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African Development Bank Group (AfDB)

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    • Digital financial solutions are key to reducing the gender access-to-finance gap in Africa
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Source: African Development Bank Group (AfDB) |

We-Fi announces New Round of Funding for Women Entrepreneurs; $15 Million to the Africa Digital Financial Inclusion Facility to Improve Access to Finance for Women-owned Small Businesses

The funds will enable the Africa Digital Financial Inclusion Facility to design and implement programs to improve digital access to finance for women entrepreneurs

The Women Entrepreneurs Finance Initiative (We-Fi)  has announced a new round of funding under which the African Development Bank’s (www.AfDB.org) Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (1)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (2)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (3)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (4)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Head Celebrates Food ‘Milestone for Africa’ at the Launch of First Special Agriculture Industrial Zone in Mozambique

As war in Ukraine threatens Africa’s food supplies, African Development Bank head says agricultural zones hold the key

African Development Bank head Akinwumi A. Adesina (www.AfDB.org) joined President of the Republic of Mozambique Filipe Jacinto Nyusi, to launch the “milestone” Pemba-Lichinga Integrated Development Corridor on Saturday, in Mozambique’s northern Niassa province. The Board of Directors of the African Development Fund, the concessional window of the African Development Bank…

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

Mozambique joins collaborative ICT data collection initiative developed by African Development Bank

RASME is a partnership of the African Development Bank and the World Bank’s Geo-Enabling initiative for Monitoring and Supervision and KoBoToolbox teams

The African Development Bank (www.AfDB.org) has extended membership of a digital data supervision system known as the Remote Appraisal Supervision, Monitoring, and Evaluation (RASME) project to Mozambique, making it the sixth African country to benefit from the tool which enhances project-related data collection in remote areas. RASME is a partnership…

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

African Development Bank grant to improve governance of natural resource outflows in six African countries

The Transitional Support Facility has awarded a $2.8 million grant for the Governing Natural Resource Outflows for Enhanced Economic Resilience in Fragile and Transitional Countries (GONAT) project in the selected fragile and transitional countries

Six African countries will soon benefit from a grant from the Transitional Support Facility (TSF) of the African Development Fund, through a project designed to strengthen national capacity for governing natural resource outflows in Africa. The African Development Fund is the concessional lending arm of the African Development Bank Group.…

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

Mozambique: $47.09 million grant from African Development Fund for special agro-industrial processing zone

The grant will help improve agricultural productivity and agribusiness development in the Niassa province

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $47.09 million grant for the first phase of Mozambique’s Pemba-Lichinga Integrated Development Corridor, a Special Agro-Industrial Processing Zone. The grant, from the African Development Fund, will help improve agricultural productivity and agribusiness development in the Niassa…

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

Mozambique conference calls for revival of fishing communities

Mozambique has the third-longest coastline in Africa, with enormous coastal resources that contribute significantly to the economy

African leaders and policymakers have called for strategies to harness the potential of the blue economy to achieve sustainable development. The call came at a high-level conference hosted by the Government of Mozambique on 18 and 19 November in the City of Vilanculos. The theme was Investing in Ocean Health…

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

Mozambique: African Development Bank Ups Financial Contribution for Local Content and Job Creation in Mozambique to $2.5 Million

This support follows the Board of Directors approval of a $400 million senior loan project in November 2019 to "Mozambique LNG Area 1

The African Development Bank Group (www.AfDB.org) has approved a grant of $1.5 million to Mozambique to boost the development of local content. The grant is earmarked for Small and Medium-sized Enterprises (SME)  targeting local content and women-owned business in the natural resources sector of the nation. The new approval brings…

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)

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    • Mozambique: African Development Bank and Italian Technical Cooperation Fund extend €990,000 grant to boost agricultural value chains
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Source: African Development Bank Group (AfDB) |

Mozambique: African Development Bank and Italian Technical Cooperation Fund extend €990,000 grant to boost agricultural value chains

The project will enable the businesses to better tap into national and regional markets and capitalize on the opportunities created by the African Continental Free Trade Area

The African Development Bank (www.AfDB.org), with financing from the Italian Technical Cooperation Fund, has provided a €990,000 grant to help smaller agro-processing enterprises boost production and quality control. The project will enable the businesses to better tap into national and regional markets and capitalize on the opportunities created by the…

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

Mozambique: African Development Bank financial package for local content and SME development to boost job creation

The project will support more than 150 local companies by facilitating access to skills and certification, contracts with large firms and finance from local financial institutions

The African Development Bank Group (www.AfDB.org) has approved a $1 million grant to boost local content and development of Small and Medium-Size Enterprise (SME) initiatives in the southern African nation of Mozambique. The grant, from the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF), will provide technical and institutional…