AFAWA (Affirmative Finance Action for Women in Africa)

27-Nov-2019

2019 Global Gender Summit marks concrete gains and actionable goals to surge ahead on gender equality

Highlights of the Summit include the launch of: AFAWA risk-sharing facility to de-risk lending to women 50 Million African Women Speak, a Pan-African networking platform Joint UNECA-African Development bank Gender index “We’ve known it from the beginning that equality and women’s empowerment is the true way for sustainable development,” Rwanda’s Minister of Gender and Family Promotion, Solina Nyirahabimana told reporters at a 2019 Global Gender Summit press conference on Tuesday. “During this past 25 years, we have been concentrating on gender equality, starting by creating...
26-Nov-2019

2019 Global Gender Summit: African Development Bank, partners officially launch AFAWA Risk Sharing Facility

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme gained momentum with significant support from commercial banks and a $1 million commitment from the government of Rwanda. The Bank and partners officially launched AFAWA Risk Sharing Facility, on Monday, at a press conference held during the 2019 Global Gender Summit currently underway in Kigali, Rwanda. AFAWA is one of the Bank’s flagship gender-focused programmes which seeks to accelerate growth and employment creation across African economies, by closing the financing gap for women. "...
24-Nov-2019

Mainstreaming gender in African policymaking: Ensuring no voice is unheard

Despite remarkable progress made on women’s participation in policymaking, Africa is still far from achieving the 50 percent gender parity target set by the UN’s Sustainable Development Goals (SDGs). Between 1995 and 2018, the proportion of women in African parliaments almost tripled from 8% to 23% but remains insufficient. Out of 11,037 African parliamentarians as of October 2018, only 2,591 were women and out of 1,348 ministers on the continent only 302, or 22%, were women1. The challenges in achieving gender equality and women’s empowerment, will be the focus of the Global Gender...
20-Nov-2019

Sommet mondial du genre 2019 à Kigali : la Banque africaine de développement et le Rwanda veulent accélérer la promotion de l’égalité des sexes

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. Environ 200 délégations, chefs d’État, décideurs, représentants du monde universitaire et de la société civile sont attendus à Kigali pour échanger autour du thème central de cette 4ème édition du Sommet : « Éliminer les obstacles à l’égalité des sexes ». Le Rwanda est un pays modèle en matière d’égalité entre les sexes :...
03-Oct-2019

UNGA 2019: African Development Bank announces new accountability index to measure institutional lending to women

A new tool to track the level of lending to women across the continent will be important for ensuring women get the critical financial help they need, African Development Bank president Akinwumi Adesina told attendees at a public event held on the sidelines of the UN General Assembly. The Women’s Financing Index, currently under development, will rate banks and financial institutions who apply for loans from the African Development Bank, against the amounts they have lent or are lending to women, Adesina said right before the start of panel discussions organized by the Initiative for...
25-Sep-2019

UNGA 2019: Women are “Africa’s tigers” says Congolese First Lady as African Development Bank touts $3bn fund

African women are on the cusp of securing gender equality. “We are convinced that the moment for African women has now come,” said Antoinette Sassou Nguesso, the First Lady of the Republic of Congo. Nguesso made the remarks on Tuesday at a meeting of the Organization of African First Ladies for Development (OAFLAD) on the sidelines of the UN General Assembly. “The tiger doesn’t claim its tigerhood, and it has to act like a tiger,” Nguesso, president of OAFLAD, said in French via an interpreter. “I urge all African women … to make sure that by 2030, we will obtain for all African...
25-Sep-2019

Remarks by Dr. Akinwumi A. Adesina, President of the African Development Bank Group at the High-Level Event on “Renewing Commitment towards Enhancing Gender Equality and Women’s Empowerment in Africa”, held by the African First Ladies, New York, September

Excellencies, First Ladies, Distinguished guests, Ladies and gentlemen,   Your Excellencies, Ladies and gentlemen, Good Morning! I wish to thank Your Excellencies the African First Ladies for hosting this important event and for inviting me. It’s a great honor to be here. Your mission as Africa’s First Ladies is so crucial. You are developing the value chain of girl-women economic empowerment. And that value chain must work for the girl child until they also become adult women and then work for them as women. But the value chain of girl-women economic...
02-Aug-2019

