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 »

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 »

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 »

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 »

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 »

Africa: 2024 African Economic Conference - Africa Must Act Now to Secure Its Economic Future

The 2024 African Economic Conference concluded with a resounding call for swift and decisive action to address the continent's pressing economic challenges amid global… Read more »

Egypt: Egypt - African Development Bank Approves $170 Million for Egypt's Largest Wind Energy Project

The Board of Directors of the African Development Bank has approved a loan of up to $170 million to support the development of the game-changing 1.1 GW Suez Wind Project, currently… Read more »

Africa: Africa Investment Forum 2024 - Leveraging Innovative Partnerships for Scale

Thousands of global investors, African business leaders, and government representatives are this week converging in Rabat, Morocco, for the 2024 Africa Investment Forum Market… Read more »

Africa: Empowering Women to Lead - The Inaugural Women's Journey Leadership Development Program

This week marked a historic milestone for the African Development Bank as it celebrated the conclusion of the inaugural Women's Journey Leadership Development Program, held at the… Read more »

Central African Republic: Central African Republic Celebrates African Development Bank's 60th Anniversary

Just like other countries across the continent, the Central African Republic celebrated the 60th anniversary of the African Development Bank in Bangui on 21-22 November. The Bank's… Read more »

Central Africa: The Bridge Over the Logone River - A Great Leap Forward for Millions of People in Central Africa

Like thousands of people living along the Logone River, Pierre Fissou, a teaching adviser in the Mayo Danay departmental delegation for basic education in the town of Yagoua… Read more »

Rwanda: A Day of Pride and Progress - Celebrating 60 Years of Partnership With Rwanda

Development partners rejoiced over Rwanda's achievements from recovery to resilience during the African Development Bank Group's 60th anniversary Rwanda country celebration, held… Read more »

Africa: ADF-16 Report 2023 - The African Development Fund Evaluates the Transformative Effect of Its Interventions in Africa

The African Development Fund has published its 2023 report entitled: "ADF-16 Delivery and Results Report: Delivering greater impact through transformative investments", in which it… Read more »