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African Development Bank approves $1.5 billion emergency food facility – Metro US

African Development Bank approves $1.5 billion emergency food facility

The headquarters of the African Development Bank (AfDB) are pictured
The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast

CAPE TOWN (Reuters) – The African Development Bank on Friday approved a $1.5 billion emergency food production facility for 20 million farmers on the continent to avert a looming food crisis brought on by Russia’s invasion of Ukraine, a statement from the bank said.

(Reporting by Wendell Roelf; Editing by James Macharia Chege)

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