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

African Development Bank approves $47.5 million loan to spur Eswatini's economic growth

The loan will support the government's efforts to transform the economy, achieve sustainable growth, create jobs, improve service delivery, and enhance the livelihoods of its people

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $47.5 million loan to the Kingdom of Eswatini. The loan will support the government's efforts to transform the economy, achieve sustainable growth, create jobs, improve service delivery, and enhance the livelihoods of its people.  The Enhancing…

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

African Development Bank approves ZAR 2.5 billion loan to City of Johannesburg for critical urban infrastructure development

First direct lending to a subnational entity in Africa will support water, electricity, and waste management systems for Africa's largest economic hub

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to the City of Johannesburg Metropolitan Municipality, marking the Bank's first direct lending to a subnational entity in Africa.   The transaction will finance critical infrastructure projects in electricity,…

African Development Bank Group (AfDB)

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    • Workers in the control room of the Xina Solar plant, African Development Bank’s first renewable energy IPP investment in South Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $474.6 Million Loan to support South Africa's Infrastructure Governance and Green Growth

The landmark financing backs infrastructure overhaul, renewable energy expansion, and climate resilience while safeguarding vulnerable communities

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $474.6 million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This financing marks a significant milestone in the country’s transition toward a sustainable, low-carbon economy. This IGGGP is the second phase of the…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina (l) and AIIB President Jin Liqun shake hands following the signing of an MOU renewing their institutions' collaboration to foster sustainable economic development for Africa. Paris, June 2025
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Source: African Development Bank Group (AfDB) |

CORRECTION: African Development Bank, Asian Infrastructure Investment Bank (AIIB) sign Memorandum of Understanding (MOU) renewing their collaboration on sustainable economic development for Africa

The MOU will promote among other things, co-financing, co-guaranteeing and other forms of joint participation in financial assistance for development projects primarily in sustainable infrastructure

The African Development Bank (www.AfDB.org) and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic opportunities across the African continent. The Memorandum of Understanding, which builds on an earlier one in 2018, was signed by…

African Development Bank Group (AfDB)

  • Multimedia content

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    • AfDB President Akinwumi Adesina (l) and AIIB President Jin Liqun shake hands following the signing of an MOU renewing their institutions' collaboration to foster sustainable economic development for Africa. Paris, June 2025
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Source: African Development Bank Group (AfDB) |

African Development Bank, Asian Infrastructure Investment Bank (AIIB) sign Memorandum of Understanding (MOU) renewing their collaboration on sustainable economic development for Africa

The MOU will promote among other things, co-financing, co-guaranteeing and other forms of joint participation in financial assistance for development projects primarily in sustainable infrastructure

The African Development Bank (www.AfDB.org) and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic opportunities across the African continent.   The Memorandum of Understanding, which builds on an earlier one in 2018, was signed by…

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

Rwanda: African Development Bank kickstarts pioneering cable car project in Kigali

Construction is expected to begin in late 2026, with commissioning scheduled for 2028

The African Development Bank (www.AfDB.org) has approved a grant of $500,000 to undertake a feasibility study into the first phase of a cable car transport network in Kigali, that will be sub-Saharan Africa’s first aerial urban transit system. The funds, to be sourced from the Bank Group’s Urban and Municipal…

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

African leaders urge United States (U.S.) to embrace investment-driven partnerships and review tariffs

What is needed is more trade between Africa and the U.S., not less—Adesina

African leaders have called on Monday for an urgent review of U.S. tariffs on African exports, urging a shift towards transformative partnerships and investment in Africa’s economic potential. Addressing more than 2,000 government and business leaders, and other delegates at the U.S.-Africa business summit in the capital Luanda, Angolan President…

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

Adesina spotlights African Development Bank’s role in delivering Mattei Plan and Global Gateway investments across Africa to drive industrial growth

Bank commended for driving key Mattei Plan infrastructure projects, including the Lobito Corridor and Rome Process Facility

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has reaffirmed the Bank’s central role in advancing Africa’s connectivity, industrialization, and regional integration through strategic investments aligned with Italy’s Mattei Plan and the European Union’s Global Gateway initiative.  Speaking at the joint Mattei Plan–Global Gateway Summit (https://apo-opa.co/3ZJy5Jx) held in Rome…

African Development Bank Group (AfDB)

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    • Central African government officials responsible for regulating natural resources strengthen their capacities to combat illicit financial flows and resource-backed lending, during a GONAT project workshop organized by the African Development Bank in Bangui, from June 10 to 13, 2024
    • Group photo of participants in the policy dialogue on combating illicit financial flows within the framework of the GONAT project (Bangui, June 10-13, 2024). From left to right: Mr. Sébastien Mangele, Country Economist for the CAR, African Development Bank; Mr. Charles Nyirahuku, Head of Gas Sector, African Development Bank, Professor Prince E. Danguene, Research Professor, Faculty of Science, University of Bangui, Mr. Gilbert Nengbi Kovoungbo, President of the Consortium of Central African Civil Society Organizations, Ms. Kessy M. Ekomo Soignet, Vice President, Interprofessional Group of Central Africa, Prof. Chantal L. Djebebe, Minister, Advisor to the Central African Prime Minister in charge of Natural Resources, Mr. Georges H. Ouaboua, Chief of Staff, Ministry of Mines and Geology, Salami Adeleke, Chief Capacity Development Officer and Macroeconomist, African Development Bank, Boye B. Kissagne, Principal Country Program Officer for CAR, African Development Bank
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Source: African Development Bank Group (AfDB) |

Central African Republic : African Development Bank Strengthens Capacity to Tackle Illicit Financial Flows and Manage Resource-backed Loans

Workshop participants emphasized the growing use of resource-backed loans – facilities collateralized by natural resources – to finance infrastructure development

The African Development Bank Group (www.AfDB.org) has successfully concluded a high-level workshop and policy dialogue aimed at enhancing the Central Africa Republic’s capacity to combat illicit financial flows (IFFs) and improve the governance of resource-backed loans. Held in Bangui from 10-13 June 2025 under the theme “Harnessing Africa’s Wealth: Curbing…

African Development Bank Group (AfDB)

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    • Family photo in Togo, with government representatives, members of the Country Office of AfDB Group, and civil society actors
    • Speech by Wilfrid Abiola, Head of the Togo Country Office of AfDB Group
    • Togo: African Development Bank strengthens partnership with civil society
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Source: African Development Bank Group (AfDB) |

Togo: African Development Bank strengthens partnership with civil society

The CSO Open Day in Lomé aimed to strengthen collaboration between the Bank and civil society by sharing information on the Bank’s development operations and projects in Togo

The African Development Bank (www.AfDB.org) held its first-ever Civil Society Open Day in Lomé, Togo, on 3 June. The event brought together representatives from the Togolese government, around 30 national and international civil society organisations (CSOs), and Bank staff — all committed to strengthening development partnerships in Togo. The key…