Making Finance Work for Africa Partnership

20-Jun-2019

African Development Bank, MFW4A and BMZ/GIZ host International Workshop on Africa’s Trade Finance Market

The African Development Bank, Making Finance Work for Africa (MFW4A) and the German Cooperation (BMZ/GIZ) held a two-day international workshop in Frankfurt, Germany, to improve participants’ understanding of trade financing in Africa. The workshop, themed: “The Consolidation of International Correspondent Banking Relationships in Africa,” was attended by representatives of the main correspondent banks operating in Africa - Commerzbank, Deutsche Bank, Standard Chartered Bank, standard-setting bodies (FSB, SWIFT, GLEIF) and other international stakeholders. Its purpose was to discuss...
29-Apr-2019

La Banque africaine de développement promeut l’intégration du secteur financier en Afrique du nord

La Banque africaine de développement, en collaboration avec le Partenariat « La Finance au service de l’Afrique » (MFW4A), organise, les 27 et 28 février à Tunis, un dialogue portant sur le développement et l’intégration du secteur financier en Afrique du nord. Cette dernière étape tunisienne d’une série de quatre évènements régionaux entend offrir aux institutions financières nationales et aux organismes de financement du développement un cadre d’échange permettant une compréhension mutuelle des besoins et une meilleure appréciation du type de soutien à apporter. Elle comporte...
08-Apr-2019

Making Finance Work for Africa (MFW4A) Announces Revamped Website

Making Finance Work for Africa is proud to announce its newly redesigned website, www.MFW4A.org.  “We are excited about our new website and the improved access it provides users to our resources,” said MFW4A Coordinator, David Ashiagbor. “For anyone looking for relevant information related to financial sector development on the continent, the newly designed website allows for an enriching and user-friendly experience.” In addition to the user-friendly design, new functions and features have been implemented. “We focused on making our content more accessible,” said Boipelo...
03-Nov-2016

The African Development Bank to partner with Standard Chartered Bank and tackle financial crime

The AfDB and Standard Chartered Bank (SCB) will jointly organize a 1-day interactive workshop on November 3, 2016 at the CCIA, in Abidjan, Cote d’Ivoire. Led by the Financial Sector Development Department’s Trade Finance team and in close collaboration with Making Finance Work for Africa (MFW4A), the workshop will bring together client-facing, legal, compliance and operations staff from banking institutions from several countries in West Africa such as Cote d’Ivoire, Cameroun, Gabon, Gambia and Senegal. The workshop is designed to be broad-based as employees at various levels in the...
31-May-2013

2nd Making Finance Work for Africa Advisory Council Meeting

Shapers of Africa’s financial sector development gathered this year at the Annual Meetings of the African Development Bank Group held in Marrakech, Morocco, from May 27-31. Representatives of African Finance Ministries, Central Banks, the private sector, and pan-African institutions used the occasion to engage each other and observers from the international development community in discussions on the development of Africa’s financial sector. The Partnership for Making Finance Work for Africa (MFW4A) is an initiative established to support the efforts of African countries to accelerate...
26-Sep-2011

The achievement of the 2011 Making Finance Work for Africa Partnership Forum

Tunis, Tunisia, 22 September 2011 – The Making Finance Work for Africa (MFW4A) held its 2011 Partnership Forum from the 15th to the 16th of September in Addis Ababa, Ethiopia. The 2011 MFW4A Partnership Forum was hosted by the United Nations Economic Commission for Africa (UNECA) and organized with the support of the African Union (AU). The MFW4A Partnership Forum was the second conference of high-level financial sector development professionals, stakeholders and development partners since the one held in Ghana in 2008. The 2011 Partnership Forum’s discussions revolved around...
15-Sep-2011

Launch of “Financing Africa: Through the Crisis and Beyond”

On 15 September 2011, the Partnership for Making Finance Work for Africa (MFW4A) will officially launch a new flagship publication, “Financing Africa: Through the Crisis and Beyond” in Addis Ababa.   The publication takes a fresh look at Africa’s financial systems in the light of major changes that have taken place in the global financial structure in the wake of the 2008 world financial crisis. It is a joint publication from the African Development Bank (AfDB), the World Bank, and Germany’s Federal Ministry for Economic Cooperation and Development.  The authors are Thorsten...
15-Sep-2011

2011 Making Finance Work for Africa Partnership Forum

More than 300 senior-level financial sector practitioners from over 40 countries will meet at the Making Finance Work for Africa (MFW4A) 2011 Partnership Forum hosted at the United Nations Economic Commission for Africa (UNECA) and with the support of the African Union (AU) in Addis Ababa, Ethiopia from the 15th -16th  September 2011. Since organizing the first Making Finance Work of Africa Partnership Forum in June 2008 in Accra, Ghana, “Competition and innovation are contributing substantially to the development of African financial systems as new players and products, often enabled...
12-Sep-2011

Fragile Countries Must Lead in Peacebuilding and Statebuilding

In closing intensive discussions on peacebuilding and statebuilding in Africa, African leaders and assembled experts called for new peace- and statebuilding goals to guide global aid and country level action. They stressed the importance of shared assessment and management of risk to support transitions out of fragility and increase investments in country systems and local capacity. The final communiqué said, “We also need stronger ownership, leadership and transparency from fragile countries in assessing their situation of fragility and to develop visions and plans to build...
06-Jun-2011

