AADFI’s Q4 Highlights
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AADFI’s Q4 Highlights

Advancing Development Finance

Celebrating 50 Years of AADFI

In May 2025, the AADFI will mark its 50th anniversary. This milestone event will witness high-profile knowledge-sharing sessions, policy dialogues, advocacy initiatives, and an awards ceremony to honor excellence in development finance. A special publication titled “AADFI @50: Reflecting on the Past and Perspectives into the Future” will be launched at the event. The event will bring together CEOs of African DFIs, financial institutions, development partners, stakeholders, and friends of AADFI in development. Join and support us in celebrating this historic milestone!

Sponsorship opportunities are available for institutions and partners to align with AADFI’s success. [More on the sponsorship packages and benefits].


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2024 CEO Forum of African DFIs

The 2024 CEO Forum of African DFIs was held from November 4 to 6, 2024, in Ebene, Mauritius, on the theme “Sustaining Development Finance in Africa: Perspectives into the Future,” with over 150 delegates from development finance institutions and stakeholders in 28 African, Asian, and European countries. The forum discussed how to sustain development finance in Africa, given the huge funding requirement for investments in the critical sectors, estimated at $402 billion annually until 2030. [Download the report]

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AADFI Grows with Three New Members

Three institutions joined the AADFI in the fourth quarter of 2024, further strengthening the membership base: Société de Garantie des Crédits aux PME (SGPME) in Côte d’Ivoire, Uganda Development Corporation (UDC) in Uganda, and Eswatini Housing Board (EHB) in Eswatini. The growth in AADFI’s membership attests to the values the Association provides for development finance institutions and other financial institutions in advancing their mandates. The AADFI has continued to strengthen its network and impact across the continent. By joining the AADFI community, the SGPME, UDC, and EHB will stregthen the collective efforts in promoting sustainable development and economic integration in Africa, ultimately contributing to the overall prosperity of the continent.


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AADFI Mobilizes African DFIs for FiCS 2025

The 5th Finance in Common Summit (FiCS) will take place from February 26 to 28, 2025, in Cape Town, South Africa. Co-hosted by the Development Bank of Southern Africa (DBSA) and the Asian Infrastructure Investment Bank (AIIB), with support from the Agence Française de Développement (AFD), this global summit will focus on “Fostering Infrastructure and Finance for Just and Sustainable Growth.” The event aims to drive collaborative action, financial innovation, and progress toward the Sustainable Development Goals (SDGs). [S'inscrire]

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Retreat for the Executive Management of African DFIs

The AADFI will host the 2nd Retreat for the Executive Management of African DFIs from February 24 to 25, 2025, at the Protea Hotel, Fire & Ice (Marriot), Cape Town. The retreat will discuss the path to resilient and pro-sustainability DFIs, providing insights into DFIs’ sustainability toolkit and sharing transformative successes.

Member DFIs, other financial institutions, and stakeholders are invited to join us at FiCS 2025 and the AADFI Retreat for Executive Management in Cape Town. The events offer a unique opportunity to engage with global leaders, share insights, and drive transformative solutions to address the world’s most urgent challenges. [S'inscrire] or contact the AADFI Secretariat at info@adfi-ci.org.

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Global Sustainable Finance Conference (GSFC) 2024 – advancing holistic sustainability

AADFI cooperated with its partner associations, ADFIMI and ADFIAP, and the European Organisation for Sustainable Development for the Global Sustainable Finance Conference 2024, held from November 21 to 22nd, 2024, in Karlsruhe, Germany. Driven by the mission of making business sense of sustainability, this year’s conference focused on how financial institutions can generate profits by creating unique value propositions for their customers and leading social and ecological action in their markets. Against the above backdrop, the conference successfully addressed the role of financial institutions in the changing regulatory and market environment, discussed how to embrace and benefit from true and holistic sustainability, refrain from greenwashing, and turn sustainability from a buzzword to the engine of sustainable business growth. [More…]

