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

UN Environment Assembly: Circular economy gains traction as Morocco plans to join regional Alliance

The event was in keeping with the central theme of the assembly: “Strengthening Actions for Nature to Achieve the Sustainable Development Goals”

The African Development Bank (www.AfDB.org) joined public and private sector actors in Nairobi this week to discuss the implementation of circular economy policies, and action plans in Africa. Highlights of the side event included news that Morocco plans to join the African Circular Economy Alliance. The side event on accelerating…

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

African Development Bank scoping study identifies opportunities for private sector participation in Africa’s climate agenda

The study was produced in partnership with the Fund for African Private Sector Assistance and launched during a virtual African Development Bank webinar held on 1 July 2021

A recently published African Development Bank (www.AfDB.org) scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation. The study, NDC implementation in Africa through green investments by private sector - A Scoping Study, was…

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

Covid-19: African countries win the race against time with testing laboratories

Daily testing capacity of African countries rose from 13,200 at the beginning of the epidemic to 105,000

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and…

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

African Legal Support Facility holds Annual Meetings

The meetings were held virtually from 24-25 May 2021

The African Legal Support Facility (ALSF) (www.ALSF.int) has concluded virtual Annual Meetings of its management board and Governing Council during which the institution’s term was extended until 2036. The extension – for an additional 14 years beyond the original term date of 2022 – was based on the ALSF’s accomplishments,…

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

Africa’s first Super Energy Service Company in Morocco gets $965,000 grant boost from African Development Bank’s Sustainable Energy Fund for Africa (SEFA)

Amid growing demand, Morocco aims to meet its energy needs by combining large-scale energy efficiency strategies and renewable energy investments

The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37jYAtS) is providing a $965,000 grant to Morocco’s Société d’Ingénierie Energétique (SIE), to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa. ​“This support from the African Development Bank will enable the operationalization of the…

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

African Development Bank, European Investment Bank sign Joint Partnership Action Plan to fast-track development in Africa

The Joint Action Plan was developed following an EIB delegation meeting with the African Development Bank in February 2020

The African Development Bank (AfDB) (www.AfDB.org) and the European Investment Bank (EIB) today signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa. The Joint Action Plan enables both institutions to grow…

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

Mauritius and Morocco join African Development Bank (AfDB/AFMISM) Bloomberg® bond index

The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg

The African Development Bank (www.AfDB.org) today announced the addition of two new countries - Mauritius and Morocco - to its Bloomberg African Bond Indices (ABABI), marking a steady progress in the Bank’s efforts to deepen the continent’s local currency bond market. The African Development Bank administers the ABABI, a family…

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

Supporting Public Private Partnerships in Africa: African Development Bank ready to scale up

The African Development Bank estimates Africa’s infrastructure financing needs at up to $170 billion a year by 2025

Representatives of the African Development Bank (www.AfDB.org), governments, Development Finance Institutions, the private sector and  professional associations joined a September 8 workshop to discuss how the Bank can strengthen support for Public Private Partnerships and channel greater investment toward economic and social infrastructure. The event, titled Designing the African Development…

African Development Bank Group (AfDB)
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…

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

Affirmative Finance Action for Women in Africa, ImpactHER and UN Women Policy Brief exposes disadvantages to women entrepreneurs in post COVID-19 era, offers solutions

The coronavirus pandemic is wreaking economic havoc and hitting women the hardest, with women-led Small and Medium-sized Enterprises(SMEs) at greater risk of closure

Women-led businesses are more vulnerable to closure than those led by men in the era of the novel coronavirus, due to women’s limited access to finance, shifts in consumer behavior, and the increase in women’s household care responsibilities as a result of extended lockdowns. All across the continent, the coronavirus…