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

African Development Bank Group to Launch New Trust Fund for the Circular Economy

Circular economy principles play a strategic role in advancing the African Development Bank’s High-5 development priorities

The Board of Directors of the African Development Bank (www.AfDB.org) has approved the establishment of a €4 million Africa Circular Economy Facility to drive integration of the circular economy into African efforts to achieve nationally defined contribution (NDC) targets. The Facility (https://bit.ly/3voaQVl), a multi-donor trust fund, will operate over a period…

Source: African Development Bank Group (AfDB) |

African Development Bank Group and Africa50, in partnership with the African Union Commission and AUDA NEPAD, to create Alliance for Green Infrastructure in Africa with global partners

The key challenge for infrastructure development on the African continent is the dearth of bankable opportunities

The Alliance will: catalyze bankable, greener infrastructure projects at scale and speed; raise up to $500 million of early-stage project development and project preparation capital which aims to generate up to $10 billion in investment opportunities; support the continent’s transition to Net Zero emissions with investments in greener, climate-resilient and…

African Development Bank Group (AfDB)
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    • At Paris Fashion Week, Ghanaian entrepreneur Roberta Annan launches €100 m Impact Fund to invest in Africa’s creative industries
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Source: African Development Bank Group (AfDB) |

At Paris Fashion Week, Ghanaian entrepreneur Roberta Annan launches €100 m Impact Fund to invest in Africa’s creative industries

The Impact Fund for African Creatives (IFFAC), will award grants of up to €50,000 to selected projects to accelerate development of the continent’s creative sector

Ghanaian businesswoman and entrepreneur Roberta Annan earlier this week launched a €100 million fund to channel investment into small and medium African creative and fashion enterprises. The Impact Fund for African Creatives (https://bit.ly/3BpJS1h) (IFFAC), will award grants of up to €50,000 to selected projects to accelerate development of the continent’s…

Source: African Development Bank Group (AfDB) |

Youth are Africa’s best asset; invest in them – African Development Bank President Adesina

Adesina was speaking at a virtual roundtable at which he presented a novel concept for youth entrepreneurship investment banks

Africa’s underinvested youth are in need of urgent attention  and youth entrepreneurship investment banks must become the focus of global support, the African Development Bank (www.AfDB.org) head Dr. Akinwumi A. Adesina said Monday in a discussion on scaling up financing for the continent’s youth. Adesina was speaking at a virtual…

Source: African Development Bank Group (AfDB) |

African Development Bank provides $320 000 in grant funding to mainstream gender in Economic Community of West African States' (ECOWAS) digital financial operations

The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank

The Board of Directors of the African Development Bank (www.AfDB.org) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks. The funds will support a gender gap analysis of several WAMA strategies including those for…

Source: African Development Bank Group (AfDB) |

African Development Bank Group Inaugration Speech Dr. Akinwumi A. Adesina September 1, 2020

I am grateful for the opportunity to serve Africa passionately

Protocols Your Excellency, President Alassane Ouattara, President of the Republic of Côte d’Ivoire  Your Excellency, President Muhammadu Buhari, President of the Federal Republic of Nigeria Your Excellencies, Heads of State and Governments  Excellencies former Heads of State and Governments  Chairperson of the African Union Commission  The Former Commonwealth Secretary General…

Source: African Development Bank Group (AfDB) |

CORRECTION: Curtain falls on the African Development Bank 2020 Annual Meetings as Governors endorse President Adesina’s bold development program

Adesina: "I am deeply grateful for the collective trust, strong confidence and support of our shareholders”

Newly reelected African Development Bank (www.AfDB.org) President Akinwumi Adesina voiced great optimism about Africa’s future as the institution closed its 55th Annual meetings. The Bank’s Board of Governors today unanimously voted for a second five-year term for Adesina, giving him a mandate to renew a focus on the institution’s priorities,…

Source: African Development Bank Group (AfDB) |

Curtain falls on the African Development Bank 2020 Annual Meetings as Governors endorse President Adesina’s bold development program

Adesina: "I am deeply grateful for the collective trust, strong confidence and support of our shareholders”

Newly reelected African Development Bank (www.AfDB.org) President Akinwumi Adesina voiced great optimism about Africa’s future as the institution closed its 55th Annual meetings. The Bank’s Board of Governors today unanimously voted for a second five-year term for Adesina, giving him a mandate to renew a focus on the institution’s priorities,…

Source: African Development Bank Group (AfDB) |

Climate financing by leading multilateral development banks tops $61.6 billion

The Bank exceeded its target of achieving parity between adaptation and mitigation finance by allocating 55% of its climate finance resources to adaptation and 45% to mitigation

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance (https://bit.ly/31noGIB). The study expands the scope of reporting for the…

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

Conversation with Marieme Esther Dassanou, Coordinator of the African Development Bank’s Affirmative Finance Action for Women in Africa programme

She previously led IFC’s Gender Secretariat's work on advancing women's inclusion in the insurance and financial sectors

Marieme Esther Dassanou is the Coordinator of Affirmative Finance Action for Women in Africa (AFAWA) the African Development Bank’s (https://www.AfDB.org/) flagship pan-African initiative, which aims to bridge the $42 billion financing gap facing women entrepreneurs in Africa. She previously led IFC’s Gender Secretariat's work on advancing women's inclusion in the…