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African Development Bank Group (AfDB)

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    • Sierra Leone and African Development Bank Target $90 Billion in Annual Illicit Financial Flows
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Source: African Development Bank Group (AfDB) |

Sierra Leone and African Development Bank Target $90 Billion in Annual Illicit Financial Flows

The workshop sessions focused on identifying illicit financial flows, managing resource-backed lending, and developing transparent governance mechanisms

A four-day high-level seminar concluded last week with concrete recommendations to combat the estimated $90 billion that Africa loses annually to illicit financial flows, as the African Development Bank Group (www.AfDB.org) and Sierra Leone Government intensify efforts to strengthen natural resource governance. More than 70 stakeholders from government, civil society,…

African Development Bank Group (AfDB)

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    • GAFSP Senegal food security support project in the Louga Matam and Kaffrine regions
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Source: African Development Bank Group (AfDB) |

Benin: African Development Bank Approves Over $30 Million to Protect Farmers from Climate Shocks and Food Insecurity

The project strengthens the Beninese government's efforts to establish agricultural insurance, whose pilot phase is managed by Benin's National Fund for Agricultural Development (FNDA)

The Board of Directors of the African Development Bank Group  (www.AfDB.org) has approved $30.25 million in financing for a groundbreaking climate protection and agricultural sector resilience program in Benin. Thanks to this approval, Beninese farmers, particularly those in northern Benin, will no longer have to fear losing their entire harvest…

African Development Bank Group (AfDB)

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    • The Gambia: African Development Fund Approves $19.93 Million Grant to Tackle Fragility and Expand Opportunities for Rural Youth and Women
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Source: African Development Bank Group (AfDB) |

The Gambia: African Development Fund Approves $19.93 Million Grant to Tackle Fragility and Expand Opportunities for Rural Youth and Women

Youth unemployment stands at 38.6%, with women disproportionately impacted -- 1.3 unemployed women for every unemployed man

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved $19.93 million grant funding for the Resilience Building - Vulnerable Youth and Women Support Project, designed to improve access to basic social services for underserved communities in The Gambia. The initiative seeks to address the root causes…

African Development Bank Group (AfDB)

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    • President of the Republic of Liberia, Joseph Nyuma Boakai, Sr. and the President AfDB Group, Akinwumi Adesina, flanked by senior officials of the Liberian government,at the expanded Cabinet meeting in Monrovia July 22, 2025
    • President AfDB Group, Akinwumi Adesina, addressing an expanded Cabinet meeting of the Liberian government, led by President Joseph Nyuma Boakai, Sr, Monrovia July 22, 2025
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Source: African Development Bank Group (AfDB) |

Liberia salutes African Development Bank President Adesina in landmark Government session

The event served as both a celebration of partnership and a platform for Adesina to share leadership insights as he nears the end of his term in August 2025

I want you to know that your legacy in Liberia is strong and enduring, President Boakai tells Adesina “With your vast natural resources, Liberia has no business being poor.” — Adesina Liberian President Joseph Nyuma Boakai convened the full spectrum of his government leadership to hear from African Development Bank…

African Development Bank Group (AfDB)

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    • Centre: Representatives from CFCA and the African Development Bank, joined by participants of the event “Connecting Africa – The AfCFTA Path,” held on 23 July 2025 in Casablanca, Morocco
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Source: African Development Bank Group (AfDB) |

African Development Bank and Casablanca Finance City Host Strategic Dialogue to Accelerate African Economic Integration concluded by the Casablanca Call to Action

With a population exceeding 1.5 billion and a combined GDP of $3.4 trillion, Africa holds significant economic potential

The African Development Bank (www.AfDB.org) and Casablanca Finance City (CFC), Africa’s leading financial centre, have jointly organized a high-level strategic dialogue in Casablanca to accelerate private sector engagement in the African Continental Free Trade Area (AfCFTA). The dialogue, under theme “Connecting Africa – The AfCFTA Pathway,” was held on 23…

African Development Bank Group (AfDB)

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    • YEIBS Launch: President of the Republic of Liberia, Joseph Nyuma Boakai, Sr., and the President of the African Development Bank Group, Akinwumi Adesina, launch the Liberia Youth Entrepreneurship Investment Bank at a ceremony in Monrovia, July 22, 2025
    • YEIBS Launch: President of the African Development Bank Group, Akinwumi Adesina (4th from left), Bank Group Director General for West Africa, Lamin Barrow, and attendees at the launch of the Liberia YEIB
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Source: African Development Bank Group (AfDB) |

