News, Staff Correspondent July 28, 2020 at 4:19 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Abuya July 28, 2020 at 4:25 am Reply

      African Union’s COVID-19 Response Fund will go a long way. Good job AU.
      Abuya in Kampala Uganda

      • New Africa Business News, Staff Correspondent July 28, 2020 at 4:25 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    African Development Bank and Google Signs Agreement on Digital Transformation

    Posted On 28 Sep 2023

    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed

    Posted On 27 Sep 2023

    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing

    Posted On 26 Sep 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    African Development Bank and Google Signs Agreement on Digital Transformation

    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed

    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing

    Recent Posts

    • African Development Bank and Google Signs Agreement on Digital Transformation
    • Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    • Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing
    • Malawi’s Financial Market Dealers Association has advised the Reserve Bank of Malawi to latch Fissures in the Forex Market
    • $5 Billion has been committed by the African Petroleum Producers Organization for the Establishment of the African Energy Bank

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.