Guinée : La Banque africaine de développement accompagne des Masterclass au profit de 100 femmes entrepreneures

Conakry (Guinée), le 1er août 2019 – Le Bureau de la Banque africaine de développement en Guinée, à travers le département Genre, Femmes et société civile a organisé du 24 au 29 juillet 2019 à Conakry, des Masterclass destinés à 100 femmes entrepreneures. La rencontre a porté sur la planification financière et l’élaboration de modèles d’affaires. Sélectionnée après un processus compétitif de candidature en ligne, la centaine de participantes a eu l’opportunité de se familiariser avec les meilleures pratiques en matière de développement des affaires, de planification et de gestion...
11-Jul-2019

Green Climate Fund announces $20m for African Development Bank’s Affirmative Finance Action for Women in Africa’s climate resilience project in Ghana

ABIDJAN, Cote d’Ivoire, 11 July 2019 - The Green Climate Fund has announced a $20 million grant to the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program for a climate action project to support women-led farmers’ associations and micro, small and medium enterprises in Ghana’s agricultural sector. The funds will go to the “Financing Climate Resilient Agricultural Practices in Ghana” project, following approval by the Green Climate Fund board at a meeting held 6 - 8 July 2019 in Songdo, South Korea. The board members decided to increase the grant...
04-Jul-2019

AU Summit: President Adesina to lead African Development Bank’s delegation, Continental Free Trade Area talks to top summit agenda

Abidjan, Côte d'Ivoire, 4 July 2019 - African Development Bank Group President Akinwumi Adesina will next week lead a delegation of top Bank officials to the extraordinary summit of Heads of State and Government of the African Union (AU) in Niger’s capital, Niamey. High on the agenda of the July 7-8 summit are discussions on the African Continental Free Trade Area (AfCFTA). President Adesina will meet African leaders to review the continent's development issues, and hold talks on the effective implementation of the AfCFTA. As a member of the continental Task Force, the Bank will...
28-Jun-2019

Afrique du Nord : la Banque africaine de développement et la fondation panafricaine «Entreprenarium» ensemble pour libérer le potentiel des femmes entrepreneures

Portée par la Banque africaine de développement, l’Initiative pour favoriser l’accès des femmes au financement en Afrique (AFAWA) a organisé, le 24 juin à Tunis, un séminaire de type « Masterclass » au profit de femmes d’affaires de la région, dans les domaines du développement des entreprises et de la gestion financière. Cet atelier a été organisé en partenariat avec la fondation panafricaine « Entreprenarium », qui travaille étroitement avec les spécialistes du genre de la Banque, pour développer un programme d’autonomisation économique des femmes, contribuant à...
24-Jun-2019

African Development Bank hosts masterclass on women’s skills in business development

The fourth Affirmative Finance Action for Women in Africa (AFAWA)/Entreprenarium masterclass began Monday in Pretoria, South Africa, aimed at improving women’s skills in business development and financial management. 40 business women, who came through an online application process, will attend the two-day masterclass, which will cover financial planning, lean start-up methodology and business model canvassing. A mentoring and coaching session will help participants to broaden their skills. The masterclasses are jointly conducted by the African Development Bank Group and Entreprenarium, a...
05-Jun-2019

Ghana - Program on Affirmative Finance Action for Women in Africa (AFAWA): Financing climate resilient agricultural practices in Ghana - ESMS

The African Development Bank’s Feed Africa Strategy has identified innovative financing as critical to mobilizing resources for Climate Resilience Agricultural (CRA) transformation in the continent. The Risk Sharing Financing Mechanism has been proposed as one of the flagships for the Feed Africa Strategy and is premised on developing de-risking instruments, technical assistance, integrated ICT platforms, performance management, and incentives that would bridge the gaps between CRA and financing value chains. With the financial support from the AfDB, Ghana has taken the lead under this...
13-May-2019

