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African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Gender in Focus: African Development Bank’s Digital Ambassadors Program training boosts Senegalese entrepreneur business performance, service to community

The program, which aims to achieve a 50/50 gender balance, is expanding digital skills to African youth - especially in rural communities - through a peer-to-peer training model

Senegalese entrepreneur Fatou Diouf is one of 1,000 youth selected from 21,000 applicants for the African Development Bank’s (www.AfDB.org) Digital Ambassadors program (https://apo-opa.info/3G3kuTu). The program, which aims to achieve a 50/50 gender balance, is expanding digital skills to African youth - especially in rural communities - through a peer-to-peer training model. For…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Egyptian African Business Association Meets with team from African Development Bank Country Office

The teams discussed areas to support Egyptian businesses’ expansion into the rest of Africa and ways to benefit from Bank-funded operations

The African Development Bank’s (http://www.AfDB.org) new Country Manager for Egypt, Abdourahmane Diaw, has received a delegation from the Egyptian African Business Association (EABA). The visit, led by Dr. Yousry El Sharkawy, chairman of the association, took place on 14 March. He was accompanied by Dr. Mohamed Mandour, head of the…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Mauritania: African Development Bank and Bank for Trade and Industry (BCI) Group Sign US$ 485,000 Affirmative Finance Action for Women in Africa (AFAWA) Technical Assistance Agreement to Promote Financial Inclusion of African Women's Enterprises

The project aims to strengthen BCI’s financing capacity for trade and industry and to better support women small and medium enterprises in Mauritania, Mali, Senegal and Guinea

The African Development Bank (www.AfDB.org) and the Bank for Trade and Industry (BCI) of Mauritania have signed a $485,000 technical assistance agreement for the Affirmative Finance Action for Women in Africa (AFAWA) program which aims at promoting women's access to finance in Africa. The agreement was signed by Mohamed El…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Liberia: African Development Fund grant to modernise payments infrastructure and systems

The project’s primary objective is to strengthen the payments ecosystem in Liberia for increased efficiency and to foster growth and innovation

The African Development Fund’s Board of Directors has approved $3.9 million grant to finance upgrade of Liberia's payments infrastructure and systems project. The approval of the grant from the Bank’s concessional lending window, was made on 17 March. The project’s primary objective is to strengthen the payments ecosystem in Liberia…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Kenya: African Development Bank approves $30 million Trade & Small and Medium Enterprises (SME) Finance Facility for Family Bank Limited

The facility is expected to boost intra-Africa trade, promote regional integration and contribute to the reduction of the trade & SME finance gap in the East African nation

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $30 million Trade & SME Finance Facility for Family bank Limited (FBL) in Kenya. The facility is expected to boost intra-Africa trade, promote regional integration and contribute to the reduction of the trade & SME finance…

African Development Bank Group (AfDB)

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    • Africa Investment Forum Senior Director Chinelo Anohu ( 5th from left, poses with US Ambassador to Cote d'Ivoire Jessica Davis ( fourth from left) and women businesses leaders, March 8 2023 Abidjan
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Source: African Development Bank Group (AfDB) |

International Women’s Month 2023: Abidjan-based women Investment Champions share their journeys with Africa Investment Forum

They also opened up about their expectations of AIF as a catalyst and facilitator of financing for women

The Africa Investment Forum (https://www.AfricaInvestmentForum.com/) marked International Women’s Day by hosting a special evening session for African women business leaders and innovators under its “Women as investment Champions pillar”. Founded in 2019 by the African Development Bank and seven other founding partners, the Forum is a fully transactional, multi-stakeholder, multi-disciplinary…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank debars Ogon-Asu Company Limited and Mr. William Tuku Ogon for 15 months for fraudulent and obstructive practices

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Ogon-Asu Company Ltd. engaged in fraudulent practices

The African Development Bank Group (http://www.AfDB.org), on 9 March 2023, announces a 15-month debarment of Ogon-Asu Company Ltd. and its Chief Executive Officer, Mr. William Tuku Ogon, with effect from 24 February 2023. Ogon-Asu Company Ltd. is a construction company registered in the Federal Republic of Nigeria. An investigation conducted…

African Development Bank Group (AfDB)

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    • AgriPitch Competition winner Adja Sembene Fall, earned $25,000 in seed money for her Contanna Tea Company
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Source: African Development Bank Group (AfDB) |

Gender in Focus: Senegalese “Agripreneur” and African Development Bank AgriPitch Competition winner says digital marketing key to luxury tea startup success

The competition, which this year awarded $140,000 in prizes, is a key activity of the Bank’s ENABLE Youth Program

Senegalese businesswoman Adja Sembene Fall said she had no choice but to launch her start-up business online because her new Contanna fair-trade tea company only had $200 to its name. “Due to [lack of] finance, it was not possible to get a physical shop. We started out in the backyard…

African Development Bank Group (AfDB)

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    • AfDB staff with team of the Egyptian Commercial Services, co-organizers of the first industrial and trade business opportunity Seminar, Cairo, 22 February 2023
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Source: African Development Bank Group (AfDB) |

African Development Bank Holds First Industrial and Trade Business Opportunity Forum in Egypt

Egyptian businesses keen to increase business and deepen integration with other African countries

The African Development Bank (www.AfDB.org), in collaboration with the Egyptian Commercial Services (ECS) department of the Egyptian Ministry of Industry and Trade, has ended its first Industrial and Trade Business Opportunity Seminar (IT-BOS) dedicated to establishing business relationships with Egyptian manufacturers and exporters. The one-day seminar, held on 22 February,…

African Development Bank Group (AfDB)

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    • African Development Bank partners with African Hidden Champions Initiative of Africa Foresight Group (AFG) and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) to further regional industrialization (1)
    • African Development Bank partners with African Hidden Champions Initiative of Africa Foresight Group (AFG) and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) to further regional industrialization (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank partners with African Hidden Champions Initiative of Africa Foresight Group (AFG) and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) to further regional industrialization

The African Hidden Champions initiative has become a leading international platform for showcasing and connecting Africa’s most promising companies

The African Development Bank (www.AfDB.org) will partner with African Hidden Champions (www.AfricanHiddenChampions.co) in support of its efforts to promote the growth of African companies and aid their transformation into global champions. African Hidden Champions, co-founded by Africa Foresight Group (AFG) (www.AfricaForesight.com) and the German Investment Corporation, DEG - Deutsche Investitions-…