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African Development Bank Group (AfDB)

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    • Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million (1)
    • Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million (2)
    • Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million (3)
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Source: African Development Bank Group (AfDB) |

Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million

The project aims to modernise port infrastructure that is essential to the economic development of the islands of the Union of the Comoros, facilitate trade and strengthen regional connectivity

The President of the Union of the Comoros, Azali Assoumani, presided over the official launch ceremony for the Maritime Corridor and Regional Trade Facilitation Project (https://apo-opa.co/4hA9Zsl), financed by the African Development Bank Group (www.AfDB.org) to the tune of $137 million. Senior Bank officials attended the ceremony, which took place on 27…

African Development Bank Group (AfDB)

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    • The African Development Bank Group provides significant support to the African Risk Capacity for technical assistance to African countries in disaster risk quantification and assessment
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Source: African Development Bank Group (AfDB) |

African Development Bank approves $6 million grant to strengthen disaster risk management in Africa

Planned activities include high-level advocacy for the ratification of the ARC Treaty, finalisation of its work programmes with participating countries, and facilitation of insurance premium support

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $6 million grant to support the African Risk Capacity (ARC) in boosting disaster preparedness and risk financing across Africa over the 2025-2026 period. Approved on October 29, the grant—provided through the Bank’s African Disaster Risk Financing Initiative…

African Development Bank Group (AfDB)

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    • Site geotechnical studies and piling works underway at Nyanza Light Metals in South Africa
    • Architectural rendering of the proposed Nyanza Light Metals titanium dioxide plant in South Africa
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Source: African Development Bank Group (AfDB) |

South Africa: African Development Bank approves $75 million in Nyanza Light Metals to drive large-scale titanium processing

The financing will support the development, construction, and operation of an 80,000-tonnes-per-year titanium dioxide pigment manufacturing plant and supporting infrastructure within the Richards Bay Industrial Development Zone

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved $75 million in financing to support South Africa-based Nyanza Light Metals Pty Ltd (Nyanza) to boost industrialization in Africa through local value addition to the continent’s abundant titanium mineral resources. Titanium dioxide is a crucial pigment used…

African Development Bank Group (AfDB)

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    • Behailu Seboka, founder of Askema Engineering, in his workshop
    • Participants at the ACEA Annual Meeting in Addis Ababa
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Source: African Development Bank Group (AfDB) |

Africa’s Circular Economy gains momentum as innovation meets opportunity

The African Development Bank Group has incorporated circularity into its Ten-Year Strategy 2024–2033, recognising it as a foundation for sustainable prosperity

On the outskirts of Addis Ababa, 30-year-old Behailu Seboka, founder of Askema Engineering, manufactures brake pads from discarded slaughterhouse materials. What began as a university project now employs 268 people and serves 6,400 customers across Ethiopia. "With the right support, we can prove that the circular economy is not only…

African Development Bank Group (AfDB)

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    • The AfDB has received $14m to help agriculture SMEs in Ethiopia, Uganda, Tanzania, Malawi, and Zambia gain better access to credit, insurance, and investment capital
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Source: African Development Bank Group (AfDB) |

African Development Bank Group receives $14 million in first funding allocation under Global Agriculture and Food Security Program’s new private sector financing window

More than 1.5 million smallholder farmers and 500 agro-dealers and cooperatives are expected to benefit

The Global Agriculture and Food Security Program (GAFSP) has announced the first allocation from its new private sector financing window to the African Development Bank Group (www.AfDB.org), providing $14 million in de-risking capital that aims to unlock $200 million from the private sector to enhance food security in low-income countries.…

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    • Mozambique Receives $2 Million Insurance Premium for Drought Protection as African Risk Financing Programme Reaches $150 Million Milestone
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Source: African Development Bank Group (AfDB) |

Mozambique Receives $2 Million Insurance Premium for Drought Protection as African Risk Financing Programme Reaches $150 Million Milestone

The forum was jointly organised by the government of Mozambique and the African Development Bank to advance ADRiFi's disaster risk financing on the continent

Mozambique received a $2 million insurance premium for drought protection covering the 2025-2026 agricultural season, marking the country's third consecutive year of coverage under the African Development Bank's disaster risk financing programme (www.AfDB.org). The premium was announced during the 2025 Climate and Disaster Risk Financing Forum (CDRFI), held from October…

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    • AfDB officials and partners at the launch of a $125 million Youth Employment Project in Angola
    • Minister of Planning, Victor Hugo Guilherme, at the $125 million Youth Employment Project launch in Angola
    • AfDB Executive Director for Angola, Mozambique, Namibia, and Zimbabwe, Eugénio Maria Paulo, speaking at the youth investment initiative launch
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Source: African Development Bank Group (AfDB) |

African Development Bank and Angola launch $125 million drive to boost youth entrepreneurship

The Crescer Project will strengthen the national planning system, public-private partnerships, and public investment, all of which are key drivers of economic growth

The African Development Bank Group (https://AfDB.org), in partnership with the Government of Angola and the European Union, has launched a $125 million Youth Employment Project (Crescer Project) to spur entrepreneurship and job creation among young Angolans. The project will create more than 112,000 indirect jobs, support the growth of over…

African Development Bank Group (AfDB)

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    • Tackling Africa’s Off-Grid Gap: The International Finance Corporation (IFC), African Development Bank Group (AfDB), and partners appoint Inspired Evolution as Investment Manager for Zafiri
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Source: African Development Bank Group (AfDB) |

Tackling Africa’s Off-Grid Gap: The International Finance Corporation (IFC), African Development Bank Group (AfDB), and partners appoint Inspired Evolution as Investment Manager for Zafiri

The appointment underscores Zafiri’s central role in Mission 300, a joint initiative of the World Bank Group and African Development Bank to provide first-time electricity access to 300 million people in Sub-Saharan Africa by 2030

The African Development Bank Group (AfDB) (www.AfDB.org), The International Finance Corporation (IFC), and partner organizations today announce the appointment of Inspired Evolution as the investment manager for Zafiri, a new decentralised renewable energy (DRE) equity investment vehicle targeting small-scale and decentralized renewable energy, to expand access to electricity and clean cooking…

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    • African Development Bank President Sidi Ould Tah (2nd left) with other multilateral development bank heads. Washington DC October 17, 2025
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Source: African Development Bank Group (AfDB) |

Heads of Multilateral Development Banks (MDBs) meet to take stock of progress on joint actions and look ahead

After their gathering, Heads held an exchange of views with Director General of the International Atomic Energy Agency, Rafael Grossi, on trends in civil nuclear energy

The Heads of Multilateral Development Banks (MDBs) Group, chaired in 2025 by the Council of Europe Development Bank (CEB), met today to review progress on joint actions and chart priority areas for the Group’s future work. Heads noted that their collaborative engagement has deepened throughout 2025, under the CEB’s Chairship…

African Development Bank Group (AfDB)

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    • African Development Bank Approves $500 Million Strategy to Drive Inclusive Growth and Economic Resilience in Sierra Leone
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $500 Million Strategy to Drive Inclusive Growth and Economic Resilience in Sierra Leone

The Five-Year Country Strategy Paper targets infrastructure development and agricultural transformation to accelerate the path to middle-income economy

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a new Country Strategy Paper (CSP) for Sierra Leone for 2025–2030, committing approximately $500 million over the next five years to foster sustainable economic growth, strengthen resilience to fragility, and promote inclusive development.   The strategy is built…