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Housing Finance Bank
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The African Development Bank and the Green Growth Knowledge Platform (GGKP) Join Forces to Mainstream Natural Capital in Development Finance

The African Development Bank and the Green Growth Knowledge Platform (GGKP) Join Forces to Mainstream Natural Capital in Development Finance

AFRICA, Banking World, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, TECHNOLOGY, Uganda Banker's association, World Bank
Natural capital is the stock of renewable and non-renewable natural resources, such as plants, animals, air, water, soils and minerals ABIDJAN, Ivory Coast, December 23, 2020 -- The African Development Bank (https://www.AfDB.org/) and the Green Growth Knowledge Platform (GGKP) have been awarded a two-year, CHF 241,875 ($273,439) grant from the MAVA Foundation to mainstream natural capital in development finance in Africa. MAVA, a philanthropic foundation, promotes the conservation of biodiversity and advocates for sustainable economies in the Mediterranean, West Africa and Switzerland. The grant will support activities to develop a business case for natural capital among multilateral development banks, scale up the application of natural capital in infrastructure ...
Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme

Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme

AFRICA, Banking World, Business, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, UGANDA, Uganda Banker's association, West Africa
Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme The Desert to Power initiative intends to turn the Sahel region into a renewable powerhouse, harnessing its solar potential to create the world’s largest solar zone ABIDJAN, Ivory Coast, December 22, 2020/ -- The Board of Directors of the African Development Bank (https://www.AfDB.org/) approved on Wednesday a Desert-to-Power (D2P) technical support program that will advance the rollout of solar generation in G5 Sahel countries, where 60 million people lack access to electricity. The technical assistance, in the form of a $5 million grant from the Sustainable Energy Fund for Africa (SEFA), has three main components: (i) technical studies for the i...
African Development Bank Group approves UA 16 million to strengthen legal expertise and negotiating capacities of transition states

African Development Bank Group approves UA 16 million to strengthen legal expertise and negotiating capacities of transition states

AFRICA, Banking World, Business, Housing Finance Bank, INTERNATIONAL, Ivory Coast
The funds, from the African Development Fund (ADF) Transition Support Facility, will provide additional funding and operational flexibility ABIDJAN, Ivory Coast, December 22, 2020/ -- The Boards of Directors of the African Development Bank (www.AfDB.org) and the African Development Fund (ADF) have approved a grant of UA 16 million to the African Legal Support Facility (ALSF) to strengthen legal expertise and negotiating capacities of transition states in Africa. The funds, from the ADF’s Transition Support Facility, will provide additional funding and operational flexibility through which the Bank can assist eligible Regional Members Countries (RMCs) facing issues of fragility to build resilience. The Targeted Support Window (Pillar III) through which the funds will be ...
African Development Bank, partners, host online workshop on enhancing water security in the Greater Horn of Africa

African Development Bank, partners, host online workshop on enhancing water security in the Greater Horn of Africa

AFRICA, Banking World, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, UGANDA, United Bank For Africa, World Bank
The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility ABIDJAN, Ivory Coast, December 21, 2020 The African Development Bank (www.AfDB.org) and the Intergovernmental Authority on Development (IGAD) (https://bit.ly/3nDsT4E), a regional organization of Horn of Africa countries, held a webinar to discuss the pressures affecting water security in the Greater Horn of Africa and how the Bank can support regional member countries to better respond to growing water stress. The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility. The event was underpinned by several studies indicating that pressures o...
African Development Bank’s Board of Directors approves the Bank’s borrowing program for 2021

African Development Bank’s Board of Directors approves the Bank’s borrowing program for 2021

