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African Development Bank Group (AfDB)

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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…

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

African Development Bank Group and Africa50, in partnership with the African Union Commission and AUDA NEPAD, to create Alliance for Green Infrastructure in Africa with global partners

The key challenge for infrastructure development on the African continent is the dearth of bankable opportunities

The Alliance will: catalyze bankable, greener infrastructure projects at scale and speed; raise up to $500 million of early-stage project development and project preparation capital which aims to generate up to $10 billion in investment opportunities; support the continent’s transition to Net Zero emissions with investments in greener, climate-resilient and…