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African Development Bank Group (AfDB)

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    • The knowledge event, organized by Côte d'Ivoire — host of the African Development Bank Group’s 2025 Annual Meetings — provided a platform to explore how best to mobilize and leverage Africa's capital for development
    • Koffi N'Guessan, Ivorian Minister of Vocational Training and Apprenticeships, emphasized the need to train Africa's youth to meet the needs of the private sector
    • Hervé Lohouès, Division Manager in the Country Economics Department at the African Development Bank, underlined the importance of taking natural resources into account when calculating the GDP of African countries
    • 2025 Annual Meetings: Africa’s Vast Human and Natural Capital Key to Achieving African Union's Agenda 2063, experts affirm (1) (FR)
    • 2025 Annual Meetings: Africa’s Vast Human and Natural Capital Key to Achieving African Union's Agenda 2063, experts affirm (2) (PT)
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Source: African Development Bank Group (AfDB) |

2025 Annual Meetings: Africa’s Vast Human and Natural Capital Key to Achieving African Union's Agenda 2063, experts affirm

Agenda 2063 -- adopted in January 2015 by the African Union – remains the strategic framework for the continent's economic and social transformation

Africa, the world's youngest continent with immeasurable natural resources, has all it needs to achieve the African Union's Agenda 2063, provided the right public policies are implemented, according to government officials and development experts. The experts expressed this shared conviction on Monday during the 2025 Annual Meetings of the African…

African Development Bank Group (AfDB)

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    • Youth agripreneur and “Mon chips” brand founder Koffi Amani François Xavier presenting at the Enable Youth side event
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Source: African Development Bank Group (AfDB) |

At African Development Bank Group 2025 Annual Meetings, young agripreneurs transforming Africa’s Agriculture in spotlight

The side event drew policymakers, private sector leaders, development partners, young agripreneurs and other participants to share insights on scaling up youth-led agribusinesses across Africa

An Ivorian entrepreneur who started up a snack food business with about $100, then transformed it into a multinational supplier of a popular potato chip, is crediting the African Development Bank’s Enable Youth program for his success. Thirty-year-old “Mon chips” brand founder Koffi Amani François Xavier told an audience Tuesday…

African Development Bank Group (AfDB)

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    • AfDB Senior Vice president Marie-Laure Akin Olugbade (third from left), Vice President Kevin Urama (fourth from right) and high-level attendees at the launch of the African Economic Outlook during the AfDB Annual Meetings
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Source: African Development Bank Group (AfDB) |

African Economic Outlook 2025—Africa’s short-term outlook resilient despite global economic and political headwinds

With the right policies, Africa has the potential to mobilize an additional $1.43 trillion in domestic resources from both tax and non-tax revenue sources, and curbing leakages

Africa’s economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development Bank Group (www.AfDB.org) said Tuesday in its flagship 2025 African Economic Outlook report.  Despite the prevailing domestic and…

African Development Bank Group (AfDB)

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    • By investing in Arise IIP, the African Development Bank will contribute to the construction of special economic zones across Africa
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Source: African Development Bank Group (AfDB) |

The African Development Bank approves an investment of US$100 million in Arise Integrated Industrial Platforms Limited.

Arise IIP seeks to replicate its successful industrial platform implementation experience in Gabon, Togo and Benin by establishing Special Economic Zones across other African countries with the aim of improving Africa’s export competitiveness

The Board of Directors of the African Development Bank (www.AfDB.org) has approved an investment of $100 million in the industrial platform developer and operator Arise Integrated Industrial Platforms Ltd (Arise IIP) to contribute to funding industrial parks and special economic zones across Africa as a part of our industrialization strategic…

African Development Bank Group (AfDB)

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    • African Development Bank’s Adesina Warns of Economic Shockwaves from United States (U.S.) Tariffs, Calls for Strategic Global Engagement
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Adesina Warns of Economic Shockwaves from United States (U.S.) Tariffs, Calls for Strategic Global Engagement

