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AADFI held its 2021 consultative forum for HR Professionals in African DFIs

Abidjan, Côte d’Ivoire, March 19, 2021 — Given the huge impact of the coronavirus pandemic and other disruptions of the social, economic, and environmental system, proactive organizations are redefining the purpose of their existence and focusing their actions on sustainability to deliver on broader societal goals of ensuring that beyond profit, organizations matter: that people, […]

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African Development Bank named the World’s Best Multilateral Financial Institution 2021 by Global Finance

The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development Bank as the “Best Multilateral Financial Institution in the world for 2021”.  The award is a global recognition for the path breaking efforts of the African Development Bank as it transforms itself into a solutions bank for Africa,

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6 Reasons Why Africa’s New Free Trade Area Is A Global Game Changer

[kc_row use_container=”yes” force=”no” column_align=”middle” video_mute=”no” _id=”592318″][kc_column width=”100%” _id=”566209″ css_custom=”{`kc-css`:{`any`:{`typography`:{`text-align|`:`justify`}}}}” _css_inspector_marginer=”{`kc-css`:{`any`:{`box`:{`padding|`:`0px inherit inherit inherit`}}}}”][kc_column_text _id=”238616″] • AfCFTA, the largest global free trade area by countries participating, could transform the continent’s economic prospects. • It aims to be a model of cross-border cooperation in an era of growing isolationism.• The agreement must overcome implementation challenges to realize

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AADFI Releases the Report of the 10th PSGRS Peer Review

Abidjan, Côte d’Ivoire, February 9, 2021 — The Association of African Development Finance Institutions (AADFI) published the Report of the 2020 Prudential Standards, Guidelines, and Rating System (PSGRS) Self-Assessment and Peer Review on Friday, February 5, 2021, following its approval by the AADFI Board of Directors (BOD) at its 98th meeting held on February 1,

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Passing on of Mr. Audace Bukuru, AADFI Regional Representative for Central Africa

Abidjan, Côte d’Ivoire, January 26, 2021 — The Association of African Development Finance Institutions (AADFI) regrets to announce the passing on of Mr. Audace Bukuru on January 22, 2021. Mr. Bukuru, until his death, was the AADFI Regional Representative for Central Africa and Chief Executive Officer of the Banque Nationale pour le Développement Économique (BNDE).

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The first Global Summit of all public Development banks – Newsletter N°2 December 2020

[kc_row use_container=”yes” _id=”656061″][kc_column width=”100%” _id=”2514057″][kc_column_text 0=”” _id=”419631″] La session plénière du FiCS du 12 novembre a été l’occasion de mettre en évidence la capacité d’action concrète des APB, en application des directives gouvernementales et au service d’une transition juste. Emmanuel Macron, président de la République française, a été rejoint par Macky Sall, président de la

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AADFI Held Its 46th Ordinary General Assembly

The Association of African Development Finance Institutions (AADFI) successfully held its 46th Ordinary General Assembly (OGA) on November 30th, 2020. It was the first OGA meeting of the AADFI held virtually in the history of the Association, due to the Covid-19 pandemic. Mr. Thabo Thamane, Chairman of the AADFI and CEO of Citizen Entrepreneurial Development Agency (CEDA),

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European Development Finance Institutions Announce Joint Ambitions for Climate Action

EDFI group outlines shared commitments to phase out fossil fuels and mobilise private sector climate finance, aligning with Paris Agreement and high disclosure standards. The Association of European Development Finance Institutions (EDFI), which has a combined $50 billion under management in emerging and frontier markets, has announced that its 15 publicly-owned member institutions will align

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Africa needs urgent trade finance boost in the wake of COVID-19, report finds

There is an urgent need for financing to reenergize Africa’s trade in the wake of the COVID-19 pandemic, according to the latest trade finance report released jointly by the African Development Bank and the African Export-Import Bank. According to the report, only 40% of Africa’s trade is bank-intermediated – a far lower share than the

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