Tag: Africa Banking

The upward trend in African countries liberalizing their visa regimes and welcoming African travelers continues, according to the 2020 Africa Visa Openness Index published by the African Union Commission and African Development Bank on Thursday. This fifth edition of the Index highlights the negative impact of the COVID-19 pandemic, which threatens to reverse Africa’s economic gains of recent years, affecting… Read More

In order to recover rapidly from COVID-19, Africa must focus on building sustainable health, education and food industries, with income support for women, attendees at the opening ceremony of this year’s African Economic Conference (AEC) heard on Tuesday. The virtual 2020 AEC, titled Africa beyond COVID-19: Acceleration towards inclusive and sustainable development, has rallied together leaders and experts to examine… Read More

Heads of four regional development banks (RDBs) meeting virtually on Tuesday reaffirmed their commitment to working together to build back better in the wake of the COVID-19 pandemic. The meeting was hosted by African Development Bank President Akinwumi Adesina, the outgoing chair of the group. He was joined by Odile Renaud-Basso, new President of the European Bank for Reconstruction and… Read More

Le Projet d’appui à la transformation du Centre africain de formation et de recherche administratives pour le développement (PAT-CAFRAD), mis en œuvre entre mars 2017 et septembre 2020, a permis de renforcer les capacités institutionnelles du Centre basé à Tanger, au Maroc, et d’en faire un outil de coopération régionale de référence. Le projet a été financé à hauteur de… Read More

The International Renewable Energy Agency (IRENA) and the African Development Bank have agreed to jointly support investment in low carbon energy projects, a move expected to advance Africa’s energy transition. The two entities signed a Declaration of Intent to coordinate on a range of activities, including co-organizing renewable energy investment forums as part of IRENA’s contribution to the Climate Investment… Read More

The Partnership for Making Finance Work for Africa (MFW4A) will host its virtual Annual General Assembly from 9-10 December 2020. The two-day meeting will take place during an unprecedented global economic and social environment resulting from the pervasive effects of the COVID-19 pandemic. As African governments across the continent continue to address the COVID-19 pandemic and economic fallout, the current… Read More

WHAT: African Economic Conference 2020: Africa beyond COVID-19: acceleration towards inclusive sustainable development WHO: Economic Commission for Africa (ECA), the United Nations Development Programme (UNDP), The African Development Bank (AfDB) WHEN: 8 -10 December 2020 WHERE: Virtual conference The 2020 edition of the African Economic Conference, jointly organized by African Development Bank (AfDB), the Economic Commission for Africa (ECA) and… Read More

The Board of Directors of the African Development Bank has approved a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) to establish the COVID-19 Off-Grid Recovery Platform (CRP). The $50 million blended finance initiative, will provide relief and recovery capital to energy access businesses, supporting them through and beyond the pandemic. The platform is anchored on… Read More

Africa’s aviation industry represents a huge market that the continent’s airlines need to exploit more fully, with technology and AI offering the way forward for expansion, regional development experts said Thursday. “Technology and smart technologies are offering this fantastic opportunity, so let’s make use of AI, let’s make use of the Internet of Things, let’s capacitate our people to revamp… Read More

The African Development Bank celebrated 40 years of evaluating its development efforts, taking the opportunity to reflect on the challenges around monitoring and evaluating progress in the SDGs. The discussions marked Evaluation Week, a biennial event on development evaluation hosted by the Independent Development Evaluation unit at the Bank on Wednesday. The event brings together the Bank’s shareholders, management and… Read More