Africa should engage the U.S. through “flexible and constructive” trade negotiations, Adesina says in exclusive interview with CNN’s Amanpour

As the United States imposes higher tariffs with global ramifications, African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships.  In an exclusive interview with CNN’s Christiane Amanpour,…

African Development Bank Group (AfDB)

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    • A resident of Dafenaytou talking about the changes she has experienced thanks to the IGAD/AfDB project, particularly in terms of access to land and food security. Goumati Roufa Ahmed
    • A Kalaf village elder describes how living conditions have improved since the introduction of plots of agricultural land and adapted tools. Adoyta Ahmed Adoyta
    • Discussions between community members and the ACCF and IGAD teams on the ground in Kalaf, as part of a project monitoring mission. ACCF/AfDB
    • A resident of Dafenaytou shares his views on local agricultural governance, which is now largely driven by the community's women. Ali Kamil Mohamed
    • A woman from Kalaf explains how her family's vegetable gardens have enabled them to become more self- sufficient in food. Assia Obakar Hassan
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Source: African Development Bank Group (AfDB) |

"The land is life": A regional project supported by the African Development Bank boosts rural women's climate resilience in Djibouti

The IGAD/AfDB project has not only provided water, seeds and training: it has given dignity, confidence and a voice back to rural women

"Before,  farming  was  an  unattainable  dream.  Today,  I  feed  my  children  from  the  land." These words from Assia Obakar Hassan, a mother from the village of Kalaf, epitomize the profound transformation benefiting part of rural northern Djibouti thanks to a regional project implemented by the Intergovernmental Authority on Development (IGAD) with…

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

African Development Bank Approves $304 Million Loan to Support Botswana's Fiscal Stability and Economic Reforms

The country’s fiscal deficit widened -- from a balanced budget in 2022/23 to 4.7% of GDP in the 2023/24 financial year–– and is projected to reach 6.7% in the current fiscal year

The African Development Bank (www.AfDB.org) has approved a $304 million loan to Botswana to support the southern African country in managing mounting fiscal challenges and implementing key governance and economic reforms.  The funding, approved by the Bank Group’s Board of Directors on Wednesday, will finance the Governance and Economic Resilience…

African Development Bank Group (AfDB)

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    • Italy reaffirms its support for the African Development Bank under the Mattei Plan. Marie-Laure Akin-Olugbade, Senior Vice President of the Bank Group (2nd from left), received an Italian delegation on May 8, 2025, at the institution's headquarters in Abidjan
    • Marie-Laure Akin-Olugbade, Senior Vice President of the Bank Group
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Source: African Development Bank Group (AfDB) |

Italy affirms Partnership with African Development Bank under the Mattei Plan

Under the Mattei Plan for Africa, Italy aims to foster economic and strategic partnerships with African nations and institutions

Italy has reaffirmed its partnership with the African Development Bank (www.AfDB.org) and expressed keenness to explore mutual growth opportunities in Africa under the Mattei Plan.  Stefano Gatti, Director General for Development Cooperation at the Ministry of Foreign Affairs and International Cooperation (FAIC) and Lorenzo Ortona, Head of the Mattei Plan…

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

African Development Bank funds second Tech Park in Mindelo

The campus currently hosts ten companies from four countries and employs 125 young professionals, with 80% of its 25 office spaces occupied

Cabo Verde has inaugurated the Mindelo Technology Park, completing the second campus of the TechPark CV project funded by the African Development Bank (www.AfDB.org). The facility aims to establish the country as a digital hub connecting Africa with global markets.  The ceremony took place on May 6 with representatives from…

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

Development Bank of Nigeria visits African Development Bank to benchmark sustainability and resilience into financing

Through the African Financial Alliance on Climate Change (AFAC), the African Development Bank offers technical assistance to African financial institutions to help them manage climate-related risks and unlock opportunities in green investments

A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters (www.AfDB.org) in Abidjan, Cote d’Ivoire. The visit, jointly hosted by the Climate Change and Green Growth Department and the Financial Sector Development Department, focused on sharing…