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African Development Bank Group (AfDB)

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    • President Adesina (center in blue suit), Vice President Kashim Shettima (to his left in beige traditional attire) lay the foundation for the $538 million Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, marking a milestone in Nigeria’s journey to become a food export leader through agro-industrialization
    • Vice President Kashim Shettima, African Development Bank President Dr. Akinwumi Adesina, Governor Bassey Out, and other dignitaries unveil the plaque for the Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, harnessing the state’s ports to boost global trade in cocoa and cassava
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Source: African Development Bank Group (AfDB) |

Nigeria’s Cross River State second to commence construction of its Special Agro-Industrial Processing Zone

The African Development Bank Group has committed $934 million to SAPZs in 11 African countries

Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina broke ground at the project site on Thursday 10 April. The SAPZ aims to tackle food insecurity, enhance…

African Development Bank Group (AfDB)

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    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (1)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (2)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (4)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (5)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development

The African Development Bank’s 2025 African Economic Outlook report to be released during the annual meetings would address the changing global economic landscape

The African Development Bank Group’s (www.AfDB.org) 2025 Annual Meetings next month will take a deep dive into how Africa can better harness its wealth of capital and address current issues such as heavy debt burdens, climate change and rising tariffs in a complex geopolitical landscape, the institution’s Secretary General and Chief…

African Development Bank Group (AfDB)

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    • AfDB Manager Mohamadou Ba (second from right) with Gates Foundation Program Officer Thao Hong (far left), the French Treasury's Clarisse Senaya (second left), AFD's Head of Financial Systems Audrey Brule-Françoise (center left), AfDB Principal Officer Mariam Yeo-Dembele (center right) and ADFI Communications lead Louise Simpson (far right)
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Source: African Development Bank Group (AfDB) |

Agence française de développement commits additional €3 million to Africa Digital Financial Inclusion Facility to boost digital financial inclusion

The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg

The Agence française de développement (AFD) has committed an additional €3 million to the African Development Bank (www.AfDB.org) -managed Africa Digital Financial Inclusion Facility (ADFI) (https://apo-opa.co/4iXF6xK) to accelerate financial inclusion in Africa.  The increase brings AFD’s total funding to over €5 million. The resources will support the ADFI partnership in…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis (1)
    • African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis (2)
    • African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis (3)
    • African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis

Returning to a previously held role where he provided pro bono advice to the Bank, Rt. Hon. Mitchell is passionate about Africa’s development and has extensive knowledge and experience in managing the complexities of global resource mobilization

The African Development Bank Group (www.AfDB.org) President, Dr. Akinwumi Adesina, has appointed the Right Honourable Andrew Mitchell as his Senior Advisor for resource mobilization and policy issues on a pro bono basis. Rt. Hon. Mitchell, whose appointment is effective 7 April 2025, will provide strategic advice on emerging global and…

African Development Bank Group (AfDB)

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    • Nigeria’s Agro-Revolution: Construction of Special Agro-Industrial Processing Zones (SAPZ) begins
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Source: African Development Bank Group (AfDB) |

Nigeria’s Agro-Revolution: Construction of Special Agro-Industrial Processing Zones (SAPZ) begins

African Development Bank Group and Nigeria Kick Off $538 million agro-industrial project across eight states

Nigeria’s food and agriculture sector is set to enter a new era of industrialization, as the Nigerian government, the African Development Bank (www.AfDB.org), and the State government of Kaduna kickstart the construction of Phase 1 of the Special Agro-industrial Processing Zones (SAPZ) program.    The groundbreaking ceremony starts in Kaduna…

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

African Development Bank, the West African Economic and Monetary Union (WAEMU) Ombudsmen Association meet to strengthen peace, stability and regional integration in West Africa

Created in 2008 and based in Ouagadougou, the Ombudsmen Association promotes mediation, citizens’ rights, administrative justice and regional integration in its member countries

On 28 March 2025 the Director of the Regional Integration Coordination Office of the African Development Bank (www.AfDB.org), Joy Kategekwa, received a delegation from the Ombudsmen Association of the member states of the West African Economic and Monetary Union (WAEMU). Led by the association’s president, Pascal Essou, Ombudsman of the…

African Development Bank Group (AfDB)

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    • African Development Bank’s Tanzania Country Manager, Patricia Laverley (right), and BOAT’s Deputy Managing Director, Hamza Cherkaoui, display signed copies of the $7.5 million trade finance transaction guarantee agreement
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Source: African Development Bank Group (AfDB) |

African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance

The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector

The African Development Bank (www.AfDB.org) and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania. Under this facility, the African Development Bank will provide a guarantee of up to 100% to…

African Development Bank Group (AfDB)

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    • Participants at the signing of a tripartite agreement for a drone-driven initiative to strengthen disaster preparedness in Mozambique
    • From left to right: Mr. Changmoon Yang, MD of Busan Techno Park, South Korea; Mozambique’s Minister of Communication and Digital Transformation; and Akposso Marcelle, Division Manager, AfDB, at the signing of a tripartite agreement for a drone-driven initiative to strengthen disaster preparedness in Mozambique
    • A prototype drone for an initiative to strengthen disaster preparedness in Mozambique
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Source: African Development Bank Group (AfDB) |

African Development Bank and Mozambique launch drone-based initiative to strengthen country’s disaster preparedness

The Drone-Based Disaster Management Project will establish a drone training centre in Mozambique to train 30 professionals, including 10 instructors

The African Development Bank (www.AfDB.org), the government of Mozambique, and Korea’s government agency Busan Technopark have launched an innovative drone-driven initiative to strengthen disaster preparedness in Mozambique, a country frequently hit by floods, mudslides, cyclones, and other weather-related crises.   The launch event took place in Maputo, on Thursday, April 3.  …

African Development Bank Group (AfDB)

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    • Members of the African Development Bank team and other participants who worked on Senegal's award-winning $500 million sustainable term loan in Cape Town, South Africa
    • Members of the AfDB team that participated in Rwanda's €200 M award-winning ESG loan in Cape Town
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Source: African Development Bank Group (AfDB) |

CORRECTION: African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards

The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring

Two African Development Bank Group (www.AfDB.org)-supported projects have garnered top honours at the 2025 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/4lvavcK) conference. A $500 million sustainable term loan facility in Senegal (https://apo-opa.co/4i1gUt8) was named Sovereign Syndicated Loan Deal of the Year, while Rwanda’s €200 million ESG loan (https://apo-opa.co/3RxvfTd) was awarded ESG…

African Development Bank Group (AfDB)

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    • Representatives of the African Development Bank and other participants in Senegal's award-winning $545M sustainable term loan facility in Cape Town
    • Members of the AfDB team that participated in Rwanda's €200 M award-winning ESG loan in Cape Town
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Source: African Development Bank Group (AfDB) |

African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards

The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring

Two African Development Bank Group (www.AfDB.org) -supported projects have garnered top honours at the 2025 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/4li4foE) conference. A $545 million sustainable term loan facility in Senegal (https://apo-opa.co/4ldg7rV) was named Sovereign Syndicated Loan Deal of the Year, while Rwanda’s €200 million ESG loan (https://apo-opa.co/4lf3cpd) was…

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