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

African Development Bank Approves $10 Million to catalyse Namibia’s Large Green Hydrogen Project

The project is poised to leverage the country’s world-class solar and wind energy resources

The African Development Bank’s Board of Directors (www.AfDB.org) has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company,  to support a green ammonia project valued at more than $10 billion and with the potential to position Namibia as a pioneer in the global green…

African Development Bank Group (AfDB)

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    • From left AfDB Chief Financial Management Officer Jonathan Nyamukapa, PAFA CEO Alta Prinsloo, AfDB Senior Governance Officer Bernadette Kizito Nakabuye AfDB Governance Manager Kalayu Gebre- Selassie, PAFA Director, Effective Professional Accountancy Organizations Evelyn Mwapasa and FAPA Project Coordinator Claudious Chikozho at SAIPA house in Johannesburg
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Source: African Development Bank Group (AfDB) |

African Development Bank, Pan African Federation of Accountants launch $5.2 million initiative to professionalise African accountancy sector

Strategic partnership will tackle critical shortage of public-sector financial professionals across the continent

The African Development Bank Group (www.AfDB.org) and the Pan African Federation of Accountants (PAFA) have launched a $5.2 million institutional support project to address a severe shortage of qualified public sector accountants and auditors across Africa. The launch event was held on 26 November at The South African Institute of Professional Accountants (SAIPA) House…

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    • Democratic Republic of the Congo (DR Congo): The African Development Bank Group grants nearly $160 million to strengthen connectivity to the Ngandajika agro-industrial park
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Source: African Development Bank Group (AfDB) |

Democratic Republic of the Congo (DR Congo): The African Development Bank Group grants nearly $160 million to strengthen connectivity to the Ngandajika agro-industrial park

The Project to Strengthen Connectivity at the Ngandajika Agro-Industrial Park is a strategic investment aimed at integrating the park more effectively into the main economic corridors of central DRC

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $159.50 million loan to the Democratic Republic of Congo (DRC) to improve connectivity to the Ngandajika Agro-Industrial Park and help open up the country’s central region. The total project cost is $177.16 million, with co-financing from…

African Development Bank Group (AfDB)

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    • African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries (1)
    • African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries (2)
    • Govt, SADC, and AfDB representatives join stakeholders for the 2025 World Fisheries Day celebrations in Botswana
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Source: African Development Bank Group (AfDB) |

African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries

$9.2 million initiative boosts cross-border fish trade to over 500,000 tonnes, creating jobs and strengthening food security across Southern Africa

A regional initiative that has overhauled aquatic resource management and boosted cross-border fish trade is now improving the lives of nearly three million people across Southern Africa —raising fish production, consumption, and incomes. The Program for Improving Fisheries Governance and Blue Economy Trade Corridors (PROFISHBLUE) (https://apo-opa.co/3Y8pOgL) has generated cross-border trade volumes…

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

African Development Bank approves landmark $1.78 billion strategy to support transformation of Namibia's economy and create jobs

The Namibia CSP aligns with the Bank Group's Four Cardinal Points, Namibia's Vision 2030, and Africa's Agenda 2063

The African Development Bank Group's (www.AfDB.org) Board of Directors has approved a Country Strategy Paper (CSP) for Namibia committing $1.78 billion to support economic transformation and inclusive growth in the 2025-2030 period. The financing is expected to pave the way job for creation and economic diversification while also addressing key…

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    • African Development Bank continues to support Cabo Verde in improving transparency and efficiency in public procurement
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Source: African Development Bank Group (AfDB) |

Cabo Verde: African Development Bank Group approves €17.7 million to advance public sector digitisation

An action plan to rationalise tax expenditures will be developed and published, along with full estimates of annual tax expenditures in the 2026 budget to improve transparency

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €17.71 million loan to support the second phase of Cabo Verde’s E-Governance and Public Financial Management Reform Programme. The Bank’s Board of Directors approved the financing on Monday, continuing support that began last year as the…

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    • AfDB Director Ousmane Fall flanked by CDP Director of International Development Cooperation Paulo Lombardo (left) and deputy CEO of CDG Invest Ali Lamrini at the Africa Investment Forum Market Days 2025
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum: Major Boost for African Private Sector as Caisse de Dépôt et de Gestion (CDG) Invest Joins Growth and Resilience Platform for Africa (GRAf) Platform

Agreement signed by CDP, AfDB and CDG Invest aims to foster joint investments, promote international cooperation, and channel capital toward key sectors of the African economy under the Mattei Plan

Cassa Depositi e Prestiti (CDP), the African Development Bank (www.AfDB.org) , and CDG Invest, part of the Caisse de Dépôt et de Gestion (CDG) Group, have signed a landmark agreement formalising CDG Invest's entry into the Growth and Resilience Platform for Africa (GRAf). The agreement was announced in Rabat during the…

African Development Bank Group (AfDB)

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    • The African Development Bank’s transaction guarantee for CCA-Bank will support imports of equipment for the industrial, agro-industrial and telecommunications sectors, to support Cameroon's industrialisation
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Source: African Development Bank Group (AfDB) |

Cameroon: African Development Bank Group approves €25 million trade finance facility to enable Crédit Communautaire d'Afrique-Bank expand support to Small and Medium-Sized Enterprises (SMEs)

The facility, approved at a Board session held on 1 December in Abidjan, will be deployed as a Transaction Guarantee, a Bank Group product that provides risk cover to eligible African banks for their trade finance transactions

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved financing of €25 million to help Cameroon’s Crédit Communautaire d'Afrique-Bank (CCA-Bank) expand its trade finance offerings to small and medium-sized enterprises (SMEs) and other businesses. The facility, approved at a Board session held on 1 December in…

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    • Prime Minister of Norway, Jonas Gahr Støre and African Development Bank Group President Dr. Sidi Ould Tah
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Source: African Development Bank Group (AfDB) |

G20 Summit: Norway reaffirms support to Africa’s development with NOK 3.1 billion pledge to the African Development Fund’s seventeenth replenishment

The seventeenth replenishment of the African Development Fund will be finalized at a pledging session in London from 15 to 16 December 2025

Norway reaffirmed its long-standing commitment to Africa’s low-income countries with a NOK 3.1 billion pledge to the African Development Fund’s seventeenth replenishment (ADF-17). The announcement, made during the Global Citizen Now: Johannesburg event, held on 21 November, was later reiterated in a bilateral meeting between Norwegian Prime Minister Jonas Gahr…

African Development Bank Group (AfDB)

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    • Photo (L-R): Dr Obaid Saif Hamad Al-Zaabi; Dr Nasser Al-Kahtani; Zineb Sqalli (moderator); Ahmadu Hott; Jacques Kanga; and Ouns Lemseffer
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Source: African Development Bank Group (AfDB) |

Time Is Running Out to Close Continent’s Massive Infrastructure and Climate-Finance Gap – 2025 Africa Investment Forum Panel Warns

The high-level panel, titled "Innovative Finance Instruments Powering Africa’s Sustainable Transformation,” served as a clear call to action for adopting new approaches beyond conventional funding models

Senior policymakers, investors, and development finance leaders converged at the 2025 Africa Investment Forum Market Days on Thursday to tackle one of the continent's most pressing challenges: unlocking the capital required to meet surging infrastructure and climate demands. The high-level panel, titled "Innovative Finance Instruments Powering Africa’s Sustainable Transformation,” served…