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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 […]

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

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

The Global Sustainable Finance Conference stays focused on addressing systemic issues and highlights a big-picture perspective.

The Global Sustainable Finance Conference stays focused on addressing systemic issues and highlights a big-picture perspective.

The Global Sustainable Finance Conference stays focused on addressing systemic issues and highlights a big-picture perspective.

The Global Sustainable Finance Conference stays focused on addressing systemic issues and highlights a big-picture perspective.

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

The Global Sustainable Finance Conference stays focused on addressing systemic issues and highlights a big-picture perspective.

African Business Magazine – 26/08/2025 Patricia Ojangole speaks to the imperative of low cost and patient capital and effective management in helping to fulfil DFI mandates. Patricia Ojangole exudes calm as she sits down for our impromptu interview on the sidelines of the Trade and Development Bank Group’s (TDB Group) Annual General Meetings in Kigali,

It is the desire for all technology innovators to convert an innovative idea into a profitable and sustainable business that offers current and future solutions. However, this requires the Government to intervene in providing an enabling environment including but not limited to policy, regulations, reliable infrastructure as well as ensuring universal service and access. The

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

It is the desire of most investors to maximize return on investment especially at times when the dynamics in the business operating environment are changing at the tick of the chronometer per minute.  It is, however time for financial institutions to broaden their perspective and consider more than just profits, capital gains, and industry growth

The African Development Bank is set to host its second Transport Forum to address the continent’s critical infrastructure and logistics challenges. Scheduled to begin today, 18 September, and run for three days in Abidjan, Côte d’Ivoire, the forum will rally key stakeholders from across the continent for a transformative conversation under the theme “Africa on

Midrand, 19 September 2024 – The fifth Finance in Common (FiCS) annual summit will take place on Feb. 26-28, 2025, co-hosted by the Development Bank of Southern Africa (DBSA) and the Asian Infrastructure Investment Bank (AIIB) in Cape Town, Republic of South Africa, with the support of AFD (Agence Française de Développement). Aligning with South Africa’s upcoming role as Chair of the G20 in

Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution and the Best Bank in East Africa 2024, has today announced its 2023 annual performance, highlighting its continued pivotal role in fostering economic resilience and sustainable growth across key sectors of the economy. UDB’s net loans expanded to UGX1.47 trillion in 2023, reflecting robust

(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

REGISTRATION Please email the completed form to: training@adfi-ci.org with a copy to adfimi@adfimi.org; mail@eosd.org

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.

Africa requires more bankable projects to unlock investment flows from private sector as the continent explores various innovative financing models to tackle the huge gap of accessing climate finance. CNBC Africa spoke to Patricia Ojangole Chief Executive Officer, Uganda Development Bank.

Source: TCX

The Bank of Industry (BOI) is implementing an on-lending financing scheme to be implemented through local development financial institutions and would support customers interested in adopting clean energy solutions. This is a major push to significantly raise the bank’s share of investments in Africa’s renewable energy quest by 2030. Olasupo Olusi, managing director/CEO, BOI, announced

The African Development Bank (AfDB), notes that Africa needs to spend $250 yearly to meet its climate finance needs not only to comply with a greener world nicety but as a strategy for to grow its economy. Climate spending and economic growth, according to reports, have converged in recent years, with the World Bank arguing

The Bank of Industry (BOI) disclosed on Thursday in Abuja that strategic policies are being put in place to enable the bank to contribute about 27 percent of the renewable power generation in Africa by the year 2030. Speaking at the AADFI-AFFIAP CEO Forum, the Managing Director of BOI, Dr Olasupo Olusi, said that, as

The Bank of Industry has secured a credit line of €100 million from the French Development Agency (AFD)] for the expansion of green finance in Nigeria. The bank has also worked with its partners to raise over $5 billion from several International Financial Institutions in the last five years for building a climate –smart Nigeria

The Association of African Development Finance Institutions (AADFI) is calling for actionable plans to incorporate climate-resilient products into African business models to address climate finance needs and derisk sustainable investments in the region. Failure to act may result in Africa losing 5-15% of its projected GDP by 2050 due to the effects of climate change.

