June 14
Africa: G-7 Leaders Reaffirm Support for Billion-Dollar Infrastructure Programme for Africa - Pledges More Support to African Development Bank-Backed Initiatives
G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent's economic… Read more »
June 10
Africa: Switzerland, in Partnership With the African Development Bank Group, Aims to Expand Opportunities for the Swiss Private Sector in Africa
The Swiss private sector would like to play a more substantial role in the African Development Bank's operations in Africa. This desire was expressed during meeting between Bank… Read more »
May 10
Africa: African Development Bank and Stockholm International Peace Research Institute Partner to Advance Evidence-Based Conflict Prevention and Resilience Building in Africa
On the sidelines of the 2024 Stockholm Forum on Peace and Development, the African Development Bank and the Stockholm International Peace Research Institute (SIPRI) have signed a… Read more »
Africa: Paris Summit Aims to Secure Commitments Toward $4b Needed to Close Clean Cooking Funding Gap for African Women
Development partners gathering in Paris on 14 May are expected to pledge towards the $4 billion needed to provide clean cooking access for 250 million African women by 2030. Read more »
April 05
Central African Republic: Young People in the Central African Republic Can Now Enter the Digital Professions Thanks to Fibre-Optic Capacities Installed With AfDB and EU Support
The two-storey building in downtown Bangui, the capital of the Central African Republic (CAR), has a futuristic air. First impressions don't deceive: inside, a fully equipped… Read more »
February 02
Africa: Italy to Collaborate With the African Development Bank Group As It Unveils Its $5.95 Billion Strategic Plan for Africa
Italian Prime Minister Georgia Meloni and the President of the African Development Bank Group Dr Akinwumi Adesina have agreed to work together to strengthen the alliance between… Read more »
January 31
Africa: Italy Announces $6 Billion Plan to Strengthen Partnership With Africa at Italy-Africa Summit
The government of Italy unveiled a near US$6 billion plan to support African development at a one-day Italy-Africa plan in Rome on Monday. African Development Bank Group President… Read more »
January 28
Africa: Global Gateway - European Commission and African Development Bank Group Unlock New Funding for African Infrastructure Projects
On the sidelines of this week's Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group have formalised a new Financial Framework Partnership… Read more »
January 19
Kenya: African Development Bank and UK Announce Kenya As the Next Beneficiary of Unlocked Climate Finance From the Landmark Room to Run Sovereign Program
The African Development Bank and the United Kingdom have announced the selection of the Transmission Network Improvement Project in Kenya as a beneficiary project under the Room to… Read more »
December 05, 2023
Africa: COP28 - Italy Announces €5 Million Contribution to Sustainable Energy Fund for Africa
Italy has made a new commitment of €5 million to Africa's sustainable energy future through the Sustainable Energy Fund for Africa (SEFA) Special Fund. The Italian Deputy… Read more »
October 12, 2023
Africa: African Development Bank Group Chief Economist Kevin Chika Urama Urges Nordic and Irish Entrepreneurs in to Make Africa Their Business and Investment Destination.
L-R: Prof. Kevin Urama, Chief Economist/Vice President for Economic Governance & Knowledge Management, African Development Bank Group, Ms. Ellen Cathrine Rasmussen, Executive… Read more »
September 11, 2023
Africa: AfDB's Sustainable Energy Fund for Africa Welcomes $50 Million in New Commitments From Germany and USA At Africa Climate Summit
The African Development Bank's Sustainable Energy Fund for Africa (SEFA) welcomes approximately $50 million in new funding contributions from Germany and the United States. The… Read more »
July 18, 2023
Benin: Benin - African Development Bank Group Extends Ꞓ80 Million Loan for Port of Cotonou Upgrading
Support from the African Development Bank for the Port of Cotonou will enable the construction of a new container terminal called "T5", among other things. (© PROSPER… Read more »
July 07, 2023
Africa: Portugal Affirms Partnership With African Development Bank and Lusophone Compact
Portuguese Foreign Affairs Minister João Gomes Cravinho (7th from left) with AfDB Senior Vice President Swazi Tshabalala( to his immediate right) and their teams. African… Read more »
June 30, 2023
Africa: Italy Contributes Eur 5.5 Million to African Development Bank Group's Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, to Foster Job Opportunities, Economic Growth
Carolyne Mwangi, CEO of Kimplanter Seedlings and Nurseries in Kenya, received a $100,000 grant and business growth training though the YouthADAPT Challenge, a program co-financed… Read more »
June 20, 2023
Africa: Evolution of Debt Landscape over the past 10 Years in Africa - Keynote Speech by Dr. Akinwumi A. Adesina President, African Development Bank Group Delivered at the Paris Club
Your Excellencies, ladies, and gentlemen. Read more »
June 23, 2023
Africa: African Development Bank Receives Five Awards From Emea Finance for Its Achievements in Debt Capital Markets
The African Development Bank has received five awards in the 2022 Achievement Awards organized by EMEA Finance. The awards were announced on Thursday 8 June 2023 in London. Read more »
May 26, 2023
Senegal: United Kingdom Announces First Water Infrastructure Resilience Projects in Egypt and Senegal Under Its Room2run Guarantee Program
Andrew Mitchell, UK Minister of State for Development and Africa (left); Rania Al-Mashat, Egypt's Minister of International Cooperation; Oulimata Sarr, Senegal's Minister of… Read more »
April 15, 2023
Africa: African Development Bank, European Union, and France Invest $300 Million in Tanzania's Hydropower Project
Kakono Hydropower Project to serve four million inhabitants and spur economic activity in the Kagera Region of Tanzania Read more »
March 29, 2023
Africa: Africa's 2030 Universal Electricity Access Goal - 'Clock Running Out,' Says Adesina in Berlin
African Development Bank Group President Dr Akinwumi Adesina has told a high-level international conference in Berlin that urgent action is needed to reduce the world's dependence… Read more »
March 09, 2023
Africa: The African Development Bank Issues Inaugural Green Bond in the Norwegian Krone Market
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody's/S&P/Fitch/Japan Credit Rating, all stable), has issued a 1 billion Norwegian krone (NOK) 5-year Green Bond due… Read more »
Africa: The African Development Bank Issues Inaugural Green Bond in Norwegian Krona Market
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody's/S&P/Fitch/Japan Credit Rating, all stable), has issued a 1 billion Norwegian krona (NOK) 5-year Green Bond due… Read more »
February 08, 2023
Africa: Ireland and Austria Join Africa Climate Change Fund As Donors With an Initial €3 Million Contribution
Ireland and Austria have joined the African Development Bank's Africa Climate Change Fund (ACCF) with contributions of €2 million and €1 million, respectively, to support… Read more »
January 25, 2023
Africa: African Development Bank Group Team Meet Swiss Envoys From West Africa to Discuss Africa's Development Agenda
Meeting between AfDB delegation and Swiss ambassadors in the West Africa region, Friday 23 January 2023, Abidjan, Cote d'Ivoire Read more »
January 17, 2023
Africa: Africa Fertilizer Financing Mechanism welcomes $10.15 million from the Norwegian Agency for Development Cooperation to boost fertilizer supply to 850,000 African smallholder farmers
The Africa Fertilizer Financing Mechanism (AFFM) has welcomed $10.15 million in new funding from the Norwegian Agency for Development Cooperation (NORAD). The financing will… Read more »