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

Côte d'Ivoire: Vulnerable households and small businesses find relief from government program to ease Covid-19 headaches

The program’s main objectives were to extend cash transfers to more than 117,000 newly vulnerable households at a cost of 75,000 CFA francs each

For Hortense Koné, the manager of a small restaurant in Abobo Belleville, north of Côte d'Ivoire’s economic capital Abidjan, paying her water and electricity bills became a headache last year when Covid-19 lockdown restrictions hit her business. But a decision by the Ivorian government to cover water and electricity bills…

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

The Africa Digital Inclusion Facility approves grants worth $1.3 million for two research efforts to enhance women’s digital access to loans and micro-insurance

The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility

The African Development Bank (www.AfDB.org) has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported…

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

Mauritania: African Development Bank extends $2.1 million for rollout of Disaster Risk Financing

The Bank is extending the funding under its Africa Disaster Risk Financing (ADRIFI) program to enable the country to take out a drought risk index-based insurance policy

The African Development Bank’s (www.AfDB.org) Board on Wednesday approved a grant of $2.1 million to boost the country’s resilience against climate related shocks and food insecurity. The funds, sourced from the African Development Fund, will go to provide technical and institutional support to strengthen Mauritania’s capacity to assess climate-related risk.…

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…

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

African Development Bank Group supports Ghana’s COVID-19 response plan with $69 million grant

The funds will help to upgrade the capacity of healthcare facilities to isolate, diagnose and care for patients, and provide more test kits, pharmaceuticals, equipment and beds

The Board of Directors of the African Development Fund (ADF) on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the nation. The grant from the ADF, the concessional arm of the African Development Bank (www.AfDB.org), will provide…

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

South Africa: African Development Bank, SA Taxi sign $100 million loan agreement to boost industrialization, enhance transport sector

The loan agreement, which carries an eight-year tenor and includes a six-month grace period, was signed on Monday, 16 March

The African Development Bank (www.AfDB.org) and SA Taxi Development Finance Proprietary Limited, a wholly owned subsidiary of SA Taxi Holdings Proprietary Limited (“SA Taxi”), have signed a $100 million loan agreement to support the firm’s growing strategy to empower taxi operators with limited access to finance from traditional financiers. The…

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

“Women are an excellent investment”: finance leaders call for increased support for in women in business

In Africa, 70% of women are excluded financially and there is a $42 billion financing gap between men and women

Leaders from multilateral development banks, financial institutions and the private sector called on peers to dispel myths about women being too “high risk” for financing - and to offer more financial services for women in business to close the gender finance gap. “We know that women are a good bet.…

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

African Development Bank Group becomes a shareholder in Africa Finance Corporation

The Bank Group’s investment in Africa Finance Corporation (AFC) will enable both institutions to accelerate infrastructure development and delivery on the continent

Shareholding follows investment of $50 million in AFC’s equity by Bank Group; African Development Bank (https://www.AfDB.org) becomes second investment-grade Supranational Finance Institution to join and invest in AFC. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade…

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

Africa Investment Forum 2019: Billion dollar boost for African female entrepreneurs

The European Investment Bank (EIB) expects the gender-lending initiative to allow women to play a more active role in economies

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what the EIB has…

African Development Bank Group (AfDB)

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Source: African Development Bank Group (AfDB) |

UN, African Development Bank High-Level Meeting calls for Speed and Action on Sustainable Development Goals (SDGs)

The leaders called for additional resources to drive the urgent task of Africa's development

With an estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on its regional and global development goals. On the sidelines of the UN General Assembly on Sunday, African heads of states and governments met to emphasize urgent collective…