The Bank of Industry is set to disburse €100m to support the expansion of Green Energy and the creation of a climate-friendly environment to foster economic growth in Nigeria. This financial backing, secured from the French Development Agency, is dedicated to fostering an eco-friendly environment for enhanced economic prosperity in Africa and Asia. Dr Olasupo Olusi,

Bank of Industry (BOI) has disclosed that plans have been put in place to contribute about 27 percent of the renewable power generation in Africa by the year 2030. Managing Director of BOI, Dr Olasupo Olusi made this disclosure at the AADFI-AFFIAP CEO Forum, He said, as Nigeria’s leading Development Financing Institute (DFI), “one of

The Bank of Industry (BOI) says it secured $5 billion from various international financial institutions in the last five years to boost industrial development in Nigeria. Dr Olasupo Olusi, Managing Director of BOI, disclosed this recently at the AADFI-AFFIAP CEO Forum in Abuja. According to him, Nigeria is very active in resourcing climate-friendly funds to

Development Finance Institutions under the auspices of the Association of African Development Finance Institutions have called for actionable plans to incorporate climate-resilient products into African business models as part of solutions to address climate finance needs and derisk sustainable investments in the region. This was as it revealed that Africa may lose 5 per cent to

The Global Sustainable Finance Conference (GSFC) 2023, which took place in Germany from 6 to 7 July 2023, marked a significant milestone in Sri Lanka’s journey towards establishing a new and sustainable economy. The conference brought together esteemed institutions from Sri Lanka, specifically representing the banking sector with Hatton National Bank (HNB) PLC and SANASA

The Finance in Common’ Coalition for Social Investment, to which the Latin America Association for Financial Development Institutions (ALIDE) is a key member, held a webinar for representatives of Public Development Banks (PDB) in Latin-American and the Caribbean (LAC) and globally, to discuss the role that PDBs can play, in terms of developing an efficient

Could you give us an overview of the Fund and its activities?

FAGACE, a pioneer in the field of bank guarantees in Africa, is an international financial institution that specialises in the promotion of public and private investments. For more than 45 years, it has been working for the economic and social development of its 14 member states facilitating access and financing small and medium enterprises (SMEs). 

Housing Finance Bank has officially kicked off the journey towards becoming a sustainability–certified bank in an event held at their head offices in Kololo. The certification awarded by Sustainability Standards and Certification (SSCI) is given after a comprehensive evaluation of the banks’ environmental, social, and governance (ESG) practices. Acquisition of the certification will provide a

As environmental, social and governance issues come to the core of corporate governance and performance metrics in the corporate world globally, Post Bank Uganda, Housing Finance Bank and Bank of Uganda have taken a step to entrench these values in their operations. This was revealed at the recent launch of the Sustainability Certification Process for

PostBank Uganda, a financial institution that is committed to empowering lives and transforming livelihoods, has today, been enlisted in the Sustainability Standards and Certification Initiative (SSCI) during the launch of the Sustainability Certification Process by Bank of Uganda (BoU) together with the Ministry of Finance, Planning and Economic Development (MOFPED) and the European Organization for

By Moses Oketayot The Minister of Finance, Planning and Economic Development Matia Kasaija has urged the banking industry to create sustainable solutions that promote socio-economic development of people and the country as a whole. “Let us seek solutions for everyone. We must work to ensure that we leave no one behind, as the saying goes

Karlsruhe, Germany – The new version of the Sustainability Standards and Certification Initiative (SSCI) has been finalized and ratified by the International Council of Sustainability Standards.

EXTRACT OF THE FINANCIAL STATEMENTS AND DEVELOPMENT IMPACT FOR THE YEAR ENDED 31ST DECEMBER 2021

May 11, 2022 Derivatives have an important role to play in the development of capital markets in emerging and developing jurisdictions and in enabling a wide range of their end users to better manage the business and financial risks they are exposed to in their normal course of business. This paper seeks to help policymakers

The ICR Facility has launched a Call for Proposals to select our partner banks for the 2022–2025 period. Banks will be asked to submit a set of proposed activities, the majority of which should be activities to empower women’s economic participation or be related to investment approaches that consider gender aspects.

