Tag: Africa Banking

WHAT: Webinar on Earth Observation in Africa: Satellite Data Support for Weather, Hydrological and Climate Services WHO: The African Development Bank and EUMETSAT WHEN: Thursday, 24 September 2020 at 9.00 UTC and 13.00 UTC WHERE: Online – Registration here The webinar, organized by the African Development Bank, the Climate for Development in Africa Special Fund (CDSF), and the European Organization for the… Read More

There is an urgent need for financing to reenergize Africa’s trade in the wake of the COVID-19 pandemic, according to the latest trade finance report released jointly by the African Development Bank and the African Export-Import Bank. According to the report, only 40% of Africa’s trade is bank-intermediated – a far lower share than the global average of 80%. The… Read More

À Ndiemou, dans la région de Fatick, Marie Diouf a fait de la production de sel sa principale source de revenus. « Par le passé, je produisais environ 896 tonnes de sel par an. Aujourd’hui, grâce au financement de la Délégation générale à l’entrepreneuriat rapide (DER), j’ai pu faire des aménagements dans mon champs de sel, acheter des motopompes et avoir… Read More

The African Development Bank’s Board on Wednesday approved a grant of $2.1 million to boost the country’s resilience against climate related shocks and food insecurity. The funds, sourced from the African Development Fund, will go to provide technical and institutional support to strengthen Mauritania’s capacity to assess climate-related risk. The Bank is extending the funding under its Africa Disaster Risk… Read More

The Resolution of the Board of Directors of the African Development Bank, which established the Independent Review Mechanism (IRM) of the African Development Bank Group (AfDB), as amended in 2015, calls for the Boards of Directors of the AfDB to review the performance of the IRM every four years. The review draws on the lessons learnt by the IRM from… Read More

African leaders welcomed the opening of a regional office of the Global Center on Adaptation on Wednesday, voicing hopes it will spur the continent’s efforts to combat climate change. In speeches marking the virtual launch of GCA Africa, the leaders said the Center could also provide an impetus for a more resilient recovery after COVID-19, which they said had compounded… Read More

The Global Center on Adaptation today announced the launch of its regional office in Côte d’Ivoire. Hosted by the African Development Bank at its headquarters in the Ivorian capital Abidjan, GCA Africa will work with partners across the continent to scale and accelerate adaptation action that protects African communities from the impacts of climate change. GCA Africa will focus on… Read More

Experts at the 2020 Global Philanthropy Forum on Tuesday called for greater collaboration among funders to address the severe threat that climate change poses to Africa’s development. Participants highlighted the critical role of innovative approaches to mobilizing climate adaptation finance in Africa, in a session titled Inclusive Green Economies – Harnessing Opportunities and Innovative Solutions for Investments in Climate-Resilient Development… Read More

The African Leaders for Nutrition (ALN) have unveiled a position paper calling upon African Heads of State and Governments to ensure that financing for nutrition is included in their country’s COVID-19 response and recovery plans. The position paper, titled “Embedding Nutrition within the COVID-19 Response and Recovery,” was sent to African member states by His Majesty King Letsie III of… Read More

A panel of gender, nutrition and food specialists explored food access challenges that vulnerable groups such as women and children face in Africa’s urban areas, at the African Green Revolution Forum held last week.  The online discussion had an added urgency in the wake of the COVID-19 pandemic, according to organizers of Africa’s largest agriculture conference.  African Development Bank Director… Read More