AfDb Archives - Page 2 of 6 - Business Metrics

‘Poor Nigerians Benefit Only 3% of $10BN Fuel Subsidy Paid in 2022’

The argument that fuel subsidy payment in Nigeria only benefits the rich has just been reinforced by Mr. Akinwunmi Adesina, President of the African Development Bank...

Africa Projected as World’s Second-Fastest Growing Economy

Economy1 year ago

Africa Projected as World’s Second-Fastest Growing Economy

Africa is set to be the second-fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple...

AfDB Projects African Economy to Grow by 4.1% Amid Crises

Economy1 year ago

African Economy to Grow by 4.1% Amid Crises – AfDB

The African Development Bank (AfDB) says Nigeria and other economies of Africa is projected to grow by 4.1 per cent in 2023 and 4.3 per cent...

AfDB Supports Fintech Hub Project with $525K Grant

Fintech2 years ago

AfDB Supports Fintech Hub Project with $525,000 Grant

The African Development Bank (AfDB) has signed a $525,000 agreement to support Africa Fintech Network’s (AFN) Hub project. Mr Lamin Barrow, the Director-General, AfDB, Nigeria Country...

Simon Mizrahi AfDB Appoints Simon Mizrahi Vice President for Technology and Corporate Services The African Development Bank (AfDB) has appointed Simon Mizrahi, a British national, Vice President for its Technology and Corporate Services Complex, with effect from the 1st of April 2023. Before his new appointment, Mizrahi served as Acting Vice President for the complex, doubling as Director for the Bank’s Development Impact and Results Department. He is a seasoned senior executive with more than thirty years of experience in exercising strategic leadership on development operations and policies. His AfDB voyage Since joining the AfDB Mizrahi has acquired an in-depth understanding of the institution’s business needs, its operating environment, and its corporate governance. He also has extensive experience leading complex corporate reforms. In 2019, Mizrahi played a key role in the Bank’s proposal for a seventh general capital increase, which produced $115 billion in additional capital—the largest increase in its history. The same year, he elaborated the Bank’s Quality Assurance Plan and established the Operations Academy, the institution’s first formal program to train operational staff as a means of improving the quality and impact of Bank operations. Mizrahi is also responsible for promoting transparency and accountability across the African Development Bank. In 2022, Publish What You Fund, the global campaign for aid and development transparency, named the African Development Bank the most transparent development organisation in the world. It ranked its Sovereign Portfolio first out of 50 global development institutions in its Aid Transparency Index with a top score of 98.5. Prior to the AfDB Before joining the African Development Bank, Mizrahi worked at the Organisation for Economic Co-operation and Development as Deputy Head for Aid Effectiveness. He authored the Paris Declaration on Aid Effectiveness and the Accra Agenda for Action, two landmark agreements adopted by 110 countries and organizations across the world. Before this, he was a country director for Médecins du Monde in Rwanda and Nicaragua, from 1994 to 1996. Mizrahi has a deep, first- hand understanding of Africa’s development challenges. He has operated in eight African countries, and in 1994, was Head of Operations for Urgence Rwanda, a coalition of non-governmental organizations that delivered humanitarian assistance to Rwanda and Goma in the Democratic Republic of Congo, in the immediate aftermath of the genocide. Mizrahi began his professional career in the financial industry in London. Throughout his career, he has demonstrated a strong capacity for thought leadership, strategic decision-making, and delivery of bottom-line results. He has published extensively on issues central to the development agenda, especially development impact, climate change, corporate performance, and development effectiveness. Mizrahi holds a Master of Philosophy degree in politics and international relations from the University of Cambridge (1991) and a master’s degree in political science from the Institut d’Études Politiques de Paris (1990). Remarks Commenting on his appointment, Mizrahi said: “I am deeply honored that Dr Adesina has appointed me to this position. I see it as an extraordinary opportunity to contribute to the African Development Bank’s corporate priorities and promote Africa’s premier development organization.” Dr. Akinwumi A. Adesina, President of the African Development Bank Group, said: “I am pleased to appoint Mr. Simon Mizrahi into this new role of Vice President for Technology and Corporate Services Complex, where he will lead the drive to fully digitalize the Bank and deploy big data analytics, robotics, machine learning, and other IT tools. “He will drive the Bank’s Real Estate Strategy and oversee the formulation and implementation of its policies and controls on asset management and information technology systems. Simon will also ensure effective and sustained delivery of corporate services, including institutional procurement, language services, cybersecurity, and business continuity.”

Appointments2 years ago

AfDB Appoints Simon Mizrahi Vice President for Technology and Corporate Services

The African Development Bank (AfDB) has appointed Simon Mizrahi, a British national, Vice President for its Technology and Corporate Services Complex, with effect from the 1st of...

Finance2 years ago

Moni Targets Africa’s $421Bn Credit Gap with New SME Loan Offers

By Rosemary Iwuala Moni Africa has launched a new range of business loans that enables Small and Medium Enterprises (SMEs) to leverage their communities to access...

Investment in Digital and Creative Enterprises

General2 years ago

Nigeria Launches $600m Flagship Initiative for Young Techy, Creative Nigerians

By Rosemary Iwuala Funders: African Development Bank (AfDB) – $170 million Islamic Development Bank (IsDB) – N70 million Agence Française de Développement – $116 million Nigeria...

Africa Attracts Fresh $50 Billion International Support to Transform Agriculture

Commodities News & Agribusiness2 years ago

Africa Attracts Fresh $50 Billion International Support to Transform Agriculture

By Umar Suleiman Africa’s drive to transform its agriculture and become a breadbasket has continued to receive strong global support, with development partners agreeing to commit...

Economy2 years ago

Côte d’Ivoire, Ghana, Nigeria as Bright Spots of West African Economic Growth

The African Development Bank (AfDB) has identified the trio of Côte d’Ivoire, Ghana and Nigeria as the leading economies to lift the gross domestic product (GDP)...

AfDB Upbeat with Africa’s GDP Growth at 4% in 2023-2024

Economy2 years ago

AfDB Upbeat with Africa’s GDP Growth at 4% in 2023-2024

By Christy Animam The African Development Bank (AfDB) has projected in a new report that Africa economies remain resilient with a stable outlook in 2023-2024, despite...