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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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    • Seminar on business opportunities at the African Development Bank in Brazzaville on 24 September, with more than 100 Congolese companies participating
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Source: African Development Bank Group (AfDB) |

Republic of Congo – Local businesses are better informed about procurement procedures and ready to seize business opportunities with the African Development Bank

Following the seminar, more than 100 companies across various sectors were added to the Bank's supplier database, an important step before the opening of the service procurement contracts for the Annual Meetings

Employees of over 100 Congolese companies received training in the African Development Bank’s rules (www.AfDB.org) and procedures during an information and awareness seminar held in Brazzaville on 24 September 2025. The event forms part of the preparations for the Bank Group's Annual Meetings scheduled to take place in Brazzaville in…

African Development Bank Group (AfDB)

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    • The signed contract is displayed by (right to left) Economy and Finance Minister Sid'Ahmed Ould Bouh, Energy and Petroleum Minister Mohamed Ould Khaled, and Moulay El Arby, Director of Ewa Green Energy, in the presence of project stakeholders and energy sector officials
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Source: African Development Bank Group (AfDB) |

Mauritania signs $300 million Independent Power Producer (IPP) deal for hybrid solar-wind plant under Desert to Power initiative

The project marks a milestone in the country’s drive to expand electricity generation through private financing while accelerating its transition to renewables

Mauritania has signed its first independent power producer contract, a $300 million agreement with Iwa Green Energy to develop a 60-megawatt hybrid solar-wind power plant. The project marks a milestone in the country’s drive to expand electricity generation through private financing while accelerating its transition to renewables. The facility, scheduled…

African Development Bank Group (AfDB)

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    • Paula Santos Da-Costa, the Director of PIAC and Advocate Andy Mothibi
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Source: African Development Bank Group (AfDB) |

African Development Bank Group’s Office of Integrity and Anti-Corruption partners with Special Investigations Unit of South Africa to combat financial crime and strengthen anti-corruption efforts in Africa

The agreement specifies key areas of collaboration: technical assistance, research, capacity building and training programs

The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) (www.AfDB.org) and the Special Investigations Unit (SIU) of South Africa have signed a Memorandum of Understanding establishing a framework for cooperation between the two organizations for information sharing and capacity building. The agreement was signed on 3rd July 2025, in…

African Development Bank Group (AfDB)

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    • Sidi Ould Tah, President of the African Development Group, listened attentively to the leaders of African employers' associations
    • The President of the African Development Group, Sidi Ould Tah (6th from left), surrounded by employers' representatives from West and Central Africa and Morocco, with senior officials from the institution
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Source: African Development Bank Group (AfDB) |

African Employers Welcome a Fresh Start with the African Development Bank Group

The business leaders agreed to maintain dialogue, and open channels of communications with the Bank Group's country offices

Key representatives of Africa's private sector welcomed the prospects of a fresh start with the African Development Bank Group (https://AfDB.org/) in Abidjan on Tuesday, at a groundbreaking meeting with its President, Sidi Ould Tah. "We would like to take this opportunity to express our satisfaction at this renewed relationship with…

African Development Bank Group (AfDB)

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    • AfDB President Sidi Ould Tah urges the private sector to play a central role in the structural transformation of African economies
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Source: African Development Bank Group (AfDB) |

Africa must seize global trade disruption as 'historic opportunity,' leaders tell private sector

African leaders see the moment as critical for the continent to strengthen intra-African commerce and reduce dependence on external markets

Ivorian Prime Minister Robert Mambé and African Development Bank Group (www.AfDB.org) President Sidi Ould Tah have urged Africa’s private sector to take centre stage in the continent’s economic transformation, stressing that the current global trade disruptions present an opportunity rather than a threat. The two leaders were speaking on Monday…

African Development Bank Group (AfDB)

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    • Cameroon’s Economy Minister Alamine Ousmane Mey and AfDB Central Africa Director General Léandre Bassolé sign the agreements in Yaoundé
    • Mey and Bassolé exchange documents after signing the agreements
    • Family photo with Cameroon officials, AfDB representatives and lawmakers from the Far North region
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Source: African Development Bank Group (AfDB) |

Cameroon, African Development Bank (AfDB) sign €136 million loan deal to develop skills and entrepreneurship in Far North

The five-year programme will support technical and vocational training for 6,000 young people, create at least 5,000 jobs, 40% of them for women, and provide backing for over 500 small and medium-sized businesses

Cameroon and the African Development Bank Group (www.AfDB.org) have signed loan agreements worth €136 million to finance a programme aimed at building skills, creating jobs and modernising infrastructure in the country’s conflict-affected far north region. The agreements for the Building Capacities and Skills for Employability and Entrepreneurship in the Extrême Nord…

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

African Development Bank Group and Michael Bloomberg to Drive Private Investment into Africa

Together we will consolidate our strengths for mobilizing private sector resources and unleashing investments at scale for Africa’s development – Dr Sidi Ould Tah

The African Development Bank Group (www.AfDB.org) and Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies and Chair of the Glasgow Financial Alliance for Net Zero (GFANZ), have formed a new partnership to mobilize private sector investment across the African continent into areas that will boost jobs and development.…

African Development Bank Group (AfDB)

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    • African Development Bank Group (AfDB) approves $10 million trade finance guarantee to Exim Bank Tanzania to support Small and medium-sized enterprises (SME) and local corporates
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Source: African Development Bank Group (AfDB) |

African Development Bank Group (AfDB) approves $10 million trade finance guarantee to Exim Bank Tanzania to support Small and medium-sized enterprises (SME) and local corporates

Exim Bank is Tanzania’s fourth largest bank, with operations in Uganda, Djibouti, and Comoros

The African Development Bank Group (www.AfDB.org) Board of Directors has approved a $10 million trade finance transaction guarantee facility for Exim Bank Tanzania Limited to unlock and de-risk trade deals. The facility will provide up to 100 percent guarantees to international confirming banks against risks of non-payment. This support will…

African Development Bank Group (AfDB)

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    • African Development Bank Group Board Approves New Strategy to Drive Economic Diversification and Private Sector-led Inclusive Growth in Lesotho
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Board Approves New Strategy to Drive Economic Diversification and Private Sector-led Inclusive Growth in Lesotho

The new strategy aims to address these vulnerabilities by unlocking private sector growth, creating sustainable employment, and building stronger institutions

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a new $209 million Country Strategy Paper (CSP) for Lesotho, setting out a roadmap to accelerate the country’s transition toward economic diversification, resilience, and inclusive growth over the next five years. The approval comes at a crucial…