Showing posts with label African Development Bank. Show all posts
Showing posts with label African Development Bank. Show all posts

Wednesday, October 25, 2023

Call For Applications - YouthADAPT Challenge 2023 : Empowering Africa's Female Tech Innovators To Tackle Climate Change


PRESS RELEASE
Call For Applications -  YouthADAPT Challenge 2023: Empowering Africa’s Female Tech Innovators To Tackle Climate Change
The winners will be awarded $100,000 each, alongside mentorship and coaching to further their climate change adaptation solutions and business ideas

Access Multimedia Content

ABIDJAN, Ivory Coast, October 25, 2023/ -- The Africa Adaptation Acceleration Program (https://apo-opa.info/3s7IvoI), a joint initiative of the African Development Bank (http://www.AfDB.org) and the Global Center on Adaptation, has launched a call for applications for the third edition of the YouthADAPT Challenge, which seeks to support young entrepreneurs driving solutions to tackle climate change.

The annual YouthADAPT competition invites young entrepreneurs leading micro, small, and medium enterprises in Africa to submit innovative solutions and business ideas that can drive climate change adaptation and resilience across the continent.

This year’s call focuses on female-owned enterprises pioneering Fourth Industrial Revolution technologies such as artificial intelligence; big data analytics; virtual reality; robotics; internet of things; quantum computing; additive manufacturing; blockchain, and fifth-generation wireless for climate adaptation.

With support from the Africa Climate Change Fund (https://ACCF.AfDB.org/), hosted by the Bank, the winners will be awarded $100,000 each, alongside mentorship and coaching to further their climate change adaptation solutions and business ideas. They will also join the YouthADAPT Alumni Network to learn from a dynamic community of youth entrepreneurs throughout Africa.


To be eligible, applicants must be between the ages of 18 to 35. Their ventures should be youth-led and offer tangible solutions to real-life climate challenges. They must be registered and operational in Africa, with at least two years’ worth of accounts.

Apply by visiting the YouthADAPT competition portal (https://apo-opa.info/3Q8WLVZ).  The closing date for applications is 5 November 2023 at 17:00 GMT. An information session is scheduled for 23 October 2023 at 11:00 GMT to share details about the YouthADAPT Challenge 2023. This session will cover eligibility criteria, the application process, important deadlines, and the advantages of participation, such as grants, mentorship, and business development services.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
 
Contacts:
African Development Bank
Joash Ntenga Moitui, 
Communications and Knowledge Management,
Africa Adaptation Acceleration Program
E-mail: j.moitui@afdb.org  

Africa Climate Change Fund
Rita Effah, Coordinator,
Africa Climate Change Fund
r.effah@afdb.org

Global Center on Adaptation
Alex Gee,
Head of Communications,
Global Center on Adaptation
E-mail: alex.gee@gca.com

About the African Development Bank:
The overarching aim of the African Development Bank Group is to spur sustainable economic development and social progress in its regional member countries, thus contributing to poverty reduction. The Bank Group achieves this goal by mobilizing and allocating resources for investment in regional member countries and providing policy advice and technical assistance to support development efforts. In 2015, all multilateral development institutions agreed on the same set of objectives, the Sustainable Development Goals. Learn more: https://www.AfDB.org/.

About Africa Climate Change Fund:
The Africa Climate Change Fund (ACCF or Fund) is a multi-donor trust fund well positioned to contribute to the achievement of the African Development Bank’s goal to triple its climate financing efforts and foster its drive for a climate-resilient Africa. Visit ACCF’s website:  https://ACCF.AfDB.org/.

About the Global Center on Adaptation (GCA):
The Global Center on Adaptation (GCA) is an international organization that works as a solutions broker to accelerate action and support for adaptation solutions, from the international to the local, in partnership with the public and private sectors. For more information, please go to www.GCA.org.
 

SOURCE
African Development Bank Group (AfDB)


Wednesday, October 4, 2023

Africa’s Sustainable Development Goals (SDGs) Progress Uneven, Requires Accelerated Efforts To Meet the 2030 Deadline - ReportD

PRESS RELEASE

Africa’s Sustainable Development Goals (SDGs) Progress Uneven, Requires Accelerated Efforts To Meet the 2030 Deadline - Report

The report assessed Africa’s progress in implementing five main SDGs, highlighting progress, the challenges, and the numerous opportunities for improving Africa’s development prospects.

