Tag: African Development Bank

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

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

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

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

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

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

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

Heads of public development banks on Wednesday underlined the critical need to build resilience for fragile countries and to boost African countries’ capacity to tackle global emissions in a sustainable manner. Stressing the need to forge even stronger cooperation, they said the third Finance in Common Summit, held for the first time in Africa, would be proof of commitment to… Read More

What:      Launch of Special Agro-industrial Processing Zones Phase One Nigeria Who:       The President of Nigeria, government officials, investors, and leaders of the following financial institutions: The African Development Bank The Islamic Development Bank The International Fund for Agricultural Development When:   Monday, 24 October 2022 at 10:00 am WAT               Tuesday, 25 October 2022 at 2:00 pm WAT Where:  Statehouse,… Read More

Ahead of Wednesday’s official opening of the Finance in Common Summit (FiCS) 2022 in Abidjan, speakers at a research conference side event called for a new global financial architecture to tackle the impact of global shocks on developing countries.  They said it should include innovative ways to unlock greater investments from the public and private sectors. The third Finance in… Read More