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African Development Bank Group (AfDB)

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    • Group Photo of Senior officials from the Islamic Development Bank and the African Development Bank who participated in the technical meeting. They include Yero Baldeh, Director of the Transition States Coordination Office at the AfDB (sixth from left) and Ahmed Berthe, leader of the IsDB delegation (8th from left)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Islamic Development Bank Forge Strategic Partnership to Address Fragility and Build Resilience in Africa

The partnership will help develop integrated approaches that address immediate needs and build long-term resilience for both institutions

The African Development Bank (www.AfDB.org) and the Islamic Development Bank (IsDB) have reinforced their strategic partnership to enhance collective efforts in addressing fragility and building resilience across Africa. This commitment follows a high-level technical exchange held from 22-23 April at the Bank headquarters in Abidjan. The two-day mission brought together…

African Development Bank Group (AfDB)

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    • Botswana: AfDB’s support to Lobatse Clay Works
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    • Workers sort newly produced bricks at Lobatse Clay Works. The company has experienced a remarkable revival, partly thanks to strategic investment from the African Development Bank
    • A forklift operator at Lobatse Clay Works loads bricks into trucks for distribution into the local market and export
    • AfDB’s Deputy Director General for Southern Africa, Moono Mupotola inspects freshly manufactured bricks at the revitalized Lobatse Clay Works facility during her recent site visit to the project
    • Sample bricks on display at the revitalized Lobatse Clay Works facility
    • The revitalized Lobatse Clay Works facility resumes full operations with ambitious plans to reclaim and surpass its previous market dominance
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Source: African Development Bank Group (AfDB) |

Rebuilding Botswana's Construction Future: African Development Bank bolsters Lobatse Clay Works revival

Recognizing Lobatse Clay Works’ potential, the African Development Bank provided a loan facility, in partnership with the Botswana Development Corporation to turn around the company’s fortunes

The kilns are firing again—and with them, the economic hopes of a community. In the quiet town of Lobatse, southern Botswana, a decades-old industrial landmark is undergoing a remarkable renaissance. Lobatse Clay Works (LCW), a brick manufacturer that was once the cornerstone of Botswana's construction industry, has been resurrected owing…

African Development Bank Group (AfDB)

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    • Cabo Verde's Digital Transformation in full expansion with African Development Bank Support (1)
    • Cabo Verde's Digital Transformation in full expansion with African Development Bank Support (2)
    • Cabo Verde's Digital Transformation in full expansion with African Development Bank Support (3)
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Source: African Development Bank Group (AfDB) |

Cabo Verde's Digital Transformation in full expansion with African Development Bank Support

The TechPark CV includes fully equipped facilities such as a Data Centre, Disaster Recovery Site, Business Center, Incubation Center, Civic Event Center, and Training and Qualification Center across its Praia and Mindelo campuses

Technology Park positioned to make Cabo Verde a global digital hub with world-class facilities  AfDB President honored with Cabo Verde's highest public service award for a decade of transformative leadership  Cabo Verde marked a significant milestone in its digital transformation journey on Monday, 5 May, with the official inauguration of…

African Development Bank Group (AfDB)

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    • Botswana: AfDB’s support to Lobatse Clay Works
    • Botswana: AfDB’s support to Delta Automotive Technologies Botswana (Pty) Ltd
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    • Delta Automotive's skilled workforce crafts precision wiring harnesses that power Volkswagen and Nissan vehicles, showcasing Botswana's growing footprint in global automotive manufacturing
    • Delta Automotive makes wiring harnesses primarily for Volkswagen and Nissan vehicles
    • A skilled technician at Delta Automotive Technologies carefully positions a freshly manufactured wire roll onto the storage rack, preparing it for the next critical phase in the wiring harness production process
    • A Delta Automotive Technologies representative demonstrates a complete wire harness set and explains its functionality
    • Delta Automotive technician perfects critical wire Harness destined for South African auto assembly lines
    • One of the female workers at Delta Automotive Technologies knitting wires together
    • Some female workers at Delta Automotive Technologies carefully knitting wires together
    • A worker at the Delta Automotive plant carefully knits wires together
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Source: African Development Bank Group (AfDB) |

Wiring Africa's industrial future: African Development Bank’s helping to spur Botswana's automotive revolution

Across sprawling factory floors, hundreds of skilled hands meticulously assemble intricate wiring harnesses - components that will eventually power Volkswagen and Nissan vehicles across Africa and beyond

