Latest news with #AhmedAttout
Zawya
22-07-2025
- Business
- Zawya
Côte d'Ivoire: The African Development Bank's Capital Markets Development Trust Fund (CMDTF) supports establishment of digital platform for public offerings
The Central Depository/Settlement Bank (DC/BR) has officially launched its new digital platform for public offerings (DIGIAPE), with support from the African Development Bank ( DIGIAPE will automate primary market subscriptions in the West African Monetary Union's (UMOA) regional financial market, enhancing both the transparency and reliability of securities allocations while boosting competitiveness through real-time allocation of securities at the close of trading. The African Development Bank is providing $400,000 through the Capital Markets Development Trust Fund for technical support to support the design, installation and operationalization of the DIGIAPE platform, to build staff capacity in managing the platform, and enhance the ability of regional financial market stakeholders to use the platform. Ibrahim Kalil Konaté, Ivorian Minister for Digital Transition and Digitization, was present at the launch event, which was also attended by representatives of the African Development Bank, the Central Depository/Settlement Bank, the UMOA Financial Markets Authority and financial market players. 'The African Development Bank is a key strategic partner in the development of the regional financial market – as evidenced by our having committed more than two billion euros to the financial sector in the West African Economic and Monetary Union (UEMOA) zone, through our various instruments, since 2014,' said Ahmed Attout, Director for Financial Sector Development at the African Development Bank. 'Our intervention is a continuation of the Bank's support for players in the West African Monetary Union regional financial market, which began in 2018,' said Akane Zoukpo Sanankoua, Manager of the Capital Markets Development Division at the African Development Bank. 'Support for the establishment of the DIGIAPE platform once again demonstrates the ability of the Capital Markets Development Trust Fund to respond concretely and strategically to the needs of Africa's changing markets,' she added. DIGIAPE is expected to reduce settlement times and enable real-time allocation of securities at close, creating a more attractive environment for international investors and greater flexibility for sovereign issuers. 'Technological innovation is now a powerful lever for transforming capital markets. In a constantly changing environment, the central depository/settlement bank, like other central securities depositories, must embrace this dynamic in order to meet the growing demand for security, efficiency, transparency and inclusion,' said Birahim Diouf, Director General of the UMOA Central Depository/Settlement Bank. 'DIGIAPE is a digital platform designed to automate and secure the entire subscription process for public offerings on the primary market. It is a concrete response to current challenges, particularly in terms of financial inclusion, the digitization of financial services and the transparency of the regional financial market,' emphasized Diouf. The Capital Markets Development Trust Fund was created in 2019 to contribute to the integration and competitiveness of African capital markets by supporting strategic reforms, strengthening market infrastructure, broadening investor bases and developing innovative instruments. It is supported by the Luxembourg Ministry of Finance, the Dutch Ministry of Foreign Affairs and the Swedish International Development Cooperation Agency. The Central Depositary/Settlement Bank is a specialized UMOA financial institution based in Abidjan, Côte d'Ivoire. It centralizes the custody of securities for its members, manages settlement/delivery operations following stock market transactions, and makes payment for securities events. Distributed by APO Group on behalf of African Development Bank Group (AfDB). Media contact: Romaric Ollo Hien Communication and External Relations Department African Development Bank media@ About the African Development Bank Group: The African Development Bank Group (AfDB) is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 34 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. For more information:
Zawya
04-04-2025
- Business
- Zawya
CORRECTION: African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards
Two African Development Bank Group ( projects have garnered top honours at the 2025 Bonds, Loans&ESG Capital Markets Africa Awards ( conference. A $500 million sustainable term loan facility in Senegal ( was named Sovereign Syndicated Loan Deal of the Year, while Rwanda's €200 million ESG loan ( was awarded ESG Loan Deal of the Year. Both projects were supported by partial credit guarantees from the African Development Bank Group. The awards celebrate Africa's most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring. In its debut on the international sustainable finance market, announced in March 2024, Senegal raised $500 million in long-term financing – part of it in the CFA franc. The African Development Bank served as a financial advisor in addition to providing a partial credit guarantee. The pioneering transaction, which leveraged the Bank Group's credit guarantee to secure favorable borrowing terms and attract diverse investor segments, was seen as underscoring Senegal's commitment to financing critical sustainable development projects in climate resilience, renewable energy, and social infrastructure. In April 