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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)

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    • Angolan President João Manuel Lourenço(right) shakes hands with AfDB head Dr. Akinwumi Adesina who paid an official visit on September 20, 2024
    • President Akinwumi Adesina on site at the Science and Technology Park (STP)
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Source: African Development Bank Group (AfDB) |

African Development Bank pledges more support for Angola’s rapidly reforming economy

African Development Bank will support Angola’s request for a two-year budget support operation of about $160 million for 2024, with a second tranche scheduled for 2025

In recent talks between Angola’s President João Manuel Lourenço and African Development Bank Group (www.AfDB.org) head Dr Akinwumi Adesina, the two leaders discussed a wide range of measures introduced by the Angolan government to rapidly transform the economy. The reforms include diversifying away from oil, promoting private sector, tackling the…

African Development Bank Group (AfDB)

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    • AfDB Vice President Marie-Laure Akin-Olugbade (right) meets with Angolan Minister for Agriculture and Forestry, Dr António Francisco de Assis ( centre) and AfDB Country Manager for Angola Pietro Toigo during an official visit. Angola, June 2024
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Source: African Development Bank Group (AfDB) |

Angola: African Development Bank Vice President Akin-Olugbade on mission to boost development impact

The parties discussed the cooperation between Angola and the Bank and its priorities, which focus on accelerating economic diversification and job creation

African Development Bank (www.AfDB.org) Vice-President for Regional delivery, Integration and Business Delivery, Marie-Laure Akin-Olugbade has completed a mission to Angola in which she held several strategic, high-level dialogue sessions with authorities of the country. The talks provided the foundation for the implementation of the Bank’s new 2024-2029 Country Strategy Paper.…

African Development Bank Group (AfDB)

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    • The African Development Bank is providing significant financial support to Angola to strengthen agricultural policy and the business environment to improve food production and contribute to economic diversification
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Source: African Development Bank Group (AfDB) |

Angola: African Development Bank approves $105-million loan to improve the productivity of smallholdings and reduce food imports

The programme is intended to strengthen agriculture policy and the business environment to improve food production and contribute to economic diversification

Meeting in Abidjan on 13 December 2023, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $105.19 million to Angola to implement the Agriculture Sector Reform Programme. The programme is intended to strengthen agriculture policy and the business environment to improve food production and…

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    • African Development Bank joins global partners to raise financing for $1.6 bn multinational Lobito Transportation Corridor programme
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Source: African Development Bank Group (AfDB) |

African Development Bank joins global partners to raise financing for $1.6 bn multinational Lobito Transportation Corridor programme

The MoU, signed Thursday 27 October, outlines the partners' intentions to collaborate across multiple sectors to realise the full economic potential of the corridor

The African Development Bank (www.AfDB.org) has signed a Memorandum of Understanding (MoU), joining global partners to mobilise resources for the Lobito Corridor and the Zambia-Lobito rail line in southern and central Africa. Other signatories included the United States government, the European Commission, the Africa Finance Corporation (AFC), and the host…

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    • Angola: African Development Bank Group, Angola sign two loan agreements worth $124.4 million to finance sanitation project for coastal towns
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Source: African Development Bank Group (AfDB) |

Angola: African Development Bank Group, Angola sign two loan agreements worth $124.4 million to finance sanitation project for coastal towns

The Coastal Towns Inclusive Sanitation Project is part of the Angolan government’s efforts to improve water and sanitation service delivery in the country

The African Development Bank Group (www.AfDB.org) on Tuesday signed two loan agreements with the Government of Angola to improve access to climate-resilient and sustainable sanitation services in four coastal towns serving a combined population of 1.4 million. The agreements - for a $75 million loan from the African Development Bank and…

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    • Improving access to sanitation services is crucial to meeting the health demands of the rising population in Angola
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Source: African Development Bank Group (AfDB) |

African Development Bank and Africa Growing Together Fund commit $124.4 million to improve sanitation in Angola’s coastal towns

The funds will help Angola to improve access to climate-resilient and sustainable sanitation services in the coastal towns of Benguela, Baía Farta, Catumbela, and Lobito

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $75 million loan to Angola to finance the first phase of the country’s Coastal Towns Inclusive Sanitation Project. The Africa Growing Together Fund (AGTF), sponsored by China and administered by the Bank, has also approved $49.4…

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

Angola: African Development Bank Group approves $10million Trade Finance Transaction Guarantee to Banco Fomento de Angola S.A. (BFA)

Leveraging BFA’s strategic footprint in Angola, this guarantee will provide support to Small and Medium sized Enterprises, including women-led businesses

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million Trade Finance Transaction Guarantee (TG) to Banco Fomento de Angola S.A. (BFA). Leveraging BFA’s strategic footprint in Angola, this guarantee will provide support to Small and Medium sized Enterprises, including women-led businesses. The move will…

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    • Participants in a group photograph at the end of the RASME Project launch in Angola
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Source: African Development Bank Group (AfDB) |

Angola launches Information and Communications Technology (ICT) initiative for remote monitoring and evaluation of development projects

RASME is a set of real-time digital data-gathering tools and processes that enable the Bank, its clients and development partners to better prepare projects

The African Development Bank (www.AfDB.org) has rolled out the Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) project in Angola, following a three-day training session in the capital, Luanda. RASME is a set of real-time digital data-gathering tools and processes that enable the Bank, its clients and development partners to better…

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    • H.E. Vera Daves de Sousa, Minister of Finance and Governor of the African Development Bank for Angola and Leila Mokaddem, Director General for Southern Africa of the African Development Bank
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Source: African Development Bank Group (AfDB) |

Angola: African Development Bank Group notes country’s outstanding economic and fiscal reforms

Mokaddem visited Angola from 8 to 9 November 2022 where she met with members of the government in key portfolios

At the end of a three-day official visit to Angola, African Development Bank Group’s (www.AfDB.org) Director General for Southern Africa Leila Mokaddem has commended the Lusophone nation for its ongoing economic reforms. Mokaddem visited Angola from 8 to 9 November 2022 where she met with members of the government in key…