0
0
FOR 2016 - 2020
OVER
OVER €
BILLION
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AFD Group is a bilateral platform which seeks to bring stakeholders together to consolidate the prosperity of
this region and address its weaknesses, based on four lines of action: support the economic and social integration of youth; consolidate democratic and
citizen-based transitions within States and civil society; provide an integrated response to the risks of vulnerability in the Sahel and Lake Chad regions; and help build
value-creating urban areas in line with the dynamics of the SDGs.
AFD Group is a bilateral platform which seeks to bring stakeholders together to consolidate the prosperity of this region and address its weaknesses, based on four lines of action: support the economic and social integration of youth; consolidate democratic and citizen-based transitions within States and civil society; provide an integrated response to the risks of vulnerability in the Sahel and Lake Chad regions; and help build value-creating urban areas in line with the dynamics of the SDGs.
MATTHIEU DISCOUR
AFD REGIONAL DIRECTOR, GULF OF GUINEA
Bring stakeholders together to consolidate the prosperity of this region
Bring stakeholders together to consolidate the prosperity of this region
Composed of Benin, Côte d’Ivoire, Ghana, Guinea, Liberia, Nigeria, Sierra Leone and Togo, the Gulf of Guinea is a demographic and economic “heavyweight” in Africa. This region has a GDP of over €500 billion and benefits from strong economic dynamics, with higher growth rates than the African average in most of the countries. This dynamic growth however, is threatened by certain endogenous weaknesses. To consolidate the Gulf of Guinea’s prosperity and address its vulnerable areas, AFD Group has identified four lines of action in its regional strategy.
Composed of Benin, Côte d’Ivoire, Ghana, Guinea, Liberia, Nigeria, Sierra Leone and Togo, the Gulf of Guinea is a demographic and economic “heavyweight” in Africa. This region has a GDP of over €500 billion and benefits from strong economic dynamics, with higher growth rates than the African average in most of the countries. This dynamic growth however, is threatened by certain endogenous weaknesses. To consolidate the Gulf of Guinea’s prosperity and address its vulnerable areas, AFD Group has identified four lines of action in its regional strategy.
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€
€
€
billion
billion
million
million
OF PROJECT FINANCING
OF PROJECT FINANCING
INCLUDING
FOR PROPARCO
FOR PROPARCO
3
2
1
Provide an integrated
response to the risks of
instability in the border areas
of the Sahel and Lake Chad
Provide an integrated response to the risks of instability in the border areas of the Sahel and Lake Chad
Consolidate the democratic
and civic transitions through
action at State and
civil society level
Consolidate the democratic and civic transitions through action at State and civil society level
Help build value-creating urban spaces with
low climate and environmental footprints
Help build value-creating urban spaces with low climate and environmental footprints
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One of AFD Group’s priorities in the Gulf of Guinea region is to take action to make societies more inclusive.
This means universal social public services (health, education), and requires guaranteeing accessible justice for all.
It also involves improving State financial management and efficiency to increase the sustainability of policies and support the development of civil society.
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With youth partly underemployed and in search of opportunities, AFD Group’s response is to support education, from the fundamentals to vocational training and higher education, particularly in rural areas.
It is also committed to promoting employment by supporting the private sector and strengthening social and economic cohesion through sport and cultural creation.
AFD Group also aims to support gender equality among the younger generations by taking coordinated action to ensure the access of young women to education, financing, land, employment and healthcare.
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AFD Group plays a crucial role in preserving natural resources and protecting lagoon and coastal areas, in order to build cities that are more resilient to climate change.
It supports energy policies and urban transport plans for low-carbon cities.
The Group also helps support an urban society based on digital technology, knowledge and entrepreneurship, in order to build connected and job-rich cities.
This policy develops health and education services for all, and also promotes agriculture geared towards cities, in order to make them inclusive.
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To address the risks of instability in border areas, the main challenge is to anticipate and reduce tensions, and strengthen the resilience of institutions, territories and people.
AFD Group targets these vulnerable areas (“acting in the North”) and areas already in crisis (Lake Chad), where it supports agricultural development and access to basic services (such as for energy and water).
In partnership with ECOWAS, it also assists population movements, in particular related to nomadism, by integrating the anticipated effects of climate change into these ways of life.
In addition, the Group supports projects for environmental conservation (forests, savannah areas) and climate change adaptation that are better shared by communities (“social co-benefit”), while assisting regional economic integration to help open up the Sahel.
To address the risks of instability in border areas, the main challenge is to anticipate and reduce tensions, and strengthen the resilience of institutions, territories and people. AFD Group targets these vulnerable areas (“acting in the North”) and areas already in crisis (Lake Chad), where it supports agricultural development and access to basic services (such as for energy and water).
In partnership with ECOWAS, it also assists population movements, in particular related to nomadism, by integrating the anticipated effects of climate change into these ways of life. In addition, the Group supports projects for environmental conservation (forests, savannah areas) and climate change adaptation that are better shared by communities (“social co-benefit”), while assisting regional economic integration to help open up the Sahel.
3
OVER
million
€
.
