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African Development Bank Group (AfDB)

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    • The African Development Bank Group is providing USD 500 million in budget support to the Federal Republic of Nigeria to help improve the country's non-oil revenues and to expand fiscal space
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank Group loans $500 million to support economic governance and energy transition

Benefits will also accrue to private businesses in the form of improved investment climate and opportunities in the energy sector at the level of individual states of the Federation, and from the creation of an environment more conducive to public-private partnerships

The Board of Directors of the African Development Bank Group (www.AfDB.org), meeting in Abidjan, approved a $500 million loan to the Government of the Federal Republic of Nigeria to finance the second phase of the Economic Governance and Energy Transition Support Programme. The policy-based operation is for fiscal years 2024…

African Development Bank Group (AfDB)

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    • The African Development Fund is providing significant support to Benin to increase the private sector's contribution to the country's economy
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Source: African Development Bank Group (AfDB) |

Benin: the African Development Fund grants an additional $28 million in financing to boost the private sector’s contribution to the country's economy

The objective of this financial support is to increase the contribution made by Benin's private sector to the economy

The Board of Directors of the African Development Fund approved additional financing of $28 million for Benin to continue the Economic Governance and Private Sector Development Support Programme (PAGE-DSP) on 24 November 2025. Following phases I and II, which were successfully implemented in 2023 and 2024, respectively, the objective of…

African Development Bank Group (AfDB)

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    • The additional financing from the African Development Fund will enable Liberia to complete construction of the run-of-river hydropower plant and related infrastructure
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Source: African Development Bank Group (AfDB) |

Liberia: African Development Fund invests over $7 million to complete run-of-river hydropower plant and related infrastructure project

The plant will be connected to an 8-km 33-kilovolt evacuation line and two transformer substations, and also to a cross-border transmission line

The Board of Directors of the African Development Fund, meeting today in Abidjan, has approved an additional loan of $7.41 million to complete implementation of the Renewable Energy for Electrification project in Liberia. The African Development Fund is the concessional lending window of the African Development Bank Group (https://www.AfDB.org). The…

African Development Bank Group (AfDB)

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    • The African Development Fund, through its Climate Action Window, is supporting the second phase of the Programme to Strengthen Resilience to Food and Nutritional Insecurity in the Sahel
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Source: African Development Bank Group (AfDB) |

African Development Fund commits $14 million grant to scaling up climate resilience across the Sahel

The Climate Action Window grant will cover 30 municipalities and support the creation of 60 climate-smart villages across Sahelian countries, helping to strengthen community resilience to climate shocks

The Board of Directors of the African Development Fund has approved a grant of $14.64 million to support Project 2 of the Programme to Strengthen Resilience to Food and Nutrition Insecurity in the Sahel (P2-P2RS) in Abidjan on 21 November 2025. The additional financing is provided through the Climate Action…

African Development Bank Group (AfDB)

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    • (From left to right). Roberto Amerise, Director of General Affairs, Financial Programs and International Cooperation at the Italian Ministry of the Environment and Energy Security; Terje Pilskog, CEO of Scatec; Natascha Beinker, representative of the German Federal Ministry for Economic Cooperation and Development and Head of the Climate Policy Division; and Daniel Schroth, Director for Renewable Energy and Energy Efficiency at the African Development Bank Group
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Source: African Development Bank Group (AfDB) |

30th Conference of the Parties (COP30): African Development Bank Group’s (AfDB) Sustainable Energy Fund for Africa (SEFA) mobilises nearly EUR50 million in new commitments for just energy transition and Mission 300

The discussions also featured the impactful work of BURN, a successful African clean cooking company and SEFA grant recipient

The African Development Bank Group’s Sustainable Energy Fund for Africa (SEFA) (www.AfDB.org), a multi-donor special fund managed by the Bank Group, has secured new investment commitments totalling nearly EUR 50 million, to strengthen the rollout of Mission 300 (https://apo-opa.co/48qxL74) and accelerate climate action across Africa’s power sector. The commitments, made by…

