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African Development Bank Group (AfDB)

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    • Pierrette Kouakou, CEO of Fin’Elle (2nd from right), a key AFAWA partner and recipient of part of the $1 billion in resources to reduce the gap in access to finance for Africa’s women entrepreneurs. AFAWA-backed entrepreneur Clementine Kassi (far right), Esther Dassanou, AFAWA Manager (2nd from left), Benard Chitunga, AFAWA (far left), with Sophie Chassot, Gender Expert, French Ministry of Foreign Affairs (center). Paris, November 2022
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Hits $1 Billion Investment Milestone in Lending to Women Entrepreneurs in Africa

AFAWA was launched in 2015 in Dakar during the first Feed Africa conference (Dakar 1 Africa Food Summit)

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) (http://bit.ly/3sggisg) initiative has reached a landmark $1 billion in approved funding designated for lending to African  women entrepreneurs. This is yet another milestone for the bank following an historic summit last week to tackle the escalating challenges…

African Development Bank Group (AfDB)

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    • Partners launching the report. From left are Ms. Ahunna Eziakonwa, the UNDP Assistant Administrator and Director of Regional Bureau for Africa, Dr. Hanan Morsy, Deputy Executive Secretary of ECA, Ms. Amanda Serumaga, UNDP Resident Representative for Mauritius and Seychelles, and Prof. Kevin Urama, the Acting Chief Economist and Vice-President of AfDB.
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Source: African Development Bank Group (AfDB) |

New Report Shows Need for Greater Action if Africa is to Hit Sustainable Development Goals (SDG), Agenda 2063 Targets

Building Back Better from the Coronavirus Disease, While Advancing the Full Implementation of the 2030 Agenda for Sustainable Development evaluates Africa’s progress towards the SDGs

The coronavirus pandemic, the war in Ukraine, and climate change have all hampered Africa’s progress toward meeting the Sustainable Development Goals (SDGs). With 2030 less than 8 years away, most African countries are struggling to meet the SDG targets. Without renewed efforts, nearly 492 million Africans will be left in…

African Development Bank Group (AfDB)

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    • Government representatives and experts from the Bank and the Mano River Union, joined by women traders to launch the BI-BEST project
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Source: African Development Bank Group (AfDB) |

Mano River Union launches scheme to build inclusive business ecosystems (By Charleine MBUYI LUSAMBA & Hoda Tarek)

Sierra Leone’s Minister of Gender and Children's Affairs, Manty Tarawalli, commended the African Development Bank for what she said was a “well-thought” initiative to support women’s economic empowerment

By Charleine MBUYI LUSAMBA, Task Manager & Hoda Tarek, Gender and Development Expert On 21 October 2022, the African Development Bank and the Mano River Union Secretariat hosted an event to launch the Project to Build Inclusive Business Ecosystems for Stabilization and Transformation in the Mano River Union (BI-BEST) in Freetown,…

African Development Bank Group (AfDB)

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    • Africa Climate Change Fund launches Women and Youth Entrepreneurship Project
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Source: African Development Bank Group (AfDB) |

Africa Climate Change Fund launches Women and Youth Entrepreneurship Project

The virtual launch followed the approval of a $1 million grant funding by the ACCF’s development partners for the project

The Africa Climate Change Fund (ACCF) Secretariat has launched a scheme to support mechanisms for climate adaptation finance for women entrepreneurs and youth. The scheme, “YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience,” will develop innovative, transformative climate-resilient bankable projects aligned with African…

African Development Bank Group (AfDB)

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    • The African Development Fund is working to improve the livelihoods of pastoralists in Ethiopia’s drylands
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund Approves $13.95 Million Grant for Borana Resilient Water Development for Improved Livelihoods Program

The Borana Resilient Water Development for Improved Livelihoods Program will enhance access to climate-resilient, gender-sensitive integrated and sustainable water and sanitation services

The Board of Directors of the African Development Fund has approved a $13.95 million grant to the Government of Ethiopia to implement the first phase of a livelihood improvement project for pastoralist communities in Ethiopia’s drylands. The Borana Resilient Water Development for Improved Livelihoods Program will enhance access to climate-resilient,…

African Development Bank Group (AfDB)

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    • Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)
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Source: African Development Bank Group (AfDB) |

Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)

The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth

The Board of Directors of the African Development (https://www.AfDB.org) Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region. The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women…

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

European Bank for Reconstruction and Development (EBRD), African Development Bank Group (AfDB) and French Development Agency (AFD) launch tool to support private businesses and public sector improve gender responsiveness

Gender Equality in Climate Action Accelerator will support users in assessing their climate strategies

The European Bank for Reconstruction and Development (EBRD), the African Development Bank Group (www.AfDB.org) and the French development agency AFD, in partnership with the Egyptian government, have launched the Gender Equality in Climate Action Accelerator (https://bit.ly/3TS57Bh). The Accelerator will support private sector companies improve the gender responsiveness of their corporate…

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

On Global Women’s Entrepreneurship Day, Lionesses of Africa’s Business Confidence Report celebrates African women entrepreneurs’ optimism about business

The report is funded by the African Development Bank Group, through the Affirmative Finance Action for Women in Africa (AFAWA) Initiative

Women entrepreneurs in Africa are expressing widespread optimism and continuing resilience despite the prevailing economic climate, according to the 2022 Lionesses Business Confidence Report (https://bit.ly/3EeO9au) and Index (https://bit.ly/3UPZdSm) launched on Global Women’s Entrepreneurship Day. The report, prepared by Lionesses of Africa Public Benefit Corporation and New York University finds that…

African Development Bank Group (AfDB)

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    • Former Irish President Mary Robinson chats with Stephen Kansuk, Environment and Climate Change Specialist at UNDP, and Gareth Philips, Manager, Climate and Environment Finance Division at the African Development Bank Group
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP 27): On Gender Day African Development Bank rallies global support for women to build climate resilience

The Bank had earmarked funding for ten capacity-building projects, focusing on gender and climate through the Africa Climate Change Fund

Former Irish president Mary Robinson headlined a panel discussion to mark ‘Gender Day’ at the 27th United Nations Climate Change Conference (COP27) in Egypt. She called for a bespoke climate fund to support grassroots women to tackle climate change and build resilience. The African Development Bank organized the session held…

African Development Bank Group (AfDB)

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    • A discussion session between the African Development Bank delegation and Cameroonian women entrepreneurs
    • An African Development Bank delegation holding talks with heads of Cameroonian women's associations on the premises of financial institution, PRO-PME Financement S.A.
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Source: African Development Bank Group (AfDB) |

Cameroon: The African Development Bank Engages in Dialogue with Cameroonian Financial Institutions to Bolster Women Entrepreneurs’ access to finance

Professional associations and the financial institutions that partner with them under the Bank's Affirmative Finance Action for Women in Africa" initiative also took part

The African Development Bank's (www.AfDB.org) Director General for Central Africa, Serge N'Guessan, led a delegation for a series of talks with stakeholders in the Cameroonian private sector, including women entrepreneurs, between 24 and 30 September 2022 in Douala. Professional associations and the financial institutions that partner with them under the…