NEW YORK, United States of America, October 4, 2023/ -- Africa’s progress on the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063 aspirations has been uneven, with significant differences among subregions, countries, and rural and urban areas. This calls for accelerated efforts to ensure that Africa achieves the global goals by the 2030 deadline, the latest Africa Sustainable Development report has stated.

The 2023 report, titled “Accelerating the recovery from the coronavirus disease (COVID-19) and the full implementation of the 2030 Agenda for Sustainable Development and African Union Agenda 2063 at all levels”, was released on the margins of the 78th United Nations General Assembly. It was produced by the United Nations Development Programme (UNDP), the African Union Commission (AUC), the United Nations Economic Commission for Africa (ECA), and the African Development Bank.

The report assessed Africa’s progress in implementing five main SDGs, highlighting progress, the challenges, and the numerous opportunities for improving Africa’s development prospects. Its findings suggest steady progress on key SDG targets, particularly on 4G mobile network coverage, and access to potable water and electricity.

“Africa’s steady progress on the SDGs is commendable. It is heartening to learn that the continent is on track to achieving some targets, particularly the goals related to innovation and technology, which are powerful enablers for advancing sustainable development,” noted Ms Ahunna Eziakonwa, Assistant Administrator and Regional Director for Africa, UNDP.

The report warns that although Africa is progressing toward achieving the SDGs, the number of on-track targets is less than those requiring acceleration or reversal. It calls for timely interventions to accelerate countries’ progress on key SDGs and the Agenda 2063 aspirations, goals, and targets.  

António Pedro, Acting Executive Secretary of ECA, stated: “Africa must create green growth by adding value to its green minerals. This green growth through green minerals must be central to Africa's SDG rescue strategy. Africa also needs scaled-up concessional financing to regain momentum on the SDGs and the Agenda 2063.”

Albert M. Muchanga, Commissioner for Trade and Industry of the African Union Commission, called for improved communication between parties working on Africa’s sustainable development. “The time has come for the Agenda 2063, the 2030 Agenda, and the African Development Bank’s ‘High 5’ (https://apo-opa.info/3OiFCJL) agenda to be aligned to make it easier for member states to domesticate,” he reiterated.

Gerald Esambe Njume, Principal Climate Change and Green Growth Officer at the African Development Bank said: “Harnessing Africa’s green growth opportunities requires significant efforts in putting forward a strategic vision and governance structure, ensuring sectoral planning, allocating adequate budgetary resources, and establishing sound institutional and coordination arrangements.”

Key findings

On SDG 6 (clean water and sanitation), African countries have improved access to safely managed drinking water services, but a significant disparity remains between rural and urban areas. Three in five Africans, or 411 million people, still lack safely managed drinking water. Also, only Egypt and Tunisia out of the 48 countries assessed are on track to achieve universal basic sanitation by 2030. The report calls on African countries to invest in water, sanitation, and hygiene infrastructure and to strengthen integrated water resource management capacity.

On affordable and clean energy (SDG 7), the report finds that electrification rates have increased, but the use of clean cooking fuels and technologies remains limited. Also, the shift from non-renewable to renewable energy is slow. The report calls for funding increases for infrastructure and technology to boost sustainable power generation across Africa.

For innovation, industry, and infrastructure (SDG 9), the report reveals that Africa is on track in terms of its mobile network coverage, and based on current trends, the continent will meet the relevant Goal 9 target by 2030. The report, therefore, calls for the acceleration of rural road construction and expansion to achieve rural connectivity and regional integration to bridge the urban-rural divide. According to the report, this will advance intra-African trade and thus facilitate the full implementation of the African Continental Free Trade Area (AfCFTA) agreement.

Regarding sustainable cities and communities (SDG 11), the report’s findings suggest a modest overall decline in the share of Africans living in urban slums. It recommends greater investment in infrastructure to improve access to public transport, waste management and air quality in African cities.

Concerning partnerships (SDG 17), mobilizing funding remains challenging for African countries. The report calls for higher domestic resource mobilization and efforts to address debt vulnerabilities.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

For more information and interview requests, please contact:

Praise Nutakor,
Communications and Partnerships Specialist,
UNDP
praise.nutakor@undp.org

Mercy Wambui,
Chief - Communications & Media Relations Section,
ECA
wambui@un.org

Emeka Anuforo,
Communications and External Relations Department
African Development Bank
media@afdb.org

Esther Azaa Yambou,
Head, Information Division,
African Union Commission
yamboue@africa-union.org

About UNDP:

UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and the planet. Learn more at UNDP.org or follow @ UNDPAfrica (https://apo-opa.info/3NZcg1D).

