Members News

(Extract from the 2023 Annual Report of AADFI) The year 2023 was marked by several noteworthy events, including the ongoing Russia–Ukraine war, the conflict between Israel and Hamas militants, intensified trade disputes between China and the United States, geo-political tensions, the increased impact of climate change that prompted diplomatic agreements1, and numerous climate adaptation and mitigation measures. […]

The Development Bank of Nigeria Plc (DBN) has secured accreditation status for the $250 million Green Climate Fund (GCF). By the accreditation, the DBN becomes the first Direct Access Entity (DAE) and the only authorised Nigerian channel for accessing green financing from the GCF. Speaking on this landmark in Abuja yesterday, the Managing Director of

•Women most beneficiaries of DBN investments with 72% – Okpanachi By Juliet Umeh Four Nigerian startups with innovative ideas around green and renewable energy have won a total of N20 million in seed funding from the Development Bank of Nigeria, DBN, at the bank’s 2024 Techpreneur Summit. The summit, in its third stage, held in Lagos

INTRODUCTION In an inspiring move towards enhancing the socioeconomic fabric of Botswana, the Government has initiated the Chema-Chema Fund, aimed directly at invigorating the informal sector. This initiative is not just a financial boost but a comprehensive support system for the grassroots level entrepreneurs who are often overlooked by conventional economic policies. BACKGROUND The Chema-Chema

The Export-Import Bank of India (India Exim Bank) has been organising the Africa-India Partnership Day (AIPD) as part of the events associated with the Annual Meetings of the African Development Bank Group (AfDB), starting with Marrakech (in 2013), and followed by Kigali (in 2014), Abidjan (in 2015), Lusaka (in 2016), Ahmedabad (in 2017), Malabo (in

The week of 27 to 31 May 2024, marked a significant milestone in Africa’s journey towards sustainable urban development. Embodied by the energy of the African Development Bank (AfDB) Annual Meetings in Nairobi, a pivotal discussion unfolded, focusing on the promising concept of smart cities across the continent. Throughout the meeting, profound conversations took place

Abidjan, June 10, 2024 – The African Banker Awards 2024, held on May 28, 2024, in Nairobi, Kenya, celebrated innovation, resilience, and excellence in Africa’s banking sector. This year’s event was particularly notable for the Association of African Development Finance Institutions (AADFI) following the outstanding recognition of some of its members at the event. AADFI members were shortlisted for

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PETER DANIEL ONIMISI (Ph.D.) Most sub-Saharan African currencies have depreciated against the US dollar, exacerbating inflationary pressures across the continent as import prices surge. This, together with a growth slowdown, leaves policymakers with difficult choices as they balance keeping inflation in check with a fragile economic recovery[1]. [1] https://www.imf.org/en/Blogs/Articles/2023/05/15/african-currencies-are-under-pressure-amid-higher-for-longer-us-interest-rates

A post-COP28 dialogue: What are the key takeaways for the African financial sector? As part of the successful webinar series on climate change that MFW4A started in 2023, this webinar, held on 5 March, was the first of 2024 and 290 people attended. The key question running through all the discussions was: What can the