Africa Investments 

Burkina : la filière du karité majoritairement féminine réalise plus de 60 millions de dollars d’exportations

Le Projet d’appui au développement intégré de la filière karité pour l’autonomisation économique des femmes (PADIFK), mis en œuvre entre 2016 et 2019 au Burkina Faso, a stimulé les exportations des produits du karité, selon un rapport de la Banque africaine de développement publié le 16 juillet. Le PADIFK, financé à hauteur de 993 000 dollars par un don du Fonds d’assistance au secteur privé africain (FAPA), avait pour objectif d’organiser, de structurer en organisations faîtières et d’accompagner le développement d’au moins 100 organisations réparties le long de la chaîne de…

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Africa Investments 

Innovative Financing Mechanisms for Doing Business with Africa

What: Conference on Innovative Financing Mechanisms for Doing Business with Africa Who: Confederation of Indian Industry, Ministry of External Affairs, India, African Development Bank, Absa Group Limited, ECOWAS Bank for Investment and Development, Canara Bank (Tanzania) Limited, Export-Import Bank of India When: Thursday, 30 July 2020, 7 am to 12.30 pm GMT Where: Virtual – Click here to register The conference will feature business-to-business discussions and an exclusive online exhibition to showcase various companies in India and Africa. There will be three sessions on (i) enhancing India-Africa development cooperation, (ii)…

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Africa Investments 

African Development Bank Regional Economic Outlook 2020: COVID-19 response and economic diversification crucial to growth recovery in Southern Africa…

A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for testing and to reduce the impact on households and the economy, the African Development Bank said in its new Southern Africa Regional Economic Outlook. In the worst-case scenario, growth in Southern Africa would fall to -6.6% in 2020 before recovering to 2.2% in 2021. Growth is projected at –4.9% in the baseline case, mainly driven by the deep recession in South Africa, induced by a fall in commodity…

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Africa Investments 

African Development Bank approves $27 million to boost African Union’s COVID-19 Response Initiative

The African Development Bank on Friday 24 July approved $27.4 million in grants to boost the African Union’s (AU) efforts to mobilize continental response to curb the COVID-19 pandemic. The approval comes on the heels of a meeting of the extended Bureau of the AU Conference of Heads of State and Government with Africa’s private sector on 22 April 2020, chaired by President Cyril Ramaphosa of South Africa, who is the current chairperson of the AU. African Development Bank President, Akinwumi Adesina, who attended the meeting, pledged strong support for…

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Africa Investments 

Djibouti: African Development Fund commits $41.16 million in grants to shore up COVID-19 response

The African Development Bank on Friday approved grants worth about $41.16 million to Djibouti to bolster the national budget in support of government efforts to mitigate national and regional impacts of the COVID-19 pandemic. The funding will take the form of an African Development Fund grant for $4.12 million and a $37.04 million grant from the Bank’s Regional Operations Envelope. The Bank is providing the funding under its COVID-19 Response Facility. “It is the first time the Bank is leveraging the Regional Operations resources for a budget support operation. This…

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Africa Investments 

Somalia: African Development Bank grants of $25 million will bolster budget for COVID-19 responses

The African Development Bank today approved grants worth  $25.1 million to Somalia to bolster the national budget for government efforts to mitigate national and regional impacts of the COVID-19 pandemic. The funding, comprised a $10.04 million  grant from Pillar 1 of the Bank’s Transition Support Facility and a $15.06 million grant from the Regional Operations Envelope, comes under the umbrella of the Bank’s COVID-19 Response Facility. “It is the first time the Bank is leveraging the Regional Operation Envelope resources for a Budget Support Operation. This approach was pertinent to…

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Africa Investments 

Rwanda: African Development Bank commits $98 million for multisector COVID-19 response

The African Development Bank on Thursday approved a concessional loan of $97.675 million to Rwanda to strengthen its national budget as it works to mitigate impacts of the COVID-19 pandemic. The funding will take the form of an African Development Fund loan, which the Bank is providing the under its COVID-19 Response Facility. Rwanda mounted a swift and decisive response to counter the effects of the pandemic that included social distancing, suspension of domestic and international travel, remote working, and on 21 March, a total lockdown of the country. However,…

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Africa Investments 

African Development Bank Group supports Ghana’s COVID-19 response plan with $69 million grant

The Board of Directors of the African Development Fund (ADF) on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the nation. The grant from the ADF, the concessional arm of the African Development Bank, will provide fiscal budget support to finance the government’s national COVID-19 Emergency Preparedness and Response Plan, and Coronavirus Alleviation Program. Specifically, the funds will help to upgrade the capacity of healthcare facilities to isolate, diagnose and care for patients, and provide more test…

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Africa Investments 

Webinar: Efficient Corporate Governance for Financial Sector Development

What: Webinar on “Efficient Corporate Governance for Financial Sector Development” Who: Making Finance Work for Africa (MFW4A) Partnership & KPMG When: Tuesday, 28 July 2020 at 1pm GMT Where: Online – Zoom, Click. Registration is free The African Development Bank’s Making Finance Work for Africa (MFW4A) Partnership and KPMG, including subject expert Thierry Mbimi, will host a webinar on  corporate governance on Tuesday, 28 July 2020. The webinar will run from 1.00 pm to 2.15 pm GMT and  focus on the importance of corporate governance to strengthen the resilience of the…

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Africa Investments 

Financial, development and humanitarian arms provide $20 million to curb the impact of COVID-19 on refugees and their hosts in the Sahel

Public health, the wellbeing of refugees and the host communities in the Sahel are at the heart of the latest tripartite agreement between the African Development Bank (AfDB), UNHCR, the UN Refugee Agency and the G5 Sahel signed today. The agreement enables a critical $20 million COVID-19 response across the five countries of the Sahel region. Financed by the African Development Fund, the project will allow the Governments of Burkina Faso, Chad, Mali, Mauritania and Niger – which make up the G5 Sahel regional cooperation and coordination framework – to…

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