AFD in South Africa

Willing to support local and regional development, the Johannesburg  agency now funds more than thirty projects and has increased its activity by four between 2004 and 2008 to meet the financing needs of projects for  the region's development. Photo © Coda

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AFD to increase its financial support in South Africa

2016, a record year for AFD

11/05/2017

With a record year in 2016 marked by EUR 9.4bn of commitments, AFD is taking action in new fields, particularly in continental Africa

Rémy Rioux, Chief Executive Officer of AFD, presented today AFD’s results for 2016, from the perspective of its strategy for 2020.

At the request of the French President in 2015, AFD has significantly increased the volume of its financing, in line with the international community’s objectives (SDGs, Paris Climate Agreement), formed its strategic alliance with Caisse des Dépôts et Consignations, and extended its scope of operations. 
 

 

 

Rémy Rioux, its Chief Executive Officer, explains AFD’s strategy: “2016, the year of its 75th anniversary, was marked by the increase in AFD’s commitments, its strategic alliance with Caisse des Dépôts et Consignations, and the strengthening of its partnerships with civil society, territorial authorities, the private sector, bilateral and multilateral development banks, European institutions and the major foundations. With EUR 9.4bn of commitments, AFD has set out on an ambitious growth path to support the major transitions in developing countries and the French overseas territories. With its new strategy, AFD will be playing a leading role in supporting the emergence of a common world.”

In 2015, the French President set for AFD the objective of increasing its activity by +60% by 2020 to some EUR 13bn of annual commitments. It set out on this growth path in 2016.

EUR 9.4bn of projects were financed by AFD: i.e. +13% in 1 year.

Africa, all Africa, is AFD’s priority, with some EUR 4bn of commitments in 2016, a +25% increase.

  • Between 2010 and 2016, EUR 22bn were committed in Africa.
  • In January 2017, at the Bamako Summit, the French President made an even more ambitious commitment for AFD: EUR 23bn will be committed for Africa over the next five years.
  • AFD has supported renewable energy development by committing EUR 600m in Africa in 2016. It plans to devote EUR 3bn to the sector by 2020.

AFD is operating in new countries and new sectors: 

  • Argentina, Cuba, the Balkans: AFD will be extending its geographical area of operations towherever the support of a committed and solidarity-focused development bank is useful.
  •  AFD’s new strategy opens up areas of action for the future, in sectors in which AFD did not previously operate or had limited activity: governance, cultural industries, higher education, innovation and digital technology, social business, the external action of local authorities, education in development and international solidarity.

AFD and CDC: A strategic alliance active in the field

The strategic alliance between the two institutions, signed on 6 December 2016, is being operationalized in the field. At international level, it is leading to common tools, such as the EUR 600m infrastructure investment fund, whose creation was recently announced by the two Chief Executive Officers in Burkina Faso. In France, it is bringing about a closer partnership with regional and local authorities and all development actors in territories.

 


AFD’s action in 2016

Action on the five continents:

  • 50% of AFD’s financial commitments in foreign countries (some EUR 4bn in 2016, i.e. +25% in one year) are devoted to Africa, all Africa, a priority for AFD’s action, where 84% of the budget resources allocated by the State are focused. In its new strategy, AFD considers Africa as a whole: from Morocco to South Africa, from Senegal to Djibouti, with its regional dynamics, without separating the North of the Sahara from the South.
  • 20% in Asia and the Pacific to finance low-carbon projects (EUR 1.3bn in 2016).
  • 20% in Latin America and the Caribbean, with a focus on sustainable urban development (EUR 1.1bn in 2016).
  • 10% in the Middle East to finance inclusive and resilient growth (EUR 741m in 2016).
  • In 2016, AFD also earmarked EUR 1.6bn of financing for the French overseas authorities.

The markers of AFD’s action: 6 x 50%
AFD, France’s development bank, which is solidarity-focused and committed to working for populations in the South and the French overseas territories, bases its action on 6 strong markers:

  • 50% of its commitments abroad are in Africa
  • 50% of its activity concerns French-speaking countries and territories
  • 50% of its projects have positive impacts on the climate
  • 50% of its projects contribute to reducing gender inequalities
  • 50% of its beneficiaries are non-State actors (State-owned or private companies in Southern countries, local authorities, public institutions, NGOs, banks) 
  • 50% of its projects are cofinanced with other donors

AFD finances sustainable growth paths that contribute to the five major transitions which both developing and developed countries are undergoing: demographic and social transitions, territorial and ecological transition, energy transition, digital and technological transition, political and citizen-based transition.

Solutions which bring about positive impacts for populations

In 2016, AFD financed 657 development projects, which have, for example:

  • improved urban transport in New Caledonia;
  • managed tensions between host and refugee populations in Lebanon and Jordan;
  • built Burkina Faso’s energy autonomy;

Projects with measurable concrete impacts every year. Over the past 5 years, on average: 

  • 730,000 family farms supported;
  • 665 MW of renewable energies installed;
  • improved access to water and sanitation for 1.2 million people;
  • 54,000 SMEs supported;
  • 832,000 children sent to school.