About the African Development Bank:

The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank, the African Development Fund, and the Nigeria Trust Fund. On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member states. Visit: www.AfDB.org/en.

About the United Nations Economic Commission for Africa:

Established by the Economic and Social Council (ECOSOC) of the United Nations in 1958 as one of the UN’s five regional commissions, the United Nations Economic Commission for Africa’s (ECA’s) mandate is to promote the economic and social development of its Member States, foster intraregional integration and promote international cooperation for Africa’s development. ECA is made up of 54 Member States and plays a dual role as a regional arm of the UN, and as a key component of the African institutional landscape. For more information, please visit: www.UNECA.org.

About the African Union:

The African Union (AU) was established in 1999 by African Heads of State and the Government of the Organisation of African Unity (1963) to accelerate the process of integration of the continent to enable it to play its rightful role in the global economy while addressing multifaceted social, economic and political development challenges. The vision of the AU is for “An integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in the global arena”. Visit: https://AU.int/

SOURCE

African Development Bank Group (AfDB)



Monday, December 13, 2021

PanAfrican Capital Holdings Sets Up The Catalyst Project To Promote African Entrepreneurship

The Catalyst

PRESS RELEASE

PanAfrican Capital Holdings Sets Up The Catalyst Project To Promote African Entrepreneurship

LAGOS, Nigeria, December 13, 2021/ -- In commitment to its vision to deliver exceptional services in chosen markets and create value for stakeholders, PanAfrican Capital Holdings ‘PAC Holdings’ has set up a venture capital project, to be known as The Catalyst (www.TheCatalystAfrica.com), to identify and invest in growth to product-expansion stage companies with convincing business models and market opportunities.

As a proprietary investment company with the focus to offer strategic investment solutions and unlock value across emerging and frontier markets across Africa, PAC Holdings acknowledges the vital role of technology in driving economic growth in Africa.

According to the Venture Capital in Africa Report, “90% of all reported VC deals between 2014 and 2020 were in technology-enabled companies operating across a variety of sectors. Financials accounted for the largest share of VC deals by both volume (22%) and value (26%) from 2014 - 2020, with Information Technology (18%) and Consumer Discretionary (16%) accounting for the second and third largest share of VC deals by volume within the same timeframe.” This trend is expected to continue with more opportunities for technology solutions arising in a post covid world.

Toluwalope Oni, the Global Coordinator of The Catalyst, said, “The Catalyst Project has been set up to facilitate and finance the delivery of technology enabled solutions, as well as promote African entrepreneurship. Our industries of primary focus are pivotal gears of a digital African economy, and these include finance, education, health, agriculture and logistic.”

Some of the objectives for the initiative include driving a culture of innovation and contributing to the delivery of forward-thinking market value across Africa.

“The project’s target is to inject an initial sum of $1,000,000 into ‘growth stage’ businesses that meet its criteria of; a clearly defined minimum viable product, solving a need/gap either on the demand or supply side in Africa, generating revenue enough to cover direct costs, seeking capital to boost expansion required to achieve exponential scale and little or no debt balances in the company’s balance sheet,” the Global coordinator added.

The identified sectors, given current macro-economic realities, represent the key underlying catalyst for Sustainable Economic Growth in emerging and frontier economies. Selected businesses that become successful would benefit from PAC Holdings access to an ecosystem of strategic investors & mentors, and enjoy product/service synergies.

Distributed by APO Group on behalf of The Catalyst.

Media Contact:
On behalf of PanAfrican Capital Holdings Limited
Omolola Ojo
Email: omolola.ojo@panafricancapitalholdings.com

Follow us on:
Twitter (https://bit.ly/3EQyu0j)
Facebook (https://bit.ly/3ynkWGQ) 
Instagram (https://bit.ly/3pQjEk2)

About PanAfrican Capital Holdings:
PanAfrican Capital Holdings “PAC Holdings” is a Proprietary Investment Company with special focus on Key Sectors across Africa including Financial Services, Hospitality & Entertainment, Real Estate & Infrastructure, Agro-Allied & FMCG, Healthcare, Renewable Energy, and ICT & Media.

With specialist subsidiary companies across chosen sectors. PAC Holdings is geared towards offering strategic investment solutions and unlocking value across emerging and frontier markets. The company’s corporate Head Office is in Lagos, with presence in Accra, Nairobi and Mauritius.  With Over the years, we have created strong strategic alliances with multilateral financial institutions such as African Export-Import bank, Africa Development Bank, Africa Finance Corporation, Development Bank of South Africa, Bank of Industry, Nigerian Export-Import bank and other banks across the continent.

