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African Development Bank Group (AfDB)

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    • The African Development Bank (AfDB) and Sustainable Energy Fund for Africa (SEFA) provide $40 million investment in equity platform Zafiri to accelerate renewable energy access across Africa
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Source: African Development Bank Group (AfDB) |

The African Development Bank (AfDB) and Sustainable Energy Fund for Africa (SEFA) provide $40 million investment in equity platform Zafiri to accelerate renewable energy access across Africa

Zafiri - jointly developed by the Bank, World Bank Group and other partners - aims to address the critical shortage of patient, longer-term equity capital needed to de-risk and scale Decentralized Renewable Energy solutions (DRE)

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $40 million equity investment in Project Zafiri, a transformative equity platform and flagship initiative under Mission 300 (https://apo-opa.co/4m1ve7m). This investment will accelerate the expansion of renewable energy access across Africa. Zafiri - jointly developed by the Bank,…

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

Empowering Women through Clean Energy: African Development Bank Launches Country Diagnostics to Accelerate Inclusive Energy Transitions

Focusing on localized, actionable solutions, the reports identify opportunities to embed gender considerations into national energy planning, investment strategies, and policy frameworks

In a significant step toward advancing inclusive climate solutions, the African Development Bank (www.AfDB.org), in partnership with the Climate Investment Funds (CIF) (https://apo-opa.co/44PhRQI), has launched the Gender and Renewable Energy Country Diagnostics (https://apo-opa.co/3GXAwSi)—a pivotal initiative exploring the nexus between gender equity and energy access in six African countries: Ghana (https://apo-opa.co/450VUOL), Liberia (https://apo-opa.co/44DKrFW), Mali (https://apo-opa.co/44ZZLM5),…

African Development Bank Group (AfDB)

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    • Supported by the African Development Fund’s Climate Action Window, the project will improve rice seed availability for 11,000 farmers in 13 West African countries
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Source: African Development Bank Group (AfDB) |

African Development Fund supports climate-resilient rice value chains across West Africa

The project will support rice producers and processors in 13 countries: Benin, Burkina Faso, Côte d'Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Senegal, Sierra Leone, and Togo

The Board of Directors of the African Development Fund (ADF) (http://apo-opa.co/4nUpfmv), the concessional funding window of the African Development Bank Group (www.AfDB.org), on 17 July 2025 approved a $9.44 million grant for the Africa Rice Center (AfricaRice) to strengthen the climate resilience of rice value chains across West Africa. Funded…

African Development Bank Group (AfDB)

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    • Left to right: Chinua Azubike, CEO of InfraCredit; Denis Charles Kouassi, CEO of Côte d'Ivoire’s National Social Security Fund; Ethiopis Tafara, Vice President of the International Finance Corporation; Boitumelo Mosako, CEO of the Development Bank of Southern Africa (DBSA); session moderator Victor Oladokun, Senior Advisor to the President of the African Development Bank Group for Communication and Stakeholder Engagement; and Timi Agama, Director General of Nigeria’s Securities and Exchange Commission
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Source: African Development Bank Group (AfDB) |

Africa's financial sovereignty: Mobilizing institutional capital for development and resilience

The continent faces an annual infrastructure funding gap of between USD 68 billion and USD 108 billion, while attracting only 2 percent of global investment in this sector

As global capital flows evolve and development assistance dwindles, Africa finds itself at a critical point. On 28 May, during the African Development Bank Group's 2025 Annual Meetings (www.AfDB.org), senior leaders, policymakers and financial experts gathered to chart a new course for the continent's financial future – one based on…

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    • Mauritius: African Development Bank Urges Bold Reforms to Unlock Capital and Accelerate Sustainable Growth in 2025 Report
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Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank Urges Bold Reforms to Unlock Capital and Accelerate Sustainable Growth in 2025 Report

The report notes that while Mauritius continues to post strong economic performance—recording real GDP growth of 4.9% in 2024, slightly down from 5% in 2023—structural constraints and external shocks continue to undermine the country’s growth trajectory