 ► Find out more about the results for 2016



The Agence Française de Développement and Bpifrance have together launched a digital innovation competition open to African and French start-ups working for development in Africa

11/10/2016

For the first time, the Agence Française de Développement, which for almost 75 years has been funding development projects in Africa, and Bpifrance, have joined forces to launch the "Digital Africa Start-up Challenge", an innovation competition to promote the development of digital start-ups in Africa. African and French start-ups have until 15 November 2016 to submit their applications in the fintech, health, environment-energy and agricultural sectors.

Applications may be submitted until 15 November 2016 via the Platform :  http://digitalafrica.afd.fr  
#DigitalAfrica

   

What motivated this challenge?

Africa is more and more connected, particularly due to the rapid adoption of mobile telephony, and has become a continent of digital innovation. The development of mobile payments and the increasing adoption of smart phones and broadband Internet are among the many factors that now enable digital entrepreneurs to propose new products and services in all economic sectors. The dynamism of digital ecosystems has led to an increase in the number of technological hubs, co-working units, laboratories and incubators, of which there are now more than 300 on the continent.

Given this context, the AFD and Bpifrance wanted to pool their experience in the financing of digital innovation and development. The "Startup Challenge Digital Africa" should encourage and support new players in the digital economy, accelerate the sharing of know-how and facilitate the emergence of new solutions for development.
 

Four sectors have been chosen for their dynamism and potential impact for development of the continent:

  • fintech
  • health
  • environment/energy
  • agriculture

What are the rewards for the winners?

A jury will choose two start-up winners, one African and one French, in each of the four sectors (i.e. eight start-ups).
Another two start-ups, one African and one French will be selected by online voters.
In all, 10 start-ups will thus be rewarded.
They will be invited to come and present their project and meet partners during the 27th Africa-France Summit, to be held at Bamako on 13 and 14 January 2017.

How to apply?

African and French entrepreneurs should submit the key elements of their entrepreneurial project online at http://digitalafrica.afd.fr before 15 November 2016, and must indicate in which of the four categories they wish to compete, namely fintech, health, environment/energy or agriculture.


A qualified jury and two renowned sponsors

The jury will be made up of qualified African and French personalities and representatives of the AFD and Bpifrance. The Digital Africa Start-up Challenge is sponsored by two influential entrepreneurs in the world of technology and innovation: 14 January 2017.

Karim Sy 
An entrepreneur based in Dakar
Founder of the Jokkolabs network (the 1st African collaborative working space)

Gilles Babinet 
A French entrepreneur, Founder of Africa4Tech
First chairman of the French Digital Council France’s “Digital Champion” and one of the European Commission’s Digital Ambassadors

The AFD and Bpifrance


Rémy Rioux, Director General of the AFD claims: "Digital technology may be an incredible accelerator of sustainable development in Africa, on condition that each entrepreneur is able to benefit from the innovation springboard. The Agence Française de Développement wants to accompany this wave of transition, which offers new trajectories for growth, by supporting southern entrepreneurs whose projects are promising for the continent and by promoting interactions between northern and southern entrepreneurs. This is why the AFD and Bpifrance decided to work together to launch this competition."

Nicolas Dufourcq, Director General of Bpifrance, declares: "The technological leaps occurring in Africa and the emergence of a young middle-class have created exceptional development opportunities for African and French companies. We are proud to participate in this competition, which is in line with our actions for promoting the internationalisation of companies and cooperation with the African continent."

About Bpifrance


Bpifrance , a subsidiary of the Caisse des Dépôts and the French state, a trusted partner of French entrepreneurs, supports companies from start-up to flotation on the stock exchange by granting loans, acting as guarantor and by investing. Bpifrance also provides support services that reinforce innovation, external growth and exports, in partnership with Business France and Coface.

Bpifrance offers companies a complete range of financing for every key stage of their development, and offers that are adapted to regional specificities. With 47 regional branches (90% of decisions are taken in the regions), Bpifrance is an economic competitiveness tool at the service of entrepreneurs.

Bpifrance acts to implement French government policy and Regional policies in order to achieve three objectives:

  • reinforce the growth of companies ; 
  • prepare their competitiveness for the future ;
  • contribute to the development of an ecosystem that favours entrepreneurship.

In Bpifrance, companies have a powerful and effective partner, who follows their development closely in order to meet all of their needs for financing, innovation and investment.

Follow us on Twitter: @bpifrance



Partnership signed between The African Centre for Cities (ACC), the City of Cape Town (CoT) and the French Development Agency (AFD)

23/06/2016

The African Centre for Cities (ACC), the City of Cape Town (CoT) and the French Development Agency (AFD) signed a partnership agreement with the objective of conducting research to better understand the challenges and opportunities for socio-spatial integration in Cape Town

 

The African Centre for Cities (ACC), the City of Cape Town (CoT) and the French Development Agency (AFD) signed a partnership agreement with the objective of conducting research to better understand the challenges and opportunities for socio-spatial integration in Cape Town.
The City of Cape Town has put together a Strategy and Investment Plan for the Voortrekker Road Corridor (VCR). This document argues that the objective of the VRC programme is to use public sector resources to leverage private sector investment for the growth and renewal of the VRC. This research project will seek to conduct research on the potential of this corridor to achieve the hitherto elusive socio-spatial integration.
The research will be useful for better understanding the challenges of operationalizing strategic goals such as socio-economic integration, high-density development, mixed-use and mixed-incomes development, within middle-income and emergent countries. This research will be supported by exchanges with French researchers.


 
 
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