We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)

  • Multimedia content

  • Images (4)
    • Valdecy Urquiza, Interpol Secretary General and Dr. Akinwumi Adesina, President, African Development Bank Group
    • "As the world’s most transparent financial institution for two consecutive editions [according to Publish What You Fund's assessment of sovereign portfolios], we maintain zero tolerance for corruption and terrorism financing,” said African Development Bank Group President Dr. Akinwumi Adesina
    • “Corruption and financial crime are among the biggest obstacles to economic and social development in Africa and around the world,” said Interpol Secretary General Valdecy Urquiza
    • The African Development Bank Group was represented by members of President Adesina’s senior management team including the director of the Office of Integrity and Anti-Corruption, Ms. Paula da Costa (1st left)
  • All (4)
Source: African Development Bank Group (AfDB) |

African Development Bank Partners with Interpol to Combat Financial Crime and Strengthen Anti-Corruption Efforts in Africa

According to Interpol’s 2024 Global Financial Fraud Assessment, business email compromise, romance baiting, phishing, and other online frauds pose growing threats to Africa’s digitalized economy

The African Development Bank Group (www.AfDB.org) has taken a significant step forward in its fight against corruption and financial crime by signing a Letter of Intent with the International Criminal Police Organization (Interpol) today. The Bank Group is the first multilateral development bank to establish such a collaboration with Interpol. …

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • At the launch of the "Africa's Macroeconomic Performance and Outlook 2025" report, African Development Bank Group leaders and senior officials present copies of the report. In the front row, from left to right, Albert Muchanga, Commissioner of the African Union, Kevin Urama, Vice President of the Bank Group, Ahmed Shide, Minister of Finance of Ethiopia (far right), and Nnenna Nwabufo, Vice President of the Bank Group (2nd from left). In the second row (center), Beth Dunford, Bank Group Vice President for Agriculture, Human and Social Development; Alemayehu Taffesse of the International Food Policy Research Institute (far left); Mothae Maruping, Chairman of the Board of Directors of the African Risk Capacity Group (far right)
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank: New report highlights Africa’s strengthening economic growth amid global challenges

The continent also continues to grapple with geopolitical tensions, structural weaknesses, climate-related disasters, and prolonged conflicts in regions such as the Sahel and the Horn of Africa

Growth rates above 5 percent expected in close to half of the continent’s countries in 2025; 12 of world’s 20 fastest growing economies will be African Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according to the 2025 Macroeconomic Performance and Outlook (MEO) report…

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

African Development Bank’s Climate Action Window channels $31m to boost climate resilience in four countries

The Climate Action Window of the Bank Group’s African Development Fund seeks to mobilize $4 billion by 2025 to provide rapid and coherent access to climate finance

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved over $31 million in funding under its African Climate Action Window (CAW) to strengthen climate resilience in Sierra Leone, South Sudan, Djibouti, and Madagascar. The Climate Action Window of the Bank Group’s African Development Fund seeks to…

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

African Development Bank Partners with AXIAN Telecom to Accelerate Africa's Digital Transformation

Over $10 million will be dedicated to empowering 22,000 women entrepreneurs in Madagascar through AXIAN’s Mvola platform

The African Development Bank (www.AfDB.org) has approved a $160 million senior corporate loan to support AXIAN Telecom to expand digital access and financial inclusion in nine African countries. The loan will accelerate the modernization and expansion of AXIAN Telecom‘s network infrastructure, with a focus on 4G and 5G deployment; while…

African Development Bank Group (AfDB)

  • Multimedia content

  • Videos (1)
    • Livestream Day 1, 27 January 2025
  • Images (1)
    • Mission 300 Africa Energy Summit: Continent to connect 300 million to electricity by 2030 in new ambitious and collaborative initiative
  • All (2)
Source: African Development Bank Group (AfDB) |

Mission 300 Africa Energy Summit: Continent to connect 300 million to electricity by 2030 in new ambitious and collaborative initiative

