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GCF Readiness support for the Development Bank of Nigeria

Members News /

GreenClimate.fund The Development Bank of Nigeria (DBN) has signed a grant agreement with the Green Climate Fund (GCF), to receive support from GCF’s Readiness and Preparatory Support Programme (Readiness Programme). This support will strengthen DBN’s climate programming capacity and facilitate access to GCF resources and broader climate finance opportunities, in line with national priorities. Speaking during a […]

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Uganda Must Build the Light Before Transitioning: Expert urges against symbolic renewables

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The Independent | February 27, 2026 Kampala, Uganda | THE INDEPENDENT | One of the leading European sustainability experts, Arshad Rab, has stated that Uganda cannot follow the conventional “energy transition” path of developed nations. Rab, the CEO of the European Organization for Sustainable Development, argued that the global narrative of “transitioning from fossil fuels to clean

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Why Afreximbank’s break with Fitch exposes a deeper rift

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In a recent public statement, the African Export-Import Bank (Afreximbank) announced it would terminate its credit rating relationship with Fitch Ratings. The rationale for this decision was particularly striking. The bank attributed the move to its “firm belief that the credit rating exercise no longer reflects a good understanding of the Bank’s Establishment Agreement, its

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‘Fortresses Of Sovereignty’: Africa’s Growth Architects Stepping Up To Bridge The Funding Gap

AADFI News, Members News /

Source: ForbesAfrica.com As global capital tightens, African multilateral development finance institutions are turning inward—mobilizing domestic savings, rethinking industrial policy, and building a new ecosystem of patient, locally-anchored capital. In the boardrooms and finance ministries from Cape Town to Cairo, they are the glue holding public policy and private investment together, chaneling good resources to critical sectors–as the ultimate

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Agricultural Finance Corporation (AFC) awarded SSCI Certification

Members News /

The Agricultural Finance Corporation (AFC) has been awarded the Sustainability Standards and Certification Initiative (SSCI) Certification, a prestigious recognition that positions it as a pioneer in green and inclusive finance in Kenya. This historic milestone makes AFC the first institution in Kenya to achieve SSCI certification, reinforcing its commitment to aligning agricultural financing with global

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2026 AADFI Annual General Assembly

The Association of African Development Finance Institutions (AADFI) is pleased to announce that its 2026 Annual General Assembly will take place from May 24 to 29, 2026, in Brazzaville, Republic of Congo, on the sidelines of the African Development Bank (AfDB) Annual Meetings.

The Annual General Assembly will be held on the theme “Augmenting Sovereign Finance in Africa: DFIs Unlocking Growth and Resilience through NAFA,” with a focus on the transformative role of African Development Finance Institutions (DFIs) in strengthening Africa’s financial sovereignty. The discussions will align with the AfDB-led New African Financial Architecture (NAFA), a system-level framework designed to mobilize long-term investment, reduce Africa’s cost of capital, and reinforce resilience through coordinated financial systems and deeper domestic capital markets.

The Annual General Assembly will convene leaders of African DFIs, government officials, regional institutions, and development partners to further explore how African DFIs can catalyze local investment, de-risk strategic projects, and strengthen economic autonomy to build resilience against global shocks and bridge the continent’s infrastructure funding gap.

Further details will be shared in the coming weeks.

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