OVER
OVER
million
€
PEOPLE BENEFITING FROM
A BASIC DRINKING WATER
SUPPLY SERVICE
HECTARES BENEFITING FROM BIODIVERSITY CONSERVATION
AND RESTORATION PROGRAMS
DISBURSED
IN 2021
DISBURSED IN 2021
Governance
Urban development and management
Productive sector
Infrastructure and urban development
Water and sanitation
Agriculture and food security
Various social facilities and services
Energy
Outside CICID
Education
Health
Other
Transport
4%
8%
10%
3%
4%
5%
7%
8%
8%
15%
23%
2%
3%
To tackle the Covid-19 pandemic, the EU has launched the “Team Europe” approach to combine its resources and the resources of its Member States and financial institutions, such as the European Investment Bank (EIB) and KfW, the German development bank.
To tackle the Covid-19 pandemic, the EU has launched the “Team Europe” approach to combine its resources and the resources of its Member States and financial institutions, such as the European Investment Bank (EIB) and KfW, the German development bank.
it's clean!
West Africa is experiencing an energy crisis, which hinders its economic and social development. With co-financing from the EU and French Facility for Global Environment (FFEM), AFD has launched the SUNREF (Sustainable Use of Natural Resources and Energy Finance) program to promote green investment projects.
In Côte d’Ivoire, Ghana and Nigeria, this AFD green finance label aims to develop the renewable energy market, in partnership with banks and private sector organizations, and strengthen business competitiveness, with a focus on MSMEs in the partner countries.
West Africa is experiencing an energy crisis, which hinders its economic and social development. With co-financing from the EU and French Facility for Global Environment (FFEM), AFD has launched the Sunref (Sustainable Use of Natural Resources and Energy Finance) program to promote green investment projects.
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VISIT THE VIRTUAL EXHIBITION
HOUSEHOLDS
MORE THAN
JOBS
PEOPLE
PEOPLE
WILL BENEFIT FROM MODERN AND RELIABLE ENERGY
WILL BE CREATED
WILL HAVE IMPROVED QUALITY SERVICE
FOR ENERGY
WILL HAVE IMPROVED QUALITY SERVICE
FOR ENERGY
According to national statistics, the electricity access rate in Benin stands at 53,9 % in urban areas, against 6,6 % in rural areas. With financial support from the EU, AFD is assisting the Benin Electricity Company (SBEE) with the implementation of this project to build a solar power plant.
Objective: extend and increase the density of SBEE’s distribution network to improve the electricity access rate in 15 municipalities in Benin.
In Lomé, since July 2020, AFD’s Lomé office has been hosting KfW’s representation in Togo in its premises: a real first in the network of technical and financial partners and a great example of the close ties between the two institutions.
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We welcome the initiative of a shared office with AFD, as it shows the strong relations between our two institutions and allows us to more effectively combine our efforts for a concerted implementation of our development projects on the ground.
We welcome the initiative of a shared office with AFD, as it shows the strong relations between our two institutions and allows us to more effectively combine our efforts for a concerted implementation of our development projects on the ground.
SONJA WASSERMANN
KfW Director in Togo
We welcome the initiative of a shared office with AFD.
We welcome the initiative of a shared office with AFD.
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EF’s integration into AFD Group is an opportunity for the Group. It will enhance its operating methods and its sectoral and geographical complementarities. The integration will strengthen synergies between EF, AFD and Proparco and give EF greater visibility.
EF’s integration into AFD Group is an opportunity for the Group. It will enhance its operating methods and its sectoral and geographical complementarities. The integration will strengthen synergies between EF, AFD and Proparco and give EF greater visibility.
STEPHAN ORIVEL
Regional Coordinator for Expertise France’s operations in the Gulf of Guinea
Expertise France’s integration into AFD Group is an opportunity which will give it greater visibility.
Expertise France’s integration into AFD Group is an opportunity which will give it greater visibility.
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Launched in May 2019 with support from the European Union and European Development Fund, along with the African, Caribbean and Pacific (ACP) Group of States, the EURIZ guarantee aims to facilitate access to credit for MSMEs and help them play a key role in economic growth and job creation.
The EURIZ guarantee came about through the longstanding partnership with Société Générale Guinea, and aims to facilitate access to financing for Guinean SMEs during this crucial phase of economic recovery.
Launched in May 2019 with support from the European Union and European Development Fund, along with the African, Caribbean and Pacific (ACP) Group of States, the EURIZ guarantee aims to facilitate access to credit for MSMEs and help them play a key role in economic growth and job creation. The EURIZ guarantee came about through the longstanding partnership with Société Générale Guinea, and aims to facilitate access to financing for Guinean SMEs during this crucial phase of economic recovery.
FATOUMATA SISSOKO SY
Proparco’s Regional Director for West Africa
The EURIZ guarantee aims to facilitate access to credit for MSMEs and help them play a key role in economic growth and job creation
The EURIZ guarantee aims to facilitate access to credit for MSMEs and help them play a key role in economic growth and job creation.
AFD-KfW PARTNERSHIP:
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AFD-KfW PARTNERSHIP:
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