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<p>In just three years since its take-off with a mandate to mobilise public and private sector finance to build Africa’s all-important infrastructure, the Africa50 fund has gathered momentum, with a growing portfolio of projects and capital base. CNBC Africa is joined by Africa Development Bank&#8217;s President Dr Akinwumi Adesina, for more.</p>
<p>http://cnbc.africa/videos/</p>


AfDB President Akinwumi Adesina speaks on the Africa50 fund

<p>WINDHOEK (Reuters) &#8211; Namibia secured a $218 million loan from the African Development Bank, the second tranche of a quarter billion dollar facility from the development lender to help the country finance its budget deficit, the finance ministry said on Thursday.</p>
<p>The southern African nation’s economy contracted in the final two quarters of 2017, and by 0.1 percent in the first quarter OF 2018. Its credit rating was cut to subinvestment late last year by Fitch over concerns of a deteriorating fiscal position.</p>
<p>Reporting by Nyasha Nyaungwa; Writing by Mfuneko Toyana; Editing by James Macharia </p>


African Development Bank grants $218 million loan to Namibia, what you need to know

<p>Over the last decade, and despite impressive growth rates in most of the continent, Africa’s infrastructure needs to remain huge with annual financing gap between US$ 130 and US$ 170 billion annually.</p>
<p>To close this gap, the African Development Bank is working with leading global development finance institutions to set up a mutualized co-guarantee platform to de-risk investments and facilitate projects that have the capacity of transforming the continent under the Africa Investment Forum (AIF).</p>
<p>The Bank is positioning the AIF, scheduled for South Africa, 7-9 November 2018, as a platform to improve the ease of doing business in Africa by advancing and promoting investment friendly regulations. AIF will also champion ethical business practices in Africa.</p>
<p>Speaking at a roadshow on the AIF held in Abuja, the Special Advisor to the Nigerian President and Coordinator of the country’s Economic Recovery and Growth Plan (ERGP) Unit, Folarin Ayalande, assured that Nigeria was ready for investment but lack of affordable and long-term finance remain a major constraint.</p>
<p>He described the lending de-risking component of AIF as a game changer and assured of the support of the Nigerian Government. New approaches are required to deliver on the country’s development targets, with a focus on private sector-led growth, he added.</p>
<p>“Nigeria’s Economic Recovery and Growth Plan requires billions of dollars of investment to deliver on its growth and job-creation targets. We will collaborate with the private sector and the AIF by targeting opportunity-driven entrepreneurs by upgrading skills, developing business clusters and economic corridors. These are critical factors to developing a buoyant and productive industrial sector in Nigeria,” he said.</p>
<p>“I am particularly delighted to learn that the AIF will not be another talk show but a platform with convening power to bring different players together to explore investment opportunities for the transformation of the African continent. We have talked enough and must now start to act,” he said.</p>
<p>Senior Director for Nigeria Country Office of the African Development Bank, Ebrima Faal, stressed the critical need to change the current funding mix and create partnerships to finance infrastructure and other projects in Africa.</p>
<p>“Nigeria’s infrastructure cumulative financing needs are estimated to reach US$ 3 trillion by 2044 or about US$100 billion annually. This is all happening at a time when public sector finances are extremely pressured,” Faal said.</p>
<p>“As an African optimist, therefore, I dare say that there has never been a better time to invest in Africa’s infrastructure asset class, while ensuring a diverse source of resources, water-tight project preparation and a strong business case. The Africa Investment Forum has been designed to meet the needs of African stakeholders looking to capitalize on the increasing potential of multi-staker partners and the growing investment appetite in Africa.”</p>
<p>The AIF as a marketplace will bring together the Bank and other multilateral financial institutions to de-risk investments at scale,” said Stella Kilonzo, AIF Senior Director.</p>
<p>“AIF will work closely with investors and project sponsors to enable them increase trade and investment in local and global markets, ensuring that projects are able to secure adequate and appropriate finance.”</p>
<p>Working with multilateral institutions, the private sector, and Governments, the Bank is helping Nigeria and other African countries to fine-tune investment-ready projects for investors, fund managers and others managing substantial assets ahead of the AIF in November.</p>
<p>The Abuja roadshow included a briefing session, interaction with key private players, and presentations from Nigeria’s senior Government officials on the country’s development priorities and project pipeline that could benefit from the AIF partnership.</p>
<p>&nbsp;</p>
<p>By the African Development Bank</p>


How the Africa Investment Forum plans to help businesses mobilize financial resources to catalyze private sector development

