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African Development Bank Group (AfDB)

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    • Energy transition programme beneficiaries install solar panels in a South African community
    • Three young women participate in a National Business Initiative skills training program, gaining practical trade skills to support South Africa's economy
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Source: African Development Bank Group (AfDB) |

African Development Bank awards $1 million grant to support green skills development for South Africans, with focus on youth

The National Business Initiative, an independent, business movement of nearly 100 South African and multi-national companies, will implement AfDB’s $1 million FAPA grant

The African Development Bank (www.AfDB.org), through the Fund for African Private Sector Assistance (FAPA), has awarded a $1 million grant to South Africa’s National Business Initiative (NBI) to strengthen efforts to build a dynamic, demand-led skills ecosystem that enables South Africans, particularly young people, to access emerging job opportunities in…

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

Ethiopia: African Development Bank approves $50 million Trade Finance Transaction Guarantee Facility to Awash Bank for support to Small and Medium Sized Enterprises (SMEs) and local corporates

This facility will enable the Bank to provide a guarantee of up to 100 percent to confirming banks for the non-payment risk arising from the confirmation of Letters of Credit and similar trade finance instruments issued by Awash

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $50 million Trade Finance Transaction Guarantee facility to support to trade finance activities of Awash Bank S.C. (Awash) (https://apo-opa.co/44ecHyL), in Ethiopia.   This facility will enable the Bank to provide a guarantee of up to 100 percent…

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

African leaders urge United States (U.S.) to embrace investment-driven partnerships and review tariffs

What is needed is more trade between Africa and the U.S., not less—Adesina

African leaders have called on Monday for an urgent review of U.S. tariffs on African exports, urging a shift towards transformative partnerships and investment in Africa’s economic potential. Addressing more than 2,000 government and business leaders, and other delegates at the U.S.-Africa business summit in the capital Luanda, Angolan President…

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

African Development Bank, British International Investment and European Bank of Reconstruction and Development support pioneering solar and battery storage project in Egypt with $476 million loan

The project’s blended financing of $475.6 million corresponds to approximately 80 per cent of the total estimated capital expenditure of $590 million

Egypt's first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak demand.  It is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million tons of emissions annually, supporting Egypt’s decarbonisation goals. The African Development Bank (www.AfDB.org),…

African Development Bank Group (AfDB)

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    • Left to right: Finance Minister Situmbeko Musokotwane, AfDB Vice President Nnenna Nwabufo, and Country Manager for Zambia Olaniyi Durowoju, during the foundation stone-laying ceremony for the Bank's new office building construction in Lusaka
    • The Kazungula Bridge Project, supported by the AfDB, is strengthening connectivity between Zambia and Botswana along the North-South Corridor. Photo credit/AFP
    • Workers laying heavy pipes at the Lusaka Sanitation Project—one of the many projects supported by AfDB in Zambia
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Source: African Development Bank Group (AfDB) |

African Development Bank cuts sod for construction of permanent Country Office, cementing over five-decades of partnership with Zambia

The new office design incorporates cutting-edge sustainability features and wellness-focused design

Permanent office strengthens Bank’s partnership with Zambia. African Development Bank has financed and facilitated major projects at country and continent level to support regional integration - Finance Minister Musokotwane  The African Development Bank Group (www.AfDB.org) commenced construction of its permanent country office in Lusaka on Friday, marking a transformative milestone…

African Development Bank Group (AfDB)

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    • The African Development Bank Group's Business Opportunities Seminar brought together private-sector players from 40 countries across the continent
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Source: African Development Bank Group (AfDB) |

Annual Meetings 2025: African private-sector players and African Development Bank officials discuss business opportunities

The Bank provided updated information on its procurement plan and contractual policies, as well as on procedures for accessing business opportunities for companies or projects

On the fourth day of the African Development Bank Group’s (www.AfDB.org) Annual Meetings in Abidjan (http://apo-opa.co/3ZcPGZZ), a seminar on business opportunities with the Group brought together private-sector players from 40 African countries and led to constructive exchanges with Bank officials. "Africa will not develop without a robust private sector. This seminar…

African Development Bank Group (AfDB)

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    • Sidi Ould Tah
    • Sidi Ould Tah elected ninth president of the African Development Bank Group (1)
    • Sidi Ould Tah elected ninth president of the African Development Bank Group (2)
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Source: African Development Bank Group (AfDB) |

Sidi Ould Tah elected ninth president of the African Development Bank Group

Tah will assume office on 1 September 2025, for a five-year term, following the end of the second mandate of current President, Dr. Akinwumi Adesina

Sidi Ould Tah of Mauritania was today elected President of the African Development Bank Group (www.AfDB.org) at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire.   Tah was elected by the Bank’s Board of Governors, comprising Finance and Economy Ministers or Central Bank Governors of the Bank Group’s 81 regional…

African Development Bank Group (AfDB)

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    • Youth agripreneur and “Mon chips” brand founder Koffi Amani François Xavier presenting at the Enable Youth side event
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Source: African Development Bank Group (AfDB) |

At African Development Bank Group 2025 Annual Meetings, young agripreneurs transforming Africa’s Agriculture in spotlight

The side event drew policymakers, private sector leaders, development partners, young agripreneurs and other participants to share insights on scaling up youth-led agribusinesses across Africa

An Ivorian entrepreneur who started up a snack food business with about $100, then transformed it into a multinational supplier of a popular potato chip, is crediting the African Development Bank’s Enable Youth program for his success. Thirty-year-old “Mon chips” brand founder Koffi Amani François Xavier told an audience Tuesday…

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…