AfDB-World Bank Study: The African Financial Sector Needs More Competition

To grow and improve its productivity, the African financial system needs more competition, say experts at the African Development Bank (AfDB) and the World Bank. In a book titled Financing Africa: Through the Crisis and Beyond, published by Making Finance Work for Africa, an organization hosted by the AfDB, experts argue that increased competition would promote financial innovation and the adoption of new products and new technologies; this would ensure better service to customers and an expansion of these services to new clienteles. How to get there? By way of regulation. "Fostering...
02-Nov-2010

“Financing Africa: Through the Crisis and Beyond” - Consultation Workshop

The impact of the financial crisis and the state of financial sector development in North Africa – these were the topics that Issa Faye of the African Development Bank’s research department presented at the “Financing Africa” consultation workshop held during the just-concluded African Economic Conference (AEC) in Tunis. Mr. Faye, one of four authors of the book “Financing Africa: Through the Crisis and Beyond”, which will be published in 2011, pointed out the main barriers the financial sector was facing, as well as possible reforms to foster its development in the...
24-May-2010

MFW4A Launches Website at Annual Meetings

The Making Finance Work for Africa Partnership Secretariat (MFW4A) on Monday, 24 May 2010, launched its web site: www.mfw4a.org in Abidjan, Côte d’Ivoire. The event took place ahead of the AfDB Annual Meetings scheduled to take place from27-29 May in the Ivorian capital. MFW4A, whose secretariat is being hosted by the AfDB, is an initiative that aims at supporting economic growth efforts by African countries by encouraging and facilitating the financial sector’s development. The website is a recent information platform on this sector, providing in-depth information by subject...
19-Apr-2010

Making Finance Work for Africa Launches www.mfw4a.org

The Making Finance Work for Africa Partnership launched today www.mfw4a.org, a website that, for the first time, centralizes knowledge, news, and opinions on African financial sectors. The Making Finance Work for Africa Partnership was established to coordinate financial sector development efforts on the continent amongst African governments, the private sector, and development organizations. Hosted by the African Development Bank in Tunis, the MFW4A Secretariat facilitates coordination of development projects, manages the website and advocates for financial sector development. “I...
08-Sep-2009

Conference on “Promoting Financial Capability and Consumer Protection - A Step Forward Towards Financial Inclusion in Africa”

Up to 150 stakeholders from the public and the private sector will attend the two-day conference. The key topics will be introduced in presentations and panel discussions and will be further discussed in smaller working groups. The second day will also host a market place of ideas and exhibitions. Objectives of the Conference The objectives of the conference are to: Provide a platform for peer-to-peer learning and to discuss whether and how financial inclusion can be strengthened by promoting fi nancial capability and consumer protection; Share and learn from individual country...
10-May-2009

Making Finance Work for Africa

Ahead of the Annual Meetings scheduled to take place from May 13-14, 2009, the African Development Bank (AfDB) Group has organized a conference on the theme: “African Capital Markets / Making Finance Work for Africa.” The objective is to liberalize the potential of the financial sector for Africa’s development. Africa’s financial sector has not yet reached its potential as a growth factor.  The AfDB seeks to bring African governments, development partners and private sector players for them to pool their efforts in order to fully exploit the financial sector’s capacity. They want the...
15-Dec-2008

AfDB and the Netherlands: Agreement to support MFW4A

The AfDB and the Government of The Netherlands signed on December 5, 2008, in Tunis an agreement related to the Dutch contribution to the Partnership Secretariat of Making Finance Work for Africa (MFW4A). With their signatures, Rita Rahman, The Netherlands Ambassador to Tunisia, and Vice President Sector Operations Zeinab El Bakri, confirmed the Dutch contribution of Euro 100.000 to contribute to the budgetary needs of the annual work plans of the MFW4A Partnership Secretariat.  The signing ceremony was witnessed by the Executive Director for Germany, the Netherlands, Portugal and...
10-Dec-2008

The Netherlands Ambassador in Tunisia, Mrs. Rita Rahman

Question: What does your country expect from the Bank after signing this agreement on its contribution to the Partnership Secretariat of "Making finance work for Africa"? Answer: As you know, the current worldwide financial crisis  and consequently an economic slowdown globally, is dominating the headlines for months now.  The Netherlands  should not and will not forget Africa in this situation. Africa is the most important partner for European Union countries and for my country in particular. The  Netherlands has played a particular constructive role as a...
17-Nov-2007

"It is an African priority that the financial sector be strengthened"-Interview with Gabriel Negatu, AfDB Director, Governance and Financial Reforms

The AfDB, the World Bank and other partners are involved in a new initiative: "The Partnership for Making Finance Work for Africa" Only 20% of the African population have access to financial services The African Development Bank Group, the World Bank and other partners are working on a major initiative aimed at strengthening the financial sector’s contribution to economic growth and the well-being of the continent’s population. The AfDB Director for Governance and Financial Reform, Gabriel Negatu, sheds light on the Partnership for Making Finance Work for Africa in an interview with...