 
NEWS


AADFI and Centre for Sustainability Transitions (CST) Agrees to Collaborate on Enhancing the Project Preparation Capacities of DFIs
The AADFI and the Centre for Sustainability Transitions (CST) have embarked on a collaborative research project to address demand-side constraints faced by DFIs in early-stage infrastructure project development. This initiative builds on the findings of the Sustainable Development Investment Partnership (SDIP) and the Development Bank of Southern Africa (DBSA) reports, aiming to provide actionable recommendations and a roadmap for enhancing the project preparation capacities of DFIs. By focusing on strengthening these capabilities, the project seeks to ensure a robust pipeline of bankable infrastructure projects, significantly contributing to the development and implementation of critical infrastructure across Africa.
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The Board of Governors of the WFDFI Convenes in Washington DC on the Sidelines of World Bank Annual Meetings
The Board of Governors of the World Federation of Development Financing Institutions (WFDFI) held its 2025 meeting in Washington, DC, on October 24, 2024, on the sidelines of the World Bank Annual Meetings. The Board reviewed the Federation’s activities over the past year and adopted the work plan for 2025. The WFDFI is the body of continental Associations of DFIs, including AADFI, ALIDE, ADFIAP, ADFIMI, and ELTI. The Federation aims to strengthen global partnerships in promoting development finance and sustainable development.
Research and Publications
The AADFI Releases the 14th Peer Review and Rating of African DFIs Report
The Association of African Development Finance Institutions (AADFI) released the 14th Peer Review and Rating of African DFIs report based on the AADFI Prudential Standards, Guidelines, and Rating System (PSGRS). The exercise covers the assessment of DFIs in the following key aspects: governance, operation, financial management, and development impact. The PSGRS exercise follows a systematic process that includes the participating institutions’ self-assessment with the PSGRS tool before submitting their results to their external auditors for validation and evaluation by the AADFI PSGRS external consultant. [More…]
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Mapping
The Association of African Development Finance Institutions (AADFI) released the 14th Peer Review and Rating of African DFIs report based on the AADFI Prudential Standards, Guidelines, and Rating System (PSGRS). The exercise covers the assessment of DFIs in the following key aspects: governance, operation, financial management, and development impact. The PSGRS exercise follows a systematic process that includes the participating institutions’ self-assessment with the PSGRS tool before submitting their results to their external auditors for validation and evaluation by the AADFI PSGRS external consultant. [More…]
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Reports/Publications from Partners that Made Headlines

Africa’s Pulse: An Analysis of Shaping Africa’s Economic Future

The October 2024 edition of Africa’s Pulse reports a fragile economic recovery in Sub-Saharan Africa, with growth projected at 3% in 2024, up from 2.4% in 2023, driven by increased private consumption and investment. Inflation is expected to decline from 7.1% in 2023 to 4.9% in 2024 and 4.6% in 2025–26 due to tighter monetary and fiscal policies, stabilized currencies, and eased supply chain disruptions. Fiscal balances are improving as governments cut expenditures and raise revenues, but high debt service costs remain a challenge. The region’s growth has been insufficient to reduce extreme poverty and boost prosperity, hindered by slow investment growth, conflicts, and climate change. [More…]

2024 Africa Sustainable Development
Report

The 2024 Africa Sustainable Development Report (ASDR) reviews the status of the implementation of the two Agendas in Africa and offers policy recommendations to facilitate their attainment. As in previous years, the 2024 report aligns with the theme and corresponding Sustainable Development Goals (SDGs) of the high-level political forum on sustainable development (HLPF) selected for any particular year. In this context, the SDGs under review by the 2024 HLPF focus on ending poverty (Goal 1); eliminating hunger (Goal 2); combating climate change (Goal 13); promoting peaceful societies (Goal 16) and strengthening global partnerships (Goal 17). Each SDG is analysed in relation to the corresponding goal of the African Union Agenda 2063. [More…]

State of Blended Finance 2024: Climate Edition, by Convergence Blended Finance

With its continued focus on climate, this year’s report arrives at a pivotal moment in global efforts to combat climate change and achieve the Sustainable Development Goals (SDGs). This edition unveils a complex landscape of opportunities and challenges, emphasizing the role of blended finance in mobilizing private capital for climate initiatives, particularly in Emerging Markets and Developing Economies (EMDEs) [More…]