The Botswanan town of Lobatse, some 70 km south of Gaborone, has been transformed into a vibrant manufacturing centre. Across sprawling factory floors, hundreds of skilled hands meticulously assemble intricate wiring harnesses - components that will eventually power Volkswagen and Nissan vehicles across Africa and beyond. In the automotive industry, wire…

African Development Bank Group (AfDB)

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    • African Development Bank President Dr Akinwumi Adesina and Inter-American Development Bank President Ilan Goldfajn sign $3.2 billion Exposure Exchange
    • African Development Bank signs $3.2 billion Exposure Exchange with Inter-American Development Bank
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Source: African Development Bank Group (AfDB) |

African Development Bank signs $3.2 billion Exposure Exchange with Inter-American Development Bank

Since 2015, the African Development Bank has used these agreements to diversify lending within its sovereign portfolio and deploy capital effectively while preserving a resilient financial base

The African Development Bank Group (www.AfDB.org) has signed a $3.2 billion Exposure Exchange Agreement with the Inter-American Development Bank (IADB), renewing a prior agreement originally executed between the two institutions in 2015. The agreement was signed in Washington DC, on the sidelines of the World Bank Group and International Monetary…

African Development Bank Group (AfDB)

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    • At the World Bank/IMF Spring Meetings, African leaders discussed implementing recommendations from an AfDB report, Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa
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Source: African Development Bank Group (AfDB) |

Ahead of Conference of the Parties (COP30), Africa champions new approach to measuring green wealth of countries and incentivizing climate action

Leaders emphasized that a proper valuation of Africa's natural resources would transform the continent's financial landscape by unlocking access to global financial flows, improving national risk profiles, and creating new capacity for investments in green economies and climate-resilient infrastructure

 Proper valuation of natural capital and the ecosystem services it provides, such as carbon sequestration, is a win-win strategy for growing economies— Urama, African Development Bank (www.AfDB.org) We need to make bold decisions and act swiftly to accelerate the measurement of Africa’s green wealth— Suda-Mafudze, African Union Commission. African leaders…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

From Aid to Investment: Africa Investment Forum Builds $225B Momentum in Making Continent Bankable

Partners Set Stage for Expanded 2025 Market Days Following Last Year's Record $29.2B in Investment Interest

Buoyed by last year’s successful Africa Investment Forum’s Market Days that generated $29.2 billion of investment interest, its nine founding partners are bracing for an even bigger and better event later this year. The 2024 Africa Investment Forum Market Days attracted more than 2,300 investors and participants from 83 countries…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Stakeholders acknowledge progress with Zimbabwe arrears clearance dialogue, call for more effort and support

Under the land tenure reform, Chissano and other speakers welcomed the ongoing compensation for former farm owners and the Farm Title Deed programme launched in December 2024

Challenges should not overshadow the good results achieved so far, says former president Chissano “Zimbabwe has made a lot of progress, against all odds. Now, we all should rally around it to conclude this process,” Adesina Former farm owners welcome compensation payment International organisations, creditors, and other stakeholders in the…

African Development Bank Group (AfDB)

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    • African Development Bank Group celebrates 60 years of transformative impact across Africa and 53 years of its operations in Botswana
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Source: African Development Bank Group (AfDB) |

Botswana Vice President Lauds African Development Bank’s 60-Year Legacy, Urges Economic Resilient Africa

VP Gaolathe extols the African Development Bank as “a beacon of Africa's own dream”

Botswana’s Vice President and Finance Minister Ndaba Nkosinathi Gaolathe has urged African leaders to build an economically viable and resilient continent amid global funding challenges, geopolitical tensions, and increased tariff regimes. Speaking at an event marking the African Development Bank Group’s 60 years of transformative impact across Africa and 53…

African Development Bank Group (AfDB)

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    • African Development Bank approves $19.85 million grant for crisis response to the most vulnerable in Sudan’s conflict areas
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Source: African Development Bank Group (AfDB) |

CORRECTION: African Development Bank approves $19.85 million grant for crisis response to the most vulnerable in Sudan’s conflict areas

The project will benefit 1.5 million Sudanese, or 265,000 households, of which a majority are led by women

The Board of Directors of the African Development Bank Group (www.AfDB.org) has recently approved a $19.85 million grant over two years to support a humanitarian and resilience operation in Sudan, with a strong focus on improving livelihoods of vulnerable populations and easing the impact of the ongoing conflict on communities and infrastructure.  …