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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

Considerations of climate action have become a core business of the Uganda Development Bank. We hear from managing director Patricia Ojangole what this means in practice. Uganda has updated its climate change plan, also known as its Nationally Determined Contributions (NDCs), to reflect its increased commitment to tackle the global challenge. Unveiled in 2023, the

By Henry Falaiye The Development Bank of Nigeria has won the 2022 Arab Gulf Programme for Development Prince Talal International Prize for Human Development, for its work on ‘Sustainable Development Goal 8 Decent Work and Economic Growth’. A statement disclosed that the bank emerged winner of the first category having competed with over 100 projects within

Arshad Rab, CEO, of the European Organisation for Sustainable Development, and Chairman, of the International Sustainability Council, is urging African financial institutions to focus more on becoming sustainable and embrace sustainability holistically, stressing that too much focus on reporting is unhealthy. In a chat with CNBC Africa on the side-lines of the Nigeria Sustainability Summit 2023, Rab says comprehensive metrics are being developed to drive sustainability.