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African Development Bank provides $1 million for AI-based national customer management systems in Ghana, Rwanda and Zambia
10-Mar-2021 - The Board of Directors of the African Development Bank has approved a grant of $1.024 million for artificial intelligence enabled systems to process customer complaints on behalf of the national banks of Ghana and Rwanda and the Competition and Consumer Protection Commission of Zambia. The grant resources are from the special fund of the Africa Digital Financial Inclusion Facility (ADFI), a financing vehicle to accelerate digital financial inclusion across Africa.
Mozambique: African Development Bank purchases temporary bridges to replace infrastructure destroyed in cyclones
09-Mar-2021 - The African Development Bank has finalized the purchase of 26 modular steel bridges to replace infrastructure that was destroyed in weather disasters in Mozambique. The modular bridges are due to be installed in coming months after the appointment of local contractors. The goal is to restore transport connections to the isolated regions of Manica, Sofala, Nampula and Cabo Delgado. An estimated 500,000 people are expected to benefit.
African Development Bank named the World's Best Multilateral Financial Institution 2021 by Global Finance
09-Mar-2021 - The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development Bank as the “Best Multilateral Financial Institution in the world for 2021”. The award is a global recognition for the path breaking efforts of the African Development Bank as it transforms itself into a solutions bank for Africa, through a combination of its operations, knowledge services and investment positioning, which continue to help accelerate Africa’s development.
Message by Dr. Akinwumi A. Adesina, President of the African Development Bank, for the International Women’s Day, March 8, 2021
09-Mar-2021 - As we celebrate the International Women’s Day, I celebrate all women around the world. I also celebrate all women at the African Development Bank. Everyone is born by a woman. Women give birth to life, but are often deprived of what they need to support a better life. It goes without saying that women are great leaders. Women are excellent entrepreneurs. Women are peace makers in their nations and communities. They help to form the balm that heals wounds in conflict affected areas, mediating and securing peace.On International Women’s Day, Acting VP Gichuri reflects on Africa’s gender wins
08-Mar-2021 - To mark International Women’s Day, development leader Wambui Gichuri shares her thoughts on how far Africa has come on gender equity. She also reveals personal life lessons that have inspired her. Gichuri is Acting Vice President for Agriculture, Human and Social Development, as well as Director for Water Development and Sanitation, at the African Development Bank.
Genre et changement climatique : la Banque africaine de développement accorde une grande priorité à la résilience des femmes
08-Mar-2021 - Engagée aux côtés de ses pays membres régionaux pour atténuer les effets du changement climatique, la Banque africaine de développement accorde une grande priorité à la résilience climatique des femmes. Dans les sociétés africaines, particulièrement en milieu rural, certaines tâches domestiques sont dédiées aux femmes: approvisionnement du foyer en eau et en bois de chauffe, gestion de la production agricole familiale, activités génératrices de revenus, notamment, le petit commerce, etc.
La Banque Africaine de Développement engagée pour l’autonomisation des femmes au Sahel et dans le bassin du Lac Tchad
08-Mar-2021 - La nouvelle stratégie du genre pour la période 2021-2025, rendue publique le 3 février dernier, renforce les engagements de la Banque africaine de développement en faveur de l’autonomisation des femmes, notamment dans la situation de fragilité à laquelle le Sahel et le bassin du Lac Tchad font face.Women Entrepreneurs, Key Drivers of Economic Growth (AFAWA Guarantee for Growth Program)
08-Mar-2021 - Women entrepreneurs contribute significantly to economic development and financial integration in Africa through job creation. However, many continue to have difficulty in accessing loans, partly due to their inability to provide immovable collateral, and the roadblock of existing land and property rights laws. Through the AFAWA Guarantee for Growth program, the African Development Bank aims to unlock up to $3 billion in financing for women-owned small- and medium-sized enterprises by de-risking them and enhancing financial institutions'...
The Africa Digital Inclusion Facility approves grants worth $1.3 million for two research efforts to enhance women’s digital access to loans and micro-insurance
08-Mar-2021 - The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported by the Bank, to two financial technology firms, Pula Advisors Kenya Ltd., and M-KOPA Kenya Ltd.
Maurice : le Document de stratégie 2021-2025 veut s’appuyer sur les acquis du précédent DSP pour renforcer la résilience économique et les capacités de production d’énergie renouvelable
08-Mar-2021 - Malgré quelques changements politiques dans la deuxième moitié des années 2010, Maurice est le pays africain le plus performant en termes d’indicateurs de gouvernance.
International Women’s Day: Bank Operations are Impacting Women and Girls at Scale
08-Mar-2021 - Faith Keza is a happy entrepreneur. CEO at Irembu, Kigali, Rwanda. She is Rwandan. She went to the Massachusetts Institute of Technology to study electrical engineering and computer science but the goal was always to come back and be part of the Rwandan story… This dream came true thanks to the support provided by the Bank to Kigali’s Carnegie Mellon University where she teaches. Faith’s story is a perfect illustration of how concrete and palpable the Bank’s projects can be when it comes to supporting women.
Strengthening Institutional Capacities for Inclusive Development in Africa post-COVID-19
08-Mar-2021 - What: Webinar Who: The African Development Bank’s African Development Institute When:
African Development Bank Celebrates International Women’s Day by Spotlighting Women Entrepreneurs as Key Drivers of Economic Growth
08-Mar-2021 - In celebration of International Women’s Day, and to mark the rollout of the Affirmative Finance Action for Women in Africa (AFAWA) Guarantee for Growth program, the African Development Bank and the African Guarantee Fund are putting the spotlight on women supported by the AFAWA Guarantee for Growth program – an innovation aiming to unlock up to $3 billion in loans to women-led small and medium-size enterprises (WSMEs).Nigeria: African Development Bank Group provides $400,000 grant for Securities and Exchange Commission of Nigeria to support capital markets development
05-Mar-2021 - The African Development Bank Group today signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments. The funds will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance. The grant will be sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the Bank.African Development Bank’s Independent Review Mechanism registers complaints about Bank-funded projects in Burundi and Kenya
05-Mar-2021 - The African Development Bank’s Independent Review Mechanism (IRM), has registered two new complaints about projects funded by the Bank Group in Burundi and Kenya. The Burundi complaint was submitted by representatives of people affected by the Nyakararo Mwaro – Gitega Road project (RN18 /Phase II, Kibumbu-Gitega Mweya) and officially registered on 22 February. The complaint alleges a lack of consultation with affected people, encroachment on and/or destruction of private property and discrimination.The African Development Bank extends a grant of $2 million to strengthen cybersecurity and boost financial inclusion in Africa
05-Mar-2021 - The Board of Directors of the African Development Bank has awarded a $2 million grant to establish the African Cybersecurity Resource Center (ACRC) for Financial Inclusion to tackle cybercrime across Africa and to strengthen the resilience of digital financial ecosystems. The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, which the institution supports.Egypt: The African Development Bank signs agreements worth €109 million to transform sewage coverage in rural areas
05-Mar-2021 - The African Development Bank Group has signed financing agreements of €109 million with the Government of Egypt to improve sanitation infrastructure and services for rural communities in Luxor Governorate in Egypt’s Upper Nile region. The financing consists of a €108 million loan from the Bank, and a grant of €1 million from the Rural Water Supply and Sanitation Initiative (RWSSI) – an Africa-wide initiative hosted by the African Development Bank.