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World Bank Group joins African Development Bank Group and Mastercard as Co-Chair of Mobilizing Access to the Digital Economy (MADE) Alliance
August 6 2025
The World Bank Group has signed on as co-chair of the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa, joining current co-chairs the African Development Bank Group (www.AfDB.org) and Mastercard in an initiative to provide digital access to critical services for 100 million individuals and businesses across Africa by 2034.
Niger: African Development Bank Extends Loan of Over $144 Million to Enhance Energy Access and Economic Competitiveness
July 31 2025
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of $144.27 million to Niger for the first phase of a program that will reform energy sector laws and address the country's critical power shortage.
2025 Country Report on Cameroon: the African Development Bank Urges the Country to Strengthen Capital Mobilization for Sustainable Growth
July 28 2025
The African Development Bank Group (www.AfDB.org) officially launched its 2025 Country Report on Cameroon in Yaoundé on 22 July 2025. The launch ceremony featured frank and wide-ranging discussions on the country's economic challenges.
African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards
April 4 2025
Two African Development Bank Group (www.AfDB.org)-supported projects have garnered top honours at the 2025 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/4lvavcK) conference. A $500 million sustainable term loan facility in Senegal (https://apo-opa.co/4i1gUt8) was named Sovereign Syndicated Loan Deal of the Year, while Rwanda’s €200 million ESG loan (https://apo-opa.co/3RxvfTd) was awarded ESG Loan Deal of the Year. Both projects were supported by partial credit guarantees from the African Development Bank Group.
Ethiopian Airlines Group and African Development Bank sign Letter of Intent for financing of world-class Abusera International Airport
March 25 2025
The African Development Bank and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project. The $7.8 billion project aims to address increasing passenger and cargo demands, reinforce Ethiopia’s position as a leading aviation hub, and stimulate regional economic growth.
African Development Bank Partners with Interpol to Combat Financial Crime and Strengthen Anti-Corruption Efforts in Africa
February 21 2025
The African Development Bank Group has taken a significant step forward in its fight against corruption […]
African Development Bank and the Government of Libya Sign Agreement to Strengthen Public Financial Management through support of Fund for African Private Sector Assistance (FAPA)
November 28 2024
The African Development Bank (AfDB) (www.AfDB.org) and the Government of Libya are pleased to announce […]
African Development Bank and Asian Development Bank Sign $1 Billion Exchange Exposure Agreement to Increase Development Lending Capacity to African Nations
October 28 2024
The African Development Bank (www.AfDB.org) and the Asian Development Bank have signed a $1 billion […]
African Development Bank: Ninth Africa Energy Market Place (AEMP) Held in Dar es Salaam Ahead of Key Africa Heads of State
October 24 2024
Further to an April 2024 pledge by the Presidents of the African Development Bank (www.AfDB.org) […]
Nigeria: African Development Bank Approves $100 Million to Support Youth and Women-led Micro, Small and Medium Enterprises (MSME)
October 21 2024
The African Development Bank (www.AfDB.org) has approved a $100 million loan to increase access to […]
AfDB: Joint African Development Bank- Government of Japan Visit to Fund for African Private Sector Assistance (FAPA)-Funded Projects in Ghana
October 18 2024
The African Development Bank (www.AfDB.org) and the Government of Japan recently concluded a joint visit […]
Nigeria: African Development Bank and Partners Agree to Fast-track Implementation of Special Agro Industrial Processing Zones Program
October 14 2024
The African Development Bank Group (www.AfDB.org) has reached an agreement with participating Nigerian state governments […]
Hamburg Sustainability Conference Spotlights Youth Entrepreneurship in Africa, African Development Bank Group Support for Continent’s Youth-led Small and Medium Enterprises
October 14 2024
African youth entrepreneurs supported the by African Development Bank Group (www.AfDB.org) took center stage at […]
African Development Bank Group’s Sustainable Energy Fund for Africa Approves $10 Million Contribution to KawiSafi II Clean-Energy Fund
August 14 2024
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 […]
Nigeria: African Development Bank and FSDH Merchant Bank sign $20 million Trade Finance Agreement to support Small and Midsize Enterprises (SMEs) and Corporates
December 8 2023
The African Development Bank has signed a $20 million Trade Finance Facility Agreement with FSDH […]
India commits $2 million as new partner in Africa Digital Financial Inclusion Facility to boost digital financial inclusion across Africa
