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African Development Bank Group (AfDB)

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    • Italy reaffirms its support for the African Development Bank under the Mattei Plan. Marie-Laure Akin-Olugbade, Senior Vice President of the Bank Group (2nd from left), received an Italian delegation on May 8, 2025, at the institution's headquarters in Abidjan
    • Marie-Laure Akin-Olugbade, Senior Vice President of the Bank Group
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Source: African Development Bank Group (AfDB) |

Italy affirms Partnership with African Development Bank under the Mattei Plan

Under the Mattei Plan for Africa, Italy aims to foster economic and strategic partnerships with African nations and institutions

Italy has reaffirmed its partnership with the African Development Bank (www.AfDB.org) and expressed keenness to explore mutual growth opportunities in Africa under the Mattei Plan.  Stefano Gatti, Director General for Development Cooperation at the Ministry of Foreign Affairs and International Cooperation (FAIC) and Lorenzo Ortona, Head of the Mattei Plan…

African Development Bank Group (AfDB)

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    • Group Photo of Senior officials from the Islamic Development Bank and the African Development Bank who participated in the technical meeting. They include Yero Baldeh, Director of the Transition States Coordination Office at the AfDB (sixth from left) and Ahmed Berthe, leader of the IsDB delegation (8th from left)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Islamic Development Bank Forge Strategic Partnership to Address Fragility and Build Resilience in Africa

The partnership will help develop integrated approaches that address immediate needs and build long-term resilience for both institutions

The African Development Bank (www.AfDB.org) and the Islamic Development Bank (IsDB) have reinforced their strategic partnership to enhance collective efforts in addressing fragility and building resilience across Africa. This commitment follows a high-level technical exchange held from 22-23 April at the Bank headquarters in Abidjan. The two-day mission brought together…

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

From Aid to Investment: Africa Investment Forum Builds $225B Momentum in Making Continent Bankable

Partners Set Stage for Expanded 2025 Market Days Following Last Year's Record $29.2B in Investment Interest

Buoyed by last year’s successful Africa Investment Forum’s Market Days that generated $29.2 billion of investment interest, its nine founding partners are bracing for an even bigger and better event later this year. The 2024 Africa Investment Forum Market Days attracted more than 2,300 investors and participants from 83 countries…

African Development Bank Group (AfDB)

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    • President Adesina (center in blue suit), Vice President Kashim Shettima (to his left in beige traditional attire) lay the foundation for the $538 million Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, marking a milestone in Nigeria’s journey to become a food export leader through agro-industrialization
    • Vice President Kashim Shettima, African Development Bank President Dr. Akinwumi Adesina, Governor Bassey Out, and other dignitaries unveil the plaque for the Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, harnessing the state’s ports to boost global trade in cocoa and cassava
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Source: African Development Bank Group (AfDB) |

Nigeria’s Cross River State second to commence construction of its Special Agro-Industrial Processing Zone

The African Development Bank Group has committed $934 million to SAPZs in 11 African countries

Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina broke ground at the project site on Thursday 10 April. The SAPZ aims to tackle food insecurity, enhance…

African Development Bank Group (AfDB)

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    • AfDB Manager Mohamadou Ba (second from right) with Gates Foundation Program Officer Thao Hong (far left), the French Treasury's Clarisse Senaya (second left), AFD's Head of Financial Systems Audrey Brule-Françoise (center left), AfDB Principal Officer Mariam Yeo-Dembele (center right) and ADFI Communications lead Louise Simpson (far right)
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Source: African Development Bank Group (AfDB) |

Agence française de développement commits additional €3 million to Africa Digital Financial Inclusion Facility to boost digital financial inclusion

The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg

The Agence française de développement (AFD) has committed an additional €3 million to the African Development Bank (www.AfDB.org) -managed Africa Digital Financial Inclusion Facility (ADFI) (https://apo-opa.co/4iXF6xK) to accelerate financial inclusion in Africa.  The increase brings AFD’s total funding to over €5 million. The resources will support the ADFI partnership in…

African Development Bank Group (AfDB)

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    • African Development Bank’s Tanzania Country Manager, Patricia Laverley (right), and BOAT’s Deputy Managing Director, Hamza Cherkaoui, display signed copies of the $7.5 million trade finance transaction guarantee agreement
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Source: African Development Bank Group (AfDB) |

African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance

The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector

The African Development Bank (www.AfDB.org) and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania. Under this facility, the African Development Bank will provide a guarantee of up to 100% to…

African Development Bank Group (AfDB)

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    • Participants at the signing of a tripartite agreement for a drone-driven initiative to strengthen disaster preparedness in Mozambique
    • From left to right: Mr. Changmoon Yang, MD of Busan Techno Park, South Korea; Mozambique’s Minister of Communication and Digital Transformation; and Akposso Marcelle, Division Manager, AfDB, at the signing of a tripartite agreement for a drone-driven initiative to strengthen disaster preparedness in Mozambique
    • A prototype drone for an initiative to strengthen disaster preparedness in Mozambique
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Source: African Development Bank Group (AfDB) |

African Development Bank and Mozambique launch drone-based initiative to strengthen country’s disaster preparedness

The Drone-Based Disaster Management Project will establish a drone training centre in Mozambique to train 30 professionals, including 10 instructors

The African Development Bank (www.AfDB.org), the government of Mozambique, and Korea’s government agency Busan Technopark have launched an innovative drone-driven initiative to strengthen disaster preparedness in Mozambique, a country frequently hit by floods, mudslides, cyclones, and other weather-related crises.   The launch event took place in Maputo, on Thursday, April 3.  …

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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    • Africa’s Green Growth Agenda: Unlocking Opportunities for a Climate-Resilient Future
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Source: African Development Bank Group (AfDB) |

Africa’s Green Growth Agenda: Unlocking Opportunities for a Climate-Resilient Future

By leveraging platforms like AGES, Africa can strengthen partnerships, unlock funding, and implement policies that drive a sustainable and resilient future

The African Development Bank Group (www.AfDB.org) participated in the third edition of the Africa’s Green Economy Summit (AGES) (https://apo-opa.co/4izmWCf) in Cape Town, South Africa, from 18 – 21 February, 2025. The annual Summit, hosted by the African Union, brought together policy makers, stakeholders, private sector and experts who discussed Africa’s…

African Development Bank Group (AfDB)

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    • Mano River Union delegation with women traders on the Busia border (in pink)
    • A Liberian woman trader (in jacket) engages the One-Stop-Border point management on the Kenya side
    • A delegation of the study tour, comprising women traders and border officials from Liberia and Sierra Leone, as well as representatives from the African Development Bank at the One-Sto- Border-Post in Busia
    • Bank and BIBEST project staff engaging a Kenyan female mechanic, who is also a cross border trader in Busia
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Source: African Development Bank Group (AfDB) |

Mano River Union Delegation Studies Successful Border Post Model to Enhance Women’s Cross-Border Trade

The delegation held discussions with Kenya’s Ministry of Investments, Trade and Industry, the National AfCFTA Committee, TradeMark Africa, Busia Border management authorities, and local women cross-border traders

A Mano River Union (MRU) delegation recently concluded a successful study tour of the ‘Busia One Stop Border Post’ (OSBP) between Kenya and Uganda, gaining valuable insights into efficient cross-border trade systems that benefit women traders. The tour brought together women traders and border officials from Liberia and Sierra Leone,…