ShEquity
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    • Pauline Koelbl, founder of ShEquity
    • ShEquity Superfluid Co-founders
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Source: ShEquity |

USAID Trade Hub Partners with ShEquity to Catalyze Investment in Women-Owned or Led Businesses in West Africa

A Gender-Lens Investor, ShEquity Aims to Close the Gender Funding Gap in Africa by Providing Smart Investment to African Female-owned and Led Businesses

With a $1.2 million co-investment grant from the USAID-funded West Africa Trade & Investment Hub (www.WestAfricaTradeHub.com) (Trade Hub), ShEquity Partners (www.ShEquity.com) (ShEquity), an investment firm that promotes women’s entrepreneurship in Africa, will invest in and support more than 100 high-potential women-owned or led businesses. According to Pauline Koelbl, Founder and…

Source: African Development Bank Group (AfDB) |

Joint Statement of the Government of the Republic of South Africa and the African Development Bank in relation to South Africa’s Just Energy Transition process

The African Development Bank is playing a leading role in supporting African countries on their just energy transition journeys with policy advice, technical assistance, and financing

South Africa submitted an ambitious Nationally Determined Contribution (NDC) prior to COP 26. At COP26, the South African government also forged the Just Energy Transition Partnership (JETP) jointly with the governments of the United Kingdom, the United States, France, Germany and the European Union. Under the JETP, partner governments pledged…

African Development Bank Group (AfDB)
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    • At the African Development Bank's financial presentation and unveiling of the Annual Development Effectiveness Review on May 26, 2022: (L-R) Hassatou N'Sele, Acting VP for Finance and CFO; Solomon Quaynor, VP, Private Sector, Infrastructure, and Industrialization; Yacine Fal, Acting VP, Regional Development, Integration and Business Delivery; Beth Dunford, VP, Agriculture, Human and Social Development; and Kevin Kariuki, VP, Power, Energy, Climate, and Green Growth.
    • Annual Development Effectiveness Review 2022 (1)
    • Annual Development Effectiveness Review 2022 (2) (FR)
    • Annual Development Effectiveness Review 2022 Cover (1)
    • Annual Development Effectiveness Review 2022 Cover (2) (FR)
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Source: African Development Bank Group (AfDB) |

Africa’s Recovery Remains Uneven; More Resources Are Needed -African Development Bank Report

With the support of the Bank’s rapid Covid-19 Response Facility, more than 300,000 small and medium enterprises received affordable finance

An African Development Bank (www.AfDB.org) report released Thursday shows that the institution was pivotal in 2021, delivering timely investments that are helping millions of Africans overcome the unprecedented challenges caused by the Covid-19 pandemic. Published annually for the past 12 years, the Annual Development Effectiveness Review analyses the Bank's role…

Cellulant
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    • From Left to Right - Richard Gesimba, Cellulant’s Head of Sales; Global & Regional Merchants , Mr Idorenyin Obong, Grey’s CEO , David Waithaka, Cellulant’s Chief Revenue Officer & Mr Femi Aghedo, Grey’s COO
    • From Left to Right - Mr Idorenyin Obong, Grey’s CEO , Richard Gesimba, Cellulant’s Head of Sales; Global & Regional Merchants & Mr Femi Aghedo, Grey’s COO
    • From Left to Right - Richard Gesimba, Cellulant’s Head of Sales; Global & Regional Merchants , Ms Fionah Umulisa, Grey’s Regional Director , Mr Idorenyin Obong, Grey’s CEO , David Waithaka, Cellulant’s Chief Revenue Officer , Grace Maina, Account Manager; Global & Regional Merchants & Mr Femi Aghedo, Grey’s COO
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Source: Cellulant |

Fintech Startup Grey Partners with Payments Company Cellulant for East Africa Expansion

Grey, a Y-combinator backed fintech startup, offers a unique international money transfer service that enables its users to send and receive international payments without restrictions quickly

Grey (https://bit.ly/grey-reg-pc) has announced the launch of its service to East Africa starting with Kenya in partnership with Cellulant (www.Cellulant.io). Its products, including foreign bank accounts, instant currency exchange, and international money transfers, are now available to Kenyan residents who sign up on Grey. In partnership with Cellulant, Grey (https://bit.ly/grey-reg-pc)…

