Africa Investments 

Climate financing by leading multilateral development banks tops $61.6 billion

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance. The study expands the scope of reporting for the first time to all countries with multilateral development bank operations. It now provides data on MDB climate finance commitments beyond those directed solely at developing and emerging economies, but with the focus remaining on low- and middle-income countries. This year the…

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Africa Investments 

Making Finance Work for Africa and partners highlight the role of strong corporate governance in financial sector development

Making Finance Work for Africa (MFW4A), in partnership with KPMG International last week hosted a webinar on strengthening corporate governance for financial sector development in Africa. As the COVID-19 pandemic strains the resilience of Africa’s financial sector, the 28 July webinar highlighted the role of corporate governance in strengthening the financial sector to cope with different stages of the crisis. Major evolutions in corporate governance have often been driven by episodes of crisis or instability, resulting in the revisions and tightening of rules, the participants heard. Corporate governance is defined…

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Africa Investments 

Sashaying to success: Fashionomics Africa helps designers embrace the digital age

From a new digital marketplace to connect Africa’s creatives with global markets, to masterclasses to help designers share and learn, and webinars to inform and inspire: the African Development Bank’s flagship Fashionomics Africa initiative has taken great strides this year. The website and mobile app were unveiled at the Global Gender Summit in Kigali in November, to help Africa’s fashion designers, textile and accessories entrepreneurs grow their businesses, with a focus on women and young people. “It is all really for connecting business to business, businesses to consumers and ensuring…

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Africa Investments 

Sénégal : des populations de Ziguinchor accèdent à un assainissement amélioré grâce à un projet soutenu par la Banque africaine de développement

Le Projet d’amélioration de la gestion et de la valorisation des boues de vidange de Ziguinchor (PAGBZ), réalisé de 2013 à 2019, a favorisé l’accès aux services sécurisés d’assainissement aux populations des quartiers défavorisés de ce principal centre urbain situé au Sud-Ouest du Sénégal, à 455 km de Dakar. Avant ce projet, Ziguinchor connaissait des problèmes d’assainissement avec un faible taux d’accès aux toilettes (45 %), l’absence de service approprié de collecte des boues des fosses septiques existantes, poussant le déversement de tels déchets dans l’environnement sans traitement. Ainsi, les…

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Africa Investments 

African Development Bank presents findings of the Angola Green Mini-Grid Market Assessment

The African Development Bank hosted a webinar to present the findings and recommendations of the Angola Green Mini-Grid Market Assessment report, implemented through the Sustainable Energy Fund for Africa. The assessment was conducted with the technical assistance of Carbon Trust, in collaboration with the Government of Angola, and in consultation with key stakeholders such as development partners and private sector representatives. The report assesses key enabling factors required for large scale mini-grid development, as well as the overall potential of the mini-grid market in Angola, in alignment with the country’s…

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Africa Investments 

World experts gather for African ‘fireside chats’ to tackle humanity’s challenges

COVID-19 will come and go, yet other global problems, such as climate change and extreme poverty, will persist in its wake. The African Development Institute (ADI), was founded by the African Development Bank to be a focal point for capacity building in order to tackle such challenges. Prof. Kevin Chika Urama is its senior director. Under the auspices of its Global Community of Practice (G-CoP) platform, the ADI brings together global experts to develop evidence that can inform policy, strategies and technical assistance for African countries to arrest the COVID-19…

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Africa Investments 

Conversation with Marieme Esther Dassanou, Coordinator of the African Development Bank’s Affirmative Finance Action for Women in Africa programme

Marieme Esther Dassanou is the Coordinator of Affirmative Finance Action for Women in Africa (AFAWA) the African Development Bank’s flagship pan-African initiative, which aims to bridge the $42 billion financing gap facing women entrepreneurs in Africa. She previously led IFC’s Gender Secretariat’s work on advancing women’s inclusion in the insurance and financial sectors. In this interview, she outlines progress made with the AFAWA initiative and its future plans. You recently joined the African Development Bank as AFAWA coordinator. Can you tell us more about the initiative? AFAWA is a pan-African…

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Africa Investments 

Road to Annual Meetings: South African villagers find fresh water in ancient mountain springs

The village of Tsakhuma in the Vhembe district of South Africa’s Limpopo region is proof positive that communities can find solutions to their problems. Like many rural areas in South Africa, Tsakhuma lacked access to water for bathing, cooking, washing and chores, and the burden of fetching water fell on its girls and women. “There was a general water shortage all over Tsakhuma,” says villager Florence Negondeni. “We would sometimes go for weeks without access to water.” The problem arose, in Negondeni’s view, when district municipal authorities installed a new…

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Africa Investments 

For 20 million Africans first-time access to clean water is proving crucial amid COVID-19

From Mozambique in the south to Morocco in the north, 20 million people in rural and urban areas of Africa have gained access to clean drinking water for the first time, thanks to African Development Bank projects. A report by the Bank’s Independent Development Evaluation (IDEV) unit, which studied projects carried out since 2005, provides key lessons for improving the Bank’s water sector interventions and accelerating the longer-term transformation of Africa’s agriculture and health sector. IDEV conducted four evaluations related to the water sector: three project cluster evaluations (water supply…

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