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African Development Bank Group (AfDB)

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    • As the concessional window of the @AfDB_Group, the African Development Fund has provided more than US$45 billion in grants and low-interest loans to 37 low-income countries in Africa since 1972
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Source: African Development Bank Group (AfDB) |

High hopes for African Development Fund 17th replenishment meeting to mobilise investment for Africa’s development needs

Over the last five decades it has been instrumental in improving the lives of tens of millions across the 37 low-income countries it serves, amid mounting climate, economic and security pressures

The governments of the United Kingdom and Ghana are hosting the pledging meeting for the 17th replenishment of the African Development Fund (ADF-17) (www.ADF.AfDB.org) in London from 15-16 December, convening donor countries to back Africa’s next chapter of growth. The Fund, established in 1972 as the concessional arm of the…

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

African Development Bank Group welcomes Canadian Africa Envoy for discussions to reshape cooperation

The Senior Vice-President highlighted opportunities for strengthening partnership through business opportunity seminars that are held twice a year

The Senior Vice-President of the African Development Bank Group (www.AfDB.org) Marie-Laure Akin-Olugbade welcomed Canada's Special Envoy for Africa, Ambassador Ben Marc Diendéré, to the institution's headquarters. The cordial meeting was marked by frank discussions, putting the relationship between Canada and the Bank on a new footing. "Canada is a partner and…

African Development Bank Group (AfDB)

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    • The African Development Bank is providing major financial support to Benin to sustainably increase poultry production in that country
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Source: African Development Bank Group (AfDB) |

Benin: African Development Bank to invest €102 million to boost poultry meat production

Implementation of the Programme in Benin’s savannah region will directly benefit some 50,000 people, with a further 500,000 benefiting indirectly, of which 30% of each target groups will be women

The Board of Directors of the African Development Bank Group (http://AfDB.org) meeting in Abidjan today approved a €102.12 million loan to Benin to implement the first phase of the Agriculture Transformation Programme in the country’s savannah region. The programme aims to sustainably increase national poultry meat production in line with…

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

African Development Bank Approves $10 Million to catalyse Namibia’s Large Green Hydrogen Project

The project is poised to leverage the country’s world-class solar and wind energy resources

The African Development Bank’s Board of Directors (www.AfDB.org) has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company,  to support a green ammonia project valued at more than $10 billion and with the potential to position Namibia as a pioneer in the global green…

African Development Bank Group (AfDB)

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    • From left AfDB Chief Financial Management Officer Jonathan Nyamukapa, PAFA CEO Alta Prinsloo, AfDB Senior Governance Officer Bernadette Kizito Nakabuye AfDB Governance Manager Kalayu Gebre- Selassie, PAFA Director, Effective Professional Accountancy Organizations Evelyn Mwapasa and FAPA Project Coordinator Claudious Chikozho at SAIPA house in Johannesburg
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Source: African Development Bank Group (AfDB) |

African Development Bank, Pan African Federation of Accountants launch $5.2 million initiative to professionalise African accountancy sector

Strategic partnership will tackle critical shortage of public-sector financial professionals across the continent

The African Development Bank Group (www.AfDB.org) and the Pan African Federation of Accountants (PAFA) have launched a $5.2 million institutional support project to address a severe shortage of qualified public sector accountants and auditors across Africa. The launch event was held on 26 November at The South African Institute of Professional Accountants (SAIPA) House…

African Development Bank Group (AfDB)

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    • African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries (1)
    • African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries (2)
    • Govt, SADC, and AfDB representatives join stakeholders for the 2025 World Fisheries Day celebrations in Botswana
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Source: African Development Bank Group (AfDB) |

African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries

$9.2 million initiative boosts cross-border fish trade to over 500,000 tonnes, creating jobs and strengthening food security across Southern Africa

A regional initiative that has overhauled aquatic resource management and boosted cross-border fish trade is now improving the lives of nearly three million people across Southern Africa —raising fish production, consumption, and incomes. The Program for Improving Fisheries Governance and Blue Economy Trade Corridors (PROFISHBLUE) (https://apo-opa.co/3Y8pOgL) has generated cross-border trade volumes…

African Development Bank Group (AfDB)

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    • African Development Bank continues to support Cabo Verde in improving transparency and efficiency in public procurement
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Source: African Development Bank Group (AfDB) |

Cabo Verde: African Development Bank Group approves €17.7 million to advance public sector digitisation

An action plan to rationalise tax expenditures will be developed and published, along with full estimates of annual tax expenditures in the 2026 budget to improve transparency

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €17.71 million loan to support the second phase of Cabo Verde’s E-Governance and Public Financial Management Reform Programme. The Bank’s Board of Directors approved the financing on Monday, continuing support that began last year as the…

African Development Bank Group (AfDB)

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    • AfDB Director Ousmane Fall flanked by CDP Director of International Development Cooperation Paulo Lombardo (left) and deputy CEO of CDG Invest Ali Lamrini at the Africa Investment Forum Market Days 2025
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum: Major Boost for African Private Sector as Caisse de Dépôt et de Gestion (CDG) Invest Joins Growth and Resilience Platform for Africa (GRAf) Platform

Agreement signed by CDP, AfDB and CDG Invest aims to foster joint investments, promote international cooperation, and channel capital toward key sectors of the African economy under the Mattei Plan

Cassa Depositi e Prestiti (CDP), the African Development Bank (www.AfDB.org) , and CDG Invest, part of the Caisse de Dépôt et de Gestion (CDG) Group, have signed a landmark agreement formalising CDG Invest's entry into the Growth and Resilience Platform for Africa (GRAf). The agreement was announced in Rabat during the…

African Development Bank Group (AfDB)

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    • The African Development Bank’s transaction guarantee for CCA-Bank will support imports of equipment for the industrial, agro-industrial and telecommunications sectors, to support Cameroon's industrialisation
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Source: African Development Bank Group (AfDB) |

Cameroon: African Development Bank Group approves €25 million trade finance facility to enable Crédit Communautaire d'Afrique-Bank expand support to Small and Medium-Sized Enterprises (SMEs)

The facility, approved at a Board session held on 1 December in Abidjan, will be deployed as a Transaction Guarantee, a Bank Group product that provides risk cover to eligible African banks for their trade finance transactions

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved financing of €25 million to help Cameroon’s Crédit Communautaire d'Afrique-Bank (CCA-Bank) expand its trade finance offerings to small and medium-sized enterprises (SMEs) and other businesses. The facility, approved at a Board session held on 1 December in…

African Development Bank Group (AfDB)

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    • The African Development Bank Group is providing USD 500 million in budget support to the Federal Republic of Nigeria to help improve the country's non-oil revenues and to expand fiscal space
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank Group loans $500 million to support economic governance and energy transition

Benefits will also accrue to private businesses in the form of improved investment climate and opportunities in the energy sector at the level of individual states of the Federation, and from the creation of an environment more conducive to public-private partnerships

The Board of Directors of the African Development Bank Group (www.AfDB.org), meeting in Abidjan, approved a $500 million loan to the Government of the Federal Republic of Nigeria to finance the second phase of the Economic Governance and Energy Transition Support Programme. The policy-based operation is for fiscal years 2024…