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African Development Bank Group (AfDB)

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    • Ntambwe water tower in Central Kasaï
    • Katoy health centre in Kwango province
    • A building in the Mweka market in Kasaï
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Source: African Development Bank Group (AfDB) |

Democratic Republic of Congo: water and health centres changing lives in Kasaï

Change began more than 10 years ago, when the Project for the Reinforcement of Socioeconomic Infrastructure (PRISE) launched a major transformation

Drinking clean water, receiving treatment in a modern health centre or seeing your children study in bright classrooms is no longer a dream in Kasaï province, in the centre of the DRC. Today, it’s real life. In the past, life in Kasaï was subject to painful compromises: "We used to…

African Development Bank Group (AfDB)

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    • African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat
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Source: African Development Bank Group (AfDB) |

African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat

The NCA-COP, launched in 2020 and now comprising more than 500 members from 48 African countries

The African Development Bank Group (www.AfDB.org) has officially announced that it will host the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa NCA-CoP), strengthening its leadership role in integrating natural capital into climate-resilient development strategies across the continent.   As the new host, the Bank Group will provide…

African Development Bank Group (AfDB)

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    • Ms. Hana Tehelku, Director General of the Ethiopian Capital Market Authority (5th from right), and Mrs. Akane Zoukpo Sanankoua, AfDB Manager for Capital Markets Development (4th from right), sign a $400,000 grant agreement to strengthen Ethiopia's capital markets infrastructure and offerings, flanked by members of both organizations
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Bank provides $400,000 for Public Disclosure Platform to boost capital market

The planned public disclosure platform will facilitate timely and accurate dissemination of company information to investors, shareholders, and other market participants, thereby enhancing decision-making and fair price discovery

The African Development Bank Group (www.AfDB.org) and the Ethiopian Capital Market Authority (ECMA) have signed a grant agreement for $400,000 for the set up of a public disclosure platform and rollout of new financial products including exchange traded funds and green bonds at the Ethiopian Securities Exchange The grant, which…

African Development Bank Group (AfDB)

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    • Abdul Kamara, Director General of the AfDB's Nigeria Country Department (ninth from left), and ADI Director Eric Ogunleye (seventh from left), with senior Bank officials, Nigerian Economic Society Council members, and delegates from Africa's transition states
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Source: African Development Bank Group (AfDB) |

African Experts Urge Governance Reforms, Domestic Resource Mobilization, and Stronger Partnerships to Drive Economic Transformation in Transition States

Africa’s transition states are the continent’s most vulnerable economies, facing a wide range of political, economic, security and environmental challenges, and striving for greater stability and resilience

African economists and development leaders have called for sweeping governance reforms, stronger domestic resource mobilization, and innovative partnerships to accelerate economic transformation across the continent’s transition states.  The call came at a high-level Policy Dialogue organized by the African Development Institute (ADI) of the African Development Bank Group (AfDB) during…

African Development Bank Group (AfDB)

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    • African Development Institute Director Eric Ogunleye (fifth from left) and Nigerian Economic Society Council Members, including their President, Prof. Adeola Adenikinju (sixth from right), at the opening session of the 66th NES Annual Conference
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Source: African Development Bank Group (AfDB) |

African leaders, African Development Bank (AfDB) push for governance reforms, regional integration for Africa’s transformation at Nigerian Economic Society Conference

The 2025 NES conference has drawn more than 2,500 delegates from 22 African countries, including economists, policymakers, academics, and international partners

African leaders, experts, the African Development Bank (www.AfDB.org) and development partners have called for urgent reforms to strengthen governance, deepen regional integration, and drive inclusive growth across the continent. Opening the Nigerian Economic Society’s (NES) 66th Annual Conference in Abuja on Tuesday, Nigeria’s Vice President Kashim Shettima stated that Nigeria’s…

African Development Bank Group (AfDB)

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    • Aerial view of houses submerged in Maiduguri during floods. Sept 2024 [Audu Marte/AFP]
    • Front Row (L–R): Jean-François Yao, Senior Policy Advisor, International Committee of the Red Cross (ICRC); Babarinde Segun Mukaila, Director of Water Supply and Support Services, Federal Ministry of Water Resources and Sanitation; Dr. Abdul Kamara, Director General, African Development Bank Nigeria Country Department; Mallam Bukar Tijani, Secretary to the State Government of Borno; and Doris El Doueihy, Head of Delegation, ICRC Nigeria
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank and International Committee of the Red Cross (ICRC) partner to support inclusive, resilient water services in Maiduguri

