AFAWA (Affirmative Finance Action for Women in Africa)

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...
12-Feb-2019

African Development Bank and UN Women renew their partnership to accelerate gender equality and women’s empowerment in Africa

The African Development Bank and UN Women held their fourth steering committee meeting on 8 February 2019 in Abidjan, Cote d’Ivoire. The two institutions signed a memorandum of understanding in March 2016 and have since then implemented a joint roadmap to advance gender equality on the African continent. This steering committee meeting aimed to review progress and define next steps in the partnership. “UN Women and the African Development Bank are long-standing partners. We are pleased to be working hand in hand with the common purpose of improving women’s lives in Africa and addressing...
08-Feb-2019

Kenya: African Development Bank, Entreprenarium, kick off master classes for women entrepreneurs

A third round of two-week masterclasses on entrepreneurship, business development and financial management for women entrepreneurs organized by the African Development Bank in partnership with Entreprenarium, kicked off Thursday in Kenya, under the Bank’s flagship Affirmative Finance Action for Women in Africa (AFAWA) program. Two hundred Kenyan women entrepreneurs, who pre-qualified through an online process, were selected to attend the masterclasses. Entreprenarium specializes in providing business support and access to finance for women and young entrepreneurs across Africa. The...
11-Dec-2018

African Development Bank participates in Women Empowering Africa panel at Africa 2018 Forum

At the Africa 2018 Forum held in Sharm-El-Sheik from 8-9 December 2018, the role of women and young people in unlocking the economic potential of Africa took centre stage. The Forum is an international event hosted under the High Patronage of President Abdel Fattah Al Sisi of Republic of Egypt, aiming to promote greater economic integration through increased investment flows into Africa. Gathering more than 1,000 leaders in business and policy from across Africa and the world, including a delegation from the African Development Bank headed by President Adesina, the first day’s...
10-Dec-2018

Gabon : La Banque africaine de développement et Entreprenarium soutiennent 200 femmes entrepreneures, en partenariat avec la Confédération patronale gabonaise

La Banque africaine de développement et Entreprenarium ont noué un partenariat dans le cadre d’AFAWA (Initiative pour favoriser l’accès des femmes au financement en Afrique, acronyme en anglais) pour soutenir 1 000 femmes entrepreneures dans cinq pays africains. Ces deux organisations se sont associées à la Confédération patronale gabonaise (CPG) pour la mise en œuvre du programme au Gabon. Au cours des quatre prochains mois, des sessions de formation sur le développement d’entreprise et la planification financière seront conduites par Entreprenarium dans cinq pays : Côte d’...