<p><iframe loading="lazy" src="https://www.youtube.com/embed/PyMJY6Mases" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>Africa needs about 170 billion dollars investments in infrastructure development annually to keep up with consumer needs, demographic changes and economic development. This demand, the African Development Bank, says cannot be independently met by either governments or private sectors across the continent. Country Director, Ebrima Faal, discussed this and more with CNBC Africa’s Christy Cole. </p>
<p>http://cnbc.africa/videos/</p>


Africa in need of more infrastructure investment – AfDB

<p><iframe loading="lazy" src="https://www.youtube.com/embed/x_vM68P4YD0" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>The African Development Bank has begun a series of roadshows ahead of its Africa Investment Forum, scheduled to hold in November this year. Stella Kilonzo, Senior Director, Africa Investment Forum told CNBC Africa’s Christy Cole that the road show will now head to north, central and east Africa. </p>
<p>http://cnbc.africa/videos/</p>


AfDB embarks on roadshows ahead of Africa Investment Forum

<p><iframe loading="lazy" src="https://www.youtube.com/embed/gJyG67tsfMc" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>From forecasting Africa’s growth through its Africa economic outlook, launching its state-of-the-art Nigeria Country Department office complex in Abuja, making agric enthusiasts of students across Nigeria, to making a strong statement at the World Economic Forum; the African Development Bank is definitely leaving no stone unturned in fulfilling its mandate to reform Africa’s economy. CNBC Africa’s Christy Cole takes you through activities of the AfDB, over the last quarter.</p>
<p>http://cnbc.africa/category/insights/african-development-bank/</p>


African Development Bank: Highlights of the last quarter

<p><iframe loading="lazy" src="https://www.youtube.com/embed/0fCeI7uBKqc" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>Ensuring sustainable climate and disaster risk financing is available to countries that face extreme weather events in Africa, sits at the heart of the African Risk Capacity&#8217;s mandate. Join CNBC Africa from the side-lines of the African Development Bank&#8217;s annual meetings in Busan, South Korea, as we hear stories from countries that have benefited from the Africa Disaster Risk Financing Programme.<br />
 http://cnbc.africa/category/insights/african-development-bank/</p>


AfDB Debate: Discusses Africa disaster risk financing program

<p><iframe loading="lazy" src="https://www.youtube.com/embed/lg7bf650I28" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Technology could help Africa industrialise much quicker than the West. This is an argument put forward by Mohammed Beavogui, Director General of African Risk Capacity. CNBC Africa&#8217;s Kenneth Igbomor caught up with him for a conversation about the conditions that could speed up Africa&#8217;s industrialisation plans.</p>
<p>http://cnbc.africa/category/insights/african-development-bank/</p>


Technology could help Africa industrialise faster than expected: Here’s how

<p><iframe loading="lazy" src="https://www.youtube.com/embed/jLKZvaRqjw0" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>At the end of 2017, average public debt in Sub-Saharan Africa was 57 percent of its GDP, an increase of 20 percentage points in just five years. This is according to Abebe Selassie, Director of the African Department at the IMF. CNBC Africa&#8217;s Esther Awoniyi caught up with him, for a discussion about Africa&#8217;s growth prospects this year.   http://cnbc.africa/videos/</p>


Africa’s growth forecast for 2018

<p><iframe loading="lazy" src="https://www.youtube.com/embed/La-E4GJ8UR8" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>Agriculture and industrialisation are the keys to Africa&#8217;s success, that&#8217;s according to Yofi Grant, CEO of the Ghana Investment Promotion Centre. CNBC Africa&#8217;s Christy Cole spoke to him about this and more.<br />
http://cnbc.africa/category/insights/african-development-bank/</p>


How can agriculture & industries drive Africa’s growth?

<p><iframe loading="lazy" src="https://www.youtube.com/embed/HwAZ6psmMxY" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>Ghana&#8217;s Finance Minister Ken Ofori Atta says investing in education holds the key to equip Africans with the requisite skills needed to create the future jobs on the continent. CNBC Africa&#8217;s Kenneth Igbomor caught up with him on the side-lines of the Annual meetings of the African Development Bank and discussed this and more.</p>


Ghana’s FinMin Ken Ofori Atta on translating economic growth to jobs

<p><iframe loading="lazy" src="https://www.youtube.com/embed/pYkXvuTc_Jw" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>Bank of Ghana Governor, Ernest Addison says the current plan in Ghana is to have interoperability between the mobile money platforms and the banking system. CNBC Africa&#8217;s Kenneth Igbomor caught up with him to discuss the impact of digitisation on the banking industry and more.<br />
http://cnbc.africa/</p>


