26-Nov-2019 - Africa needs new impetus in its journey towards gender parity. Making progress on any single indicator of gender inequality is likely to require systematic action on a range of indicators by governments, companies, communities, and individual men and women.
A new McKinsey Global Institute (MGI) report prepared with McKinsey & Company, Africa, The power of parity: Advancing women’s equality in Africa finds that accelerating progress towards parity could boost African economies by the equivalent of 10 percent of their collective GDP by 2025.
26-Nov-2019 - Leaders from multilateral development banks, financial institutions and the private sector called on peers to dispel myths about women being too “high risk” for financing - and to offer more financial services for women in business to close the gender finance gap.
“We know that women are a good bet. We know they pay back. We know they run excellent businesses – and yet they are not getting financed,” said Dr Jennifer Blanke, African Development Bank Vice President for Agriculture, Human and Social Development.
26-Nov-2019 - The Board of Directors of the African Development Bank Group on Thursday approved a long-term Senior Loan of $400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility in Mozambique.
The Mozambique LNG Area 1 Project, ranked Africa’s single largest Foreign Direct Investment to date, comprises a global team of energy developers and operators, led by Total alongside Mitsui, Oil India, ONGC Videsh Limited, Bharat Petroleum, PTT Exploration, as well as Mozambique’s national oil and...
26-Nov-2019 - “Investments in gender equality are critical to realizing demographic dividend, but we need to ensure that women have the tools to overcome the barriers they face,” First Lady of Rwanda, Jeannette Kagame told participants at a panel at the Global Gender Summit in Kigali on Monday.
The panel, made up of First Ladies Kagame, Margaret Kenyatta, ministers and development experts, observed that too many women and girls still face barriers to basic rights, particularly access to labour market opportunities.
25-Nov-2019 - African countries must act faster to purge corruption in the land sector by harnessing technology and innovation, African Development Bank Senior Vice President Charles Boamah urged on Monday.
Boamah, who was speaking to policymakers and stakeholders at a conference on Land Policy in Africa in the Ivorian capital, Abidjan, also called for the deployment of more financial and human resources to land policy development, “especially in rural areas and among the most vulnerable, including women.”
25-Nov-2019 - The youth of Africa must be empowered to be competitive in order to play a more meaningful role in the continent’s economic transformation drive, urged African Development Bank’s Acting Chief Economist and Vice-President for Economic Governance and Knowledge Management, Charles Lufumpa.
25-Nov-2019 - African Development Bank President Akinwumi Adesina has called for greater access to finance for African women when he addressed the inaugural session of the Global Gender Summit.
"When women borrow, they always repay. And 90% of them repay their loans without the least problem. So, where is the risk? The problem is prejudice and the banks' lack of flexibility. We must leave this behind to allow women access to financing," President Adesina urged.
25-Nov-2019 - Le président du Cameroun, Paul Biya, a ouvert officiellement, ce vendredi à Yaoundé, le Sommet extraordinaire de la Conférence des chefs d’État de la Communauté économique et monétaire de l’Afrique centrale (CEMAC), dont il est le président en exercice.
25-Nov-2019 - ‘There is no template to follow…we (women) can deliver but we can deliver differently” - President Sahle-Work Zewde, President of Ethiopia
‘We are making sure that narrowing this gender gap is everyone’s responsibility,’ President Paul Kagame of Rwanda
“This discrimination is political, economic and social; it is politically incorrect, unjustifiable socially.’ - Chairperson of the African Union Commission Moussa Faki Mahamat
22-Nov-2019 - Le Groupe de la Banque africaine de développement a validé un prêt de 62,5 millions d’euros en faveur du Sénégal pour soutenir la première phase du Programme d’appui à la mobilisation des ressources et à l’efficacité des réformes (PAMRER I).
22-Nov-2019 - The government of South Sudan on Thursday commissioned a $38 million upgraded power distribution system financed by the African Development Bank to restore reliable electricity supply to Juba’s central business district and boost suburban livelihoods.
The Juba Power Distribution System Rehabilitation and Expansion Project is the first in a series of major energy sector interventions by the Bank to improve livelihoods and build resilience in South Sudan. As its counterpart contribution, the government provided land for the construction of five...
22-Nov-2019 - Le Conseil d’administration de la Banque africaine de développement a approuvé, ce mercredi à Abidjan, un prêt de 73,2 millions d’euros au profit de la République du Congo pour mettre en place des chaînes de valeurs agricoles au bénéfice de plus de 350.000 personnes.
20-Nov-2019 - Pour la première fois, l’Afrique accueille, du 25 au 27 novembre à Kigali, le Sommet mondial sur le genre, un événement qui vise à partager les meilleures pratiques et stimuler l’innovation afin d’accélérer les progrès en matière d’égalité des sexes.
19-Nov-2019 - Le ministre de l’Economie, de la planification et de l’aménagement du territoire, Alamine Ousmane Mey et le directeur général de la Banque africaine de développement pour la région Afrique centrale, Ousmane Doré, ont signé l’accord de prêt de la première tranche du « Projet d’appui au secteur des transports phase 3 : construction de la Ring Road », pour un montant de 17,96 millions d’euros, soit environ 12 milliards de francs CFA.
C’était le 28 octobre 2019 à Yaoundé, en présence de responsables officiels camerounais et du responsable pays de...
19-Nov-2019 - La Banque africaine de développement a lancé, le jeudi 31 octobre à Tunis, le programme « Investia Enterprise » afin de renforcer la dynamique d’inclusion financière en faveur des petites et moyennes entreprises (PME) tunisiennes.
Cette opération est le fruit d’un partenariat entre le Royaume-Uni et le ministère des Finances tunisien, mobilisant, autour de la Bourse des valeurs mobilières de Tunis, l’ensemble des acteurs de l’écosystème financier du pays.
L’objectif de ce programme pilote est de faciliter l’accès aux financements non bancaires...
18-Nov-2019 - Masai Ujiri, President of the Toronto Raptors, made his second appearance at the Africa Investment Forum, renewing his call for African governments to invest in sports.
Ujiri, the only President of National Basketball Association (NBA) of African origin in franchise history, has worked hard over the past year to scout talent and raise awareness about the success and growth of sports on the continent.
18-Nov-2019 - Challenged a few years ago at an investment forum about the number of women-owned businesses she invested in, Tokunboh Ishmael, co-founder of Aliethiea IDF, faced the realization that after 15 years of private equity investing in businesses in Europe, Asia and North America, the answer was: none.
It was a turning point for the former investment banker, although her partner and co-founder, South African Polo Leteka, had been doing exactly that for years.
18-Nov-2019 - The African Development Bank has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA - a pan-Africa financial institution with a solid presence in 12 African countries.
The 3-year RPA facility was signed November 12, on the sidelines of the Africa Investment Form through its trade finance operations. Under this 3-year RPA facility, the Bank and ABSA will share default risk on a portfolio of eligible trade transactions originated by African Issuing Banks (IBs) and confirmed by ABSA.
14-Nov-2019 - At the close on Wednesday of the second edition of the Africa Investment Forum in Johannesburg, African Development Bank president Akinwumi Adesina put the accent on current investment opportunities in Africa and on assuring young African entrepreneurs of the institution's support.
14-Nov-2019 - The African Development Bank and the European Union shook hands on a renewed commitment to unlock hundreds of millions in financing for African infrastructure and development needs.
Collaboration between the two institutions would focus on de-risking the business environment in Africa, providing equity, guarantees and other types of non-grant support, African Development Bank President Akinwumi and European Union Commissioner Neven Mimica said at a news conference held Monday, on the sidelines of the Africa Investment Forum.