For more information, visit www.thecatalystafrica.com

SOURCE
The Catalyst


Thursday, October 7, 2021

Paris Fashion Week:Roberta Annan Launches €100M Impact Fund To Invest in Africa’s Creative Industries

 PRESS RELEASE

At Paris Fashion Week, Ghanaian entrepreneur Roberta Annan launches €100 m Impact Fund to invest in Africa’s creative industries

The Impact Fund for African Creatives (IFFAC), will award grants of up to €50,000 to selected projects to accelerate development of the continent’s creative sector

PARIS, France, October 7, 2021/ -- Ghanaian businesswoman and entrepreneur Roberta Annan earlier this week launched a €100 million fund to channel investment into small and medium African creative and fashion enterprises. The Impact Fund for African Creatives (https://bit.ly/3BpJS1h) (IFFAC), will award grants of up to €50,000 to selected projects to accelerate development of the continent’s creative sector.

The fund was launched at a ceremony held on Monday 4 October, 2021, during Paris Fashion week, and was attended by fashion industry experts.  Chinelo Anohu, Senior Director of the Africa Investment Forum also attended. The African Investment Forum, a flagship initiative of the African Development Bank, aims to channel investment into Africa.

Annan, who also founded the African Fashion Foundation, said that, in addition to grants, IFFAC will make a further €250,000- €2 million in venture capital available to African entrepreneurs who complete its skills-building program. “I have encountered so much incredible talent all over the continent, such originality and innovation,” said Annan. “But I have also noticed a lack of management skills, infrastructure, and start-up capital necessary to scale these creative businesses. This is the motivation behind IFFAC.”

Anohu said the Africa Investment Forum has been in talks with IFFAC as it curates projects that will feature at its upcoming AIF 2021 Market Days to be held in Abidjan, Cote d’Ivoire, from December 1-3.

“I applaud IFFAC for its plans to bring early-stage capital deployment, along with a structured program of training and mentorship to artists and entrepreneurs like Nigerian designer Kenneth Ize,” said Anohu. “For all those investors in this room, who believe, like I do, in the potential for commercializing the exports of Africa’s creative genius, I invite you to contact the Africa Investment Forum.”

Ize, a beneficiary of the Impact Fund program, also attended the launch, after last week becoming the first African to open Paris Fashion Week.

Africa’s creative industry is an increasingly important part of the investment mix for the future of the African economy;  The Forum’s 2021 Market Days will showcase creative and cultural-sector deals from around the continent, including in film and television, as well as women-led projects, among other sectors.

While in Paris, Anohu also met European investors, including institutional investors, that are actively interested in Africa’s creative industry, as well as other key priority sectors under the Forum’s Unified Covid-19 response pillars (https://bit.ly/2YusiKP). These sectors include technology, renewable energy and agro processing.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media contact:

Olufemi Terry

Communication and External Relations Department

African Development Bank

email: o.terry@afdb.org


About the Africa Investment Forum:

The Africa Investment Forum is a multi-stakeholder, multi-disciplinary platform that advances private and public-private-partnership projects to bankability, raises capital, and accelerates deals to financial closure. A flagship initiative of the African Development Bank, the Forum was launched in 2018 with seven other founding partners: Africa 50; the Africa Finance Corporation; the African Export-Import Bank; the Development Bank of Southern Africa; the Trade and Development Bank; the European Investment Bank; and the Islamic Development Bank.

SOURCE

African Development Bank Group (AfDB)



Thursday, May 19, 2011

Accredited media at ADB Pre-Annual Virtual Press Conference

19 May 2011 17:40 Africa/Lagos


List of accredited media and organizations for the African Development Bank Pre-Annual Meetings Virtual Press Conference
held on Thursday, 19 May from 3 – 4 p.m. in Tunis.


TUNIS, May 19, 2011/African Press Organization (APO)/ -- List of accredited media and organizations for the African Development Bank Pre-Annual Meetings Virtual Press Conference held on Thursday, 19 May from 3 – 4 p.m. in Tunis.

