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Key take-aways from the Finance in Common Summit Spring Meeting
17-May-2021 - It would be like trying to run up a steep hill with a backpack filled with sand. That was how Dr. Akinwumi A. Adesina described a predicament in which Africa could potentially find itself. He suggested that there could be no recovery from the current economic malaise without addressing Africa’s external debt burden of $700 billion.
African Development Bank, EBRD partner to unlock additional sustainable investment opportunities in Africa
17-May-2021 - The African Development Bank Group and the European Bank for Reconstruction and Development (EBRD) on Monday signed a memorandum of understanding to promote sustainable private sector development in Africa. The memorandum of understanding will help catalyse new sources of financing to help bridge the $2.5 trillion annual financing gap for development in Africa. This gap requires that development finance institutions work in partnership.La Côte d’Ivoire et la Banque africaine de développement lancent plusieurs études de faisabilité sur le secteur industriel
14-May-2021 - Le gouvernement ivoirien et la Banque africaine de développement ont lancé, le 11 mai dernier à Abidjan, un Projet d’amélioration des services aux industries en Côte d’Ivoire (PASI-CI). Objectif : accompagner le développement industriel de la première puissance économique de la zone franc ouest-africaine.
Ethiopia: African Development Bank Group signs grant agreement for $31 million to tackle nutrition and end child stunting
14-May-2021 - The African Development Bank and the Government of Ethiopia have signed an agreement for a $31 million grant to boost health and nutrition for children under the age of five. The African Development Fund’s Board of Directors approved funding for the government’s Multi-Sectoral Approach for Stunting Reduction Project (MASReP) at the end of April. The total budget is $48 million.Sustainable and Responsible Finance
14-May-2021 - What: Webinar Who: The African Development Bank’s Making Finance Work for Africa (MFW4A) Partnership, European Investment Bank & the IPC, Horus, IECD Consortium When:
Virtual Roundtable - Scaling Up Financing for Youth Entrepreneurship and Innovation in Africa
14-May-2021 - What: Roundtable on scaling up financing for youth and innovation in Africa Who: The African Development Bank When: 17 May 2021, 11:00 to 12:00 Paris time / 9:00 to 10:00 GMT
Sudan: African Development Bank Group completes clearance of Sudan’s $413 million arrears
12-May-2021 - 5th May 2021, Dr. Gibril Ibrahim Mohammed, Sudan’s Minister of Finance and Economic Planning, Nnenna Nwabufo,African Development Bank Director-General, East Africa Region, sign grant agreements for the arrears clearance Following approval of the proposal by the Boards of Directors of the African Development Bank Group to clear about $413 million in arrears on loans owed by Sudan, the Bank Group has completed the arrears clearance process, enabling the East African country to have immediate access to new financing.
Finance in Common Summit Spring Meeting: public development banks call for new financing for Africa’s recovery post-Covid-19
11-May-2021 - A global coalition of public development banks today emphasized the urgency of immediate resources for Africa’s recovery post-Covid 19. Together, they committed to deepening cooperation to boost investment opportunities across the continent.En Gambie, un projet sur les chaînes de valeur soutenu par la Banque africaine de développement permet d’augmenter la production animale et le revenu des agro-entrepreneurs
11-May-2021 - Le Projet de développement des chaînes de valeur agricoles, mis en œuvre depuis 2016 en Gambie, a permis d’augmenter la production animale et le revenu des agripreneurs, indique un rapport publié le 28 avril dernier par la Banque africaine de développement.
In Niger, a rare scene in the pandemic: Covid-19 wards remain empty, agriculture and business benefit from support programs
11-May-2021 - Looking over his hectares of rice in Saga, less than 10 minutes from central Niamey, Garba Soumana's face is radiant. A gust of wind from the Niger River drowns out his voice, but in no way diminishes his joy. "Thank you, Lord. God is great," he exclaims. "This is such an achievement, like a thorn taken out of your foot," he says, again and again, gazing over his vast green expanse.
