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African Development Bank Group (AfDB)

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    • l-r AfDB Vice President for Private Sector, Infrastructure & Industrialization, Solomon Quaynor and Mr. Shoji Yamada, Representative Director and President, JGC Corporation sign agreement in Yokohama. August 2025
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Source: African Development Bank Group (AfDB) |

African Development Bank and JGC Corporation sign agreement to advance use of sustainable aviation fuel and Africa’s green aviation agenda

The production and adoption of SAF in Africa is consistent with the Bank’s sustainable transport and mobility and energy transition strategy

 The African Development Bank (www.AfDB.org) and JGC Corporation, a leading Japanese engineering company, have signed an agreement to explore cooperation in the development of sustainable aviation fuel (SAF)in Africa. The two parties signed a Letter of Intent to this effect on the sidelines of the Ninth Tokyo International Conference on…

African Development Bank Group (AfDB)

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    • Ethiopian Airlines Chief Commercial Officer, Lemma Yadecha (4th from L) and African Development Bank Group President, Dr. Akinwumi Adesina (4th from R), hold the signed mandate letter designating the Bank as mandated lead arranger for the Bishoftu International Airport in Ethiopia, set to be Africa’s largest airport by 2029
    • Ethiopian Airlines Group Chief Commercial Officer Lemma Yadecha and African Development Bank Group President, Dr. Akinwumi Adesina, sign a Mandated Lead Arranger agreement authorizing the Bank to mobilize up to $8 billion in financing for the new Bishoftu International Airport
    • “Speed and scale are now the hallmarks of Ethiopia. And scale is what we are signing onto today – a testament to the power of vision, determination and resolve to put Africa at the top,” said the Bank chief
    • Ethiopian Airlines Group Chief Commercial Officer, Lemma Yadecha, presented the Bishoftu International Airport project to event participants, outlining scheduled construction timelines, current progress and estimated costs
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Source: African Development Bank Group (AfDB) |

The $10 Billion Mega-Airport Financing Partnership Between Ethiopian Airlines and African Development Bank Takes Off

New Bishoftu international airport will be a game changer for air transport in Africa and globally — Adesina

Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a monumental signing ceremony marking the African Development Bank’s role (www.AfDB.org) as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly $8 billion of the…

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

Remarks by Dr. Akinwumi A. Adesina President and Chairman, Boards of Directors, African Development Bank Group at the Signing Ceremony for Mandated Lead Arranger New Bishoftu Airport of Ethiopia

The phase one of the Bishoftu airport will handle 60 million passengers per annum, which will rise to 110 million passengers per annum, in phase 2

Protocols  Honorable Minister of Finance and Governor of Ethiopia to the African Development Bank Group, Ahmed Shide.  Honorable Ministers and senior officials of the Government of Ethiopia.  Honorable Ministers, including the Honorable Minister of Finance for Malawi, Simplex Banda.  The Chairman of the Board of Directors of the Ethiopian Airlines…

African Development Bank Group (AfDB)

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    • President Samia Suluhu Hassan and Bank Group President Adesina assess construction progress of the Msalato International Airport
    • President of Tanzania, Samia Suluhu Hassan addresses the community during a tour of Bank-funded transport projects in Dodoma with Bank Group President, Dr. Akinwumi Adesina, with his wife Grace Adesina, on 14 June 2025
    • “These [Bank] projects address the realities of Dodoma’s fast-rising population and the increasing demand for efficient transport,” President of Tanzania said during the Dodoma Outer Ring Road Commissioning Ceremony, on 14 June 2025
    • Adesina cannot hide his emotion upon hearing the Dodoma Outer Ring Road will be named after him during its commissioning ceremony
    • A section of the Dodoma Outer Ring carriageway, now named after Dr Adesina
    • Mama Samia and the crowd laugh and cheer as Adesina speaks Kiswahili during the Dodoma Ring Road commissioning ceremony (1)
    • Mama Samia and the crowd laugh and cheer as Adesina speaks Kiswahili during the Dodoma Ring Road commissioning ceremony (2)
    • Dr Adesina with the Class of 2025 University Dar es Salaam doctoral graduates, after being awarded a Doctor of Science Honorary Degree
    • Tanzania celebrates and honors Akinwumi Adesina’s impactful legacy as President of the African Development Bank
    • Adesina and Former President of Tanzania, Jakaya Kikwete, enjoy a 3-hour ride from Dar es Salaam to Dodoma on the Standard Gauge Railway
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Source: African Development Bank Group (AfDB) |

Tanzania celebrates and honors Akinwumi Adesina’s impactful legacy as President of the African Development Bank

President Suluhu Hassan names 112-kilometer iconic highway after Adesina

The Government of the United Republic of Tanzania, on 14 June, has honored the President of the African Development Bank Group (www.AfDB.org) Dr Akinwumi Adesina describing him as “a visionary leader, a tireless son of Africa who has dedicated his life to transform the narrative of the continent.” President Samia…

African Development Bank Group (AfDB)