African Development Bank Group (AfDB)

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    • Group photo taken at the ceremony for the provisional acceptance of fibre optics at the Niger Telecoms office, Niamey, Niger
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Source: African Development Bank Group (AfDB) |

Niger takes a major step towards high-speed connectivity with handover of over 1,000 km of fibre-optic cable

The project has two major components: first, the construction of a 1,031-km national and cross-border fibre-optic network; and secondly, the installation of a Tier III national data centre

Niger has taken a major step forward in improving the country's broadband connectivity and regional digital integration by completing provisional acceptance of the fibre-optic sections built under the Trans-Sahara Optical Fibre Backbone Project (TSB) – a project financed by the African Development Bank Group (www.AfDB.org). On 14 November, an official…

African Development Bank Group (AfDB)

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    • African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership (1)
    • African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership (2)
    • African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership (3)
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Source: African Development Bank Group (AfDB) |

African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership

During his official visit to Algeria on 16-17 November, Dr Sidi Ould Tah, President of the African Development Bank, expressed his deep gratitude to Algerian President Abdelmadjid Tebboune for this significant decision

The African Development Bank (AfDB) (www.AfDB.org) has officially been earmarked as Algeria’s international partner in the country’s renewed efforts to engage with external financing, marking a key milestone in the ongoing partnership between Algeria and the Bank Group. During his official visit to Algeria on 16-17 November, Dr Sidi Ould…

African Development Bank Group (AfDB)

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    • AfDB president Dr Sidi Ould Tah meets with heads of African Stock Exchanges; Abidjan, 18 November 2025
    • AfDB president Dr Sidi Ould Tah meets with heads of African Stock Exchanges; Abidjan, 18 November 2025
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    • Dr. Tah's Vision for AfDB Presidency
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Source: African Development Bank Group (AfDB) |

African Development Bank Group rallies Stock Exchanges to reinvent Africa’s financial future

African stock exchanges will be a crucial lever for financing African economies

The African Development Bank Group (www.AfDB.org) on Tuesday commenced a round of high-level meetings with African development finance institutions and private sector financial partners to forge a bold, historic blueprint for a New African Financial Architecture, designed to bridge the financing gap for the continent’s development needs. Download Document: https://apo-opa.co/4r8E8Do…

African Development Bank Group (AfDB)

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    • Kevin Kariuki, African Development Bank Group Vice President for Power, Energy, Climate and Green Growth (1st from left) and Gareth Phillips, Group Climate and Environmental Finance Manager (3rd from left) at the launch of the call for expressions of interest for the ABM Secretariat at COP 30 on November 13, 2025
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Source: African Development Bank Group (AfDB) |

African Development Bank Group (AfDB’s) Adaptation Benefits Mechanism Concludes Pilot Phase, Moves to Establish Permanent Secretariat by 2027

African Development Bank Group launches ABM transition phase and call for expressions of hosting interest, at COP30 in Belém

The African Development Bank Group (www.AfDB.org) has concluded the pilot phase of the Adaptation Benefits Mechanism (ABM) and formally kicked off the implementation of a transition phase that will lead to the establishment of a permanent Secretariat by 2027. The ABM is the first non-market approach recognized specifically for adaptation…

African Development Bank Group (AfDB)

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    • Kevin Kariuki, AFDB Vice President for Electricity, Energy, Climate and Green Growth (2nd from left), outlined the institution's support mechanisms for fragile states
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Source: African Development Bank Group (AfDB) |

30th Conference of the Parties (COP30): The African Development Bank Highlights the essential role of climate finance for conflict-affected countries

Through its Climate Action Window, established in 2022, the Bank Group has supported 41 projects worth $322 million and mobilised an additional $1.6 billion in co-financing

The African Development Bank Group (www.AfDB.org) is playing a key role in supporting conflict-affected countries facing climate disruptions, Bank officials emphasised during a COP30 panel discussion on 12 November in Belém. Through its Climate Action Window, established in 2022, the Bank Group has supported 41 projects worth $322 million and…