Impact of digitisation on Ghana’s banking industry

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<p>Ghana&#8217;s Finance Minister Ken Ofori Atta says investing in education holds the key to equip Africans with the requisite skills needed to create the future jobs on the continent.</p>


Why investing in education is key to Africa’s development – Ken Ofori Atta

<p><iframe loading="lazy" src="https://www.youtube.com/embed/cAARwlLIJ6M" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>The African Development Bank plans to spend about $35 billion dollars over the next ten years to support industrialization in Africa; for more CNBC Africa’s Kenneth Igbomor spoke to Saif Malik, Regional Head of Global Banking for Africa and the Middle East at Standard Chartered to explore ways to finance this plan. http://cnbc.africa/</p>


AfDB to spend $35bn for Africa’s industrialisation

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<p>On the side-lines of the ongoing 2018 Annual Meetings of AfDB, Founder and CEO of Rwandan Tech Solutions Provider, DMM.HEHE, Clarisse Iribagiza, spoke to CNBC Africa on how Africa can drive youth entrepreneurship through ICT.</p>


How Africa can drive youth entrepreneurship through Tech

<p><iframe loading="lazy" src="https://www.youtube.com/embed/0Y9z01Rw5Fs" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>As new confirmed cases of the Ebola virus hit the Democratic Republic of Congo, Board Chair of the Vaccine Alliance &#8211; Gavi, Ngozi Okonjo-Iweala, speaks to CNBC Africa’s Christy Cole about efforts at containing the virus, immunisation for across Africa and innovative funding.  http://cnbc.africa/category/insights/african-development-bank/</p>


Ngozi Okonjo-Iweala speaks on efforts to contain Ebola

<p><iframe loading="lazy" src="https://www.youtube.com/embed/-WkeNYSQWxU" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>As Africa looks to double its intra-continental trade by the year 2022, the continent’s Export – Import Bank says it’s forth coming Trade Fair will boost business-to-business relations among the continent. Afrexim Bank’s President, Benedict Oramah spoke with CNBC Africa’s Christy Cole on the side-lines of the ongoing 53rd Annual Meetings of the African Development Bank.</p>
<p>http://cnbc.africa/category/insights/african-development-bank/</p>


African Development Bank

AfDB President Akinwumi Adesina speaks on the Africa50 fund

African Development Bank grants $218 million loan to Namibia, what you need to know

How the Africa Investment Forum plans to help businesses mobilize financial resources to catalyze private sector development

Africa in need of more infrastructure investment – AfDB

AfDB embarks on roadshows ahead of Africa Investment Forum

African Development Bank: Highlights of the last quarter

AfDB Debate: Discusses Africa disaster risk financing program

Technology could help Africa industrialise faster than expected: Here’s how

Africa’s growth forecast for 2018

How can agriculture & industries drive Africa’s growth?

Ghana’s FinMin Ken Ofori Atta on translating economic growth to jobs

Impact of digitisation on Ghana’s banking industry

Why investing in education is key to Africa’s development – Ken Ofori Atta

AfDB to spend $35bn for Africa’s industrialisation

How Africa can drive youth entrepreneurship through Tech

Ngozi Okonjo-Iweala speaks on efforts to contain Ebola

Afrexim’s forthcoming trade fair aims to boost business ties

News Tips

Advertise With Us

African Development Bank

AfDB President Akinwumi Adesina speaks on the Africa50 fund

African Development Bank grants $218 million loan to Namibia, what you need to know

How the Africa Investment Forum plans to help businesses mobilize financial resources to catalyze private sector development

Africa in need of more infrastructure investment – AfDB

AfDB embarks on roadshows ahead of Africa Investment Forum

African Development Bank: Highlights of the last quarter

AfDB Debate: Discusses Africa disaster risk financing program

Technology could help Africa industrialise faster than expected: Here’s how

Africa’s growth forecast for 2018

How can agriculture & industries drive Africa’s growth?

Ghana’s FinMin Ken Ofori Atta on translating economic growth to jobs

Impact of digitisation on Ghana’s banking industry

Why investing in education is key to Africa’s development – Ken Ofori Atta

AfDB to spend $35bn for Africa’s industrialisation

How Africa can drive youth entrepreneurship through Tech

Ngozi Okonjo-Iweala speaks on efforts to contain Ebola

Afrexim’s forthcoming trade fair aims to boost business ties

News Tips

Advertise With Us

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