Members News

Celebrating Excellence: AADFI Members receive accolades at the 2024 African Banker Awards

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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Exchange Rate Volatility and its Effect on Inflation in Nigeria (Jan 2024 – April 2024)

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

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Uganda Development Bank on a mission to support green projects and attract international investors

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

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EOSD CEO: Corporates need to embrace sustainability holistically

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.

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