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

African Development Bank Approves $75 Million Risk Participation Agreement Facility for FirstRand Bank Limited to Enhance Trade Financing on the African Continent

This RPA facility, will support approximately $500-600 million of trade over the next 3 years, of which more than $100 million will support intra-African trade and exports

The Board of Directors of the African Development Bank Group (https://www.AfDB.org/) on Wednesday, 12 October approved an unfunded $75 million trade finance Risk Participation Agreement facility for FirstRand Bank Limited (FRB). The approved facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in several countries,…

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

African Development Bank Regional Economic Outlook 2020: COVID-19 response and economic diversification crucial to growth recovery in Southern Africa, the most affected region

Impact of COVID-19 in South Africa projected to affect rest of Southern African economies

Report recommends inclusive, broad-based and pro-poor policies to address inequality and reduce poverty rates; Impact of COVID-19 in South Africa projected to affect rest of Southern African economies. A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for…

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…

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

Launch of Fashionomics Africa Webinar Series

African Fashionpreneurs: Thriving in a (post-) COVID-19 World

What does the COVID-19 disruption mean for Africa’s Fashion Industry? Opportunities and Threats for Fashionpreneurs and Investors What: Launch of Fashionomics Africa Webinar Series Who: Gender, Women & Civil Society (AHGC) When: Tuesday, 2 June 2020: 10.00 am to 12.00 noon Where: Online The Gender, Women and Civil Society Department…

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

South Africa: African Development Bank, SA Taxi sign $100 million loan agreement to boost industrialization, enhance transport sector

The loan agreement, which carries an eight-year tenor and includes a six-month grace period, was signed on Monday, 16 March

The African Development Bank (www.AfDB.org) and SA Taxi Development Finance Proprietary Limited, a wholly owned subsidiary of SA Taxi Holdings Proprietary Limited (“SA Taxi”), have signed a $100 million loan agreement to support the firm’s growing strategy to empower taxi operators with limited access to finance from traditional financiers. The…

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

Africa Fertilizer Financing Mechanism launches $2.2 mill project in Nigeria to boost fertilizer supply to 200,000 farmers

The trade credit guarantee project is AFFM’s first in the West African nation and will involve 10 fertilizer suppliers, 12 hub agro-dealers and 120 retail agro-dealers

The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for 200,000 smallholder farmers. The trade credit guarantee project is AFFM’s first in the West African nation and will involve 10 fertilizer suppliers, 12 hub agro-dealers…