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African Development Bank Group (AfDB)

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    • Minister Ludovic Ngatsé and AfDB Director General Léandre Bassolé present the signed grant agreement in Brazzaville during the Bank's mission to the Republic of Congo
    • Minister Ludovic Ngatsé and AfDB Director General Léandre Bassolé signing the grant agreement in Brazzaville
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Source: African Development Bank Group (AfDB) |

Republic of Congo and the African Development Bank sign $602,000 grant agreement to rebase national accounts

The project will update the base year for calculating Congo’s national economic indicators from 2005, adopting the 2008 System of National Accounts (SNA 2008) in line with international standards

The Government of the Republic of Congo and the African Development Bank Group (AfDB) (www.AfDB.org) have signed a $602,000 grant agreement to support the rebasing of the country’s national accounts, a critical step toward modernising its economic statistics and enhancing fiscal transparency. The agreement was signed on 4 August in…

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

Public Finance, Governance, Justice and Development: Keynote Address by Dr. Akinwumi A. Adesina, President and Chairman, Boards of Directors, African Development Bank Group at the 2025 Kenya Law Society Conference - August 15, 2025

Public financing stands at the heart of the African Development Bank Group’s commitment to advancing accountable governance, sustainable development, and national resilience

PROTOCOLS Honorable Chief Justice of Kenya, Chief Justice Martha Koome, Distinguished Judges of the Supreme Court, President of the Kenya Law Society, Mrs. Faith Odhiambo,  Committee Members of the Kenya Law Society, Esteemed Judges, Respected Members of the Bar, Learned Friends and Partners in Development, Members of the Press, Distinguished…

African Development Bank Group (AfDB)

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    • Rule of law is Africa’s new gold: African Development Bank Group's (AfDB’s) Adesina calls for bold legal and governance reforms to unlock prosperity
    • Dr. Adesina delivers the final keynote address, culminating the 3-day Kenya Law Society Annual Conference 2025 to a standing-room-only hall, in Kwale County, Nairobi
    • “Justice and development are not parallel paths; they are converging tracks toward inclusive growth,” Adesina said during his speech, highlighting the linkage between the two
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Source: African Development Bank Group (AfDB) |

Rule of law is Africa’s new gold: African Development Bank Group's (AfDB’s) Adesina calls for bold legal and governance reforms to unlock prosperity

He challenged Africa’s lawyers, judges, and arbitrators to rise as “guardians of promise and stewards of destiny” by enforcing constitutional safeguards on public finance

“When Africa stands for the rule of law, the world will stand with Africa,” the President of the African Development Bank Group (www.AfDB.org), Dr Akinwumi Adesina, has told more than 1,200 lawyers, judges, and government officials attending the Kenya Law Society’s 2025 Annual Conference. Delivering the closing keynote, title Public…

African Development Bank Group (AfDB)

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    • Participants at the kick-off meeting of the RASME Project in Namibia
    • Michael Humavindu, Executive Director at Namibia’s Ministry of Finance, Namibia, launching the RASME Workshop
    • Fidelis Mnyanyi of the African Development Bank, delivering the opening remarks
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Source: African Development Bank Group (AfDB) |

Namibia joins 37 other countries in adopting Information and Communications Technology (ICT) initiative for remote monitoring and evaluation of development projects

Built on the robust Kobo Toolbox platform – an open-source ICT solution developed by the Harvard Humanitarian Initiative – RASME tackles critical challenges in project monitoring

Namibia has become the latest country to adopt cutting-edge technology for development project management, as senior government officials and the African Development Bank (www.AfDB.org) jointly launched the transformative Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) project on Wednesday in Windhoek. The RASME initiative marks a major shift in how development projects…

African Development Bank Group (AfDB)

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    • Mozambique's President, Daniel Chapo (left), and the President of the African Development Bank, Dr Akinwumi Adesina, at the 2025 Africa50 General Shareholder Meeting in Maputo
    • African Development Bank President Dr Akinwumi Adesina at a Fireside Chat with Adesina: 10 Years of Legacy, moderated by Nozipho Mbanjwa-Tshabalala, CEO of The Conversation Strategists
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Source: African Development Bank Group (AfDB) |

Mozambique President Extols Adesina's Transformative Decade at African Development Bank

