African Development Bank Group (AfDB)
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    • Unveiling the Zimbabwe Economic Report: from left to right – Malcolm Pautz, G:ENESIS Analytics; Damoni Kitabire Country Manager COZW; Zvinechimure R. Churu, Principal Director Ministry of Finance and Economic Development; Walter Odero, Principal Country Economist COZW; Ferdinand Bakoup, Ag. Director ECCE; and George A. Kararach, Lead Economist RDGS
    • A section of participants at the launch
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Source: African Development Bank Group (AfDB) |

“Building a new Zimbabwe”, a flagship report launched by the African Development Bank to spark the country’s economic development

It provides the current government, the donor community, and the private sector with a detailed assessment of investment opportunities in Zimbabwe

The African Development Bank (AfDB) (www.AfDB.org) has launched a flagship economic report on Zimbabwe, titled: “Building a new Zimbabwe: Targeted policies for growth and job creation” which aims to support renewal and transformation of the country. Prepared by the Bank Group’s Economic Governance and Knowledge Management Vice-Presidency, the report was…

Source: African Development Bank Group (AfDB) |

African Development Bank to play bigger role in African economies by investing in infrastructure private equity

The Bank’s investment will also ensure the highest environmental and social standards are applied to Africa Infrastructure Investment Fund (AIIF3)

The Board of Directors of the African Development Bank (www.AfDB.org) has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM). AIIM is one of Africa’s most experienced infrastructure fund managers. The…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: a new bold vision tilts capital flows into Africa

The Forum highlighted a solid pipeline of projects and wealth of opportunities ready for investors

“Vision is the art of seeing what is invisible to others,” a saying goes. When African Development Bank (www.AfDB.org) President Akinwumi Adesina laid out his vision to tilt the flow of capital into Africa by convening the first transaction-based investment forum, many did not see what was coming ahead. One…

Source: African Development Bank Group (AfDB) |

A-List Attendees throw weight behind Africa Investment Forum 2018

Prominent foreign envoys in attendance at the Forum, signaled growing interest in trade and partnership deals in Africa from Europe and overseas

Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently concluded inaugural Africa Investment Forum (AfricaInvestmentForum.com) as an unprecedented game changer for Africa. South Africa’s President Cyril Ramaphosa has described the Forum, convened by the African Development Bank…

Source: Temenos |

Temenos announces fund administration partnership with Curo

South Africa’s largest third party administrator to migrate 3,000 funds to Temenos Multifonds Global Accounting platform

Temenos (SIX: TEMN) (www.Temenos.com), the banking software company, today announced a new partnership with Curo Fund Services (www.CuroFund.com), South Africa’s largest third party administrator. Curo provides investment operations and fund accounting services to life companies, asset managers and multi-managers, and has assets under administration of more than $150bn. Under this…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: African Development Bank achieves significant progress with energy projects across Africa

Noteworthy gains were realized in the energy sector as various expressions and letters of interest were signed for projects in Ethiopia, Ghana, Angola and Cameroon

The just-concluded Africa Investment Forum (AfricaInvestmentForum.com) successfully convened key stakeholders, and provided an unprecedented platform for effective dialogue to drive investments into the continent. Running on the margins of the Forum, the Africa Energy Market Place (AEMP) (https://bit.ly/2PXQEa3) progressed with country-specific discussions that began at the inaugural AEMP in July 2018…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: African Financial Alliance on Climate Change (AFAC) unveils guiding principles

Its Steering Committee, which provides overall direction and guidance, is constituted to ensure representation by key institutions within the African financial sector

The African Financial Alliance on Climate Change (AFAC) unveiled its guiding principles at the recently concluded Africa Investment Forum (www.AfricaInvestmentForum.com). Launched in June 2018, AFAC aims to increase financial sector participation in climate action, in order to raise the share of investments that support low-carbon and climate-resilient development in Africa. Its…

Source: African Development Bank Group (AfDB) |

African Development Bank launches Africa Energy Portal

The African Development Bank has launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg

 “Building a Knowledge Base to De-Risk the Energy Sector in Africa,” brought together investors, policy makers and government officials for a presentation of the new initiative on Friday 9 November, the final day of the Forum. The AEP portal, hosted at http://Africa-Energy-Portal.org, will consolidate, validate, and disseminate energy data and…

Ecobank
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    • Dr Fatoumata Nafo - Traore IFRC Director, Africa Region and Ecobank CESA Regional Executive and MD Kenya exchange documents after signing an agreement aimed at strengthening local communities in Africa
    • Ecobank Kenya Head of Legal Carol Mbenge - standing - guides IFRC Director, Africa Region Dr Fatoumata Nafo - Traore and Ecobank CESA Regional Executive and MD Kenya Mr Sam Adjei on the partnership agreement
    • IFRC Africa team left - right Mr Samuel Asamoah, Mr Euloge Ishimwe and Director Africa Region Dr Fatoumata Nafo - Traore
    • IFRC Africa team left - right Director Africa Region Dr Fatoumata Nafo - Traore, Communications Manager Africa Region Mr Euloge Ishimwe and Head Policy, Strategy Africa Region Mr Samuel Asamoah,
    • Ecobank Group and IFRC teams at the Ecobank Kenya and CESA Regional Hub for the partnership signoff ceremony
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Source: Ecobank |

Ecobank partners with the International Federation of Red Cross and Red Crescent Societies (IFRC) to strengthen local communities in Africa

The growing gap between funds needed by humanitarian groups and funds available to them is a major cause of communities’ vulnerability to disasters

Ecobank (www.Ecobank.com) and the International Federation of Red Cross and Red Crescent Societies (IFRC) (www.IFRC.org) have signed an agreement to work closely together to empower local communities to cope with disasters more efficiently. “Many innocent lives continue to be lost in Africa simply as a result of insufficient investment in…

Source: Control Risks Group Holdings Ltd |

Africa Risk-Reward Index November 2018: investment climate strengthens as continent’s growth revives despite the drag from its biggest economies

The report now projects an accelerating resurgence in growth in Sub-Saharan Africa (SSA) to the end of the decade that will see strengthening investment returns versus risk

Africa’s investment environment for both businesses and financial investors is now reviving, with a continuing and steady improvement in the trade-off between risk and reward as growth on the continent rebounds, the third edition of the Africa Risk-Reward Index from specialist risk consultancy Control Risks (www.ControlRisks.com) and Oxford Economics (https://www.OxfordEconomics.com/) finds.…