The African Development Bank (ADB) is a financial institution that funds projects that promote economic and social progress throughout the African continent. The bank is also popularly known as Banque Africaine de Développement.
The bank has 54 member states among the African nations and 26 non-African member states.
There are however a lot of projects that are embarked on by the bank across the African continent that has brought about succor to a lot of African communities, especially those that have less or no access to potable water and are battling environmental pollution and degradation.
Among some of those notable projects is the Dakar TER.
It is an express train to foster development in the transportation system in Senegal. It is the first regional express train in Senegal. It stops at several points in the capital city, Dakar to accommodate commuters and make commuting between locations easily accessible and hassle-free.
Among those projects is the Sudan bank-funded program which pioneers a batch of graduates in the education sector of the country, set to enhance institutional and human capacity in the educational sector of the country. This project also provides interestingly great opportunities for ambitious students to get into academia.
The Burkina Faso food and nutrition project is a project that was targeted at students attending schools in the rural parts of the country. In places like Konioudou pupils are served lunch at their respective schools.
The bank has always been on active service and tirelessly reaching out to communities predominantly rural communities to implement projects that promote and boosts access to clean water, and pipe-borne water.
Among the beneficiary, communities are those in Sierra Leone who now have access to clean water.
In Zambia, the Bank helps cushion the impact of COVID-19 with livestock and aquaculture projects. The bank has helped communities in Zambia to acquire goods worth around $450,000+ to cushion the effect of COID-19, especially on vulnerable people.
Notably, the Bank authorized the government of Zambia to set aside $200,000 from a livestock project that was near completion to procure relief packages of food, livestock, farming inputs, and medical materials and distribute them to communities in the wake of the COVID-19.
Egypt is on the verge of turning wastewater into wealth and the African Development bank is so much involved in promoting green technology to salvage climate change. The effect of this technology is reduced carbon emissions and the promotion of improved livelihoods for the populace.
In Nigeria, where the world’s largest single-train urea plant is located, co-funded by the African Development Bank has created 50, 000+ jobs to engage youths and the unemployed across the agriculture value-chain and have made fertilizer readily available and subsidized.
The co-funded project, the Indorama Eleme fertilizer project is a success story of public-private partnership and for years, has been a relief solution to peasant farmers and has brought about more agricultural product yields, thereby achieving a food availability boost of 67%.
The African Development Bank is helping to break down the barriers to free trade in Africa and succeeding in the war against food shortage, access to potable water, access to quality education, and raising the standard for an economically prospering Africa.