Tag : African Development Bank

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
by Fintech News Desk0
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
Fintech News

The Green Climate Fund Approves $170.9 Million in Co-financing for African Development Bank’s LEAF Program

Fintech News Desk
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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
Finance Fintech News

Angola: African Development Bank Funds $530 Million Electricity Project To Expand Renewable Energy And Regional Connectivity

Fintech News Desk
by Fintech News Desk0
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......
African Development Bank President Adesina calls for African Financial Stabilization Mechanism
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African Development Bank President Adesina calls for African Financial Stabilization Mechanism

Fintech News Desk
by Fintech News Desk0
Africa’s collective debt now stands at 70% of the continent’s gross domestic product (GDP) African Development Bank President Akinwumi Adesina, recipient of the 2017 World Food Prize, and Professor Joseph E. Stiglitz, recipient of the 2001 Nobel Memorial Prize in Economic Sciences, have called for a quick and comprehensive plan for......
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