MEDIAS :


1. Africa Investor - South Africa

2. Africa24 TV - France

3. Africable Television - Mali

4. African Press Agency (APA) - Senegal

5. AfricaNews - DR Congo

6. Afrique Education - France

7. Agence France Presse (AFP) - France

8. Alahdath Newspaper - Sudan

9. AllAfrica - Senegal

10. Altayar Newspaper - Sudan

11. Alternative – Niger

12. Arbollé FM Radio - Burkina Faso

13. BBC Afrique - Senegal

14. BBC World Service - Nigeria

15. BBC World Service - United Kingdom (2 applications)

16. BBN FM93 - Sierra Leone

17. Bob Maijrioghene Communications - Nigeria

18. Bukedde Newspaper - Uganda

19. Business Daily - Kenya

20. Business in Ghana - Ghana

21. Carol Pineau (Freelance) - United States

22. Channel Africa SABC - South Africa

23. Daily News - Tanzania

24. Daily Telegraph - South Africa

25. Dow Jones Newswires - South Africa (2 applications)

26. East African Business Week - Uganda

27. Ethiopia News Agency (ENA) - Ethiopia

28. Express FM - Tunisia

29. Express FM - Tunisia

30. Farm Radio International - Tanzania

31. Freetown Television Network - Sierra Leone

32. Fréquence Teranga FM - Senegal

33. Ghana Business & Finance - Ghana

34. Ghanaoilonline.org - Ghana

35. Hadron Media - United Kingdom

36. Hakaek Newspaper - Tunisia

37. Hiiraan Online - Somalia

38. Independant Pressphoto Agency (IPA) - Kenya

39. Indicateur du Renouveau - Mali

40. Jeune Afrique - France (2 applications)

41. Joy FM - Ghana (2 applications)

42. Kagadi Kibaale Community Radio - Uganda

43. Laconscience.com - France

44. Le Patriote - Togo

45. Le Quotidien - Senegal

46. Les Afriques - Maroc

47. Les Echos - France

48. L'Express Journal - Tunisia

49. L'Indépendant - Mali

50. L'Objectif - DR Congo

51. Look-out.tv - Italy

52. LUSA - Portuguese News Agency - Portugal (2 applications)

53. Malagasy Press Board - Madagascar

54. Media24 - South Africa

55. MultimediaKom - Comoros

56. Nation Media Group - Kenya (2 applications)

57. Nation Publications Limited - Malawi

58. Next Newspaper - Nigeria

59. North Africa Journal - Canada

60. Pamuzinda Productions - South Africa

61. People TV - France

62. Presse Jeune - Cameroon

63. Prime Radio - Uganda

64. Public Agenda - Ghana

65. Pyramides Magazine - United Kingdom

66. Radio Alternative Voice for Gambians - Gambia

67. Radio Management Service - Uganda

68. Radio Nationale Malagasy (RNM) - Madagascar

69. Radio Simba - Uganda

70. Radio Television Nationale Congolaise - DR Congo

71. Radio Tygerberg - South Africa

72. Radio West-vision Group - Uganda

73. Rema FM - Burundi

74. SABC News - South Africa

75. Sayare Radio and Television - Kenya

76. Skyy Digital Televion Ghana - Ghana

77. Spyghana.com - Ghana

78. Sudannews Agency - Sudan

79. Sunni Said Salah (Freelance) - Somalia

80. Tanzania Broadcasting Corporation - Tanzania

81. Tanzania Standard Newspapers - Tanzania

82. Television de la Guinée-Bissau - Guinea-bissau

83. The 1% Solution - United States

84. The Chronicle - Ghana

85. The East African - Kenya

86. The Patriotic Vanguard - United States

87. The Post - Zambia

88. The Sun Publishing - Nigeria

89. Thomson Reuters - United Kingdom

90. Tia Tanindrazana - Madagascar

91. Ubiznews - France (2 applications)

92. Uganda Broadcasting Corporation - Uganda

93. Vision Media Group - Uganda

94. Voice of Africa - Uganda

95. Voice of Toro - Uganda

96. www.leredacteurlibre.info - Togo

97. www.moov.mg - Madagascar (2 applications)



ORGANISATIONS :


1. Africa Practice - United Kingdom

2. African Union/United Nations Hybrid operation in Darfur (UNAMID) - Sudan

3. Bureau of Public Enterprises - Nigeria

4. DS Development - France

5. ECOWAS Commission - Nigeria

6. Inflex Africa Technologies LTD. - Kenya

7. International Federation of Red Cross - South Africa

8. International Federation of Red Cross and Red Crescent Societies (IFRC) - Kenya

9. International Federation of Red Cross and Red Crescent Societies (IFRC) - South Africa

10. Lake Victoria Fisheries Organization – Uganda

11. Nepad Agency – South Africa

12. Office of the United Nations High Commissioner for Human Rights - Guinea Conakry

13. Tamani Communication - Mali

14. United Nations Development Programme (UNDP) – Guinea

15. United Nations of International Children's Emergency Fund (UNICEF) - Tanzania

16. World Food Programme – Italy

Source: African Press Organization (APO)



