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African Development Bank Group (AfDB)

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    • Dr Beth Dunford, Vice President, Agriculture, Human & Social Development presents the Bank's initiatives for SDG 6 and climate action
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP28): Heads of Multilateral Development Banks explore closing nature and water financing gap

The African Development Bank has pledged to quadruple its financing for climate adaptation to reach $25 billion by 2025 through promoting climate-smart investments

Heads of multilateral development banks attending the 2023 global climate change conference, COP28, on Tuesday committed to scale resource mobilisation to close the nature and water sector financing gap. At a high-level panel moderated by Lord Zac Goldsmith, former UK Minister for Climate and Environment, the banks shared views on…

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

Conference of Parties (COP28): Global and African partners pledge $175m to the Alliance for Green Infrastructure in Africa (AGIA)

The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent

In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure…

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

Egypt issues Africa’s first Sustainable Panda Bond worth 3.5 billion RMB backed by African Development Bank and Asian Infrastructure Investment Bank

Egypt will use the bond proceeds for inclusive growth and green objectives under its Sovereign Sustainable Financing Framework

Egypt has successfully issued a 3-year Sustainability Panda Bond worth RMB 3.5 billion ($478.7 million). The North African nation is the first on the continent to do so, a move that underscores its commitment to access previously untapped sources of capital to drive economic growth. The African Development Bank and the…

African Development Bank Group (AfDB)

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    • “Good time for Asia businesses to invest in Africa ”, experts say, as African Development Bank presents the 2023 edition of its flagship African Economic Outlook report to Asian markets
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Source: African Development Bank Group (AfDB) |

African Economic Outlook 2023: Opportunities abound for Asian investors in Africa, experts

The African Development Bank organized the session jointly with the Korea Institute for International Economic Policy (KIEP) in Sejong-Si, Korea

Africa offers vast investment opportunities for Asian countries with the appropriate incentives for their private sectors, Prof. Kevin Urama, Chief Economist and vice president of the African Development Bank Group (https://www.AfDB.org/fr), has affirmed. Urama made the call during a webinar to discuss the 2023 edition of the African Economic Outlook…

African Development Bank Group (AfDB)

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    • AfDB Senior Vice President, Bajabulile Swazi Tshabalala pose with Japanese Ambassador to CI Katsuya Ikkatai and diplomats of the Japanese embassy and African Development Bank staff; Abidjan, Friday 17 February 2023
    • L-R - Japan's Ambassador to Côte d'Ivoire Katsuya Ikkatai and AfDB Senior Vice President, Bajabulile Swazi Tshabalala, following signing of exchange of notes for private sector loan; Abidjan, Friday 17 February 2023
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Source: African Development Bank Group (AfDB) |

African Development Bank Group and Japan sign exchange of notes for $350 million private sector assistance loan to finance Bank’s private sector operations

The loan agreement, to the tune of JPY 44.1 million or $350 million, carries an interest rate of 0.11 % and a repayment period of 30 years, with a grace period of 10 years

The African Development Bank (www.AfDB.org) and Japan have signed an exchange of notes for an eighth private sector assistance loan from Japan to finance the Bank’s private sector operations. The loan agreement, to the tune of JPY 44.1 million or $350 million, carries an interest rate of 0.11% and a…

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    • From left to right: Japan’s Vice-Minister of Finance for International Affairs, Masato Kanda; African Development Bank President, Akinwumi Adesina; Japan International Cooperation Agency President, Akihiko Tanaka
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Source: African Development Bank Group (AfDB) |

Japan and the African Development Bank announce up to $5 billion in support for Africa’s private sector

The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held Sunday 28 August 2022 in the Tunisian capital, Tunis

The government of Japan and the African Development Bank (www.AfDB.org) have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA) from 2023 to 2025. The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held…

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    • Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say
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Source: African Development Bank Group (AfDB) |

Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say

Participants said India and Africa should boost efforts to improve access to medicines, including vaccines and other essential drugs to tackle Covid-19 and future pandemics

The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership (https://bit.ly/3rgmnDG) affirmed. Speaking at the virtual event’s opening, Subrahmanyam Jaishankar,…

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

Korea to channel $600 million into energy investments alongside the African Development Bank

The Korea-Africa Energy Investment Framework (KAEIF) pact follows the signing on 28 May 2021 of a General Cooperation Agreement between the Bank and the Korean government

The African Development Bank (www.AfDB.org), the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank. The Korea-Africa Energy Investment Framework (KAEIF) pact follows the signing on…

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

African Development Fund: Japan, African Development Bank Group, sign JPY 73.6 billion loan agreement

The concessional donor loan will support the 15th replenishment of the African Development Fund, approved in December 2019 by ADF donor countries

The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF) – the concessional arm of the African Development Bank Group (www.AfDB.org) – on Tuesday signed a loan agreement of 73.6 billion Japanese yen ($668.1 million) to support the 15th replenishment of the African Development Fund (ADF-15). During a…

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

Indo-Africa Summit panel calls for strong Public-Private Partnerships (PPPs) to close Africa’s infrastructure gap, strengthen trade

The three-day event, which took place virtually from 4 to 6 November, drew lessons from India’s public-private partnership experience, which some speakers described as a good model for Africa

Panelists at the IMC Indo-Africa Summit called for stronger public-private partnerships to close Africa’s infrastructure gap and speed up intra-continental and world trade. The three-day event, which took place virtually from 4 to 6 November, drew lessons from India’s public-private partnership experience, which some speakers described as a good model…