August 3 2023
The Indian government will contribute $2 million to the Africa Digital Financial Inclusion Facility (ADFI), […]
Benin, Côte d’Ivoire to premier African Development Bank’s African Green Bank facilities
May 15 2023
The African Development Bank is set to roll out the first green finance facilities in two […]
African Development Bank and Africa Fintech Network sign $525,000 grant to strengthen development of fintech in Africa
April 27 2023
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network (AFN) […]
Sao Tome and Principe: African Development Bank Signs $3.2 Million Loan Agreement for Upgrade of National Switch Payment System
March 31 2023
The African Development Bank Group (www.AfDB.org) and the government of Sao Tome and Principe have […]
African Development Bank Approves $147 Million in Subordinated Debt to the Mauritius Commercial Bank to Bolster Capital Base and Drive Loan Portfolio Growth
March 29 2023
The Board of the African Development Bank Group has approved $147 million in subordinated debt […]
Public Procurement in Mauritius Shows Progress, but Room Remains for Improvement - African Development Bank Assessment
February 17 2023
Mauritius has made critical strides in its public procurement system, but additional reforms are needed, […]
African Development Bank Group Strengthens its Technical Assistance to Boost Water Resources
February 13 2023
The grant, extended through the Bank’s Technical Assistance Fund for Middle-Income Countries, will support technical […]
At Second African Infrastructure Financing Summit, $160 Billion Worth of Projects on Table
February 3 2023
The 2nd Dakar Financing summit For Africa’s Infrastructure Development has opened in the Senegalese capital […]
African Development Bank provides an additional €5.01 million for the Diamniadio Digital Technology Park
December 23 2022
With this new loan, the Bank is assuming 87% of the €73.62 million total project […]
United Kingdom Steps Up Climate Adaptation Finance Support for Africa
November 9 2022
The United Kingdom has announced a significant increase in its financial support to the poorest […]
African Development Bank Satisfied With Portfolio Implementation Progress at Mid-term of Country Strategy Paper
November 4 2022
Meeting on Tuesday, 18 October 2022, the Board of Directors of the African Development Bank […]
African Development Bank, United Kingdom and London Market Insurers Enter New Risk Transfer Partnership for Climate Action
October 21 2022
The African Development Bank, the government of the UK and three globally recognized insurance companies […]
The African Development Bank's Sustainable Energy Africa Fund for Africa Provides $2.5 Million to Increase Penetration of Renewable Energy
October 14 2022
The Board of Directors of the African Development Bank (AfDB) has approved a grant of […]
African Development Bank President Akinwumi Adesina Awarded Man of the Year (Africa) in 2022 by Exclusive Men of the Year Awards
October 7 2022
African Development Bank President Dr. Akinwumi Adesina has been named 2022 Man of the Year […]
Mastercard and Ecobank Group partner to digitize agricultural value chains in Africa and empower millions of smallholder farmers through digital and financial inclusion
September 15 2022
Mastercard and Ecobank Group have partnered to connect millions of smallholder farmers in Sub-Saharan Africa […]
Janngo Capital Startup Fund, Africa's largest gender equal tech VC fund reaches the first close of its €60 million new fund
September 13 2022
Janngo Capital Startup Fund (JCSF) has announced its first close at EUR34 million (approximately US$36 […]
African Development Bank appoints new Executive Directors, including five women
September 12 2022
The African Development Bank (www.AfDB.org) has welcomed 12 new Executive Directors, including five women, for […]
African Development Bank and African Guarantee Fund Sign $110 Million Agreement with Tanzania’s CRDB Bank to Boost Access to Finance by Women’s SMEs
July 29 2022
The African Development Bank signed a $60 million financial package comprising $50 million subordinated debt to […]
African Development Bank signs $830,000 grant agreement to improve climate resilience for communities and ecosystems
May 31 2022
The African Development Bank (www.AfDB.org) has signed an $830,000 technical assistance grant agreement for Ethiopia. […]
COP15: Global GDP could gain $140 trillion a year, if we achieve the objectives of the UN Convention to Combat Desertification
May 13 2022
The global economy could increase by more than $140 trillion a year[1], or 1.5 times the annual global GDP, if the objectives of the United Nations Convention to Combat Desertification (UNCCD) are achieved, participants […]
African Development Bank earmarks €10 million equity investment to drive technologies in the wake of Covid-19
April 19 2022
The Board of Directors of the African Development Bank (www.AfDB.org) has approved an equity investment […]
