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
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...
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...
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...
The Banker’s Bank of the Year Awards 2020 – Financial Times
Digital Brand of the Year 2020 in Uganda – Digital Impact Awards Africa
Best Consumer Digital Bank Award in Uganda - Global Finance
The Digital Banking Excellence Award – Digital Impact Awards Africa
Wednesday 16th December 2020 – Standard Chartered Bank Uganda has swept four (4) international and local prestigious awards from the Financial Times’ Banker Awards, Global Finance and Digital Impact Awards Africa.
Bank of the Year in Uganda 2020 by The Banker Awards
For the last 94 years, The Banker has been the world’s leading monthly journal of record for the banking industry. The aim of the Banker Awards is to highlight industry wide excellence within the banking community gl...
1th December 2020 – Kampala – Standard Chartered has announced a donation of USD 10,000 or Ugx 37,000,000 (Thirty-seven million shillings only) to YouBelong Uganda’s team of social workers, psychiatric nurses, and occupational therapists to implement “PROJECT 500”.
PROJECT 500’s goal is to urgently reduce the number of patients admitted in the National Mental Hospital by 500 to reduce congestion/overcrowding and ensure that the hospital’s health workforce has enough beds and equipment to cope adequately with the COVID19 pandemic.
YouBelong worker facilitates a discussion during a pre discharge family visit
As part of the donation, YouBelong Uganda working with their team of Young professional Ugandans who are committed to the care of people with severe ...
Uganda – A pivotal year
Economic outlook – Election risks, FID to shape recovery
2021 is likely to be a pivotal year for the economy, with the Final Investment Decision (FID) on oil expected by June. Prior to the FID, elections – brought forward by one month to mid-January – are likely to determine investor sentiment and the pace of Uganda’s post-COVID recovery. Political risk is seen as elevated.
Protests following the arrest of opposition leader Bobi Wine in 2020 (accused of flouting COVID restrictions on the size of political rallies) drew a heavy-handed response from police, with scores killed. A post-election calming of sentiment would likely lend itself to a faster growth recovery.
Ongoing political volatility poses further downside risks to our 4.0% GDP forecast ...