“Your legacy is not just institutional but impacting the lives of Africans,” President Chapo said in tribute to Adesina’s legacy during Africa50 General Shareholders Meeting

Mozambique’s President Daniel Chapo has lauded Dr. Akinwumi Adesina for a decade of “transforming ambition into outcomes” as President of the African Development Bank Group (www.AfDB.org), crediting his leadership with improving millions of lives across the continent. Opening Africa50 General Shareholders Meeting in Maputo on Wednesday, President Chapo thanked Adesina…

African Development Bank Group (AfDB)

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    • African Development Bank’s investment anchors first close of $118 million for Africa's leading green infrastructure initiative
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Commits $40 Million to Catalyze the Alliance for Green Infrastructure - Project Development Fund

The Alliance for Green Infrastructure in Africa - Project Development Fund is part of the AGIA initiative, led by the African Development Bank, the African Union Commission, and Africa50

Bank’s investment anchors first close of $118 million for Africa's leading green infrastructure initiative The Fund, managed by Africa50, seeks to raise $400 million of blended, early-stage development capital to deliver a pipeline of investment-ready green infrastructure projects in Africa The African Development Bank Group (www.AfDB.org) has announced $40 million…

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

African Development Bank and partners drive data transformation in Africa with Statistical Data and Metadata Exchange (SDMX) and Open Data Platform 2.0 training

SDMX has emerged as a leading global standard for statistical data exchange, enabling greater efficiency, automation, and integration across national, regional, and global statistical systems

The Statistics Department of the African Development Bank (AfDB) (www.AfDB.org), in collaboration with the African Union Institute of Statistics (STATAFRIC), the Africa Centre for Statistics of the United Nations Economic Commission for Africa (UNECA), and other international partners held a week-long Regional Workshop on Statistical Data and Metadata exchange (SDMX)…

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

Opening Speech Dr. Akinwumi A. Adesina President and Chairman, Boards of Directors African Development Bank Group and Chairman, Africa50 2025 General Shareholders Meeting

Mozambique is a strong shareholder of the African Development Bank Group, which started operations in the country in 1977

Your Excellency, Daniel Chapo, President of the Federal Republic of Mozambique. Honorable Carla Louveira, Minister of Economy and Finance of Mozambique. Honorable Ministers and senior government officials. The Secretary General of the African Continental Free Trade Area Secretariat, Wamkele Mene. Excellencies, Ambassadors and heads of diplomatic missions. Heads of international…

African Development Bank Group (AfDB)

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    • Participants at the Africa50 General Shareholders Meeting in Maputo
    • African Development Bank President Akinwumi Adesina discusses Africa50's transformation over the past eight years
    • From left to right: Alain Ebobissé, CEO of Africa50; Carla Alexandre Loveira, Mozambique's Minister of Finance; Daniel Francisco Chapo, President of Mozambique; and Akinwumi Adesina, President of AfDB and Africa50 Chair, at Africa50's General Shareholders Meeting in Maputo
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Source: African Development Bank Group (AfDB) |

Africa50 Sets New Benchmark in Infrastructure Financing, Surpasses $1.4B in Managed Assets

Africa50 also sealed two significant pan-African deals, including the first close of the Alliance for Green Infrastructure in Africa (AGIA), an initiative envisioned by Dr. Akinwumi Adesina

Eight-Year Journey from Single Employee to 100-Strong Team Managing $8 Billion Portfolio Value Demonstrates Africa's Infrastructure Investment Potential. Africa50 symbolises the new Africa; an Africa that depends on itself, promotes cooperation between Africans, and builds shared prosperity, says President of Mozambique Africa50 (www.Africa50.com), the investment platform established by African governments…

African Development Bank Group (AfDB)

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    • Group photo from the AfAC Taxonomy Workshop, bringing together experts to advance a unified green finance framework for Africa
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Source: African Development Bank Group (AfDB) |

Africa’s Financial Industry Validates the Continental Sustainable Finance Taxonomy

The Taxonomy provides standardized definitions of activities that contribute to sustainable development, enabling financial institutions to direct capital toward climate-smart and socially responsible investments

Africa’s financial sector has taken a major step toward aligning with global climate and sustainability goals with the validation of a continent-wide Sustainable Finance Taxonomy.  The groundbreaking framework, the first of its kind for Africa, was endorsed by regulators, commercial banks, insurance firms, and development finance institutions in Nairobi on…