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USTDA and AIF Showcase Women as Investment Champions | African Development Bank

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The U.S. Commerce and Improvement Company (USTDA) and African Improvement Financial institution’s Africa Funding Discussion board (AIF) co-hosted a discussion board of 40 ladies leaders who’re delivering high-quality options for Africa’s infrastructure wants. The discussion board happened throughout final week’s U.S.-Africa Enterprise Summit, in Marrakech, Morocco.

Throughout the discussion board, USTDA and AIF showcased how their present partnership advances women-led sustainable infrastructure in Africa. The closed-door gathering introduced collectively ladies leaders from Africa’s personal sector, the U.S. authorities, and worldwide growth finance companies. It additionally supported the U.S. authorities’s Prosper Africa initiative to extend commerce and funding between African nations and the US.

“It’s critically essential to carry collectively ladies to speak about alternatives in infrastructure growth and gaining access to capital,” stated Enoh T. Ebong, USTDA’s Director. “Our partnership with AIF will facilitate ladies’s entrepreneurship in Africa and spark the event of sustainable infrastructure in assist of Africa’s long-term development.”

AIF Senior Director Chinelo Anohu lauded the transaction-focused nature of the partnership.

“Right now, we now have been discussing the obstacles to funding, and how you can surmount them. We additionally thought of how you can construct partnerships throughout companies, and how you can share deal flows and collaborate on the lacking items that may improve infrastructure funding to the continent. This can be a collaboration that we are going to proceed as we head to the Africa Funding Discussion board 2022 Market Days in Abidjan in November, and to the U.S.-Africa Leaders Summit in December.”

Addressing the media after the ladies’s summit, Dana Banks, Particular Assistant to the President and Senior Advisor for the U.S.- Africa Leaders Summit, stated, “the dialogue was a real demonstration of the Biden-Harris Administration’s dedication to Africa and dedication to give attention to ladies’s empowerment within the run-up to the U.S.- Africa Leaders Summit in December.” Banks additionally introduced that the give attention to ladies, and on connecting venture sponsors with capital, can be one of many pillars of the White Home Summit.

 

Concerning the USTDA-AIF Partnership

In November 2021, USTDA and AIF signed a memorandum of understanding (MOU) to assist high-quality infrastructure options for sub-Saharan Africa. It attracts on AIF’s capability to mobilize capital and USTDA’s give attention to assuring the bankability of offers by way of its provision of feasibility research on a grant-making foundation. The MOU has already led to a mutually helpful collaboration to advance sustainable infrastructure tasks that assist Africa’s long-term development, as the 2 organizations share their deal pipelines.

This partnership with USTDA will assist AIF advance a number of of its ongoing priorities, together with its “Girls as Funding Champions” initiative, which was launched in 2019 and led to the institution in 2021 of a stand-alone pillar for transactions that aren’t solely based and led by ladies, but in addition have a major gender influence.

The Girls as Funding Champions initiative can be profiled at AIF’s 2022 Market Days, going down from November 2-4 in Abidjan, Côte d’Ivoire. The platform is anticipated to extend the proportion of offers which are women-led, and ladies impactful, in addition to construct upon AIF’s March 2022 unveiling of 45 tasks price as much as $50 billion for its digital boardrooms. Eight of those had been women-led with a price of practically $5 billion.

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The U.S. Commerce and Improvement Company helps firms create U.S. jobs by way of the export of U.S. items and providers for precedence infrastructure tasks in rising economies. USTDA hyperlinks U.S. enterprise to export alternatives by funding venture preparation and partnership constructing.

The Africa Funding Discussion board is Africa’s premier funding market to speed up transactions to shut Africa’s funding gaps. It’s an initiative of the African Improvement Financial institution and 7 companion establishments: Africa 50, Africa Finance Company, Afreximbank, Improvement Financial institution of Southern Africa, European Funding Financial institution, Islamic Improvement Financial institution and Commerce and Improvement Financial institution.

Prosper Africa mobilizes providers from throughout the usGovernment from 17 collaborating companies to offer companies and traders with market insights, deal assist, financing and options to strengthen the enterprise local weather.

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