2024, Rwanda secured a partial credit guarantee from the African Development Fund, the Bank's concessional window, paving the way for long-term funding from international commercial banks. The financing is supporting Rwanda's National Strategy for Transformation, which focuses on green urbanization, environmental sustainability, social inclusion, and health and education infrastructure. With the African Development Bank serving as the initial mandated lead arranger, this transaction diversifies Rwanda's financing sources and underlines the growing attractiveness of African sustainable investment opportunities in global markets, while enhancing citizens' quality of life. Ahmed Attout, the Bank Group's Director for Financial Sector Development, said: 'These awards underscore the Bank's steadfast commitment to fostering competitive and sustainable financing solutions. By tailoring partial credit guarantees to the specific needs of member countries, Senegal and Rwanda now have access to competitive international capital, enabling them to mobilize long term funding from international commercial banks for green and social initiatives for the first time.' Max Magor N'diaye, Bank Group Senior Director for Syndication, Co-financing client solutions and the Africa Investment Forum stated: 'The awards shine a spotlight on these innovative transactions, marking a game-changing benchmark for leveraging sustainable financing to drive transformative and social progress. They not only benefit communities but also pave the way for a resilient and prosperous future. ' Bonds, Loans&ESG Capital Markets Africa, held annually at the Cape Town International Convention Center, is an important event for Africa's capital markets, bringing together the public and private sectors, government officials, financial institutions, investors, and industry experts for dialogue. Distributed by APO Group on behalf of African Development Bank Group (AfDB). About the African Development Bank Group: The African Development Bank Group (AfDB) is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 34 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. For more information:
Zawya
02-04-2025
- Business
- Zawya
African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards
Two African Development Bank Group ( -supported projects have garnered top honours at the 2025 Bonds, Loans&ESG Capital Markets Africa Awards ( conference. A $545 million sustainable term loan facility in Senegal ( was named Sovereign Syndicated Loan Deal of the Year, while Rwanda's €200 million ESG loan ( was awarded ESG Loan Deal of the Year. Both projects were supported by partial credit guarantees from the African Development Bank Group. The awards celebrate Africa's most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring. In its debut on the international sustainable finance market, announced in March 2024, Senegal raised $545 million in long-term financing – part of it in the CFA franc. The African Development Bank served as a financial advisor in addition to providing a partial credit guarantee. The pioneering transaction, which leveraged the Bank Group's credit guarantee to secure favorable borrowing terms and attract diverse investor segments, was seen as underscoring Senegal's commitment to financing critical sustainable development projects in climate resilience, renewable energy, and social infrastructure. In April 2024, Rwanda secured a partial credit guarantee from the African Development Fund, the Bank's concessional window, paving the way for long-term funding from international commercial banks. The financing is supporting Rwanda's National Strategy for Transformation, which focuses on green urbanization, environmental sustainability, social inclusion, and health and education infrastructure. With the African Development Bank serving as the initial mandated lead arranger, this transaction diversifies Rwanda's financing sources and underlines the growing attractiveness of African sustainable investment opportunities in global markets, while enhancing citizens' quality of life. Ahmed Attout, the Bank Group's Director for Financial Sector Development, said: 'These awards underscore the Bank's steadfast commitment to fostering competitive and sustainable financing solutions. By tailoring partial credit guarantees to the specific needs of member countries, Senegal and Rwanda now have access to competitive international capital, enabling them to mobilize long term funding from international commercial banks for green and social initiatives for the first time.' Max Magor N'diaye, Bank Group Senior Director for Syndication, Co-financing client solutions and the Africa Investment Forum stated: 'The awards shine a spotlight on these innovative transactions, marking a game-changing benchmark for leveraging sustainable financing to drive transformative and social progress. They not only benefit communities but also pave the way for a resilient and prosperous future. ' Bonds, Loans&ESG Capital Markets Africa, held annually at the Cape Town International Convention Center, is an important event for Africa's capital markets, bringing together the public and private sectors, government officials, financial institutions, investors, and industry experts for dialogue. Distributed by APO Group on behalf of African Development Bank Group (AfDB). About the African Development Bank Group: The African Development Bank Group (AfDB) is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 34 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. For more information:
