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 Africa presents many challenges to doing business, but to those who are willing to learn and understand the intricacy of the Continent many benefits await www.africaglobalvillage.com

Africa Investments 

Burundi: $23 million from the African Development Bank Group to Develop the Agro-Pastoral Sector for the Youth and Women

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has greenlighted the award of a $23.26 million grant to Burundi to implement the Agro-Pastoral Entrepreneurship and Professional Development Project for the Youth and Women. The project, worth a total of $23.26 million, is financed by the Bank Group (87.9%) and the Government of Burundi, which is contributing $2.81 million,… Read More
Africa Investments 

African Development Bank, United Kingdom and London Market Insurers enter new risk transfer partnership for climate action

Elwin Mandowa,
The African Development Bank, the government of the United Kingdom and three globally recognized insurance companies have closed on a new and innovative risk sharing transaction known as the Room to Run Sovereign.   The Room to Run Sovereign transaction was structured with the intention of scaling up the African Development Bank Group’s commitments to climate finance by up to… Read More
Africa Investments 

Comoros: African Development Bank provides nearly €6 million to boost food production

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system.  The move comes as the country has experienced rising food prices due to the war in Ukraine. The grant funds will come from the African Development Bank’s Transition Support… Read More
Africa Investments 

Finance in Common: Let’s exploit the impetus around climate change to scale up agriculture – panelists

Elwin Mandowa,
Development lenders in Africa can seize the current global crises as an impetus to help the continent significantly increase food production. This was a common conclusion of panelists at this year’s Finance in Common summit in Abidjan on Wednesday. Participants agreed that development partners should work with governments and other policymakers to bolster the resilience of private businesses, especially those… Read More
Africa Investments 

Finance in Common summit closes as COP 27 beckons, development bank heads call for action to close development finance gap in Africa

Elwin Mandowa,
In advance of the 2022 United Nations Climate Change Conference (COP27) next month, public development banks meeting in Abidjan agreed on action points to tackle Africa’s climate finance gap. The third Finance in Common summit ended on Thursday amid calls on the delegates to turn their commitments to do more in development financing for Africa into actions. The African Development… Read More
Africa Business East Africa World 

Uganda’s Kasasa community gets savings and credit cooperative support

Elwin Mandowa, , , , , ,
– – Members of the Ugandan Kasasa community are benefiting from a savings and credit cooperative support to improve their livelihoods. The project by the InteRoots Initiative, a Denver, United States-based nonprofit organization with supporters from around the globe, has provided nearly $500,000 in unrestricted funding to the community for the project. The savings and credit cooperative has over 120… Read More
Africa Business Ghana West Africa World 

Ghana: Traders suspend closure of shops over economic crisis

Elwin Mandowa, , , , , , ,
– – Ghanaian traders on Friday suspended their strike action over worsening economic crisis in the West African nation. On Wednesday the traders mostly in the capital, Accra closed their shops to protest the high cost of doing business and general economic hardship. The leaders of the striking traders had said the shops would remain closed until Monday, October 24,… Read More
Africa Investments 

Finance in Common Summit 2022: Five Public Development Banks sign Paris Gender Declaration

Elwin Mandowa,
Five new public development banks have signed onto the Paris Development Banks Statement on Gender Equality and Women Empowerment Paris Development Banks Statement on Gender Equality and Women Empowerment. . The new signatories are CAF- Development Bank of Latin America; Development Bank of Rwanda; Cassa Depositi e Prestiti – Italian Investment Bank; Citizen Entrepreneurial Development Agency (CEDA); and the Dutch… Read More
Africa Investments 

AFAWA and Alliance for Financial Inclusion urge African Finance Ministers, Central Bank Governors to boost financial inclusion for Africa’s women-led…

Elwin Mandowa,
The African Development Bank’s Affirmative Finance Action for Women in Africa program, known as AFAWA, and the Alliance for Financial Inclusion introduced African Finance Ministers and Central Bank Governors to a new partnership set to increase financial inclusion for women-led enterprises across the continent. At a roundtable dinner held on the sidelines of the International Monetary Fund and World Bank… Read More
Africa Business World 

Facts about the Africa Palm Oil Initiative

Elwin Mandowa, , , , , ,
– – Globally, 1.6 billion people depend on forests for their jobs and livelihoods, while in many African countries 50–60% of the population work in agriculture. However, the Food and Agriculture Organization (FAO) estimates that the rate of deforestation between 2015 and 2020 was 10 million hectares per year; with agricultural commodities such as palm oil, rubber and cocoa being… Read More
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