Source: Ecobank |

Ecobank Transnational Incorporated holds its 34th AGM and Shareholders approve resolutions

Shareholders applauded the Group’s impressively strong performance in 2021, which was achieved despite the challenging environment

Ecobank Transnational Incorporated (“ETI”), the parent company of the Ecobank Group (www.Ecobank.com), the leading pan-African bank with operations across 33 African countries, today held its 34th Annual General Meeting (AGM) in Abidjan, Côte d’ Ivoire. Alain Nkontchou, Chairman Ecobank Group said: “2021 was a transformational year for the Group and…

African Development Bank Group (AfDB)
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    • (Left to right) Acting Chief Economist and VP Kevin Urama and VP for Power, Energy, Climate and Green Growth, Kevin Kariuki, President Akinwumi Adesina unveil the 2022 African Economic Outlook
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Source: African Development Bank Group (AfDB) |

African Economic Outlook 2022: Africa’s 2021 economic rebound impacted by lingering Covid-19 pandemic and Russia-Ukraine war

Africa’s gross domestic product grew by an estimated 6.9% in 2021

Africa’s gross domestic product has recovered strongly in the last year, but the lingering effects of the Covid-19 pandemic, Russia’s invasion of Ukraine and the ensuing war could pose considerable challenges in the medium term. This is according to the 2022 African Economic Outlook, released by the African Development Bank…

African Development Bank Group (AfDB)
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    • Through appropriate capacity building programmes, Sahel countries will increase their own capabilities to accelerate their energy transition
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Source: African Development Bank Group (AfDB) |

African Development Bank, MASEN and RES4africa to co-organise training programme for Sahel countries

The planned sessions are relevant to all aspects of the solar energy value chain and landscape – from utility scale to decentralized uses

The African Development Bank (www.AfDB.org), MASEN and RES4Africa have agreed to join forces on a dedicated solar energy training programme in 2022, to foster the uptake of solar energy in five Sahel countries. The programme, to be conducted in Burkina Faso, Chad, Mali, Mauritania and Niger, will focus on energy…

African Development Bank Group (AfDB)
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    • African Development Bank Group Annual Meetings 2022: Harness the collective institutional financial strength of Africa to meet development needs and fight climate change, Ghana says
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Annual Meetings 2022: Harness the collective institutional financial strength of Africa to meet development needs and fight climate change, Ghana says

Harness the collective institutional strengths of Africa for sustained transformation - President Nana Dankwa Akufo-Addo

The African Development Bank Group (www.AfDB.org)’s annual meetings officially opened on Tuesday with a ringing endorsement of the institution by the Ghanaian government and a call on member countries to back the institution as the main engine for the continent’s economic growth. Accra is host of the group’s annual gathering,…

Source: 350.org |

Artistes Join Climate Activists in Multiple Concerts and Actions Across Africa, to Oppose East African Crude Oil Pipeline (EACOP), Put TotalEnergies and its Financiers on the Spot

The planned actions included a march, delivery of a petition to TotalEnergies in Uganda and Tanzania, a concert in Goma, DRC on 25th May, as well as concerts set for the 27th of May in Nairobi, Kenya and Dar es Salaam

As Africans commemorate Africa day on Wednesday, local artists joined climate activists in Uganda, Kenya, Tanzania and the Democratic Republic of Congo to mark it by holding concerts and actions during the week, to highlight the dangers of the proposed East African Crude Oil Pipeline (EACOP). Climate activists who attended…

350.org
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    • Climate defender Michael David Terungwa during the delivery of an open letter to AfDB in Nigeria in November, 2020
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Source: 350.org |

Forgotten Promises: Civil Society’s Engagement with the African Development Bank (By Dean Bhebhe, Charity Migwi, Aurelie Kalenga)

The AfDB is yet to provide any legitimate explanations as to why it sidelined the voices of African civil society

By Dean Bhebhe - Campaigns Coordinator at the African Climate Reality Project; Charity Migwi - Africa Regional Campaigner at 350.org; Aurelie Kalenga - Communications Manager at the African Climate Reality Project. “Coal is the past, and renewable energy is the future” These were the words of African Development Bank (AfDB)…