TCX protects the most vulnerable from financial volatility emanating from #currencyrisk. But how do we report on #developmentimpact? Read about it in the 2021 Impact Report, out today! 👇 Some highlights:✔In 2021, we absorbed currency risk for USD 1.4 billion of #sustainablefinance loans into EM and frontier countries✔The majority of these loans support #MSMEs and 14% went to the non-financial sector✔De-risked

Increasing debt management capacity for sovereigns will be a most crucial development challenge for decades to come. The COVID-19 economic shutdown caused a massive increase in debt and currency risk held by governments (Sikarwar, 2021). A recent study reported that 68 sovereigns received credit downgrades since March 2020 (OECD). Moreover, nations need further financing for SDGs and climate pledges.

Pull Quote: Banks need to embrace sustainability, which will put them in the position to turn the current and emerging challenges into historic and long-term success.

In addition to being accountable to their shareholders regarding use of capital and ensuring positive financial performance, National Development Banks (NDBs) are also responsible for the development impact which arises from their interventions.

In addition to being accountable to their shareholders regarding use of capital and ensuring positive financial performance, National Development Banks (NDBs) are also responsible for the development impact which arises from their interventions.

In addition to being accountable to their shareholders regarding use of capital and ensuring positive financial performance, National Development Banks (NDBs) are also responsible for the development impact which arises from their interventions.

The Kenya Development Corporation (KDC) has been accepted into the Sustainable Standards and Certification Initiatives (SSCI) program by the European Organization for Sustainable Development.

Fitch Ratings – London – 21 Sep 2021: Fitch Ratings has affirmed Nigeria-based Bank of Industry Limited’s (BOI) Long-Term Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook. Fitch has also upgraded BOI’s National Long-Term Rating to ‘AAA(nga)’ from ‘AA+(nga)’, reflecting our view of an increased likelihood of support from the Nigerian authorities for

This being the speech as delivered by the Managing Director and CEO of Development Bank of Nigeria (DBN) at the induction ceremony for the Association of African Development Finance Institutions (AADFI) into the Sustainability Standards and Certification Initiative (SSCI) of the European Organisation for Sustainable Development (EOSD). The CEO Session held virtually on Tuesday, August

Wild fluctuations in exchange rates increase economic fragility and often trigger a debt crisis The writer is chief executive of the Nordic Institute for Finance, Technology, and Sustainability Currency risk is the Achilles heel of developing economies that borrow to make investments to increase productivity, reduce emissions and meet sustainable development goals.  About 90 percent of

The Bank of Industry has disclosed that despite the challenging year, group total assets grew from N1.04 trillion to N1.86tr between 2019 and 2020. At its 2020 Annual General Meeting, held virtually, Mr. Aliyu Abdulrahman Dikko, the Chairman of the Board of Directors, attributed the 79.1 percent increase largely to the successful debt syndications of

Lagos, 12 April 2021: Africa Finance Corporation, one of Africa’s biggest investors in infrastructure development, has delivered a 20% growth in total assets during the 2020 pandemic year. AFC’s audited financial statements for 2020 calendar year show strong and continued growth, with total assets reaching US $7.36 billion on Dec. 31, compared with US$ 6.12 billion

The African Development Bank Group will hold its 2021 Annual Meetings virtually, from 23-25 June 2021. This will comprise statutory meetings of the Bank Group’s Boards of Governors, a High-level dialogue, and knowledge events. During these meetings, the Bank Group’s shareholders will assess progress in achieving the institution’s strategic goals and make statutory decisions. #AfDBAM2021

