On the occasion of its Annual Meetings, to be held from 22 to 26 May 2023 in Sharm el Sheikh, Egypt, the African Development Bank Group plans to highlight the role that multilateral development banks could play in building a new development architecture beyond the financial. The importance of this subject stems from the fact…
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The Board of Governors of the ECOWAS Bank for Investment and Development (EBID), comprising the Ministers of Finance and / or Economic Planning of the fifteen ECOWAS member states, has unanimously re-appointed Dr George Agyekum Nana Donkor as President of the Bank for the second term of five years beginning February 1, 2024. The appointment…
The African Development Bank Group has today announced the 13-month debarment of Société Bel Mabrouk Des Travaux et Investissements S.A.R.L with effect from 11 April 2023. Société Bel Mabrouk Des Travaux et Investissements S.A.R.L is a limited liability company registered under the laws of Tunisia. According to the African Development Bank, an investigation conducted by…
African Banker magazine has announced the shortlist of nominees for this year’s edition of its African Banker Awards. The 2023 edition of the Awards ceremony is set to spotlight SMEs, women and gender; A new category has been introduced to recognize efforts towards bolstering financial inclusion of women across the continent Since their inception…
The African Development Fund and Smart Africa Alliance have jointly launched a $1.5 million project to streamline digital trade and e-commerce policies across 10 African countries. The project will see to the implementation of regional training and capacity-building programs focusing on cross-border e-payment and e-commerce for governments, private sectors, and SMEs. The Institutional Support for…
As global financial institutions continue to reduce or eliminate fossil fuel lending, emerging producers like Namibia are seeking to drive local and regional financial participation in capital-intensive projects and trade infrastructure. A finance-focused panel at the 2023 Namibia International Energy Conference explored new pathways to financing and developing capital-intensive African energy and infrastructure projects. Under…
The African Development Bank Group has launched a six-month campaign to sensitize its internal and external stakeholders on its new Whistleblowing Policy, approved by the Boards of Directors in January this year. The Whistleblowing Policy 2023 builds on a 2007 policy, which at the time was widely considered as progressive and reflective of the value…
Gabon is a country on the move. Powered by forward-thinking policies and a cleaner, more sophisticated oil and gas industry, the country is attracting the attention of investors again on the promise of returning to consistent GDP growth last seen in the 1990s. Many of these plans were put on hold by the COVID-19 pandemic,…
Africa, the continent that pollutes the planet the least, is today one of the world’s most vulnerable to climate risks. While nations across the continent grapple with financing constraints, resources from the international private sector, including multilateral development financiers such as the African Development Bank are helping to catalyze climate action and green growth. For…
