O'Neil Rane’s Post

The #AfricanDevelopmentFund (ADF) will hold its Mid-Term Review (MTR) in Benin this week. At #ADF16MTR, Bank Management will report on progress made under #ADF16, focusing on two strategic operational priorities: developing sustainable, climate-resilient, quality infrastructure; and strengthening governance, capacity building, and sustainable debt management in recipient countries.   More on the concessional lending window of the African Development Bank Group: adf.afdb.org

grateful to have a fruitful conversation with Mike Ogbalu III FCIB, CEO of Pan-African Payment & Settlement System - PAPSS in Windhoek Namibia. He inspires me a lot with his devotion and resilience to promote a pan-African payment system for the Africans. one thing is true, the one who controls your payment system, controls your business. Africans must stand up, in unison, as one person to adopt PAPSS payments at all levels. This will avoid the widespread use of Euros or Dollars for intra-African trade. The future of Africa is in the hands of Africans. # African Export-Import Bank (Afreximbank) # Afreximbank Trade Intelligence Solutions # Afreximbank Research # Pan-African Payment & Settlement System - PAPSS #

The Islamic Development Bank (IsDB) was accredited to be an #ImplementingPartner of the #MCDFFinanceFacility by the #MCDFGoverningCommittee, in concurrence with the Asian Infrastructure Investment Bank (AIIB), the MCDF Administrator. IsDB will be the seventh Implementing Partner of the MCDF Finance Facility. The other six MCDF Finance Facility Implementing Partners are the African Development Bank Group, Africa Finance Corporation, Asian Infrastructure Investment Bank (AIIB), CAF -banco de desarrollo de América Latina y el Caribe-, International Fund for Agricultural Development (IFAD), and Caribbean Development Bank. To date, the MCDF Finance Facility has provided 33 approved grants to support cross-border connectivity infrastructure projects, reaching a total amount of USD38.3 million, which is expected to mobilize USD7.2 billion in investment in Africa, Asia, and Latin America and the Caribbean. Learn more: https://lnkd.in/gT9tbc3n #ConnectivityforAll #CrossBorderConnectivityInfrastructure

The African Development Bank (AfDB) and Banque Centrale Populaire - BCP have entered into a landmark $70 million risk-sharing agreement (RSA) aimed at invigorating private sector financing and enhancing trade across Africa. This significant agreement allocates an overall risk limit to local African banks, bolstering their ability to support economic activities on the continent. The collaboration between #AfDB and BCP is set to enhance financial inclusion for economic operators, with a special focus on small and medium-sized enterprises (SMEs). By consolidating the foreign trade capacities of these enterprises, the initiative is projected to catalyze approximately €200 million in trade.

#MFW4APartnerSpotlight The African Development Bank Group has approved a $6.6 million grant to help Somalia improve its financial institutions, including the Central Bank and Financial Reporting Center, to support inclusive growth. The project aims to strengthen anti-money laundering efforts, boost financial stability, and attract private investment. Somalia's integration into the global financial system has been hindered by insecurity and lack of banking services. Strengthening the financial sector is crucial for Somalia’s stability and its connection to the global economy. Read the full article here: https://lnkd.in/deEh3tFC #FinancialInclusion #Investment #AML #FinancialStability #Africa #InclusiveFinance #BankingInnovation #PrivateSector

🌍🌍🌍: "WORLD BANK GROUP | “PUBLIC EXPENDITURE AND FINANCIAL RESPONSIBILITY” PROGRAM (PEFA) ✅ In every country in the world the following question arises: how to use public resources in the most effective and efficient way possible? In the absence of quality public financial management (PFM), governments often struggle to use public funds well, whether to provide essential services to citizens or to achieve public sector goals. long term. ✅ How to evaluate a country's PFM in order to sustainably encourage its development? The PEFA framework helps identify and assess the strengths and weaknesses of each country's PFM system and put this information to work for PFM reforms. With more than 650 assessments carried out in more than 150 countries (*) of all income levels, the PEFA framework has established itself as the benchmark for evaluating public financial management performance. #WBG #world #africa #Afrique #PEFA #IMF #Team242 #FMI #WBGYouthSummit

++ African Development Bank Group Approves $6.6M Grant to Strengthen Somalia’s Financial Sector ++ The African Development Bank Group has approved a $6.6m grant to support the Federal Government of Somalia (FGS) in strengthening state capacity to build its financial architecture in order to promote inclusive and equitable growth. "This is a timely intervention that will enhance governance, accountability, skills, and technology development while fostering private sector growth through regulatory improvements and financial sector development. This will also build robust national financial systems that offer increased long-term finance availability, reduced intermediation costs, and improved financial infrastructure." - Ahmed Rashad ATTOUT, Director of Financial Sector Development, African Development Bank Group #techafricanews #africa #financial #sector #development #infrastructure #inclusiv# #private #growth

𝗝𝗢𝗥𝗗𝗔𝗡 𝗦𝗖𝗛𝗪𝗔𝗥𝗧𝗭: #GlobalFinancing Multilateral development banks (MDBs) are doing more than writing checks. They're creatively employing capital-market mechanisms, structured finance, and sustainability-linked bonds to mobilise financing for sustainable projects. This isn’t exactly new; even The Code of Hammurabi, nearly 4,000 years old, allows for suspending debt payments following a flood or drought. MDBs are revolutionising these old practices for the modern era. Read more https://ow.ly/AGIn50U264a

The Pakistan Credit Rating Agency Limited [PACRA] assigns Initial Stability Rating to ABL Islamic Money Market Fund. Long Term "AA+(f)" with a Stable Outlook The “AA+(f)” rating denotes “Very Strong. A very strong capacity to maintain relative stability in returns and possesses low exposure to risks. This capacity may, nevertheless, be more vulnerable to changes in circumstances or in economic conditions. To read more please click the following links: Press Release: https://lnkd.in/dGf4GenF Rating Report: https://lnkd.in/dWbY46YQ Sector Study: https://lnkd.in/esaEjkAn ABL Funds #Pakistan #PACRA #ratings #economy #research #mutualfunds #capitalmarket #AMC

Day 1: 6th Annual Arise Conference 2024. Some of the topics discussed: The role of SMMEs in advancing economic growth and financial inclusion; Barriers to SMME banking in Africa; and Paving the way for the ‘’Bank of the Future’’ in Africa #ARISE_SA #ARISE B.V. #Andile #AndileSolutions