#GreenTransition in #Africa will be the focus of the upcoming EU-Africa Business Forum.Join the #EDFInetwork at the following events: – High-level event “Accelerating the EU-Africa partnership for green energy transition in Africa”: April 16– Digital Marketplace for Green Energy Transition: April 20-21– GetInvest / EDFI side event “Harnessing Innovative Scalable Business Models for the Green Energy Transition in Africa”: 21

Webinar Introducing TCX FI: the first-ever frontier currency bond index Thursday, April 29, 2021 14:00 Amsterdam Time (CEST) Note: please feel free to forward this invitation to interested colleagues we might have missed! Dear Madam/Sir, We are thrilled to announce that this morning TCX has launched the first-ever frontier currency bond index (TCX FI). The informative index tracks

The High-Level Green Talk is embedded in the series of the Green Talks organised by the Portuguese Presidency of the European Council and will take place on 16 April 2021. The event will be the culmination of this roadshow as the wrap up of the initiative. It will consist of a roundtable discussion between high-level

Nairobi, Kenya – Friday, March 26, 2021: Pan African housing development financier Shelter Afrique has returned to profitability as reported in its 2020 earnings. The Company’s Total comprehensive income increased to KSh 196 million (USD 1.85M) in 2020, up from a Total Comprehensive Loss of the KSh 134 million (US$1.26M) recorded in 2019, representing a

The Eastern and Southern African Trade & Development Bank (TDB) has had growing working relationships with America’s foremost public and private sector financial institutions over a couple of decades. Starting in 1993, a TDB program to raise half a billion dollars through the issuance of commercial paper alongside Goldman Sachs Money Markets, L.P. and Merrill Lynch Money Market, Inc. was

Cairo/Abuja, 24 March 2021: – African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a Joint Project Preparation Fund that will provide early project preparation financing and technical support services to public and private sector entities operating in Nigeria’s trade sector. Under the terms of the

New DealRoom Launch The Eastern and Southern African Trade and Development Bank (TDB) and Asoko Insight are pleased to announce the launch of the TDB Renewable Energy DealRoom, to accelerate the financing of renewable energy projects in the region served by TDB.  Building on Asoko’s extensive database of African private sector players and the power

BNI distinguished by the Minister of Budget and State Portfolio, on Wednesday, September 2, 2020, at SOFITEL HOTEL IVOIRE. On Wednesday, September 2, 2020, at the SOFITEL HOTEL IVOIRE, a delegation of BNI composed of the Chairman of the Board, Mr. Souleymane CISSE, accompanied by the CEO, Mr. Youssouf FADIGA, the Financial and Accounting Director,

First of all tell us about Uganda Development Bank (UDB) and its mandate UDB is a wholly government-owned Development Finance Institution (DFI) mandated to finance enterprises in key growth sectors of the economy. We are a key partner to the Government of Uganda in delivering its National Development Plan (NDP) and to deliver this aspiration,

On Friday March 27, 2020, the Banque Nationale d’Investissement (BNI) donates CFAF50 million (about US$82,300) to the Government of Côte d’Ivoire. The check was given by BNI CEO Mr. Youssouf Fadiga to the Supervisory Minister, the Minister for Economy and Finance Mr. Adama COULIBALY, in his offices at the building SCIAM Plateau, Floor 19th. This

As a response to the COVID-19 Pandemic and the disruption it has caused daily lives, CEDA has started The COVID-19 Relief Fund to cushion funded SMMEs in the form of Working Capital, Loan Restructures and other non financial instruments. Further the Agency has started the COVID-19 Essentials Supplies Loan. This is a new product to

IDC is supporting South Africa’s efforts to prepare for the impact COVID-19 will have on our people and economy. The impact on the economy cuts across all economic sectors and includes: – Supply chain interruptions ​ – Access to raw materials cost and quality ​ – Access to markets perishable products lost in transit due

25 March 2020. The Board of Directors of the West African Development Bank (BOAD) gathered for its 116th ordinary meeting, under the chairmanship of Mr. Christian Adovelande, Chairman of the Board of Directors and President of BOAD. On account of restrictions related to the COVID-19 pandemic, the meeting was held through videoconference. As regards the

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