December 11
Tanzania: African Development Bank Leads $1.2 Billion Financing Syndication for Tanzania's Standard Gauge Railway Project
The African Development Bank has signed a coordination letter with Deutsche Bank and Société Générale to establish a syndication strategy to mobilize up… Read more »
Madagascar: Madagascar - African Development Bank Group Grants a $165 Million Loan to Develop Roads in Southern Madagascar and Facilitate Trade
The Board of Directors of the African Development Bank Group has approved a $165 million loan to Madagascar to develop critical trade corridors and improve regional connectivity.… Read more »
December 10
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 »
Nigeria: African Development Bank's Afawa Initiative Teams With African Guarantee Fund, Bank of Industry for $50 Million Financing Agreement Targeting Nigerian Small and Medium Enterprises
The African Development Bank Group's Affirmative Finance Action for Women in Africa (AFAWA) program is lending its support to a new $50 million financing agreement to provide… Read more »
December 09
Liberia: African Development Fund Approves $18.3 Million to Strengthen Revenue Mobilization and Governance in Liberia
The Board of Directors of the African Development Fund (ADF), the concessional lending arm of the African Development Bank Group, has approved an $18.3 million financing package to… Read more »
Eswatini: Eswatini - African Development Bank Approves a Loan of Over $140 Million to Open Up Two Major Regions With Road Infrastructure Project
The Board of Directors of the African Development Bank Group has approved a loan of $140.6 million to Eswatini for the first stage of a programme to improve road links and mobility… Read more »
Senegal: African Development Bank Places 12-Month Debarment On Compagnie Sénégalaise De Travaux Publics for Fraud
The African Development Bank Group has concluded a negotiated settlement agreement with Compagnie Sénégalaise de Travaux Publics, ending sanctions proceedings for… Read more »
December 07
Congo-Kinshasa: DRC - African Development Bank to Lead Financing for Transformative Moyi Power Project
The African Development Bank has been named mandated lead arranger for the Moyi Power Metro-Grids project, a $340 million private sector-led electrification program in the… Read more »
December 06
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: African Development Bank Accelerates Private Sector Support With Initial Disbursement of USD 1 Billion Loan to Transnet
The African Development Bank has released the first tranche of its $1 billion loan to Transnet, the South African state-owned conglomerate managing the country's ports, railways… Read more »
Africa: African Development Bank and TDB Group Strengthen Trade Finance Partnership Through a Trade Finance Unfunded Risk Participation Agreement
The African Development Bank Group and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed an agreement for a $150 million Trade Finance Unfunded… Read more »
Africa: Africa Investment Forum Market Days 2024 - AfDB, Dbsa and Institutional Investors Sign Agreement for New African Multi-Originator Synthetic Securitization Platform
The African Development Bank Group, together with the Development Bank of Southern Africa (DBSA) and key institutional investors Academy Securities, Africa50, and Newmarket, today… Read more »
Africa: Africa Investment Forum 2024 Market Days - Seedstars Africa Ventures I Announces $42m First Close
Seedstars Africa Ventures I, a venture capital fund making early-stage investments in highly scalable start-ups in Africa, has achieved a first close of $42 million, with… Read more »
December 05
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 »
Africa: Critical Minerals - Africa Seeks Transformation From Raw Export of Critical Minerals to Battery Manufacturing
African and Asian investors, entrepreneurs and industrialists came together for a panel discussion on how to take best advantage of the surge in demand for Africa's critical… Read more »
Africa: Africa Investment Forum 2024 - African Development Bank and Bank of Africa SA Sign Eur 50 Million Risk-Sharing Agreement to Support Development of SMEs and Boost African Trade
The African Development Bank and Bank of Africa SA have signed a risk-sharing agreement of EUR 50 million to strengthen private-sector financing and promote African trade. The… Read more »
Africa: SACE and African Development Bank Group to Work Together Under the 'Mattei Plan'
SACE, the Italian insurance-financial group specializing in supporting businesses and the national economic system under the Ministry of Economy and Finance, and the African… Read more »
December 04
Africa: Africa Investment Forum 2024 - Turning Continent's Potential Into Bankable Opportunities
The Africa Investment Forum kicked off its 2024 Market Days in Rabat, Morocco, with leaders highlighting the continent's bankability and readiness for investment. Read more »
Africa: Africa Investment Forum Market Days 2024 - Global Risk Leaders Gather to Unlock Africa's Investment Potential
The African Development Bank Group hosted a high-profile meeting of global insurers, export credit agencies (ECAs), and institutional investors to explore innovative risk-sharing… Read more »
Rwanda: Rwanda - African Development Bank Approves $100 Million Loan to Enhance Urban Transport in Kigali
The Board of Directors of the African Development Bank Group has approved a loan of $100 million to Rwanda to implement a major project to improve transport in and around the… Read more »
Africa: European Bank for Reconstruction and Development and African Development Bank Group to Strengthen Collaboration in Support of SMEs in Africa
The European Bank for Reconstruction and Development (EBRD) and the African Development Bank Group are strengthening their strategic partnership to support small and medium-sized… Read more »
Senegal: Senegal - African Development Bank Releases Over €55 Million to Boost Agricultural Production, Employment and Incomes in Nine Regions of the Country
The Board of Directors of the African Development Bank Group has approved a loan of €55.33 million to Senegal for the second phase of a life transforming water project in the… Read more »
