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African Development Bank Group (AfDB)

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    • Digital financial solutions are key to reducing the gender access-to-finance gap in Africa
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Source: African Development Bank Group (AfDB) |

We-Fi announces New Round of Funding for Women Entrepreneurs; $15 Million to the Africa Digital Financial Inclusion Facility to Improve Access to Finance for Women-owned Small Businesses

The funds will enable the Africa Digital Financial Inclusion Facility to design and implement programs to improve digital access to finance for women entrepreneurs

The Women Entrepreneurs Finance Initiative (We-Fi)  has announced a new round of funding under which the African Development Bank’s (www.AfDB.org) Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This…

African Development Bank Group (AfDB)

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    • The Bank’s investment is expected to accelerate the creation of a new class of successful African entrepreneurs that will serve as a model to younger innovators
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Source: African Development Bank Group (AfDB) |

Multinational: African Development Bank earmarks €10 million equity investment to drive technologies in the wake of Covid-19

The Bank’s investment is expected to accelerate the creation of a new class of successful African entrepreneurs that will serve as a model to younger innovators

The Board of Directors of the African Development Bank (www.AfDB.org) has approved an equity investment of €9.8 million to support venture capital investments in African start-ups, from seed to growth stages. Of the equity investment, €7 million will be sourced from the African Development Bank’s own resources; the additional €2.8…

African Development Bank Group (AfDB)

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    • Muluneh Bonsa, deputy manager of a solar site in rural Ethiopia, says the African Development Bank Group-funded initiative is helping rural Ethiopians gain access to clean water. Ethiopia will also benefit from the flagship Desert to Power initiative
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Source: African Development Bank Group (AfDB) |

African Development Fund approves $5.5 million grant to fund phase two of flagship Desert to Power energy project in Djibouti, Eritrea, Ethiopia and Sudan

Known as the East Africa Regional Energy Project, it will be financed through the ADF-15 Regional Public Good window of the African Development Fund

The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power (https://bit.ly/3O29ZC1) initiative in the Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan. Known as the East Africa Regional Energy Project, it…

African Development Bank Group (AfDB)

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    • His Highness Sheikh Maktoum Bin Mohammed Al Maktoum, Dubai’s Deputy Ruler, Deputy Prime Minister and Minister of Finance of the United Arab Emirates, and the African Development Bank chief, discussed strategic opportunities that would strengthen economic ties between the UAE, the Bank, and Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President wraps up three-day visit to the UAE

The visit explored potential partnerships for strategic investment in Africa between the African Development Bank Group and the UAE

African Development Bank Group (www.AfDB.org) President Dr Akinwumi A. Adesina wrapped up an official visit to the United Arab Emirates on Friday. The three-day visit covered engagements in Dubai and Abu Dhabi. The visit—which took place alongside the World Government Summit and the closing days of Expo 2020 Dubai—explored potential partnerships…

African Development Bank Group (AfDB)

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    • Dr. Akinwumi A. Adesina, President of the African Development Bank (left) and Gwede Mantashe, South Africa's Minister of Minerals and Energy, held a bilateral meeting on 25 March 2022
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Source: African Development Bank Group (AfDB) |

South Africa’s energy transition needs full financial support, says African Development Bank Group President

The African Development Bank estimates that South Africa would need more than $30 billion for transition to renewable energy

African Development Bank Group (www.AfDB.org) President Dr Akinwumi Adesina has assured South Africa of the Bank’s strong support as the country transitions from fossil fuel to renewable energy. Adesina told Minister for Mineral Resources and Energy, Gwede Mantashe, that the Bank was in the process of setting up an African…

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

Ghana: Report warns that climate risks could cost Ghana’s transport sector $3.9 billion, but roadmap offers hope

The potential damage of $3.9 billion is thrice the investment of $1.3 billion made in the sector in 2019, according to the study

A new report (https://bit.ly/3IGhhrt) estimates that by 2050 climate risks could cause damage worth $3.9 billion in Ghana’s transport sector. But the report also offers a roadmap that could prevent the worst from happening. It also highlights extensive efforts by the government to counter climate risks. The potential damage of…

African Development Bank Group (AfDB)

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    • Lionesses Digital Transformation Playbook for Africa’s Women Entrepreneurs offers first-person hacks, tactics and strategies for building businesses back from Covid-19 pandemic
    • Lionesses Digital Transformation Playbook for Africa’s Women Entrepreneurs offers first-person hacks, tactics and strategies for building businesses back from Covid-19 pandemic
    • Lionesses Digital Transformation Playbook for Africa’s Women Entrepreneurs offers first-person hacks, tactics and strategies for building businesses back from Covid-19 pandemic
    • Lionesses Digital Transformation Playbook for Africa’s Women Entrepreneurs offers first-person hacks, tactics and strategies for building businesses back from Covid-19 pandemic
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Source: African Development Bank Group (AfDB) |

Lionesses Digital Transformation Playbook for Africa’s Women Entrepreneurs offers first-person hacks, tactics and strategies for building businesses back from Covid-19 pandemic

Report financed by African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative

A new guide for, and by, African women entrepreneurs provides first-hand tips on how to kick start and implement a digital transformation roadmap to build business resilience to Covid-19 and other shocks. The Digital Transformation Playbook for Africa’s Women Entrepreneurs is the first in a series of digital tools for…

African Development Bank Group (AfDB)

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    • The conference also honored the 22 women who had served an African country as president or prime minister
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Source: African Development Bank Group (AfDB) |

“A revolution is building,” African Development Bank Group President, Akinwumi A. Adesina tells women leaders’ conference

The summit recognizes serving and past women presidents and prime ministers in Africa

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina told women at a conference in Pretoria on Wednesday that they are part of a revolution that is building across Africa. The head of Africa’s premier development lending institution was speaking at the virtual Women Heads of State Initiative (https://bit.ly/37X6PPD),…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Akinwumi Adesina begins official visit to South Africa
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African Development Bank Group President Akinwumi Adesina begins official visit to South Africa

Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders

African Development Bank head Dr. Akinwumi A Adesina (www.AfDB.org) is in Johannesburg at the start of a three-day official visit to South Africa. Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders. He will discuss with them important global and regional concerns, the African Development…

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

AfricaGoGreen Fund receives over $30 million investments from the African Development Bank, the Sustainable Energy Fund for Africa, and the Nordic Development Fund

Launched in early 2021 with EUR 45 million in catalytic capital, the AfricaGoGreen Fund is a flagship project under the G20 Compact with Africa

The African Development Bank (www.AfDB.org)and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund (https://bit.ly/3CwrGUW), a debt fund established to promote private investments in energy-efficient technologies and business models, with the objective of decarbonising African economies and accelerating the…