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

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

“This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women entrepreneurs across the continent” - Vanessa Moung

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s (https://www.AfDB.org/en/) Affirmative Finance Action for Women in Africa (AFAWA) (https://bit.ly/2Q1fF1L) program. We-Fi (https://We-Fi.org/) is a partnership among 14 donor governments, eight multilateral development banks, and other public and…

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

African Development Bank Business Opportunity Seminar - Investing in partnerships for Africa’s transformation

Ethical business model key to successful project delivery by the African Development Bank - participants

The African Development Bank (www.AfDB.org) held a Business Opportunity Seminar (BOS) focused on strengthening and fostering the engagement of the business sector and of other stakeholders to effectively support investment in infrastructure and human development projects. Seeking strategic alliances and potential business opportunities with the Bank, the participants, private-sector representatives, civil…

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

African Development Bank approves $20 million investment in Uhuru Growth Fund, building regional champions across West Africa

Uhuru Partners Limited is composed of an experienced indigenous team with strong local networks, extensive knowledge of the West Africa market and a track-record of SME investments in the region

The African Development Bank (https://www.AfDB.org) has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a private equity firm, focused on high growth middle market businesses across West Africa.  Uhuru Partners Limited is composed of an experienced indigenous team with strong local…

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

African road safety leadership program kicks off in Abidjan

The program, which runs till 8th February, is intended to develop leadership capabilities in road safety planning, implementation, management, and operations; and ultimately help reduce the number of road crashes on the roads of Africa

The second Road Safety Leadership Program organized by the Africa Transport Policy Program (SSATP, an international partnership hosted by the World Bank) (www.SSATP.org), in collaboration with the African Development Bank (www.AfDB.org), kicked off at the Bank’s Headquarters in Abidjan on 4th February. The program, which runs till 8th February, is…

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

Huge desert solar initiative to make Africa a renewables power-house

Solar projects stretching across the Sahel region are expected to connect 250m people with electricity by tapping into the region’s abundant solar resource

The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (www.AfDB.org), which…

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

African Development Bank rolls out programme to boost climate risk financing and insurance for African countries

The programme’s initial phase is expected to run from 2019 to 2023

The African Development Bank (www.AfDB.org) has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries. The comprehensive programme, open to regional member countries, will enhance their ability to evaluate climate-related risks and…