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African Development Bank Group (AfDB)

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    • The African Development Bank Approves Equity Investment in The Currency Exchange Fund (TCX) to Support Access to Local Currency Financing Across Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing across Africa

This strategic investment will strengthen TCX’s capital base, enhance its risk-bearing capacity, and expand its ability to offer hedging instruments in illiquid and less liquid currencies across the African continent

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved an equity investment of USD 25 million in The Currency Exchange Fund (TCX), a global leader in offering long-term local currency hedging solutions in emerging and frontier markets. This strategic investment will strengthen TCX’s capital base, enhance…

African Development Bank Group (AfDB)

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    • African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat
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Source: African Development Bank Group (AfDB) |

African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat

The NCA-COP, launched in 2020 and now comprising more than 500 members from 48 African countries

The African Development Bank Group (www.AfDB.org) has officially announced that it will host the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa NCA-CoP), strengthening its leadership role in integrating natural capital into climate-resilient development strategies across the continent.   As the new host, the Bank Group will provide…

African Development Bank Group (AfDB)

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    • Aerial view of houses submerged in Maiduguri during floods. Sept 2024 [Audu Marte/AFP]
    • Front Row (L–R): Jean-François Yao, Senior Policy Advisor, International Committee of the Red Cross (ICRC); Babarinde Segun Mukaila, Director of Water Supply and Support Services, Federal Ministry of Water Resources and Sanitation; Dr. Abdul Kamara, Director General, African Development Bank Nigeria Country Department; Mallam Bukar Tijani, Secretary to the State Government of Borno; and Doris El Doueihy, Head of Delegation, ICRC Nigeria
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank and International Committee of the Red Cross (ICRC) partner to support inclusive, resilient water services in Maiduguri

Between 2006 and 2021, Maiduguri’s population more than doubled and is projected to exceed 2.5 million by 2030, placing immense pressure on water infrastructure

The Government of Borno State, in collaboration with the African Development Bank (www.AfDB.org) and the International Committee of the Red Cross (ICRC), have convened a partnership roundtable to accelerate access to safe, sustainable, and inclusive water services in Maiduguri. The event held on Tuesday 10 September, coincided with the first…

African Development Bank Group (AfDB)

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    • (L-R) AfDB Vice President Solomon Quaynor, Kohtaro SABE President & CEO with Marco Yamaguchi, Masahide, following the signing of the LOI. Yokohama, Japan. August 2025
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Source: African Development Bank Group (AfDB) |

Ninth Tokyo International Conference on African Development (TICAD9): African Development Bank and Aerosense Inc sign Letter of Intent (LOI) to advance cooperation and projects in drone technology in Africa

Aerosense Inc.’s drone solution was selected through a call for proposals under the African Development Bank’s Sustainable Road Maintenance Program for Africa (SRMPA) in June 2025

The African Development Bank (www.AfDB.org) and Aerosense Inc have signed an agreement to advance cooperation and projects in drone technology in Africa. Aerosense Inc. is a leading Japanese company engaged in drone manufacturing. Representatives of both institutions signed a Letter of Intent on Thursday 21 August, on the sidelines of…

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

CORRECTION - Ninth Tokyo International Conference on African Development (TICAD9): Japan International Cooperation Agency and African Development Bank sign agreement to extend Enhanced Private Sector Assistance initiative for $5.5 billion

The EPSA non-sovereign operations component helps finance the Bank’s private sector operations through a line of credit from JICA to the Bank on concessional terms

The Japan International Cooperation Agency (JICA) and the African Development Bank (www.AfDB.org) on Thursday signed a Memorandum of Understanding launching the sixth phase of the Enhanced Private Sector Assistance (EPSA6) agreement, which provides a framework for critical resource mobilization and development partnership for African countries. Under EPSA6, the Bank and…

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

Ninth Tokyo International Conference on African Development (TICAD9): Japan and African Development Bank sign agreement to extend Enhanced Private Sector Assistance for $5.5 billion sixth phase

The EPSA non-sovereign operations component helps finance the Bank’s private sector operations through a line of credit from JICA to the Bank on concessional terms

The government of Japan and the African Development Bank (www.AfDB.org) on Thursday signed a Memorandum of Understanding launching the sixth phase of the Enhanced Private Sector Assistance (EPSA6) agreement, which provides a framework for critical resource mobilization and development partnership for African countries. Under EPSA6, the Bank and JICA will…

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

Tokyo International Conference on African Development (TICAD9): African Development Bank to focus on partnerships and investment at 9th Tokyo International Conference on African Development

The African Development Bank stands as a key driver of this transformation for the continent, leveraging its leadership to mobilise international support, particularly from Japan

The African Development Bank (www.AfDB.org) will participate in the 9th Tokyo International Conference on African Development (TICAD9) (https://apo-opa.co/4fLythd) taking place in Yokohama, Japan from 20-22 August. This year’s conference takes place at a critical time as Africa seeks to close investment gaps and build resilience to global economic and climate shocks.…

African Development Bank Group (AfDB)

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    • Group photo of African women entrepreneurs’ associations and workshop participants
    • Presentation of the study report to representatives of Mauritanian women entrepreneurs’ associations
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Source: African Development Bank Group (AfDB) |

African Development Bank Unveils Groundbreaking Mapping of Women Entrepreneurs’ Associations in Africa

The study shows that while nearly one in four African women is an entrepreneur, 87 percent of women’s associations lack financial management capacity

The African Development Bank (www.AfDB.org) has unveiled the findings of a first-of-its-kind study mapping women entrepreneurs’ associations across sixteen African countries, revealing significant capacity gaps that hinder their economic impact. Launched on 6 August in Nouakchott, the study shows that while nearly one in four African women is an entrepreneur,…

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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) |

African Development Bank backs Artificial Intelligence (AI) training to boost Agenda 2063 implementation across Africa

The training is part of broader efforts to enhance institutional and human capacity across the continent

The African Development Bank (www.AfDB.org) is supporting a new Artificial Intelligence (AI) training initiative to advance the implementation of Africa’s continental development blueprint, Agenda 2063: The Africa We Want (http://apo-opa.co/4miWmzo). Through its Joint Secretariat Support Office (JSSO), the Bank provided technical and financial backing for the 5th Annual Training Workshop for…