POPULARITY
In this episode of IFC Audio Stories, we explore Mission 300, an ambitious initiative to connect 300 million people in Africa to clean, affordable, and reliable electricity by 2030. Led by the World Bank Group and the African Development Bank Group, this effort highlights the critical role of private sector innovation and investment in expand access to energy. Listen as Valérie Levkov, IFC Global Industry Director for Energy, Metals & Mining, and Sustainable Infrastructure Advisory, and Sarvesh Suri, IFC Regional Industry Director for Infrastructure & Natural Resources in Africa, share insights into the challenges and opportunities in delivering innovative solutions to connect millions of people across the continent.
The African Development Bank Group is urging reforms in the financial architecture for developing countries. It characterizes Ghana's comprehensive restructuring efforts as challenging and slow.
African Development Bank Growth report : Africa will account for eleven of the world's 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released in FEB. Crystal Orderson, Africa Correspondent.See omnystudio.com/listener for privacy information.
The president of the African Development Bank Group, Dr Akinwumi A. Adesina, says the size of Africa's digital economy will rise from $115 billion to $712 billion by 2050. Adesina says it was estimated that the size of digital global wealth would expand from $217 billion in 2022 to over $1 trillion by 2031 with most of this growth already being driven by four countries -Nigeria, South Africa, Kenya and Egypt. He says the creative industry in Nigeria is growing rapidly, in line with similar trend in Africa. The creative industry in Africa generated over $14 billion in revenue annually between 2015 and 2018 and is projected to help create close to three million jobs by 2025.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4090160/advertisement
The Alliance aims to raise up to $500 million of early-stage project preparation and development capital. Goal: boost project bankability and generate up to $10 billion in investment opportunities for the private sector. The African Union, the African Development Bank Group and Africa50—in partnership with several global partners—have launched the Alliance for Green Infrastructure in Africa (AGIA), an initiative to help scale and accelerate financing for green infrastructure projects in Africa. The collaborating global partners working with the African Union, African Development Bank and Africa50 are the European Investment Bank, the European Bank for Reconstruction and Development, the French Development Agency, The Rockefeller Foundation, the US Trade and Development Agency, the Global Center on Adaptation, the Private Infrastructure Development Group, and the African Sovereign Investors Forum Learn more about your ad choices. Visit megaphone.fm/adchoices
Many of us work in what we consider ‘global' organizations, but we do it from the comfort of our home or at a local office. Actually going global, relocating to an entirely different part of the world may not be for everyone, but the opportunities to broaden your perspective and have a lasting impact are second to none. Steve Ashcroft is the Director of General Services and Procurement for the African Development Bank Group. He has spent many years in the world of procurement, including time as a consultant, an educator, and a practitioner. Most interestingly, Steve has vast global experience, and is currently based in Cote d'Ivoire, a country on the coast of Western Africa. In this episode, Philip and Steve discuss: Working successfully across cultures The opportunities that exist when building a procurement capability that spans 44 countries across Africa Why anyone thinking about a career in procurement should take the leap
The President of the African Development Bank Group, Dr. Akinwumi Adesina has given strong assurance to US investors that Africa is a secure, competitive, and profitable market. Dr. Adesina wants American investors to see Africa as a logical investment destination and to engage with the continent in win-win partnerships. The AfDB boss says that despite the disruptions of the Covid-19 pandemic and its impact on economies, the number of private equity deals in Africa increased from 230 in 2019 to 255 by 2020. He stressed that even in turbulent times, opportunities still abound in Africa.
In his address to the IIEA, Dr Adesina discusses the role of the African Development Bank (AfDB) in supporting stability, growth and sustainable development on the African continent. He explores some of the opportunities and challenges which the AfDB presently faces, including food security, debt sustainability, climate change, and the financing gap. Dr Adesina highlights that such challenges can be overcome through enhanced crisis preparedness, the development of quality healthcare systems and infrastructure projects to strengthen the continent's resilience. About the Speaker: Often described as “Africa's Optimist-in-Chief”, African Development Bank Group President Dr Akinwumi A. Adesina is widely lauded for his visionary leadership and passion for Africa's transformation. Dr Adesina was first elected President of the African Development Bank Group in 2015 and was unanimously re-elected for a second five-year term in 2020. A former Nigerian Minister for Agriculture, in 2017, Dr Adesina was conferred with the World Food Prize, also known as the “Nobel Prize for Agriculture”. With Dr Adesina at the helm, the African Development Bank Group achieved the highest capital increase since its establishment in 1964 and responded boldly and swiftly to the COVID-19 pandemic. Ireland joined the African Development Fund and the African Development Bank in 2020.