Africa Investment Forum Virtual boardrooms attract $32.8 billion in investment interest
March 19 2022
The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects. […]
African Development Bank Group approves $127 million package to open up eastern agricultural areas
March 18 2022
On Wednesday in Abidjan, the African Development Bank Group approved funding of $127.8 million to Niger. The […]
AfricaGoGreen Fund receives over $30 million investments from the African Development Bank, the Sustainable Energy Fund for Africa, and the Nordic Development Fund
March 14 2022
The African Development Bank and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved […]
UN Environment Assembly: Circular economy gains traction as Morocco plans to join regional Alliance
March 7 2022
The African Development Bank (www.AfDB.org) joined public and private sector actors in Nairobi this week […]
African Development Fund signs $14.2m grant agreement for financial digitalization initiative
February 11 2022
The African Development Fund (ADF) and the government of Malawi have signed a grant agreement […]
African Development Bank President promoting continent’s recovery at 35th Ordinary Session of the African Union Assembly
February 4 2022
African Development Bank Group president, Dr. Akinwumi A. Adesina, is leading his institution’s delegation to […]
African Development Bank’s SEFA to provide $1 million in support of Botswana’s energy transition
January 6 2022
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $1 […]
African Development Bank’s Board of Directors approves the institution’s borrowing program for 2022
December 16 2021
The 2022 borrowing program of the African Development Bank has been approved by the Board […]
African Development Bank Ups Financial Contribution for Local Content and Job Creation in Mozambique to $2.5 Million
November 19 2021
The African Development Bank Group (www.AfDB.org) has approved a grant of $1.5 million to Mozambique […]
African Development Bank Group, MTN sign $500,000 grant agreement to study women’s access to financial services
October 21 2021
The African Development Bank (AfDB.org) has signed a grant agreement for $500,000 with Y’ello Digital […]
African Development Fund approves $116 million loan to upgrade southern road corridor
September 24 2021
The Board of Directors of the African Development Fund on Wednesday approved a loan of […]
Global Forum Secretariat, African Development Bank and World Bank Group deliver new manual on Exchange of Information for tax purposes
September 20 2021
The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), the […]
Kenya Is Set To Host The 2nd Annual Africa Digital Finance Summit In February 2022
September 15 2021
Kenya is set to host the 2nd annual Africa Digital Finance Summit (ADFS) on 22nd […]
The African Development Bank Group Announces the Appointment of Mr. Solomon Mugera as Director
September 9 2021
Mr. Mugera, a Kenyan national, brings extensive experience to this role. He is a seasoned […]
African Development Bank Partners with Alliance for a Green Revolution in Africa
September 7 2021
The African Development Bank returns as a top-tier partner of the African Green Revolution Forum […]
African Development Bank’s AAA Rating With a Stable Outlook, Reaffirmed by Japan Credit Rating Agency
September 3 2021
Japan Credit Rating Agency (JCR) has affirmed the African Development Bank’s (www.AfDB.org) long-term rating at […]
African Development Bank along with Partners to Mobilize $520M for Phase 1, Nigeria Special Agro-industrial Processing Zones Programme
September 2 2021
Nigeria’s Federal and State governments have expressed overwhelming support for an initiative to create Special […]
African Development Fund Extends $4.25m Loan to Modernize Tax Collection
July 21 2021
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan […]
African Development Bank Group Signs $140M Loan in Tanzania to Increase Power Generation
May 28 2021
The African Development Bank Group and the Government of Tanzania have signed loan agreements totaling […]
World Bank Group joins African Development Bank Group and Mastercard as Co-Chair of Mobilizing Access to the Digital Economy (MADE) Alliance
August 6 2025
The World Bank Group has signed on as co-chair of the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa, joining current co-chairs the African Development Bank Group (www.AfDB.org) and Mastercard in an initiative to provide digital access to critical services for 100 million individuals and businesses across Africa by 2034.
Ethiopian Airlines Group and African Development Bank sign Letter of Intent for financing of world-class Abusera International Airport
March 25 2025
The African Development Bank and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project. The $7.8 billion project aims to address increasing passenger and cargo demands, reinforce Ethiopia’s position as a leading aviation hub, and stimulate regional economic growth.
