Tag: Africa Banking

With an initiative funded by the KOREA-AFRICA ECONOMIC COOPERATION (KOAFEC) focused on waste management, the African Development Bank aims to accelerate the circular economy in Africa, a model which aims to minimise waste and maximise value from resources through the recovery and regeneration of products at the end of their typical service life.  The rationale for the initiative, entitled “Development… Read More

The Board of Directors of the African Development Bank has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for a new technical assistance initiative meeting the needs of the continent’s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Acceleration Programme (AMAP), which aims to expand private mini-grid investment on the African continent, will include three core components: the implementation… Read More

The Board of Directors of the African Development Bank Group on Wednesday approved the Lusophone Compact Guarantee Program (LCGP or the Compact), with a maximum risk exposure of up to EUR400 million. The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in its Portuguese-speaking African member countries. The program is designed for new… Read More

The African Development Bank’s Board of Directors on Monday 14 December 2020 approved $15 million from the Sustainable Energy Fund for Africa (SEFA) and $10 million from the Clean Technology Fund (CTF) to  advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan Africa. SEFA’s contribution will comprise a package of $10 million in equity… Read More

La Banque africaine de développement a organisé, du 14 au 16 décembre, un atelier virtuel sur le Renforcement des capacités institutionnelles et clinique fiduciaire (RICF) au Tchad afin d’accroître la performance de son portefeuille-pays dans ce pays du Sahel. Cet atelier, placé sous la coordination de l’Institut africain de développement (ECAD), s’est déroulé en visioconférence, en collaboration avec le bureau… Read More

The African Development Bank announced $90 million in new donor commitments for the Sustainable Energy Fund for Africa (SEFA) during a virtual launch event held on Monday, in which SEFA’s transformation into a Special Fund was also unveiled. The new SEFA Special Fund is expected to expand,  be more flexible, as well as more responsive to Africa’s fast changing energy… Read More

Africa must leverage investment to unleash the potential and ingenuity of its youth, its most important asset, African development Bank President Akinwumi Adesina said at a Conference of Montreal fireside chat event. The three-day virtual event was organized by the international economic forum of the Americas, under the theme, a sustainable recovery for people and planet. During the fireside chat,… Read More

The African Development Bank is pleased to announce the appointment of Mr. Simon MIZRAHI as Acting Director, Communication and External Relations Department (PCER), effective 16 December 2020. Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division. Before joining the African Development Bank, he worked for the Organisation for Economic… Read More

The African Development Bank is pleased to announce the appointment of Ms. Aissa Touré as Country Manager for Rwanda. An economist and development expert, Aissa Touré, the Country Manager designated for Rwanda, a Senegalese national, brings to the Bank over 25 years of experience, working in three continents and 12 countries for 5 international organizations. Aissa’s work experience covers rural development,… Read More

AfDB Appoints Mr Gauthier Bourlard as Director and Special Advisor for Multilateral Development Banks, International Financial Institutions and Non-Regional Shareholders Relations, Office of the President | African Development Bank – Building today, a better Africa tomorrow <!– African Development Bank Group Read More