In this episode, Ms Marita Obare interviews Millicent Omukaga, Advisor to the AFDB President on Women Empowerment and Affirmative Finance as they discuss: Africa's untapped She Economy case studies of how financial sector (including AfDB programs) has helped unlock value for women on the continent learnings from her experience Dr. Millicent Omukaga is a 2022 Top Woman to Watch in Banking and Finance by Angaza Awards. Dr. Millicent Omukaga is a policy advisor in development programming and finance with expertise in investment projects and portfolio management and market development for rural and agricultural communities across Africa. In her current position at African Development Bank (AfDB), she guides on financial inclusion through policy engagements at corporate and country levels, and provides technical assistance through access to finance and markets programmes targeting women entrepreneurs across the Continent. Some of her recent achievements include contribution to the establishment of the Bank's 10-year Gender Equality Trust Fund, which is the first thematic fund on gender in the Bank Group's history; $250M Risk Share Mechanism; and $25m Technical Assistance project. Podcast Host: Ms. Marita Obare, Co-founder Ngazi, an on-transit advertising platform for small businesses in Kenya. Guest: Dr. Millicent Omukaga - Office of the President Advisor – Women Empowerment and Affirmative Finance, African Development Bank Group, Côte d'Ivoire Production: Rawlins Hamisi
In this episode, Ms Marita Obare interviews Millicent Omukaga, Advisor to the AFDB President on Women Empowerment and Affirmative Finance as they discuss: Africa's untapped She Economy case studies of how financial sector (including AfDB programs) has helped unlock value for women on the continent learnings from her experience Dr. Millicent Omukaga is a 2022 Top Woman to Watch in Banking and Finance by Angaza Awards. Dr. Millicent Omukaga is a policy advisor in development programming and finance with expertise in investment projects and portfolio management and market development for rural and agricultural communities across Africa. In her current position at African Development Bank (AfDB), she guides on financial inclusion through policy engagements at corporate and country levels, and provides technical assistance through access to finance and markets programmes targeting women entrepreneurs across the Continent. Some of her recent achievements include contribution to the establishment of the Bank's 10-year Gender Equality Trust Fund, which is the first thematic fund on gender in the Bank Group's history; $250M Risk Share Mechanism; and $25m Technical Assistance project. Podcast Host: Ms. Marita Obare, Co-founder Ngazi, an on-transit advertising platform for small businesses in Kenya. Guest: Dr. Millicent Omukaga - Office of the President Advisor – Women Empowerment and Affirmative Finance, African Development Bank Group, Côte d'Ivoire Production: Rawlins Hamisi
The African Development Bank Group says East African member states are expected to benefit from at least $8.77 billion worth of investments out of $32.8 billion drawn at the Africa Investment Forum. The President of the African Development Bank Group Akinwumi A. Adesina, says that there is a lot of political support and goodwill for the project. Adesina says It is expected to support 75 per cent of the trade in the West African region, reduce transport cost by 48 per cent, increase inter-and intra-regional trade volume by 15 to 25 percent, and impact the lives of over 500 million people.
The President of the African Development Bank Group, Dr. Akinwumi Adesina, has condemned travel bans placed on African countries over the latest variant of COVID-19, Omicron. Adesina in a statement says Global vaccines and travel apartheid against Africa are endangering lives, hurting economies, lives, jobs and livelihoods, from a pandemic Africa did not cause. End the apartheid. Respect Africa!” UK Health Secretary Sajid Javid said most a significant number of Omicron cases have been linked to travel with Nigeria.
The President of the African Development Bank Group, Dr. Akinwumi Adesina, has condemned travel bans placed on African countries over the latest variant of COVID-19, Omicron. Adesina in a statement says Global vaccines and travel apartheid against Africa are endangering lives, hurting economies, lives, jobs and livelihoods, from a pandemic Africa did not cause. End the apartheid. Respect Africa!” UK Health Secretary Sajid Javid said most a significant number of Omicron cases have been linked to travel with Nigeria.
The President of the African Development Bank Group, Dr. Akinwumi Adesina, has condemned travel bans placed on African countries over the latest variant of COVID-19, Omicron. Adesina in a statement says Global vaccines and travel apartheid against Africa are endangering lives, hurting economies, lives, jobs and livelihoods, from a pandemic Africa did not cause. End the apartheid. Respect Africa!” UK Health Secretary Sajid Javid said most a significant number of Omicron cases have been linked to travel with Nigeria.
