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…

Source: African Development Bank Group (AfDB) |

In Lesotho, An African Development Bank project enhances primary and secondary school education - report

The eight-year project focused on improving the quality of primary and secondary instruction and building skills to give young people access to better job opportunities

An education project in Lesotho, financed by the African Development Bank (www.AfDB.org) and implemented between 2008 and 2016, has provided the country with new primary and secondary school infrastructure and teacher training to enhance educational quality, according to a recently published report by Bank. The Support to Education Quality Enhancement…

Source: African Development Bank Group (AfDB) |

Road to Annual Meetings: South African villagers find fresh water in ancient mountain springs

After undertaking a cost analysis of equipment to supply water from springs to village, community members pooled funds to buy it, and set up their water scheme

The village of Tsakhuma in the Vhembe district of South Africa’s Limpopo region is proof positive that communities can find solutions to their problems. Like many rural areas in South Africa, Tsakhuma lacked access to water for bathing, cooking, washing and chores, and the burden of fetching water fell on…

Source: African Development Bank Group (AfDB) |

After COVID-19, will Africa Catch Up, Stand Still or Fall Further Behind? (By Professor Banji Oyelaran-Oyeyinka)

With this crisis comes an economic disruption of unprecedented proportion

At one time or another, nations and individuals confront crisis points – moments of existential challenge that also open up new possibilities. African countries, at just such a crisis point as a result of the novel coronavirus, face three possible outcomes post-pandemic: play catch-up, stand still or fall even further…

Source: African Development Bank Group (AfDB) |

Financial, development and humanitarian arms provide $20 million to curb the impact of COVID-19 on refugees and their hosts in the Sahel

There are 3.1 million refugees, internally displaced persons, returnees and people at risk of statelessness in the Sahel

Public health, the wellbeing of refugees and the host communities in the Sahel are at the heart of the latest tripartite agreement between the African Development Bank (AfDB) (www.AfDB.org), UNHCR, the UN Refugee Agency and the G5 Sahel signed today. The agreement enables a critical $20 million COVID-19 response across…

Source: African Development Bank Group (AfDB) |

Malawi to receive $45.07 million for national COVID-19 emergency response from the African Development Bank

The budget support intervention, will help boost the Malawi National COVID-19 Preparedness and Response Plan

Malawi will receive $45.07 million to finance the government’s response to the health, social and economic impacts of the COVID-19 pandemic, following a decision by the Board of Directors of the African Development Fund (ADF) held Wednesday. The package comprises a loan of $24.48 million, and a grant of $20.59…

Source: African Development Bank Group (AfDB) |

African Development Fund approves UA100.4 million multi-country Covid-19 Response Support for Malawi, Madagascar, Mozambique and Sao Tome

The package will support the national actions of the four countries in mitigating the impact of COVID-19, with the overall objective of protecting lives and livelihoods

The Board of Directors of the African Development Fund (ADF) on Wednesday approved a UA100.4 million (about $138 million) crisis budget support package to four southern African countries – Malawi, Madagascar, Mozambique and São Tomé & Príncipe, in the wake of the COVID-19 pandemic. Under the package, known as the…

Source: African Development Bank Group (AfDB) |

African Development Bank commits $1.04 million towards two COVID-19 research projects in Angola

The Angolan Government intends to promote research and enhance capacity in the health sector, against the backdrop of the COVID-19 pandemic

Funds from the African Development Bank’s (www.AfDB.org) ongoing Science and Technology Development Project have been committed towards two research projects to mitigate the novel coronavirus (COVID-19) in Angola. The Science and Technology Development Project which is being executed by the Ministry of Higher Education, Science, Technology and Innovation, aims to…

Source: African Development Bank Group (AfDB) |

In Ghana, African Development Bank-funded training builds skills for the economy of the future - report

The programme of study for skills-focused training was developed in three areas: mechanical engineering, welding and manufacturing, and electronics

A six-year project to develop industrial skills among Ghana’s workforce has improved the engineering and manufacturing skills of young people, promoted economic competitiveness and contributed to an improvement in the quality of life of beneficiaries and a reduction in poverty, according to an African Development Bank (www.AfDB.org) report issued on…