African Development Bank Group company logo

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afdb.org

Founded Year

1964

Stage

Grant - II | Alive

Total Raised

$1.089B

Last Raised

$7.11M | 1 yr ago

About African Development Bank Group

African Development Bank (AfDB) Group aims to spur sustainable, economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction. The Group is composed of The African Development Bank, The African Development Fund, and The Nigeria Trust Fund.

African Development Bank Group Headquarter Location

Avenue Joseph Anoma 01 BP 1387

Abidjan, 01,

Cote D'Ivoire

+225 (0)20 263 626

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Latest African Development Bank Group News

GAIM 5: Fidelity Bank Rewards 10 Customers In Savings Promo

Aug 3, 2022

Digital Times Nigeria Published 10 customers of Fidelity Bank Plc have been rewarded with N1million each in the eight monthly draws of the bank’s Get Alerts in Millions season five promo (GAIM 5). The Promo Chairman and Executive Director, Lagos and South-West, Dr. Ken Opara, said at the prize presentation in Lagos recently that the promo was aimed at promoting financial inclusion. Opara said that the GAIM was introduced by the bank to support the Central Bank of Nigeria (CBN)’s financial inclusion agenda across the country. “Today, we would be presenting the sum of N1million each to Victor Chimela Ohanmuo and Sampson O. Onwunali, who emerged winners in the eight GAIM 5 monthly draw held last week. “Aside from these customers, eight other winners would receive their cash prizes of N1 million at similar events at their branches across the country at this period. “I congratulate our winners for emerging winners in our July monthly draw; a million naira is a lot of money and I urge them to put their winnings to good use. “As a bank, we have taken it upon ourselves to help them make the best use of their cash prizes so that it continues to yield bountiful rewards for them.” Opara, who was represented by Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc, urged the winners to visit any Fidelity Bank branch for necessary guidance from the bank’s dedicated team of Small and Medium Enterprises advisors on how best to make use of their monies. One of the winners from Fidelity Bank Trade Fair Complex, Badagry Expressway, Lagos branch, Mr. Sampson Onwunali thanked God for using the bank to bless him with a worthy prize. “My heart is full of joy and I thank God for His mercy; when I got a call from the bank that I have won something, I didn’t believe it until I went to my branch to confirm. “I didn’t even know that there was a promo going on, though I heard about it some time ago but I had no interest in participating not to talk of even being one of the winners,” he said. Published Stanbic IBTC Bank Plc has announced a partnership with Bento Africa, to offer more value to Nigerian businesses of all sizes. Bento Africa is a payroll and Human Resource Management (HRM) company with a mission to meet work wherever it happens expand broader access to a wider range of financial services and drive inclusion across the continent. Chief Executive of Stanbic IBTC Bank, Wole Adeniyi while speaking on the rationale behind the partnership, said that the bank was committed to delivering more digitalised value-added services to businesses and SMEs. “Every business we serve pays salaries and has employees, so the provision of a world-class technology platform that enhances how they relate with our bank, drove this strategic partnership,” he said. Speaking further as contained in a statement by the bank, Adeniyi stated: “We are delighted to partner with Bento Africa, who currently serve over 1,000 businesses in Nigeria, Ghana, Kenya, and Rwanda, with plans to roll out to an additional 10 countries by the end of the year. “Bento Africa is modernising the payroll and HRM market in Africa, which has traditionally relied on laborious, manual processes to handle payroll. The start-up helps businesses of all sizes to automate the disbursement of salaries and other statutory remittances, including taxes and pensions with a single click. “Stanbic IBTC customers can access Bento’s services through our digital platforms, including payroll and HRM services, detailed financial data analytics, and seamless payment of employees in both the formal and informal sector, while staying compliant to local laws.” The Bento team through its founders- Ebun Okubanjo and Chidozie David Okonkwo said, “We see this as the beginning of much deeper partnerships with established institutions and start-ups. We are not surprised that Stanbic IBTC was the first to the table, as the bank and its history are grounded in innovation. ADB Appoints Simon Mizrahi Acting VP, Technology & Corporate Services Complex Mizrahi is a seasoned senior executive with more than 25 years of experience in delivering strategic leadership on development and development policies Share Post Mr. Simon Mizrahi, Acting Vice President, Technology and Corporate Services Complex, African Development Bank The African Development Bank has appointed Mr. Simon Mizrahi as Acting Vice President, Technology and Corporate Services Complex, effective 20 June 2022. Mizrahi, a British national, is currently the Director for Delivery, Performance Management and Results at the African Development Bank Group and Acting Director for the Operations Committee Secretariat and Quality Assurance. In these capacities, he oversees results delivery on the Bank’s multi-billion annual investments across the African continent and engages with the Board of Directors and donors on the full complexity of the Bank’s development challenges. Mizrahi is a seasoned senior executive with more than 25 years of experience in delivering strategic leadership on development and development policies. He has extensive experience in leading policy work and has published on issues central to the development agenda with a strong emphasis on development impact, climate change and development