Source: African Development Bank Group (AfDB) |

“Women are an excellent investment”: finance leaders call for increased support for in women in business

In Africa, 70% of women are excluded financially and there is a $42 billion financing gap between men and women

Leaders from multilateral development banks, financial institutions and the private sector called on peers to dispel myths about women being too “high risk” for financing - and to offer more financial services for women in business to close the gender finance gap. “We know that women are a good bet.…

Source: U.S. Embassy - Cairo |

U.S. commits $430 Million in Insurance to Natural Gas Project in Egypt

Insurance will support infrastructure that advances energy security

Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), announced a commitment to provide $430 million in insurance to advance energy security in Egypt by rehabilitating a natural gas pipeline and transporting natural gas from fields offshore in Israel. The announcement was made at the Investment…

Source: United Nations Economic Commission for Africa (ECA) |

Experts Discuss Fiscal Risks in Public Private Partnerships

Given there is no single definition of Public Private Partnerships (PPPs), experts agreed that Africa should define and determine the PPPs that are relevant to its context

The Macroeconomics and Governance Division of the Economic Commission for Africa (ECA) on Tuesday held an Experts’ Group Meeting (EGM) to review and validate the draft study on “Fiscal Risks in PPPs: A Benchmark Study on Africa.” In attendance were representatives of PPP Units, the World Bank, academia, and the…

Source: WHO Regional Office for Africa |

Diabetes is a Family Affair in Kenya

Diabetes is a chronic disease that occurs either when the pancreas does not produce enough insulin

Alara Amin was 4 years old when she was diagnosed with type 1 diabetes. In the five years since, she has become actively involved in managing her condition, which is also a family and school affair. Even her 4-year-old brother understands that she must have insulin injections three times a…

EY
Source: EY |

Southern Africa’s Top Entrepreneurs Announced in Johannesburg, South Africa

This year’s finalist group and of course, the winners, have built businesses across all sectors offering innovation and exceptional acumen and leadership

Southern Africa’s top three entrepreneurs were named at the 22nd Annual EY (https://www.EY.com) World Entrepreneur Awards gala dinner in Johannesburg on Wednesday 13 November 2019. CEO’s, Founders, and leading entrepreneurs attended the Southern Africa programme of the world’s most prestigious business awards for entrepreneurs: the Global EY Entrepreneur Of The…

Source: African Development Bank Group (AfDB) |

African Development Bank Group becomes a shareholder in Africa Finance Corporation

The Bank Group’s investment in Africa Finance Corporation (AFC) will enable both institutions to accelerate infrastructure development and delivery on the continent

Shareholding follows investment of $50 million in AFC’s equity by Bank Group; African Development Bank (https://www.AfDB.org) becomes second investment-grade Supranational Finance Institution to join and invest in AFC. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade…

Source: Africa Regional Media Hub |

U.S. International Development Finance Corporation (DFC) and African Development Bank partner to Support Development in Africa

The memorandum of understanding (MOU) was signed at the Africa Investment Forum in Johannesburg, South Africa

Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), today joined Akinwumi Adesina, President of the African Development Bank Group, to sign a memorandum of understanding (MOU) strengthening collaboration in support of development in Africa. The MOU was signed at the Africa Investment Forum in Johannesburg,…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2019: Billion dollar boost for African female entrepreneurs

The European Investment Bank (EIB) expects the gender-lending initiative to allow women to play a more active role in economies

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what the EIB has…

Source: African Trade Insurance Agency (ATI) |

European Investment Bank Expands Trade & Investment Insurance Benefits to West Africa

Agreements for intended financing signed at African Investment Forum

European Investment Bank supports expanded membership of Africa Trade Insurance Agency (http://www.ATI-ACA.org/); Availability of investment insurance to strengthen investment and reduce project financing costs; Agreements for intended financing signed at African Investment Forum. The European Investment Bank today formally agreed to support the membership expansion of the African Trade Insurance…

Source: British High Commission Pretoria |

South Africa: celebrating co-operation between BoE and South African Reserve Bank (SARB)

This initiative further strengthens the relationship between the two central banks and is part of the UK’s broader efforts to support economic prosperity in South Africa

Following a successful 18-month pilot, the BoE Stockbrokers will continue a programme of training and technical co-operation first agreed on 17 April 2018 with the SARB (South African Reserve Bank) until March 2022. This initiative further strengthens the relationship between the two central banks and is part of the UK’s…