Tag : African Development Bank

African Development Bank
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African Development Bank Launches Consultations on New Strategy for Quality Health Infrastructure in Africa

Fintech News Desk
The African Development Bank has launched a consultation process with health ministers and other partners as it develops a strategy to drive enhanced access to health services across Africa through 2030. Input from ministers in the Bank’s 54 regional member countries, development partners and civil society is expected to strengthen......
African Development Bank
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Nigeria: African Development Bank Group, MTN Sign $500,000 Grant Agreement to Study Women’s Access to Financial Services

Fintech News Desk
The research, which includes a feasibility study, women-focused design and testing, will focus on both agents and customers to provide insights into women’s use of mobile money services The African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN......
African Development Bank Group Extends $350,000 Grant for Technical Assistance to Deepen National Capital Markets
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African Development Bank Group Extends $350,000 Grant for Technical Assistance to Deepen National Capital Markets

Fintech News Desk
The grant will be sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the African Development Bank The African Development Bank Group has approved $350,000 in grant funding for technical assistance to consolidate the country’s capital markets strategy and increase the liquidity of its fixed income......
Desert to Power G5 Sahel Financing Facility Receives $150 Million from Green Climate Fund
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Desert to Power G5 Sahel Financing Facility Receives $150 Million from Green Climate Fund

Fintech News Desk
The African Development Bank has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund (GCF). The GCF approved the amount at its 30th Board meeting this week. Desert-to-Power is a flagship renewable energy and economic development initiative led by the African Development Bank. Its objective is to......
“Let Us Change the Narrative on Africa in the United States”, Pleads African Development Bank President
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“Let Us Change the Narrative on Africa in the United States”, Pleads African Development Bank President

Fintech Staff Writer
The African Development Bank President spoke during a meeting with African ambassadors at the chancery of the Embassy of the Republic of Congo in Washington last week. African Development Bank President Dr. Akinwumi A. Adesina has said that a concerted effort to change the narrative on Africa in the United......
Fitch Affirms Triple A-Rating of the African Development Bank, Outlook Stable
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Fitch Affirms Triple A-Rating of the African Development Bank, Outlook Stable

Fintech News Desk
Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders Global credit rating agency Fitch Ratings has affirmed the African Development Bank’s credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders. Fitch views the Bank’s risk-management......
The Green Climate Fund Approves $170.9 Million in Co-financing for African Development Bank’s LEAF Program
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The Green Climate Fund Approves $170.9 Million in Co-financing for African Development Bank’s LEAF Program

Fintech News Desk
LEAF aims to unlock commercial and local-currency financing for decentralized renewable energy (DRE) projects in six program countries The Board of the Green Climate Fund (GCF) has approved $170.9 million in financing for the African Development Bank’s Leveraging Energy Access Finance Framework (LEAF) program. LEAF aims to unlock commercial and local-currency......
African Banker Awards Lauds Winners’ Innovation and Resilience
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African Banker Awards Lauds Winners’ Innovation and Resilience

Fintech News Desk
Standard Bank Group, Africa’s biggest bank, recognized for its role in fighting Covid-19 and empowering women Standard Bank Group was on Wednesday named African Bank of the Year by a leading publication in recognition of the banking giant’s achievements in fighting the Covid-19 pandemic and empowering women. African Banker magazine......
Finance in Common Summit Spring Meeting: Public Development Banks Call for New Financing for Africa’s Recovery Post-COVID-19
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Finance in Common Summit Spring Meeting: Public Development Banks Call for New Financing for Africa’s Recovery Post-COVID-19

Fintech News Desk
Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost a strong and inclusive recovery in Africa A global coalition of public development banks today emphasized the urgency of immediate resources for Africa’s recovery post-Covid 19. Together, they committed to deepening cooperation......
Angola: African Development Bank Funds $530 Million Electricity Project To Expand Renewable Energy And Regional Connectivity
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Angola: African Development Bank Funds $530 Million Electricity Project To Expand Renewable Energy And Regional Connectivity

Fintech News Desk
The project, once operational in 2023, will avert the consumption of 46.8 billion litres of diesel per year in the south, cutting 80 megatons of CO2 emissions The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect......