Members News

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 […]

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

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

Introduction: This being the speech by Arshad Rab, CEO, European Organisation for Sustainable Development (EOSD) and Chairman, International Council of Sustainability Standards, during the Executing Session for central banks and commercial banks implementing the EOSD’s Sustainability Standards and Certification Initiative (SSCI), on 22 January 2025. Thank you, Patricia, for organising this session and congratulations on

Africa’s public development banks are under-financed and they must be fully mobilised to meet the continent’s climate and economic challenges. Faced with unprecedented challenges—the disproportionate impact of climate change, the economic after-effects of the pandemic and the announced reduction in European development aid—the African continent must make the most of its resources and assets to build

This op-ed was originally published on Capital Ethiopia and Addis Fortune. Ethiopia is an attractive destination for private capital due to its large population, abundant natural resources, and strategic location in East Africa. From 2004-2015, real economic growth in Ethiopia accelerated to 10.2% per annum, thanks in large part to a public investment-led growth model implemented since the

This op-ed was originally published on ImpactAlpha. Innovations are accelerating Africa’s economic transformation. After two decades of continued economic growth, lingering impacts of the COVID-19 pandemic and recent global economic pressures have knocked the continent off track on almost all Sustainable Development Goal targets. Substantial resources – $1.3 trillion a year or 42% of Africa’s $3.1 trillion gross

The Uganda Development Bank (UDB) Ltd has been granted the Sustainability Certification for adapting the Sustainability Standards Version 2.0.  The Certification was conferred on the UDB at the Karlsruhe Sustainable Finance Award on November 22, 2024, held in Karlsruhe, Germany. The UDB successfully completed the Sustainability Standard Version 2.0 to merit the Award. The Uganda

The Bank of Industry (BOI), Nigeria’s foremost development finance institution, marked its 65th anniversary with the announcement of groundbreaking milestones, including mobilizing over $5 billion from international capital markets. This feat solidifies BOI’s role as a critical driver of industrialization, economic development, and MSME empowerment in Nigeria. BOI’s Commitment to Nigeria’s Economic Transformation Speaking at the anniversary media

As Nigeria grapples with economic challenges, institutions like the Bank of Industry (BOI) play a critical role in providing funding for the private sector and fostering development. Development finance institutions (DFIs) are tasked with bridging these gaps through direct loans, on-lending, equity investments, and other mechanisms that encourage investment. Over the past year, Dr Olasupo