AFRICA, Banking World, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, TECHNOLOGY, UGANDA, World Bank
The Bank will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing of its local currency operations ABIDJAN, Ivory Coast, December 20, 2020/ -- The 2021 Borrowing Program of the African Development Bank (www.AfDB.org) has been approved by the Board of Directors for up to $10.4 billion to be raised from capital markets. This program will allow the Bank to raise funds in the debt capital markets in order to help finance the Bank’s projects and programs in Africa. The approval was made on December 11, 2020. The African Development Bank is active in various international capital markets including the US dollar, Euro, Australian dollar and Pound sterling. The Bank will continue to promote...
African Development Bank appoints Director and Special Advisor For Multilateral Development Banks, International Financial Institutions and Non-Regional Shareholders Relations in the Office of the President

African Development Bank appoints Director and Special Advisor For Multilateral Development Banks, International Financial Institutions and Non-Regional Shareholders Relations in the Office of the President

AFRICA, Angola, Banking World, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, UGANDA, Uganda Banker's association, United Bank For Africa, WORLD, World Bank
Gauthier, a Belgian citizen, is a seasoned professional in international negotiations and relations with various stakeholders ABIDJAN, Ivory Coast, December 16, 2020 The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Mr. Gauthier Boulard as Director and Special Advisor in the Office of the President, effective 1 January 2021. In his new role, Gauthier will support President of the African Development Bank Group Akinwumi Adesina, to strengthen partnerships and engagements with multilateral development banks, international institutions and global initiatives to coordinate international financing for development. He will also support the President in outreach efforts to strengthen relations and engagements with non-regional m...
The African Development Bank Appoints Mr. Simon Mizrahi, Acting Director, Communication and External Relations (PCER)

The African Development Bank Appoints Mr. Simon Mizrahi, Acting Director, Communication and External Relations (PCER)

AFRICA, Banking World, EAST AFRICA, Housing Finance Bank, Ivory Coast, TECHNOLOGY, UGANDA, Uganda Banker's association, United Bank For Africa, West Africa, WORLD, World Bank
Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division ABIDJAN, Ivory Coast, December 17, 2020/ -- The African Development Bank (https://www.AfDB.org/) is pleased to announce the appointment of Mr. Simon MIZRAHI as Acting Director, Communication and External Relations Department (PCER), effective 16 December 2020. The African Development Bank Appoints Mr. Simon Mizrahi, Acting Director, Communication and External Relations (PCER) Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division. Before joining the African Development Bank, he worked for the Organisation for Economic Cooperation and Development (OECD), based in France, as Senior Policy Adviser, A...
Housing Finance Bank offers affordable bancassurance solutions

Housing Finance Bank offers affordable bancassurance solutions

Banking World, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, UGANDA
  Kampala,Uganda: – Four years since Bancassurance was first introduced in Uganda as part of the amendments to the Financials Institutions Act 2014, experts say the concept is gaining ground and is expected to greatly impact Insurance penetration. Bancassurance is the selling and distribution of insurance products through banks. Commercial Banks are adopting it because selling insurance products gives them a new and lucrative revenue stream without high new setup costs. On April 13, 2018, the Insurance Regulatory Authority (IRA) of Uganda granted a License to Housing Finance Bank to start selling insurance policies to its customers and the general public. The IRA Acting Chief Executive Officer, Benerd Obel said during the event at the authority that Housing finance Bank had become...
Housing Finance Bank partners with NSSF to enable social security contributions through Agency Banking

Housing Finance Bank partners with NSSF to enable social security contributions through Agency Banking

AFRICA, Banking World, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, NSSF, TECHNOLOGY, UGANDA
Kampala,December 2020 – Housing Finance Bank , National Social Security Fund (NSSF) and ABC (Agent Banking Company) have today announced a partnership that enables social security  collections through agency banking. The partnership means that NSSF members will now be able to submit their social security contributions through Housing Finance Bank agents in their neighborhood. Speaking during the launch, Michael Mugabi, the Housing Finance Bank Managing Director explained that the service will bring convenience to the Fund’s members whilst giving the bank an opportunity to expand the financial services offered through its agency banking platform. “Given the prevailing circumstance, just like any other business, we have had to be fluid and deliberate in the way we innovate o...