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AfDB, Partners Agree To Strengthen Commitment To Gender Equality



The African Development Bank (AfDB) and partners have agreed to strengthen their commitment to gender equality.

The agreement is on the theme: “Development Banks as Actors for Change towards Gender Equality.”

AfDB Director for Gender, Women and Civil Society, Vanessa Moungar, joined high-level representatives from global financial institutions and UN Women in signing a joint declaration on gender equality.

The declaration was one highlight of a Finance in Common Summit panel hosted virtually by the French Development Agency, Agence Française de Développement (AFD), during the Paris Peace Forum on 12 November, the bank says.

Panel organizers said gender inequality costs sub-Saharan Africa $95 million each year.

Moungar and other panelists addressed the critical role and impact of public-private development banks in achieving gender equality for inclusive economic growth.

She said to change the status quo, the AfDB is taking the lead in accelerating efforts to address gender inequality and drive inclusive economic transformation for women across Africa.

It is doing this through mainstreaming gender in its operations as well as targeted initiatives, all supported by evidence-backed policy dialogue.

“If women can participate in the continent’s economic growth and transform their livelihoods, Africa’s economies will be transformed,” she said.

Moungar said that the Bank is investing in empowering women entrepreneurs through it Affirmative Finance Action for Women in Africa (AFAWA) programme.

It is designed to tackle the challenges women in business face, from access to finance and training to the lack of an enabling environment.

Meral Murathan, Executive Vice President of the Turkey-based investment and development bank, TSKB, said her organization is mainstreaming gender approach to increase impact at the grassroots level.

“We believe development bank actors hold the key to drive the gender equality and equity agenda,” she further added.

Seblewongel Deneke Negussie, Gender and Social Specialist at Green Climate Fund, told the audience that the organization only considers funding proposals that include consistent gender analysis.

GFC also considers, assessment, action plan, and gender-responsive policies in project design and implementation.

It also views women as key drivers to build back better, resilient communities

The meeting recognised that the COVID-19 pandemic’s impact on women had widened gender inequality around the world.

To address these and other pandemic-related challenges, the AfDB Group launched a $10 billion COVID-19 Rapid Response Facility (CRF) in April 2020.

It provides a fast, flexible and effective financing mechanism to help African governments and the private sector.

Representatives from The Green Climate Fund said the Fund’s gender action plan and funding policies for development banks had set a strong commitment to linking gender equality with climate change.

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Business News

Business Edge | Nigeria, UAE Signs MOU, Eskom Faces R5 Million Over Kendal Power Station Pollution



The Nigerian Government has signed a Memorandum of Understanding with the United Arab Emirates (UAE), which provides a platform for both countries to establish a Joint Commission between the two friendly countries, seeking to enhance cooperation and coordination between both countries in all fields.

Also, Eskom could face fines of up to R5-million under South Africa’s air quality legislation for supplying blatantly false and misleading information about its toxic pollution at the Kendal coal-fired power station to authorities.
On 28 January 2021, the state-owned energy utility will appear in the Emalahleni regional court on four counts of environmental transgressions.

Tolulope Adeleru-Balogun and Mukhtar Mohammed, CEO Asher Dynamic Solutions, discussed these on Business Edge.

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Business News

Nigeria’s Federal Government Approves N117 Billion for Road Rehabilitation

The Ministry of Works and Housing presented three memoranda, two relating to roads, and one relating to a banking application.



The Federal Executive Council (FEC) on Wednesday approved N117.6 billion for the rehabilitation of some major roads across Nigeria.

This was disclosed to journalists by the Minister of Works and Housing, Babatunde Fashola, after the meeting chaired by President Muhammadu Buhari.

The Ministry of Works and Housing presented three memoranda, two relating to roads, and one relating to a banking application.

Read also: Full Text Of Nigeria’s President Buhari Budget Proposal Speech

“The first set of roads is for a total sum of N18,923,846,198.47, and it is with respect to roads and bridges as follows: rehabilitation of 26 km road linking Kano, Jigawa and the Katsina States, N8.767 billion; Omo-Umulokpa road in Anambra and the Enugu States, N1.712 billion; rehabilitation of Oye-Oranta road in Anambra, N2.504 billion; Okpoko bridge along Benue-Cross River road, N1.057 billion; the bridge at km 22.7 along Bida-Zungeru road in Niger State, N1.022 billion; Nkumi bridge linking Abia and Enugu States, N1.0.72 billion, and Challawa-Nunku road in Kombotso, Kano State, N2.787 billion.

“The other memorandum relating to roads is also for the total sum of N98,073,840, 842.81. The roads are Rijiya-Gusau road in Zamfara State, N7.799 billion; Jegga-Kwana-Sanagi-Gumi road in Kebbi State, N31.539 billion; Koko-Mahuta road in Kebbi, N19.713 billion; Kuka Babbangida-Ganagara road in Katsina State, N11.731 billion; Ihiala-Olu-Umudu road, N16.750 billion; Oye-Ama-Etite-Umuawulu road in Anambra, N2.155 billion and Bichi road in Kano State, N8.384 billion,” Fashola said.

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Business News

Arik Air Workers Ground Operations

They alleged that several members of staff had been furloughed, adding that pensions were being owed.



Operations of Arik Air, one of Nigeria’s carriers have been grounded by the National Union of Air Transport Employees over poor working conditions.

The workers on Thursday blocked the entrance of the airline’s headquarters in Lagos, the country’s commercial capital in the South West, carrying placards with different inscriptions.

Some of the inscriptions read, “End Arik brutality”, and “Sign our condition of service and recall all staff.”

They alleged that several members of staff had been furloughed, and that pensions were being owed.

The Lagos state Secretary of NUATE, Ijeh Anthony, said the issue had lingered for long, vowing to continue the strike till all demands are met.

He said, “The contentious issue is the signing of the Conditions of Service which we have been negotiating for the past three years.

Read also: Unions Shut Down Nigeria’s Arik Air Operations Over Anti-Labour Practices

“But the only aspect remaining in the CoS is the issue of the severance package. We have sought interventions from the Ministry of Aviation, the Nigerian Civil Aviation Authority.

“However, in most discussions, Arik Air Management will always renege.”

At the Murtala Muhmmed Airport 2 terminal, several passengers booked for 8 am flights were stranded.

Some of the passengers were distraught after waiting for several hours.

Officials from the airline were seen trying to manage the situation.

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