African Development Bank Partners with Interpol to Combat Financial Crime and Strengthen Anti-Corruption Efforts in Africa
February 21 2025
The African Development Bank Group has taken a significant step forward in its fight against corruption […]
Hamburg Sustainability Conference Spotlights Youth Entrepreneurship in Africa, African Development Bank Group Support for Continent’s Youth-led Small and Medium Enterprises
October 14 2024
African youth entrepreneurs supported the by African Development Bank Group (www.AfDB.org) took center stage at […]
Nigeria: African Development Bank and FSDH Merchant Bank sign $20 million Trade Finance Agreement to support Small and Midsize Enterprises (SMEs) and Corporates
December 8 2023
The African Development Bank has signed a $20 million Trade Finance Facility Agreement with FSDH […]
India commits $2 million as new partner in Africa Digital Financial Inclusion Facility to boost digital financial inclusion across Africa
August 3 2023
The Indian government will contribute $2 million to the Africa Digital Financial Inclusion Facility (ADFI), […]
African Development Bank and Africa Fintech Network sign $525,000 grant to strengthen development of fintech in Africa
April 27 2023
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network (AFN) […]
African Development Bank Approves $147 Million in Subordinated Debt to the Mauritius Commercial Bank to Bolster Capital Base and Drive Loan Portfolio Growth
March 29 2023
The Board of the African Development Bank Group has approved $147 million in subordinated debt […]
Public Procurement in Mauritius Shows Progress, but Room Remains for Improvement - African Development Bank Assessment
February 17 2023
Mauritius has made critical strides in its public procurement system, but additional reforms are needed, […]
African Development Bank Group Strengthens its Technical Assistance to Boost Water Resources
February 13 2023
The grant, extended through the Bank’s Technical Assistance Fund for Middle-Income Countries, will support technical […]
At Second African Infrastructure Financing Summit, $160 Billion Worth of Projects on Table
February 3 2023
The 2nd Dakar Financing summit For Africa’s Infrastructure Development has opened in the Senegalese capital […]
United Kingdom Steps Up Climate Adaptation Finance Support for Africa
November 9 2022
The United Kingdom has announced a significant increase in its financial support to the poorest […]
African Development Bank Satisfied With Portfolio Implementation Progress at Mid-term of Country Strategy Paper
November 4 2022
Meeting on Tuesday, 18 October 2022, the Board of Directors of the African Development Bank […]
African Development Bank President Akinwumi Adesina Awarded Man of the Year (Africa) in 2022 by Exclusive Men of the Year Awards
October 7 2022
African Development Bank President Dr. Akinwumi Adesina has been named 2022 Man of the Year […]
Mastercard and Ecobank Group partner to digitize agricultural value chains in Africa and empower millions of smallholder farmers through digital and financial inclusion
September 15 2022
Mastercard and Ecobank Group have partnered to connect millions of smallholder farmers in Sub-Saharan Africa […]
African Development Bank appoints new Executive Directors, including five women
September 12 2022
The African Development Bank (www.AfDB.org) has welcomed 12 new Executive Directors, including five women, for […]
African Development Bank earmarks €10 million equity investment to drive technologies in the wake of Covid-19
April 19 2022
The Board of Directors of the African Development Bank (www.AfDB.org) has approved an equity investment […]
African Development Bank President promoting continent’s recovery at 35th Ordinary Session of the African Union Assembly
February 4 2022
African Development Bank Group president, Dr. Akinwumi A. Adesina, is leading his institution’s delegation to […]
African Development Bank’s SEFA to provide $1 million in support of Botswana’s energy transition
January 6 2022
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $1 […]
African Development Bank’s Board of Directors approves the institution’s borrowing program for 2022
December 16 2021
The 2022 borrowing program of the African Development Bank has been approved by the Board […]
African Development Bank Ups Financial Contribution for Local Content and Job Creation in Mozambique to $2.5 Million
November 19 2021
The African Development Bank Group (www.AfDB.org) has approved a grant of $1.5 million to Mozambique […]
African Development Bank Group, MTN sign $500,000 grant agreement to study women’s access to financial services
October 21 2021
The African Development Bank (AfDB.org) has signed a grant agreement for $500,000 with Y’ello Digital […]
African Development Fund approves $116 million loan to upgrade southern road corridor
September 24 2021
The Board of Directors of the African Development Fund on Wednesday approved a loan of […]
Global Forum Secretariat, African Development Bank and World Bank Group deliver new manual on Exchange of Information for tax purposes
September 20 2021
The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), the […]
Kenya Is Set To Host The 2nd Annual Africa Digital Finance Summit In February 2022
September 15 2021
Kenya is set to host the 2nd annual Africa Digital Finance Summit (ADFS) on 22nd […]
The African Development Bank Group Announces the Appointment of Mr. Solomon Mugera as Director
September 9 2021
Mr. Mugera, a Kenyan national, brings extensive experience to this role. He is a seasoned […]
African Development Bank Partners with Alliance for a Green Revolution in Africa
September 7 2021
The African Development Bank returns as a top-tier partner of the African Green Revolution Forum […]
African Development Bank’s AAA Rating With a Stable Outlook, Reaffirmed by Japan Credit Rating Agency
September 3 2021
Japan Credit Rating Agency (JCR) has affirmed the African Development Bank’s (www.AfDB.org) long-term rating at […]
African Development Fund Extends $4.25m Loan to Modernize Tax Collection
July 21 2021
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan […]
