The multilateral African Development Bank (AfDB) recently launched a fund called the African Climate Risk Insurance Facility (ACRIFA), aimed at increasing the continent’s resilience to adverse weather events. ACRIFA follows on AfDB’s Africa Disaster Risk Insurance Program, which supported the creation and uptake of insurance products and
Tag: AfDB
MICROCAPITAL BRIEF: AfDB, Ingenosya Create Mada Business Linkage Online Portal to Boost SME Success in Madagascar
The multilateral African Development Bank (AfDB) recently introduced an online service called Mada Business Linkage to facilitate partnerships among companies in Madagascar, including to match firms with suppliers and subcontractors. The Madagascar-based technology company Ingenosya built the platform, which businesses can use for no
MICROCAPITAL BRIEF: African Development Bank (AfDB) Disbursing $1.6m for Green Finance in Benin, Côte d’Ivoire
The African Development Bank (AfDB) recently announced green finance facilities in partnership with the government of Benin’s La Caisse des Dépôts et Consignations du Bénin (CDC) and the government of Côte d’Ivoire’s Banque Nationale d’Investissement (BNI). The aggregate value
SPECIAL REPORT: Online Event: Strengthening Cybersecurity to Boost Financial Inclusion in Africa; July 13, 2021
The 
53rd Midi de la Microfinance, held by Luxembourg-based NGO ADA Microfinance, will focus on cybersecurity as it relates to financial inclusion in Africa. This includes suggested “points of attention and concrete actions” microfinance institutions may use to minimize the risks associated with
MICROCAPITAL BRIEF: Baobab+ Raises $5m in Equity, Debt to Expand Pay-as-you-go Solar, Tablets in Cote d’Ivoire, Senegal
The French technology company Baobab+ recently raised EUR 2 million (USD 2.4 million) in equity from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF), an initiative of the African Development Bank (AfDB). Baobab+ also secured a loan of the same amount from the Energy Entrepreneurs Growth Fund (EEGF), which is
MICROCAPITAL BRIEF: FEI OGEF Loans $4m to Bboxx to Expand “Pulse” Electric Power Management, Pay-as-you-go Solar Energy in DRC
The Off-Grid Energy Access Fund (OGEF), a debt fund of the Facility for Energy Inclusion (FEI), recently lent USD 4 million to Bboxx, a UK-based solar energy installation and financing firm that is active in Africa and Asia. The loan proceeds are slated to help Bboxx meet its agreement with
MICROFINANCE EVENT: Global Microfinance Summit; January 24-25, 2019; Istanbul, Turkey
The 3rd Global Microfinance Summit will address topics influencing the microfinance industry such as: (1) Digital Transformation: The Next Big Leap in Microfinance; (2) Impact of Microfinance on Sustainable Entrepreneurship Development; and (3) Green Microfinance: A Tool for Sustainable Business and Climate Action. Additionally, attendees will participate in open discussions on topics such as
MICROFINANCE EVENT: SME & Financing Africa Forum; November 6-7, 2018; Johannesburg, South Africa
Organized by the African Development Bank (AfDB) Group, a multilateral institution based in Côte d’Ivoire, this event is focused on the transformation and growth of small and medium-sized enterprises (SMEs) in Africa via facilitating access to finance, improving access to larger contracts, providing corporate connections and building leadership skills. Presentation titles include the following: (1) Innovative Instruments to Improve SMEs’ Access to Finance in Africa; (2) The Impact of the 4th Industrial Revolution on SME Growth in Africa; and (3) Using Social Media to Increase Your Sales and Build Your Brand.