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    • Ethiopian Airlines Group CFO Mensfin Tasew (left) and AfDB Vice President Nnenna Nwabufo display copies of the signed letter of intent. Standing behind them are Ethiopia’s Finance Minister Ahmed Shide (left) and Bank Group President Dr. Akinwumi Adesina (in bow tie)
    • AfDB Group President Adesina examines an Ethiopian Airlines model aircraft presented by Finance Minister Shide, with Bank Vice President Nwabufo in attendance
    • Ethiopian and AfDB executives in solidarity for the new $7.8 billion Abusera International Airport project
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Source: African Development Bank Group (AfDB) |

Ethiopian Airlines Group and African Development Bank sign Letter of Intent for financing of world-class Abusera International Airport

The new Abusera International Airport will complement Ethiopia’s recently expanded Bole International Airport, which is expected to reach its annual 25 million passenger capacity limit soon

The African Development Bank (www.AfDB.org) and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project. The $7.8 billion project aims to address increasing passenger and cargo demands, reinforce Ethiopia’s position as a leading aviation hub, and stimulate…

African Development Bank Group (AfDB)

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    • From left to right, 1st row: Boitumelo Mosako, CEO, Development Bank of Southern Africa; Olusegun Obasanjo, former President of Nigeria; Jean-Jacques Bouya, Congo’s Minister of Spatial Planning and Major Projects; Julius Maada Bio, President of Sierra Leone; African Development Bank President Akinwumi Adesina and his wife Grace; Omar Kabbaj, adviser to King Mohammed VI; Azali Assoumani, President of the Union of Comoros and Chairperson of the African Union; Samia Suluhu Hassan, President of Tanzania; Édouard Ngirente, Prime Minister of Rwanda; Chinelo Anohu, Senior Director, Africa Investment Forum. 2nd row, from 2nd left: Roger Stuart, European Investment Bank; Benedict Oramah, President, Afreximbank; Nadia Fettah Alaoui, Morocco’s Minister of Economy and Finance; Hani Salem Sonbol CEO, International Islamic Trade Finance Corporation (IsDB Group).
    • Omar Kabbaj delivering King Mohammed VI’s message to Africa Investment Forum participants.
    • The continent is not as risky as perceived—Akinwumi Adesina
    • “There are enormous opportunities for the development of value chains in Africa”—Azali Assoumani
    • “We need to invest in the continent’s connectivity”—Samia Suluhu Hassan
    • “How we turn obstacles into opportunities is the most important thing”—Julius Maada Bio
    • There is scope for African and Caribbean people to partner in a range of spheres including pharmaceutical development and tourism—Mia Mottley
    • “We need action now”—Édouard Ngirente
    • Africa needs bold Innovative Initiatives to Unleash the Full Potential of the Continent—King Mohammed VI of Morocco
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Source: African Development Bank Group (AfDB) |

Africa needs bold Innovative Initiatives to Unleash the Full Potential of the Continent—King Mohammed VI of Morocco

The Market Days, an initiative of the African Development Bank and seven other co-founding partners, is taking place in Marrakech, Morocco over the next three days

Morocco’s King Mohammed VI opened the 2023 Africa Investment Forum Market Days on Wednesday with a call for Africans to work together to attract the levels of private investment needed to drive the continent’s inclusive development. The Market Days, an initiative of the African Development Bank and seven other co-founding partners,…

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

African Development Bank commits over $23 million to Rwanda’s new Aviation Centre of Excellence

The project will boost Rwanda’s ambition to become a regional aviation hub and draw international investment from the aviation industry

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a $23.6 million loan for the construction and equipment of a new aviation training facility in the Rwandan capital, Kigali. The proposed Centre of Excellence for Aviation Skills (CEAS), including an aircraft hangar, will partner with higher…

African Development Bank Group (AfDB)

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    • African Development Bank teams up with airplane manufacturers Airbus, ATR to boost African commercial aviation
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Source: African Development Bank Group (AfDB) |

African Development Bank teams up with airplane manufacturers Airbus, ATR to boost African commercial aviation

The workshops featured discussion of bank financing instruments, including guarantee products, the bank’s approach to credit risk assessments and the outlook for Africa’s aircraft market

The African Development Bank (www.AfDB.org) has held workshops with aircraft manufacturers Airbus and ATR to explore ways of strengthening access to finance for African airlines. The sessions, held on 14 and 15 June, will support the Bank’s efforts to develop and adapt financing instruments to the continent’s aviation needs, boosting its…

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

Kenya: €188m African Development Bank loan to boost COVID-19 response

The loan will extend additional resources to Kenya as the country takes steps to contain the spread of the pandemic and deal with its unprecedented impact

The Board of Directors of the African Development Bank (www.AfDB.org) today approved an €188 million loan to support the Government of Kenya’s efforts to respond to the COVID-19 pandemic and mitigate the related economic, health and social impacts. The loan will extend additional resources to Kenya as the country takes…

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

“You have been in the trenches with us,” Ghana Vice President Mahamudu Bawumia tells African Development Bank

Ghana is looking to the Bank for investment in an integrated aluminium industry, using the country’s large bauxite deposit as raw materials

The African Development Bank’s (www.AfDB.org) support for the west African nation Ghana has boosted its government’s efforts to consolidate the economy, the country’s Vice President, Mahamudu Bawumia said on Monday. Bawumia, welcoming a team of Executive Directors and senior officials of the Bank on an official visit, cited various Bank-supported…