African Development Bank invites business enablers to apply for funding to support women entrepreneurs
10-May-2021 - This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers. Women’s business associations, incubators, accelerators, and cooperatives that advance women’s entrepreneurship, can apply for funding for innovative projects or programs to bolster the skills of small and medium enterprises (SMEs) owned and run by women across Africa, the Bank announced.
Avec des résultats encourageants, le Mécanisme africain de financement du développement des engrais (MAFDE) envisage plus de ressources pour de nouveaux projets
06-May-2021 - Dans son rapport annuel, publié le 4 mai, par la Banque africaine de développement, le Mécanisme africain de financement du développement des engrais (MAFDE) annonce avoir obtenu « des résultats importants en 2020 et envisage de mobiliser plus de ressources qui seront investies dans de nouveaux projets ».
UK Parliamentary Committee recognises the African Development Bank’s effectiveness in responding to Covid-19
06-May-2021 - The African Development Bank has welcomed a report published by the UK House of Commons’ International Development Committee on Britain’s support to the African Development Bank Group. The report was prepared by the Sub-Committee on the Work of the Independent Commission for Aid Impact (ICAI). The report recognises the Bank’s effectiveness in responding to the pandemic and encourages the British government to work with it to ensure that momentum is not lost in 2021.African Development Bank holds webinar on accountability for Southern African CSOs
05-May-2021 - Civil Society Organizations (CSOs) from eight Southern African countries participated in a webinar on accountability and good governance in projects funded by multilateral development banks. “The role of CSOs in promoting principles of transparency and accountability, and in amplifying citizens’ voice and participation are key ingredients in achieving inclusive and sustainable development,” said Vanessa Moungar, Director of the Bank’s Gender, Women and Civil Society, in opening remarks.
Fashionomics Africa, DHL Express train African fashion entrepreneurs to excel in international trade, logistics and e-commerce
05-May-2021 - More than 280 million online shoppers in Africa represent a huge opportunity for e-commerce development on the continent, attendees of a recent Fashionomics Africa webinar heard. Fashionomics Africa joined forces with DHL Express and industry experts for the webinar held for fashion entrepreneurs looking to expand into regional and international markets.
Social safety nets, community spirit help South African mother through Covid-19 crisis
05-May-2021 - Around 40 km outside Cape Town, Leebah Bessick wipes sweat from her forehead as she digs a pitchfork into the earth at a neighbourhood community garden. It’s an unseasonably hot day here at Blackheath Secondary School and even a shady corner of the garden offers Bessick and the other gardeners little respite from the midday sun. Still, she finds refuge here these days after enduring a year of hardship and unemployment caused by the onset of the Covid-19 pandemic, which hit South Africans hard.
Finance in Common Spring Meeting: Africa’s Green and Resilient Recovery: a Common Objective
05-May-2021 - WHAT: Finance in Common Spring Meeting WHO: The African Development Bank, African Public Development Banks (PDBs) in collaboration with the Association of African Development Finance Institutions (AADFI) and the International Development Finance Club (IDFC)
Dialogue de haut niveau – « Nourrir l’Afrique » : le continent africain invité à préserver ses terres arables et à mieux les valoriser
04-May-2021 - Le président sénégalais, Macky Sall, a exhorté, jeudi, les États africains à ne pas céder leurs terres arables à des pays tiers ou à des multinationales, mais à mieux les valoriser afin d’atteindre l’objectif continental de nourrir l’Afrique et d’éliminer la faim d’ici à 2025.Au Togo, les populations rurales bénéficient du programme gouvernemental de riposte au Covid-19 soutenu par la Banque africaine de développement
03-May-2021 - Dans son plan de riposte à la pandémie de Covid-19, le gouvernement du Togo a inscrit les zones rurales à son agenda. Le pays qui a bénéficié du soutien de la Banque africaine de développement a couvert d’importantes charges au bénéfice des populations vulnérables, indique un rapport de la Banque sur l’état d’exécution et les résultats du programme publié le 28 avril.