2023 Annual Report
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AADFI @ 50: Reflecting on the past, the present, and perspectives into the future
Executive Summary The Association of African Development Finance Institutions (AADFI), apex membership organization for Development Finance Institutions (DFIs) in Africa, celebrates its golden jubilee in 2025. As part of the activities to mark this milestone, AADFI commissioned this study with the theme “AADFI @ 50: Reflecting on the Past, the Present, and Perspectives into the
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Setting Strategic Agenda For AfDB’s New Transformational Leader
By Ronald Ssemagonja Having just returned from the African Development Bank’s Annual Meetings, where history was made, I witnessed firsthand the election of Sidi Ould Tah as the institution’s new President. His overwhelming victory—securing 76.18% of votes, including 72.37% support from regional member countries—signals Africa’s confidence in his vision for the continent’s financial future. The
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AADFI Members Recognized for Excellence at 2025 African Banker Awards
Abidjan, Côte d’Ivoire, June 2, 2025 – The Association of African Development Finance Institutions (AADFI) proudly celebrated an exceptional achievement as its distinguished members were honored at the 2025 African Banker Awards, held on May 28, 2025, on the sidelines of the African Development Bank (AfDB) Annual Meetings. This year’s awards not only spotlight the excellence of individual institutions but also reaffirm
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AADFI Elects New Chairperson: Dr. Patricia Ojangole, Managing Director of Uganda Development Bank (UDB) Ltd.
The Association of African Development Finance Institutions (AADFI) is delighted to announce the election of Dr. Patricia Ojangole, Managing Director of Uganda Development Bank Ltd. (UDB), as the new Chairperson of AADFI. Dr. Ojangole was elected during the 51st Ordinary General Assembly held on May 26, 2025, at the Sofitel Hotel Ivoire in Abidjan, Côte d’Ivoire. Her election coincided with AADFI’s 50th-anniversary
UDB launches RISE program
By Ronald Ssemagonja The Minister of Science, Technology and Innovation, Hon. Monica Musenero, has urged innovators to seize the opportunities provided by Uganda Development Bank (UDB) to realise their dreams. She made these remarks during the launch of the Reshaping Industries for a Sustainable Economy (RISE) programme at Serena Hotel, Kampala. “This programme provides an
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Briefing paper: Gender-sensitive macro economic policies in low- and middle-income economies
This paper draws evidence from existing literature and secondary data on the gendered impacts of economic crises and policies. The analysis benefited greatly from the findings in four studies from a project led by the African Economic Research Consortium (AERC), the Economic Research Forum (ERF) and the Partnership for Economic Policy (PEP) and supported by
Report – Inclusive and sustainable economic transformation
This publication has benefited from reviews by Jan Corfee-Morlot, Nizhar Marizi, Simon Maxwell,Love Theodossiadis and Judith Tyson. The report has also benefited from substantial editing byRoo Griffiths, Linda Calabrese, Sam Pickard and Andrew Shepherd. Marion Davis also contributedto editing and prepared a companion short version of the report. Nicolai Schulz contributedto the analysis of political
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FMBN Records N11.58bn Operational Surplus, Targets N500bn Capital
Sunday Ehigiator The Federal Mortgage Bank of Nigeria (FMBN), has revealed that it recorded a total of N11.58 billion in operational surplus in 2024. This is as it said it aims to recapitalise with at least N500 billion, and expand its reach beyond state capitals to other commercially viable locations across various states in Nigeria in 2025. This
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