How Blended Finance Can Enable Ethiopia To Regain Its Place As Africa’s Growth Engine

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 mid-1990’s. However, from 2016-2021 the country saw growth decelerate to 7.8% per annum due to a series of macroeconomic challenges including foreign currency scarcity, mounting debt, and inflation, in addition to structural bottlenecks.. [More…]
Opinion: Three Africa-led blended finance models mobilizing billions for development
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 domestic product in 2023 – are required to achieve the SDGs in Africa by 2030. Africa’s SDG financing gap is equivalent to 0.2% of the value of global financial assets or 10.5% of African held financial assets. The resources exist, yet the current global financial architecture has not delivered. [More…]
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Members News/Activities


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UDBL has been granted the Sustainability Certification for adapting the Sustainability Standards Version 2.0

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 Development Bank and its Managing Director, Patricia Ojangole, were also declared the winner of the Sustainability Leader of the Year Award 2024. Below is the statement regarding Uganda Development Bank Ltd on the Certification and Award by Mr. Arshad Rab, Chairman of the International Council of Sustainability Standards for Value-Driven Financial Institutions. [More…]

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Mr. Admassu Tadesse, Group President and Managing Director of the Trade and Development Bank (TDB) speaking at the 2024 CEO Forum of African DFIs

“Speaking at the CEO Forum of African Development Finance Institutions (DFIs), Mr. Admassu Tadesse, Group President and Managing Director of the Trade and Development Bank (TDB), addressed the critical barriers impeding access to vertical funds, which are vital for addressing climate change and achieving sustainable development goals. ‘This is a serious bottleneck, especially when we are dealing with urgent issues like climate action and SDG implementation’, he stated. Highlighting the need for reforms, he called for streamlined processes, innovative funding solutions, and enhanced collaboration among global and regional stakeholders. These measures, he emphasized, are essential to unlock resources and accelerate Africa’s development priorities, ensuring timely progress toward sustainable growth and resilience.” Par Rudy Veeramundar. [More…]

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Bank of Industry to Disburse N120 billion to 2 million MSMEs by December

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. [More…]

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La Banque Nationale de Développement Agricole, Mali’s first Green Climate Fund accredited entity

Lors de la session de son conseil d’administration tenue le 21 octobre 2024 à Songdo, en Corée du Sud, la Banque Nationale de Développement Agricole (BNDA) a été accréditée par le Fonds Vert pour le Climat (FVC). En tant que deuxième banque de la sous-région à recevoir cette accréditation prestigieuse, la BNDA réaffirme son engagement envers le développement durable et la lutte contre le changement climatique, éléments essentiels pour la résilience de l’économie malienne. [More…]

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BNI: Over 65 Years of Service to Côte d’Ivoire’s Development

Founded in 1959 under the name Caisse Autonome d’Amortissement (CAA), the Banque Nationale d’Investissement (BNI) has always had the noble mission of playing a significant role in the development of Côte d’Ivoire. The name change occurred in 2004 to better align with the new strategic positioning in terms of missions and activities. Besides its credit activities, primarily focused on businesses (84% of the credit portfolio), BNI also acts as a public fund manager on behalf of the Ivorian State. [More…]

Programs
Recent activities
 
CEO Forum of African DFIs | Mauritius 2024.
November 4 to 6, 2024 | English & French | Ebene, Mauritius
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Workshop on Cybersecurity and Data Protection.
November 18 to 20 | English | Virtual
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Professional Certificate Programme in Development Finance – Intermediate Level.
November 18 to 22, 2024 | English | Virtual
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Professional Certificate Programme in Development Finance – Advanced Level
September 2-6, 2024 | English | Abidjan, Côte d’Ivoire
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Atelier sur Le suivi et l’évaluation des projets de développement
November 25 to 29, 2024 | English | Virtual
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Upcoming programs
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