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African Development Bank approves $1.5 billion emergency food facility

By:
Reuters
Updated: May 20, 2022, 14:37 UTC

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.

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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