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Tag: Africa Banking

Investments 

En Égypte, une jeunesse innovante transforme l’avenir de l’Afrique

Elwin Mandowa,
Le jour se lève à peine dans la ville côtière de Baltim, à 200 kilomètres au nord du Caire. Ahmed Abdel Salam, jeune homme d’une vingtaine d’années, est déjà dans le laboratoire de son entreprise Fish Powder Protein. Une jeune start-up spécialisée en aliments pour poissons d’élevage qu’il a fondée en 2019 dans sa ville natale. Perché sur une échelle,… Read More
Africa Investments 

In Egypt, young innovators are transforming Africa’s future

Elwin Mandowa,
The sun has barely risen on the seaside village of Baltim, 200 km north of Cairo and  twenty-year-old Ahmed Abdel Salam is already at his laboratory – a start-up factory that has since 2019, been producing fish feed for supply to aquaculture businesses in the Delta region From atop a ladder, Ahmed observes a school of tilapia swimming in an… Read More
Africa Investments 

African Development Fund approves $9.52 million to enhance coordinated COVID-19 response in East and Horn of Africa and the Comoros

Elwin Mandowa,
The Board of Directors of the African Development Fund (ADF) have approved grants totaling $9.52 million to strengthen responses to the COVID-19 pandemic in East Africa and the Horn, and in the Comoros. The grant, approved on 26 June, is part of the $10 billion COVID-19 Rapid Response Facility (CRF) approved by the Board of Directors in April 2020 and… Read More
Africa Investments 

Appointment of Souley Amadou as Acting General Counsel and Director of the Legal Service Department

Elwin Mandowa,
The African Development Bank is pleased to announce the appointment of Mr. Souley Amadou as Acting General Counsel and Director of the Legal Service Department, effective 1 July 2020. A transactional lawyer with a Ph.D. in banking and finance law from Clermont-Ferrand university, in France, Souley Amadou has over 24 years of substantive legal work experience, including 20 years spent… Read More
Investments 

Development Finance Institutions commit to support Sudan’s transformation

Elwin Mandowa,
Three leading international financial institutions, the African Development Bank, the World Bank, and the International Monetary Fund (IMF), on Thursday pledged  multi-pronged support to Sudan as it opens a new chapter to overcome political and economic challenges. At a high-level Sudan Partnership Conference held virtually and hosted in Berlin on 25 June, the three multilateral organizations and several governments affirmed… Read More
Investments 

“One” WASH program improves well-being of vulnerable communities in Ethiopia

Elwin Mandowa,
Ethiopia’s ‘One’ model, under which the government runs its Water, Sanitation and Hygiene ( WASH ) National Program, has steadily improved the well-being of the country’s rural and urban communities, top local officials say. “The ‘One’ here means we have one account, one budget and one report in one consolidated WASH Account,” says Tadesse Masresha, Coordinator for the Regional WASH… Read More
Investments 

Cameroun : la Banque africaine de développement et son partenaire améliorent la qualité de vie des populations de Kribi

Elwin Mandowa,
Nadège Biwong est institutrice à l’école publique de Mpologwe 2 à Kribi, ville balnéaire au sud du Cameroun. Depuis deux ans, elle dispense des cours aux élèves du cours moyen du cycle primaire. « Avant la construction de l’école par la Kribi Power Development Company – KPDC, les enfants parcouraient près de 5 kilomètres pour être scolarisés. Et pour ceux… Read More
Investments 

International community shows strong support for Sudan with $1.8 billion pledge

Elwin Mandowa,
Over $1.8 billion dollars in pledges for Sudan poured in during a high-level Sudan Partnership Conference held on Thursday, 25 June 2020, marking an important step in the African nation’s re-engagement with the international community. African Development Bank President, Akinwumi Adesina, and the World Bank and the International Monetary Fund chiefs attended the Conference, which was co-hosted by the Republic… Read More
Investments 

Gabon: African Development Bank approves 100.5 million euros budget support for COVID-19

Elwin Mandowa,
The Board of Directors of the African Development Bank has approved a 100.5 million euros loan to the government of Gabon as budget support to mitigate against the effects of the COVID-19 outbreak. The loan will support the central African nation’s Budget Support Programme in Response to the COVID-19 Crisis or PABURC, which aims to strengthen the health system and… Read More
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