Hope for Liberia’s youth as country pioneers African Development Bank-financed Youth Entrepreneurship Investment Bank

The Youth Entrepreneurship Investment Banks will promote private sector-led inclusive economic development, by creating entrepreneurship opportunities for young Africans aged 18-35

Program will turn job seekers into job creators – Liberian President Boakai The future of Liberia’s youth cannot be left to hustling – Dr. Adesina Liberia has become the first country to launch an African Development Bank Group initiative (www.AfDB.org) that will help tackle youth unemployment among African youth. President…

African Development Bank Group (AfDB)

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    • Lusophone Compact Presents Investment Opportunities to Accelerate Inclusive Development at 15th Community of Portuguese-Speaking Countries (CPLP) Summit
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Source: African Development Bank Group (AfDB) |

Lusophone Compact Presents Investment Opportunities to Accelerate Inclusive Development at 15th Community of Portuguese-Speaking Countries (CPLP) Summit

Representing a community of more than 300 million people across four continents, with a combined GDP of $2.3 trillion in 2024, the CPLP holds immense potential for trade, investment, and inclusive economic transformation

The Lusophone Compact Secretariat last week engaged with leaders of the Community of Portuguese-Speaking Countries (CPLP) at their 15th Summit and economic forum in Bissau, Guinea-Bissau. The July 15-18 meetings provided a strategic platform to showcase the Lusophone Compact’s role in attracting private financing to accelerate sustainable economic development in…

African Development Bank Group (AfDB)

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    • Representatives of the Ivorian government, the African Development Bank, the Central Depository/Settlement Bank, the UMOA Financial Markets Authority and financial market players took part in the launch ceremony for the DIGIAPE platform
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Source: African Development Bank Group (AfDB) |

Côte d'Ivoire: The African Development Bank's Capital Markets Development Trust Fund (CMDTF) supports establishment of digital platform for public offerings

DIGIAPE is expected to reduce settlement times and enable real-time allocation of securities at close, creating a more attractive environment for international investors

The Central Depository/Settlement Bank (DC/BR) has officially launched its new digital platform for public offerings (DIGIAPE), with support from the African Development Bank (www.AfDB.org). DIGIAPE will automate primary market subscriptions in the West African Monetary Union's (UMOA) regional financial market, enhancing both the transparency and reliability of securities allocations while…

African Development Bank Group (AfDB)

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    • 115,000 ECOA induction cookers will be distributed to households across Kenya, Zambia, and Uganda with support from the Sustainable Energy Fund for Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) supports electric cooking expansion across three African nations

This program makes clean cooking appliances more affordable and accessible by prefinancing induction cookers and recovering costs through carbon credit sales in the voluntary market

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB) (www.AfDB.org), is tackling charcoal dependence in Kenya, Uganda, and Zambia with a $4 million reimbursable grant. This grant will fund the Burn Electric Cooking Expansion Program (BEEP), deploying 115,000 Burn ECOA Electric Induction Cookers to provide…

African Development Bank Group (AfDB)

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    • Clementina Artur, the woman in charge of Caboqueiro community water point (Sumbe-Angola), shows how access to clean water is transforming daily life
    • Isabel Sambovana, in front of her bathroom. She is one of the beneficiaries of the installation of latrines in the Sumbe community
    • A Massive Wastewater Treatment Plant (WWTP) constructed in Sumbe (Angola) as part of the Institutional and Sustainability Support to Urban Water Supply and Sanitation Project. Before the AFDB funding, no wastewater treatment existed in Sumbe, a city of 350,000 inhabitants
    • Helena Maindo, EPASK (Kwanza Sul Public Water and Sanitation Company) worker doing the chemical and microbiological analysis of the state of the water
    • The intern, Gilda Giza Rede, working at the Sumbe WWTP
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Source: African Development Bank Group (AfDB) |

The Power of Water: How the Angola Institutional and Sustainability Support to Urban Water Supply and Sanitation Project is Transforming Lives

The project, set to conclude in December of 2025 after a decade of implementation, has delivered remarkable results: the seven utility companies supported by the project have made a total of more than 59,008 household water connections

“Before this support, we had a lot of difficulties accessing water. We used to fetch it from the river. It was very distant for us, and we suffered from many diseases. But now, since we’ve had water available to everyone, cholera has decreased significantly, infections have decreased a lot, too,…