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

The Africa Digital Inclusion Facility approves grants worth $1.3 million for two research efforts to enhance women’s digital access to loans and micro-insurance

The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility

The African Development Bank (www.AfDB.org) has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported…

African Development Bank Group (AfDB)
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…

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

Time for a digital scale-up in Africa to unlock the continent’s untapped creative economies, panelists say

The Africa Investment Forum was working to promote content deals as well as digital infrastructure projects to advance creative industries, including support to smaller players

Digital platforms in Africa should scale up to take advantage of the continent’s surging demand for creative content, said Africa Investment Forum Senior Director Chinelo Anohu, adding that the African Development Bank (www.AfDB.org) flagship entity is providing advisory services and investment support to creative players. Anohu was speaking at a…

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

COP26 Roundtable: ‘2021 will be critical in the fight against COVID-19 and climate change’ – UN Secretary-General António Guterres

COP26 President Sharma said the global transition to clean power must move at least four times the current pace to achieve targets set out in Paris Agreement on climate change

African Development Bank (www.AfDB.org) President Akinwumi Adesina on Monday joined world leaders to discuss the global transition to clean power as part of a green recovery and identify actions that can be taken to support this. The virtual COP26 Roundtable on Clean Power Transition, under the theme “Achieving a rapid shift…

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

African Development Bank signs grant agreement to support the Rwanda Coding Academy

The Academy selects high performing students and trains them in advanced software programing and cyber security skills to facilitate their emergence as world-class programmers

The African Development Bank (www.AfDB.org) has signed a grant agreement with the Ministry of ICT and Innovation in Rwanda to support the Rwanda Coding Academy, set up to develop top technology talent to drive a booming, innovation-driven digital economy in the East African nation. The Rwanda Coding Academy was set…

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

Rebuilding the African fashion industry in the (post) COVID-19 era: thinking digital and circular solutions

As factories close their doors and border closures and travel restrictions interrupt supply chains, the workers have been left to feel the worst effects

The disruption of the COVID-19 pandemic on global value chains and its impact on African businesses is already evident. As factories close their doors and border closures and travel restrictions interrupt supply chains, the workers - the most vulnerable and lowest paid people in the fashion supply chain – have…

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

2020 Annual Meetings of the African Development Bank: a renewed commitment to economic resilience in Africa

The highlights of the 2020 sessions are the election of the Bank Group’s president and the statutory meetings of its Governors

The 55th Annual Meetings of the African Development Bank (www.AfDB.org) and the 46th meetings of the Board of Governors of the African Development Fund (ADF) began in Abidjan, Côte d’Ivoire, on Wednesday, 26 August 2020. In his opening speech, the President of Côte d’Ivoire, Alassane Ouattara, highlighted the unusual context of…

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) |

African Development Bank commits $1.04 million towards two COVID-19 research projects in Angola

The Angolan Government intends to promote research and enhance capacity in the health sector, against the backdrop of the COVID-19 pandemic

Funds from the African Development Bank’s (www.AfDB.org) ongoing Science and Technology Development Project have been committed towards two research projects to mitigate the novel coronavirus (COVID-19) in Angola. The Science and Technology Development Project which is being executed by the Ministry of Higher Education, Science, Technology and Innovation, aims to…

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

In Ghana, African Development Bank-funded training builds skills for the economy of the future - report

The programme of study for skills-focused training was developed in three areas: mechanical engineering, welding and manufacturing, and electronics

A six-year project to develop industrial skills among Ghana’s workforce has improved the engineering and manufacturing skills of young people, promoted economic competitiveness and contributed to an improvement in the quality of life of beneficiaries and a reduction in poverty, according to an African Development Bank (www.AfDB.org) report issued on…