Egypt: African Development Bank Approves Eur 15 Million Loan to Boost Biosimilars' Development and Production in Egypt

The Board of Directors of the African Development Bank (the "AfDB") has approved a EUR 15 million senior corporate loan to Minapharm Pharmaceuticals S.A.E. (Minapharm), a leading… Read more »

Lesotho: African Development Bank Group to Expand Investment in Lesotho to $331 Million

The African Development Bank Group plans to invest $331 million in key strategic sectors in Lesotho as part of its proposed Country Strategy Paper for 2025-2030 to boost economic… Read more »

Africa: African Development Bank, African Water Facility, Association of European Development Finance Institutions to Hold Investment Event for Water and Sanitation in Africa

The African Development Bank Group, African Water Facility, and the Association of European Development Finance Institutions will host a high-level event to generate investment for… Read more »

Angola: African Development Bank Vice President Visits Angola to Strengthen Investment

African Development Bank Vice-President Solomon Quaynor has concluded a two-day mission to Angola for meetings with government and private sector stakeholders and to affirm the… Read more »

Tunisia: The African Development Bank Celebrates 60 Years of Transformative Investments in Tunisia

The African Development Bank marked its 60th anniversary with an official ceremony that showcased the institution's significant investments in Tunisia since 1967. Read more »

Chad: African Development Bank Signs $45 Million Grant Agreement With Chad for Asphalting of the Kyabé-Mayo Road Section

The African Development Bank and the government of Chad have signed a grant agreement worth $44.9 million to finance the asphalting of the 49.5-kilometre Kyabé-Mayo section… Read more »

Africa: 2025 FICS Summit - African Development Bank Champions Value-Chain Approach to Bolstering Private Investment in Infrastructure

The African Development Bank joined global development finance institutions in Cape Town on Wednesday 26 February to explore effective strategies for addressing infrastructure… Read more »

Liberia: African Development Bank Group and European Union Improve Access to Electricity in Liberia

At Roberts International Airport in Monrovia, regular travellers have noted a quiet revolution: for the last several months, arriving and leaving airport buildings is suddenly a… Read more »

Benin: Benin - African Development Bank Invests Eur 80 Million to Modernize and Extend the Autonomous Port of Cotonou

The African Development Bank and the Autonomous Port of Cotonou (PAC) have signed a funding agreement of EUR 80 million to modernize facilities and extend the infrastructure of the… Read more »

South Sudan: Uganda and South Sudan - African Development Fund Approves Financing of $153.66 Million for Electricity Interconnection Project

The Board of Directors of the African Development Fund approved several loans and grants to Uganda and South Sudan to implement an electricity interconnection project between the… Read more »

Africa: 2024 Year in Review - First Visit By a U.S. Secretary of State to the African Development Bank, Waves of Investment in the African Development Fund... the Bank in Action for 60 Years

As the curtain falls on 2024, the African Development Bank marks the final celebrations of its 60th anniversary - six decades of promoting sustainable economic growth and reducing… Read more »

Africa: Africa Investment Forum 2024 Market Days Highlights Japan's Role in Africa's Agricultural and Energy Revolution

African Development Bank President Dr. Akinwumi Adesina painted a compelling picture of the potential of Africa's agricultural and energy transition during a plenary session at the… Read more »

Chad: Chad - New Eur 28 Million African Development Bank-Funded Solar Project to Boost Chad's Energy Access

The Board of Directors of the African Development Bank Group has approved funding worth EUR 28 million to build solar power plants in Gassi and Lamadji, Chad. This is part of the… Read more »

Madagascar: Madagascar - African Development Fund Approves a Grant of Over $9 Million to Strengthen Protection and Sustainable Use Systems for Natural Capital and Ecosystems

The Board of Directors of the African Development Fund - the African Development Bank Group's concessional financing window - approved a donation of $9.42 million to Madagascar to… Read more »

Mauritania: Mauritania - African Development Bank Grants $150 Million Loan to Boost Mining Sector

The Board of Directors of the African Development Bank Group has approved a $150 million senior loan to Mauritanian state-owned iron ore firm Société Nationale… Read more »

Africa: Global Partners Invest $45 Million to Boost African Vaccine Production

In significant efforts to strengthen public health and improve vaccine access in Africa, the U.S. International Development Finance Corporation, the African Development Bank, and… Read more »

West Africa: West Africa - AfDB's Sustainable Energy Fund Africa to Provide $10 Million Anchor Investment in Arm-Harith Investment Fund for Sustainable Infrastructure

The Board of Directors of the African Development Bank Group has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to… Read more »

Africa: African Development Bank to Make $30 Million Equity Investment in Africa Finance Corporation to Catalyse Climate Action

The African Development Bank's Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative "green shares"… Read more »

Africa: Africa Investment Forum 2024 - Sustainable Energy Fund for Africa Welcomes Japan As Donor - Showcases Innovative Financing Solutions for Africa's Energy Transition

The Sustainable Energy Fund for Africa (SEFA) recorded a new milestone at the Africa Investment Forum 2024, with the announcement of Japan as its newest contributor, expanding the… Read more »

Africa: Africa Investment Forum - African Development Bank and Italy's CDP to Mobilise Up to €750 Million for Africa

The African Development Bank Group and Italy's National Promotional Institution Cassa Depositi e Prestiti (CDP) have signed a new implementing agreement for cooperation through an… Read more »

Nigeria: Nigeria's Special Agro-Industrial Processing Zones (Sapz) Phase II, Boosted With a Whopping $2.2 Billion Investment Interest At the Africa Investment Forum (Aif) 2024

The African Development Bank Group facilitated $2.2 billion in capital mobilization for its transformative Special Agro-Industrial Processing Zones Nigeria Phase II project during… Read more »

Africa: Africa Investment Forum 2024 - Strengthening Public-Private Partnerships Is Key to Financing Infrastructure in Africa (Leaders)

Leaders of development finance institutions (DFIs), insurance companies and export credit agencies (ECAs) have urged greater mobilization of the private sector to finance… Read more »

Africa: Africa Investment Forum 2024 Garners $29.2 Billion in Deals, Signaling Continent's Growing Economic Potential

The Africa Investment Forum 2024 Markets Days has recorded a total of $29.2 billion in new investor interests after three days of boardroom discussions in Rabat, Morocco. Read more »

West Africa: African Development Bank Signs Agreement for $24 M Equity Investment in West African Development Bank

The African Development Bank Group has signed an agreement with the West African Development Bank (BOAD) for a $24 million equity investment that will enable the regional… Read more »

Africa: Africa Investment Forum 2024 - Africa, the Most Urbanised Continent By 2050, Needs More Investment to Prevent a Surge in Shanty Towns (Experts Warn)

Africa's urban population will triple in the next 25 years and African countries will need to invest up to 5.5 percent of their gross domestic product (GDP) in urban development if… Read more »