Between 2006 and 2021, Maiduguri’s population more than doubled and is projected to exceed 2.5 million by 2030, placing immense pressure on water infrastructure

The Government of Borno State, in collaboration with the African Development Bank (www.AfDB.org) and the International Committee of the Red Cross (ICRC), have convened a partnership roundtable to accelerate access to safe, sustainable, and inclusive water services in Maiduguri. The event held on Tuesday 10 September, coincided with the first…

African Development Bank Group (AfDB)

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    • Multilateral development banks hit record $137 billion in climate finance, driving sustainable development worldwide
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Source: African Development Bank Group (AfDB) |

Multilateral development banks hit record $137 billion in climate finance, driving sustainable development worldwide

MDBs mobilized $134 billion in private finance for climate action in 2024, a 33% increase from the year earlier, according to 2024 Joint Report on Multilateral Development Banks' Climate Finance

New report shows climate finance by multilateral development banks rose 10% in 2024 compared with previous year. MDBs’ climate finance for low- and middle-income economies increased 14% to more than $85 billion. Multilateral development banks (MDBs) delivered a record $137 billion in global climate finance last year—a 10% increase that underscores…

African Development Bank Group (AfDB)

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    • Léandre Bassolé, Director General of the Regional Office for Development, Integration, and Business Delivery for Central Africa, presents his letters of introduction to Oumarou Chinmoun, Secretary General of the Cameroonian Ministry of Foreign Affairs, representing Minister Lejeune Mbella Mbella, on 27 August 2025 in Yaoundé
    • Léandre Bassolé, Director General of the Regional Office for Development, Integration, and Business Delivery for Central Africa, meets Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning, and Regional Development, and Governor of the Bank for Cameroon, on 28 August in Yaoundé
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Source: African Development Bank Group (AfDB) |

Léandre Bassolé officially takes helm of African Development Bank's regional office for Central Africa

Bassolé presented his letters of introduction to Oumarou Chinmoun, Secretary General of the Cameroonian Ministry of Foreign Affairs, representing Minister Lejeune Mbella Mbella

Léandre Bassolé, the new Director General of the African Development Bank Group's (www.AfDB.org) Regional Office for Development, Integration, and Business Delivery for Central Africa, officially took office on 27 August 2025, in Yaoundé, Cameroon. Bassolé presented his letters of introduction to Oumarou Chinmoun, Secretary General of the Cameroonian Ministry of…

African Development Bank Group (AfDB)

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    • Ms. Fanta Njifondjou Oumarou, fish farmer in Limbé, happy to have received clarias broodstock
    • Simplice Nouma Mendel, a beneficiary living in Douala, talks to the monitoring team next to her fish tank
    • A net of clarias broodstock during distribution in Douala
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Source: African Development Bank Group (AfDB) |

Cameroon: Fish farming makes a difference in the fight to improve living standards

This transformation has been driven by a strain of the African catfish (clarias), which has the advantages of rapid growth, low fat content, and low mortality

Along the coast and in south-western regions of Cameroon, fish ponds have become not only centres of production but also hubs of opportunity and economic transformation. A new dynamic is bringing hope to fish farmers, including young people and women, thanks to the Livestock and Fish Farming Value Chain Development…

African Development Bank Group (AfDB)

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    • Sidi Ould Tah Assumes Office as 9th President of the African Development Bank Group (1)
    • Sidi Ould Tah Assumes Office as 9th President of the African Development Bank Group (2)
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Source: African Development Bank Group (AfDB) |

Sidi Ould Tah Assumes Office as 9th President of the African Development Bank Group

Dr. Ould Tah, 60, who hails from the Islamic Republic of Mauritania, was elected on 29 May 2025 with over 76% of shareholder votes—the highest margin for a first-term president in the Bank's history

History was made today when Dr. Sidi Ould Tah was sworn-in, as the ninth President of the African Development Bank Group (AfDB) (www.AfDB.org).   At exactly11:04 Abidjan time, on a rainswept Monday morning, Dr. Sidi took his oath-of-office, at the helm of Africa’s premier development finance institution succeeding Dr Akinwumi A.…