PIM Webinar Migration and Global Agri-Food Systems: Insights from CGIAR Research and Beyond December 2, 2021 Migration is an intrinsic part of the development process, representing one of the greatest opportunities to facilitate economic and social advancement in developing countries. At the same time, migration presents one of the world's biggest challenges—particularly when it is non-voluntary, reflecting forced displacement of sizeable numbers of people. Migration requires adjustments by both sending and hosting communities; understanding those adjustments, and ways to maximize the benefits and minimize any costs of migration, is a key policy priority. The CGIAR Research Program on Policies, Institutions, and Markets (PIM) has undertaken more than 40 studies designed to explore the causes and consequences of internal and international migration. In aggregate, the studies help us understand what motivates people to migrate and what factors impinge on their ability to do so. This webinar will draw upon the findings of a PIM Synthesis Brief, Understanding characteristics, causes, and consequences of migration: Contributions from the CGIAR Research Program on Policies, Institutions, and Markets ( https://doi.org/10.2499/p15738coll2.134615), to discuss some of its highlights and further directions for migration research under One CGIAR. The discussion will focus on the interface between migration and agriculture, as well as the way that gender and youth status influence the drivers, impacts, and dynamics of migration, and what policies could help extend its benefits and reduce its costs. To learn more, visit the webinar page: https://bit.ly/30USQa0 Other webinars from the CGIAR Research Program on Policies, Institutions, and Markets (PIM): http://bit.ly/PIM-Webinars Moderator: Valerie Mueller, Associate Professor, Arizona State University, School of Politics and Global Studies Panelists: Alan de Brauw, Senior Research Fellow, Markets, Trade, and Institutions Division at the International Food Policy Research Institute (IFPRI). Katrina Kosec, Senior Research Fellow, Development Strategy and Governance Division at the International Food Policy Research Institute (IFPRI); Adjunct Professor at Johns Hopkins University. Linguere Mbaye, Principal Fragility and Resilience Officer at African Development Bank Group. Esha Zaveri, Senior Economist with the Water Global Practice of the World Bank. Closing remarks: Frank Place - Director, CGIAR Research Program on Policies, Institutions, and Markets
In 2014, the Strategic Climate Fund (SCF) under the Climate Investment Fund (CIF) funded the Strengthening climate resilience project in the Kafue sub-Basin in Zambia. Engineer Indie Dinala, the project manager, told Africa Climate Conversations that farmers in the Kafue sub-basin would depend on wild fruits and wild tubers during drought. But today, the USD 38 million projects have introduced, among other measures - solar-powered irrigation projects enabling farmers to farm even during drought seasons. In addition, a climate-proofed road was built to enable private sectors to reach and buy farm products from the communities' farms. Thus, the adaptation measures have only created resilience but also improved nutrition and livelihoods. This Episode is part of financing change in Africa series made possible by a collaboration between the continent's premier development finance institution – the African Development Bank Group, the Climate Investment funds and the Africa Climate Conversations.
In this edition, Dr. Akinwumi Adesina, head of the African Development Bank Group, discusses the financing Africa needs to strategise its economic bouncebank from the Covid-19 pandemic.
In this episode, Angaza Awards Finalist Dr Millicent Omukaga, an Advisor-Women Empowerment and Financial Inclusion at African Development Bank Group, talks to Ally Mwakaneno on the importance of highlighting the achievements of women and how to bring to the surface women who are changing industries in the background. Millicent also shares how her career experiences brought the conscious need to interrogate the gender gap in management and how it inspired her to venture into mentorship for women and girls to draw attention to opportunities. Millicent shares the gaps in policy, including the need for better workplaces practices and policies addressing succession and pay and benefits management. Read more on Dr Millicent's work on bringing gender equality on boards on her PhD Thesis: Women on Corporate Boards: Navigating Gender Hurdles to Access Corporate Boards in Kenya.
In this episode, Angaza Awards Finalist Dr Millicent Omukaga, an Advisor-Women Empowerment and Financial Inclusion at African Development Bank Group, talks to Ally Mwakaneno on the importance of highlighting the achievements of women and how to bring to the surface women who are changing industries in the background. Millicent also shares how her career experiences brought the conscious need to interrogate the gender gap in management and how it inspired her to venture into mentorship for women and girls to draw attention to opportunities. Millicent shares the gaps in policy, including the need for better workplaces practices and policies addressing succession and pay and benefits management. Read more on Dr Millicent's work on bringing gender equality on boards on her PhD Thesis: Women on Corporate Boards: Navigating Gender Hurdles to Access Corporate Boards in Kenya.
The President of the African Development Bank Group, Dr. Akinwumi Adesina, has opined that the restructuring of Nigeria should be driven by economic and financial viability, which he noted are necessary for political viability.Adesina stressed the need to diversify the source of financing for states across Nigeria, noting that Nigerians in Diaspora remitted $24 billion in 2019, which accounted for half of crude oil exports.The AfDB President also called for a better way of supporting states in financing critical infrastructure while charged states to focus on turning their resources into wealth, based on their areas of comparative advantage.Adesina suggested that resources in each state should be managed by the States, while they pay federal taxes and royalties to the Federal Government.
Flooding, droughts, landslides, and cyclones are becoming intense and more frequent. Adaptation offers an alternative solution in addressing these climate change impacts affecting communities, and economies, especially those with limited coping mechanisms and capacity. In this episode, the African Development Bank Group managers Al Hamdou Dorsouma - Climate Adaptation and Green Growth and Gareth Phillips - Climate and Environment Manager, address why adaptation is critical for the continent and how the Adaptation Benefits Mechanism is addressing gaps in raising adaptation climate finance.
Keynote by Donald Kaberuka, Special Envoy of the AU on sustainable Financing for the Union and funding for Peace in Africa, and member of the AU Reform Advisory Committee. Former President of the African Development Bank Group and Chairman of the Board of Directors, at the Swedish Institute of International Affairs (UI) 25 October 2018. The seminar was organised together with the Nordic Africa Institute (NAI) and the Embassy of Rwanda in Sweden.