Monday, November 16, 2009

Confronting the Global Financial Crisis: Bank Efficiency in Africa

13 Nov 2009 12:31 Africa/Lagos

Confronting the Global Financial Crisis: Bank Efficiency in Africa


TUNIS, November 13, 2009/African Press Organization (APO)/ -- The current global financial crisis that originated in the collapse in the market for sub-prime mortgages in the United States in 2007 initially did not hit Africa directly. The crisis also had little impact on the Sub-Saharan African (SSA) financial systems because the financial sector in Africa remains shallow, uncompetitive and weakly integrated into the global markets.


Despite the fact that money, currencies, and capital markets had the significant pressures by the crisis, they have continued to function normally, and financial institutions in most countries have been stable without emergency support from monetary authorities.


Nevertheless, due to pressures intensified by the crisis, Sub-Saharan African countries are being hit hard as the global crisis has continued to deepen. The spiraling effects of a depressed world economy and the increased risk aversion of investors pose growing risks for Sub-Saharan African financial systems. As a matter of fact, frontier and emerging market countries such as South Africa, Nigeria, Ghana, and Kenya were hit first, suffering falling equity markets, capital flow reversals, and pressures on exchange rates.


Most African economies have a high degree of foreign bank penetration. The large share of foreign-owned banks across Africa has brought stability over the past years but also exposes the region to additional contagion risk. Also, the boosting of domestic banks' efficiency is mainly attributable to raising the number of foreign banks. Central bankers in the Southern African Development Community (SADC) recognize that efficiency in the banking sector is a key contributor to macroeconomic stability. It is also a precondition for economic growth and important for the effectiveness of monetary policy. In the late 1980s and early 1990s, a number of African countries began to restructure their financial sectors in order to boost banking efficiency. However, at present, it is difficult to entirely analyze the impact of the current crisis on the African banking sector because of the limited availability of 2008 bank-level data.


In terms of the assessment of bank performance and profitability as well as the African banking system, commercial banks in SSA so far remain largely sound and do not pose the risks that may be exposed to contagion effects of the current financial crisis.


However, there may be contagion risks from distressed foreign parent banks to local subsidiaries within Sub-Saharan Africa because parent banks could withdraw capital from African subsidiaries; call in loans to their African subsidiaries; no longer invest local profits in local subsidiaries; or do a combination of these. Also, there exists a risk that governments engage in troubled banks that are non-systemic or that supervisory authorities loosen prudential regulations in response to the crisis.


Thus, the financial sector, particularly banks need to be monitored vigilantly in order to minimize vulnerabilities and mitigate risks.



For interview requests, see following contacts / Pour vos demandes d'interview, contacter l'équipe de la BAD à Addis:


Magatte Wade (global coordination): +251 (0) 91 29 45 910.


Lotfi Madani (broadcast): +251 (0) 91 29 45 882.


Aristide Ahouassou (administrative affairs and interviews): +251 (0) 912945873.


Yvan Cliche (web): +251 (0) 91 29 69 330


Sondes ben Chagra (web): +251 (0) 91 29 45 883.


Felix Njoku (press releases): +251 (0) 91 29 45 872.


Andrew Allimadi (UN Economic Commission for Africa communication team): +251 (0) 91 14 02 719.














Contact in Tunis:


Malika AFIF


External Relations and Communication Unit (ERCU)


African Development Bank


BP 323, 1002 – Tunis Belvedère


Tel: +216 71 10 39 03


E-mail: m.afif@afdb.org

Source: African Development Bank (AfDB)

Hot Topics
New Survey: Americans Plan to Spend Less on Holidays but Remain Generous Despite Recession
Platts Unveils Annual Ranking of 250 Top Performing Global Energy Companies
Mortgage Litigation Activity Tumbles
Seasonal Lull as Housing Market Prepares for Christmas - Rightmove House Price Index November 2009
MasterCard Launches MasterCard Mobile Payments Gateway to Spark Mobile Commerce Globally
The Organisation for Economic Co-Operation and Development Improves External Interaction and Collaboration With Jive
Thanksgiving 2009
Quarterly Earnings Reports
Fort Hood Shootings