Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank Group provides $400,000 grant for Securities and Exchange Commission of Nigeria to support capital markets development

The funds will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance

The African Development Bank Group (www.AfDB.org) today signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments. The funds will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green…

Source: African Development Bank Group (AfDB) |

African Development Bank provides $320 000 in grant funding to mainstream gender in Economic Community of West African States' (ECOWAS) digital financial operations

The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank

The Board of Directors of the African Development Bank (www.AfDB.org) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks. The funds will support a gender gap analysis of several WAMA strategies including those for…

Source: African Development Bank Group (AfDB) |

The African Development Bank: a strategic partner in developing resilience and sustainable energy in the Sahel region

The Sahel Alliance has invited the African Development Bank to lead a working group on agriculture, rural development and food security

The Sahel Alliance will hold its second general assembly in N'Djamena, Chad on Monday, 15 February 2021. The meeting will take place on the side-lines of a summit for the G5 Sahel countries— Burkina Faso, Mali, Mauritania, Niger, Chad—as well as France. The African Development Bank (www.AfDB.org) played an active…

Source: African Development Bank Group (AfDB) |

African Development Bank (AfDB) President Akinwumi Adesina’s Speech at the Federal Inland Revenue Service Tax Dialogue

African economies are projected to recover this year

By Akinwumi Adesina, President of African Development Bank (www.AfDB.org) Your Excellency, President Muhammadu Buhari, GCFR, President of the Federal Republic of Nigeria Your Excellencies, Governors, Excellencies, Ambassadors Honorable Ministers Chairman of the Federal Inland Revenue Service, Muhammad Nami Distinguished Ladies and Gentlemen I would like to wish you Mr. President and all…

Source: African Development Bank Group (AfDB) |

African Development Bank approves $7 million in Sustainable Energy Fund for Africa (SEFA) technical assistance to transform mini-grid investment in Africa

Africa Mini-Grid Market Acceleration Programme (AMAP)’s overarching aim is to transform the scale of public and private investments in renewable energy mini-grids throughout Africa

The Board of Directors of the African Development Bank (www.AfDB.org) have approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Acceleration…

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

Remarks of Dr. Akinwumi A. Adesina, President of the African Development Bank, at the 2020 Chartered Institute of Bankers of Nigeria (CIBN) Fellowship Investiture, Saturday, December 5, 2020

Leadership from each one of us is needed in these challenging times of the coronavirus pandemic

By Dr. Akinwumi A. Adesina, President of the African Development Bank (www.AfDB.org) Your Excellency, Governor Gboyega Oyetola of Osun State, Mr. Ernest Ebi, Chairman of the occasion, Mr. Bayo Olugbemi, FCIB, the President and Chairman of the Council of the Chartered Institute of Bankers of Nigeria, Mr. Seye Awojobi, FCIB,…

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

25 young African agripreneurs advance to ‘boot camp’ in the African Development Bank’s $120,000 AgriPitch Competition

The final round offers young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals online to a panel of experts and investors who will select the winners

Twenty-five young African agripreneurs have advanced to the “boot camp” final round of the African Development Bank’s (www.AfDB.org) AgriPitch competition, stepping closer to a share of $120,000 in seed funding prizes, training and other benefits. The final round offers young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their…

Source: African Development Bank Group (AfDB) |

Dissecting Africa’s Covid-19 response in the extractives sector: diversification, enhancing local content, offer solutions

Several economies in Africa are sustained by the extractive industry, with most national budgets dependent on mining and petroleum exports

The African Development Bank’s (www.AfDB.org) African Natural Resources Centre (ANRC) and the African Legal Support Facility (ALSF) hosted a dialogue on responses by governments and the industry to the COVID-19 pandemic in the extractive sector, focusing on South Africa, Ghana, Nigeria, and Kenya. The session, held 21 October and moderated by ALSF Director…

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…

Source: African Development Bank Group (AfDB) |

Small and medium enterprises lynchpin of African agriculture – African Development Bank

Africa’s emerging agripreneurs call for increased SME-to-SME cooperation at Bank-organized food systems webinar attached to the African Green Revolution Forum

A panel of some of Africa’s most promising small and medium-enterprise (SME) agripreneurs gathered online to call for more selective investment, accelerated business acquisitions and increased cooperation to help Africa feed itself and the world. The African Development Bank (www.AfDB.org) organized the virtual session, Integrating African Food Systems through the Lens…