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program. We-Fi is a partnership among 14 donor governments, eight multilateral development banks, and other public and private sector stakeholders, established in October 2017 and hosted by the World Bank Group. “This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women...
29-Apr-2019

Women Entrepreneurs Finance Initiative to Hold First-Ever Regional Summit in Cote d’Ivoire

WHO:   His Excellency Alassane Ouattara, President of the Republic of Côte d’Ivoire Ivanka Trump, Advisor to the President, United States Akinwumi A. Adesina, President of the African Development Bank Bandar M. H. Hajjar, President of the Islamic Development Bank Kristalina Georgieva, CEO of the World Bank U.S. Senator Lindsay Graham and other high-ranking officials WHAT:   Women Entrepreneurs Finance Initiative (We-Fi) Regional Summit WHERE:  Sofitel Abidjan-Hôtel Ivoire, Boulevard Hassan II, 08 BP 01, Abidjan, Côte d’Ivoire...
19-Apr-2019

‘My mother told me to dare.’ Inspiring stories from high-level African Development Bank women’s summit

Nafissa Hamidou Abdoulaye has been praised far and wide for her ground-breaking work in agriculture, but securing financing has been an uphill battle. That was until now. The African Development Bank has decided to jump in and support Abdoulaye, who has for the past five years self-financed her animal feed company Salma, which employs 10 people. Abdoulaye’s story inspired African Development Bank president Akinwumi Adesina after she spoke at the high-level regional summit of the Women Entrepreneurs Finance Initiative (We-Fi) held in Abidjan, Cote d’Ivoire, on April 17, 2019. The...
17-Apr-2019

We-Fi Regional Summit Calls for Urgent Public and Private Sector Action to Support Women Entrepreneurs in West Africa

Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs, and contributing governments of the Women Entrepreneurs Finance Initiative (We-Fi) convened today at the first We-Fi Regional Summit to discuss concrete ways to strengthen support for women-led small and medium-sized enterprises (SMEs) in West Africa. Attended by more than 400 public and private sector leaders from West Africa and other regions, the Summit was organized by We-Fi in collaboration with the African Development Bank, the Islamic Development Bank, and the World...
09-Apr-2019

African Development Bank President makes strong case for increased U.S. investment in Africa

Speaking at a high-level dialogue in Washington D.C. on the sidelines of the World Bank-IMF Spring meetings, the President of the African Development Bank, Akinwumi Adesina, said “It is time to turn around the declining investments of the U.S. in Africa. As the world’s private sector leader, the United States has a unique role to play in increasing investments in Africa and expanding opportunities for the U.S. private sector". Acknowledging continued U.S. support for Africa, Adesina said “ Now is the time to scale up and take...
25-Mar-2019

La Banque africaine de développement et le Groupe Attijariwafa bank s’associent pour soutenir les femmes entrepreneures en Afrique

La Banque africaine de développement, le Groupe Attijariwafa bank et plusieurs associations patronales féminines ont signé, le 14 mars 2019, une convention de partenariat portant sur l’accompagnement des femmes entrepreneures africaines, à l’occasion de la 6e édition du Forum international Afrique Développement à Casablanca, au Maroc. Convaincus que les femmes jouent un rôle essentiel dans l’avenir de l’Afrique, la Banque africaine de développement et le Groupe Attijariwafa bank renforcent, avec cette convention, leur volonté partagée de contribuer à promouvoir l’entrepreneuriat...
08-Mar-2019

International Women’s Day 2019: African Development Bank kicks off month-long celebration with women’s entrepreneurship awards

“Think equal, build smart, innovate for change, ” is the global theme of this year’s International Women’s Day. As one of its core priorities, the African Development Bank is promoting women’s entrepreneurship and innovation across the continent. In Abidjan, today, more than 100 women entrepreneurs from Cote d’Ivoire assembled at the Bank’s headquarters for a closing ceremony, following their participation in master classes in business model development and financial planning earlier this year. The classes were organized by the Bank’s AFAWA (Affirmative Finance Action for Women in...