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AfDB approves $27 million to boost AU’s COVID-19 Response

MSME Africa by MSME Africa
July 28, 2020
in Africa, News
0
African Development Bank named the World's Best Multilateral Financial Institution 2021 by Global Finance

Akinwunmi Adesina AfDB President

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The approval comes on the heels of a meeting of the extended Bureau of the AU Conference of Heads of State and Government with Africa’s private sector on 22 April 2020

The African Development Bank on Friday 24 July approved $27.4 million in grants to boost the African Union’s (AU) efforts to mobilize continental response to curb the COVID-19 pandemic.

The approval comes on the heels of a meeting of the extended Bureau of the AU Conference of Heads of State and Government with Africa’s private sector on 22 April 2020, chaired by President Cyril Ramaphosa of South Africa, who is the current chairperson of the AU. African Development Bank President, Akinwumi Adesina, who attended the meeting, pledged strong support for the AU COVID-19 initiative.

The AU Bureau meeting called for contributions to the African Union’s COVID-19 Response Fund established by the AU Commission chairperson, Mr. Moussa Faki Mahamat, in March 2020.

Speaking after the Board approval of this operation, Adesina said: “With this financing package, we are reaffirming our strong commitment to a coordinated African response in the face 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 bulk of the Bank’s grant financing for this operation, about $26.03 million, will help to strengthen the institutional capacity of the Africa Centres 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.

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 surveillance at various 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 collection of gender-disaggregated data and adequate staffing for Africa CDC’s emergency operations center.

At the beginning of February 2020, only two reference 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 increased this capacity to 44 countries. Despite this progress, Africa’s testing capacity remains at less than 600 per one million people compared 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,” said Wambui Gichuri, Bank Ag. Vice President, Agriculture and Human Development.

This support will complement various national and sub-regional operations financed by the African Development Bank under its COVID-19 Rapid Response Facility to support African countries contain and mitigate the impacts of the pandemic.

The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 44 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states.

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Tags: AFDBAfrican Development BankAfrican Development FundAfrican UnionAkinwumi AdesinaCyril RamaphosaMoussa Faki MahamatMSME Africa
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