The African Development Bank (www.AfDB.org) has urged Mauritius to accelerate structural reforms to unlock its vast capital potential and advance long-term, sustainable growth. The Bank made the call during the launch of its 2025 Country Focus Report for Mauritius, titled “Making Mauritius’ Capital Work Better for its Development.” The report…

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    • Bank approves financing to accelerate Rwanda’s universal energy access by 2030
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Source: African Development Bank Group (AfDB) |

African Development Bank approves financing to advance Rwanda’s universal energy access

The RBF II program is a key deliverable under the Bank’s High-5 priority areas of “Light up and Power Africa” and “Improve the Quality of Life of the People of Africa”

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved €173.84 million for the Rwanda Energy Sector Result-Based Financing (RBF II) program to modernize the electricity network, expand access to clean energy, and strengthen institutional capacity. The Asian Infrastructure Investment Bank will provide an additional €86.92 million,…

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    • African Development Bank Approves $17 Million to Rebuild Conflict-Affected Northern Mozambique
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $17 Million to Rebuild Conflict-Affected Northern Mozambique

Project to create 24,000 jobs and benefit over 100,000 people in Cabo Delgado

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $17 million grant to support recovery and resilient-building efforts in conflict-affected northern Mozambique’s Cabo Delgado province. The funding will support the Resilient Investment for Socio-Economic Empowerment, Peace, and Security (RISE-PS) Project, a bold new initiative to tackle…

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    • L–R: Hon. Otumchere Oti, Abia State Commissioner for Works; Mr. Mahaman Mourtala Mamoudou Abdoussalam, Operations Team Leader, Economic Infrastructure, Islamic Development Bank; Dr. Abdul B. Kamara, Director General for Nigeria, African Development Bank Group; His Excellency Dr. Alex Otti, Governor of Abia State; and Dr. Oyebola Akande, Assistant Director, International Economic Relations Department, Federal Ministry of Finance, Nigeria
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Source: African Development Bank Group (AfDB) |

African Development Bank and Partners Launch a $263.8 Million Infrastructure Project to Transform Urban Development in Abia State

The project will rehabilitate more than 248 kilometers of roads in the cities of Umuahia and Aba

The African Development Bank (www.AfDB.org), in partnership with the Islamic Development Bank, Nigeria’s Federal Government and the Abia State, has launched the Abia State Integrated Infrastructure Development Project, a transformative $263.8 million initiative to modernize urban infrastructure, enhance mobility, and promote inclusive, climate-resilient development over the next five years. The…

African Development Bank Group (AfDB)

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    • Cashews are now Burkina Faso's third largest agricultural export after cotton and sesame
    • Christiane Koné, a processor in Toussiana, purchased six automatic shelling machines
    • Arzouma Zougouri, a producer in Orodara, was able to further equip his processing unit
    • Cashew processors at work
    • Adama Sombié, a cashew producer, was given a two-hectare woodlot in Bérégadougou
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Source: African Development Bank Group (AfDB) |

In Burkina Faso, cashew cultivation is a lever for sustainable and inclusive rural development

The project mobilised the necessary resources to contribute to the sustainable transformation of the Cascades, Hauts Bassins and South-West regions, with significant participation from women

Launched in 2017 and completed in 2024, the Cashew Development Support Project in the Comoé Basin for REDD+ (PADA/REDD+) exemplified sustainable development. The project combined poverty reduction, ecological transition and the empowerment of women and young people, achieving a remarkable implementation rate of 95 percent.  It has revitalised the cashew…

African Development Bank Group (AfDB)

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    • Beni Cial Yumba Musoya sits in class with other students
    • Marie Samba, who left the artisanal mines, now raises hens and quails. Here she is preparing feed for her poultry
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Source: African Development Bank Group (AfDB) |

From Mine Shafts to Classrooms: How a Cobalt Mining Town is Reclaiming Childhood and Rebuilding Hope

8,200 young people formerly working in the mines are being supported to integrate into school, vocational training, or income-generating activities

Thirteen-year-old Beni Cial Yumba Musoya used to spend her days scavenging for cobalt under the scorching sun in the artisanal mines of Kolwezi. Today, she dreams of donning a white coat and saving lives. "I want to be a doctor," she says, smiling shyly from her wooden desk at Kasanda…