effectiveness. Mizrahi has demonstrated a strong capacity for thought leadership, strategic decision-making and delivering bottom-line results. As the Head of the Operations Committee Secretariat, he reviews and assesses all Bank operations, operating rules, and policies. His department also sets and monitors operational standards for lending, supervision and project completion. In 2019, he elaborated the Bank’s Quality Assurance Plan and established its first programme to train operational staff toward improving the quality and impact of Bank operations. Before joining the Bank, Mizrahi was Deputy Head at the Organisation for Economic Cooperation and Development (OECD), in charge of aid effectiveness. He authored the Paris Declaration on Aid Effectiveness and the Accra Agenda for Action, two landmark agreements adopted by 110 countries and organisations across the world. From 1994 to 1996, Simon also worked as a country director for Médecins du Monde in Kigali, Rwanda, and Managua, Nicaragua. Mizrahi has operated in eight African countries and, in 1994, was Head of Operations for Urgence Rwanda, a coalition of NGOs in charge of delivering humanitarian assistance to Rwanda and Goma in the Democratic Republic of Congo, in the immediate aftermath of the genocide. Mizrahi holds a Master of Philosophy degree in Political Sciences and International Relations from the University of Cambridge, UK (1991) and a Master’s degree in Political Sciences from the Institut d’Etudes Politiques de Paris, France (1990). “I am humbled and deeply honoured that Dr. Adesina has appointed me to this new and very exciting position. Innovation and technology have the potential to revolutionise the way the Bank operates and does business in Africa. “The Bank has an amazing and highly skilled staff and I look forward to working with them to harness the transformative energy of technology to better support the Bank’s corporate services and realise its development goals,” Mizrahi said. President of the African Development Bank Group, Dr. Akinwumi Adesina said: “I am pleased to appoint Simon Mizrahi into this new role of Acting Vice President for Technology and Corporate Services to lead the drive for full digitalisation of the Bank, deployment of big data analytics, robotics, machine learning and other IT tools and systems to revamping how we do business, including cybersecurity to protect ourselves. “Simon is a highly skilled and experienced member of my senior leadership team. He is results-oriented, a quality that shows in a successful manner he delivers complex operations in challenging settings across the continent. Ecobank Nigeria Launches Super Rewards Season III The two-month campaign which kicked off June 20 and will run through to August 21, 2022, will see 100 customers get N50, 000 monthly in rewards Share Post The customer-focused initiative is designed by Ecobank Nigeria to reward customers’ loyalty. Season 3 is set to reward 100 customers with cash prizes of N50,000 monthly, while two customers will go home with N1 million each at the end of the Season. The two-month campaign kicked off on June 20 and will run through to August 21, 2022. Announcing the commencement of the new season in Lagos, Korede Demola-Adeniyi, Head, Consumer Banking, Ecobank Nigeria said season 3 promises to be bigger with 100 customers benefiting N50,000 each. She stated that participation is open to both new and existing individual customers of the Bank, who qualify to be rewarded, while also enjoying a first-grade banking experience. According to her, “Now is the perfect time to open an account with us or reactivate and fund your dormant account. The Super Reward campaign which was initiated by Ecobank in March 2021 is designed to promote a healthy savings culture amongst Nigerians and reward customer loyalty to the Ecobank brand. “The success of season 1 and 2 campaigns followed by customers’ demand led to the introduction of Season 3. Both Seasons 1 and 2 have produced a total of 8 Millionaires and 1,600 customers being rewarded N25, 000 weekly in batches of fifty per week,” she stated. Speaking on the dynamics of the campaign, Daberechi Effiong, Head, Consumer Products, Ecobank Nigeria, said the conditions to qualify for the campaign are simple and easy to ensure both new and existing customers participate and get rewarded. According to her, “New customers only need to open an account with a minimum of N5,000 while existing customers should make minimum deposits of N5,000. Customers with a dormant account will also qualify when they reactivate and fund their account with a minimum of N5, 000.” She further explained that qualifying customers will be rewarded monthly. “Rewards will be done monthly for the 2 months starting from July, 100 customers will be rewarded with N50, 000 monthly. There will be two grand prize rewards of N1 million each at the end of the campaign.” She further enjoined those that are yet to open an account with the bank to do so to enjoy the bouquet of products and services.

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  • When was African Development Bank Group founded?

    African Development Bank Group was founded in 1964.

  • Where is African Development Bank Group's headquarters?

    African Development Bank Group's headquarters is located at Avenue Joseph Anoma, Abidjan.

  • What is African Development Bank Group's latest funding round?

    African Development Bank Group's latest funding round is Grant - II.

  • How much did African Development Bank Group raise?

    African Development Bank Group raised a total of $1.089B.

  • Who are the investors of African Development Bank Group?

    Investors of African Development Bank Group include Government of the Netherlands, Green Climate Fund and Japan International Cooperation Agency.

  • Who are African Development Bank Group's competitors?

    Competitors of African Development Bank Group include Africa Finance Corporation.

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