Mission 300 will incorporate robust accountability measures, including country-specific monitoring and evaluation systems and the Africa Energy Regulatory Index to track progress

African Development Bank (www.AfDB.org), and World Bank in unprecedented collaboration to transform Africa’s Energy Access  Strong emphasis on clean cooking solutions to avoid 600,000 deaths annually due to smoke exposure Connecting 300 million Africans to electricity within the next five years is within reach through collaborative effort and commitment to implementation, participants…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • A new renewable energy platform supported by the African Development Bank and partners will serve nearly 70,000 households
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank, PowerGen, and Partners Launch Transformative Renewable Energy Platform to Scale Clean Energy Access Across the Continent

With funding secured, PowerGen is well-positioned to serve the energy needs of more than 68,000 households and reduce the cost of power for 7,000 businesses

PowerGen Renewable Energy (PowerGen) has partnered with leading international investors to establish a scalable, distributed renewable energy platform targeting the deployment of 120 MW of renewable power, including battery energy storage solutions across Africa. The platform is a collaboration between PowerGen and the Private Infrastructure Development Group (PIDG), the Danish…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The project, supported by the African Development Bank Group, will increase the rate of socio-professional integration among young people in Côte d'Ivoire
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank Group approves €139 million loan to boost youth employment in Côte d'Ivoire

The initiative targets training more than 8,700 young people, with 50 percent being women, in five strategic sectors – renewable energy, digital economy, agribusiness, blue economy, and the textile and clothing industry

The African Development Bank Group (www.AfDB.org) has approved loans totaling €139.68 million to support youth employment and entrepreneurship in Côte d'Ivoire, targeting key sectors with high job creation potential. The loan comprised of €126.32 million from the Bank Group’s commercial African Development Bank window and €13.36 million from its concessional…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (2)
    • ABN Group Chairman Rakesh Wahi (center) presenting the ‘African of the Decade’ award to Dr. Adesina (second from left) in the company of his wife, Grace (fourth from left), and Roberta Naicker, ABN Group Managing Director (far right)
    • African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award
  • All (2)
Source: African Development Bank Group (AfDB) |

African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award

The awards committee highlighted Adesina’s innovative collaborations, including leading the African Development Bank in a groundbreaking partnership with the World Bank to provide electricity access to 300 million Africans

In a milestone celebration of African leadership, Dr. Akinwumi Adesina's decade-long impact on continental development has earned him the inaugural "African of the Decade" award. The African Development Bank Group (www.AfDB.org) President received this distinguished honor (https://apo-opa.co/3DfQd5i) at last week's Africa Investment Forum in Rabat, marking a defining moment in…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • A screenshot of some of the youth entrepreneurs pitching business ideas during the virtual Africa Tech Startup Forum organized by AfDB’s Innovation and Entrepreneurship Lab
  • All (1)
Source: African Development Bank Group (AfDB) |

African Youth Tech Venture Entrepreneurs Embark on Groundbreaking Korean Innovation Tour

Financially supported by the Korea-Africa Economic Cooperation Trust Fund, the Africa Tech Startup Forum is part of the African Development Bank’s broader Jobs for Youth in Africa Strategy

Twenty promising youth entrepreneurs from African technology ventures and enterprise support organizations have embarked on a two-week study tour of the Republic of Korea, seeking investment and insights from the country’s innovative tech ecosystem. The African Development Bank Group’s (www.AfDB.org) Innovation and Entrepreneurship Lab selected these young entrepreneurs from 133…

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

African Development Bank Group to extend facilities worth $200 million and ZAR 3.6 billion to Standard Bank Group to increase trade in Africa and support Small and Medium-sized Enterprises (SMEs)

The partnership will bolster Standard Bank Group’s capital, increase support for small and medium-sized enterprises (SMEs) in South Africa and expand trade across the African continent

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in Africa. The first is a $200 million trade finance risk participation agreement (RPA) for Standard Bank of South Africa Limited; the second is a…