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African Development Bank Group (AfDB)

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    • (L-R) AfDB Vice President Solomon Quaynor, Kohtaro SABE President & CEO with Marco Yamaguchi, Masahide, following the signing of the LOI. Yokohama, Japan. August 2025
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Source: African Development Bank Group (AfDB) |

Ninth Tokyo International Conference on African Development (TICAD9): African Development Bank and Aerosense Inc sign Letter of Intent (LOI) to advance cooperation and projects in drone technology in Africa

Aerosense Inc.’s drone solution was selected through a call for proposals under the African Development Bank’s Sustainable Road Maintenance Program for Africa (SRMPA) in June 2025

The African Development Bank (www.AfDB.org) and Aerosense Inc have signed an agreement to advance cooperation and projects in drone technology in Africa. Aerosense Inc. is a leading Japanese company engaged in drone manufacturing. Representatives of both institutions signed a Letter of Intent on Thursday 21 August, on the sidelines of…

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

CORRECTION - Ninth Tokyo International Conference on African Development (TICAD9): Japan International Cooperation Agency and African Development Bank sign agreement to extend Enhanced Private Sector Assistance initiative for $5.5 billion

The EPSA non-sovereign operations component helps finance the Bank’s private sector operations through a line of credit from JICA to the Bank on concessional terms

The Japan International Cooperation Agency (JICA) and the African Development Bank (www.AfDB.org) on Thursday signed a Memorandum of Understanding launching the sixth phase of the Enhanced Private Sector Assistance (EPSA6) agreement, which provides a framework for critical resource mobilization and development partnership for African countries. Under EPSA6, the Bank and…

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

Ninth Tokyo International Conference on African Development (TICAD9): Japan and African Development Bank sign agreement to extend Enhanced Private Sector Assistance for $5.5 billion sixth phase

The EPSA non-sovereign operations component helps finance the Bank’s private sector operations through a line of credit from JICA to the Bank on concessional terms

The government of Japan and the African Development Bank (www.AfDB.org) on Thursday signed a Memorandum of Understanding launching the sixth phase of the Enhanced Private Sector Assistance (EPSA6) agreement, which provides a framework for critical resource mobilization and development partnership for African countries. Under EPSA6, the Bank and JICA will…

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

Tokyo International Conference on African Development (TICAD9): African Development Bank to focus on partnerships and investment at 9th Tokyo International Conference on African Development

The African Development Bank stands as a key driver of this transformation for the continent, leveraging its leadership to mobilise international support, particularly from Japan

The African Development Bank (www.AfDB.org) will participate in the 9th Tokyo International Conference on African Development (TICAD9) (https://apo-opa.co/4fLythd) taking place in Yokohama, Japan from 20-22 August. This year’s conference takes place at a critical time as Africa seeks to close investment gaps and build resilience to global economic and climate shocks.…

African Development Bank Group (AfDB)

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    • Group photo of African women entrepreneurs’ associations and workshop participants
    • Presentation of the study report to representatives of Mauritanian women entrepreneurs’ associations
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Source: African Development Bank Group (AfDB) |

African Development Bank Unveils Groundbreaking Mapping of Women Entrepreneurs’ Associations in Africa

The study shows that while nearly one in four African women is an entrepreneur, 87 percent of women’s associations lack financial management capacity

The African Development Bank (www.AfDB.org) has unveiled the findings of a first-of-its-kind study mapping women entrepreneurs’ associations across sixteen African countries, revealing significant capacity gaps that hinder their economic impact. Launched on 6 August in Nouakchott, the study shows that while nearly one in four African women is an entrepreneur,…

African Development Bank Group (AfDB)

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    • Ethiopian Airlines Chief Commercial Officer, Lemma Yadecha (4th from L) and African Development Bank Group President, Dr. Akinwumi Adesina (4th from R), hold the signed mandate letter designating the Bank as mandated lead arranger for the Bishoftu International Airport in Ethiopia, set to be Africa’s largest airport by 2029
    • Ethiopian Airlines Group Chief Commercial Officer Lemma Yadecha and African Development Bank Group President, Dr. Akinwumi Adesina, sign a Mandated Lead Arranger agreement authorizing the Bank to mobilize up to $8 billion in financing for the new Bishoftu International Airport
    • “Speed and scale are now the hallmarks of Ethiopia. And scale is what we are signing onto today – a testament to the power of vision, determination and resolve to put Africa at the top,” said the Bank chief
    • Ethiopian Airlines Group Chief Commercial Officer, Lemma Yadecha, presented the Bishoftu International Airport project to event participants, outlining scheduled construction timelines, current progress and estimated costs
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Source: African Development Bank Group (AfDB) |

The $10 Billion Mega-Airport Financing Partnership Between Ethiopian Airlines and African Development Bank Takes Off

New Bishoftu international airport will be a game changer for air transport in Africa and globally — Adesina

Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a monumental signing ceremony marking the African Development Bank’s role (www.AfDB.org) as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly $8 billion of the…

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

African Development Bank backs Artificial Intelligence (AI) training to boost Agenda 2063 implementation across Africa

The training is part of broader efforts to enhance institutional and human capacity across the continent

The African Development Bank (www.AfDB.org) is supporting a new Artificial Intelligence (AI) training initiative to advance the implementation of Africa’s continental development blueprint, Agenda 2063: The Africa We Want (http://apo-opa.co/4miWmzo). Through its Joint Secretariat Support Office (JSSO), the Bank provided technical and financial backing for the 5th Annual Training Workshop for…

African Development Bank Group (AfDB)

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    • African Development Bank and Invest in Africa Sign $850,000 Grant Agreement to Boost Inclusive Green Jobs in Ghana and Senegal
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Source: African Development Bank Group (AfDB) |

African Development Bank and Invest in Africa Sign $850,000 Grant Agreement to Boost Inclusive Green Jobs in Ghana and Senegal

By strengthening capacity and integrating micro enterprises into green value chains, the project seeks to stimulate local job creation and promote inclusive participation in Africa’s green economy

The African Development Bank (www.AfDB.org) has signed a $850,000 grant agreement with Invest in Africa (IIA), a non-profit organization, to support the MicroGREEN project to provide livelihood opportunities for marginalized and vulnerable groups in Ghana and Senegal. Titled, Strengthening Women, Youth, and People with Disabilities’ Micro-Entrepreneurship for Green Jobs in…

African Development Bank Group (AfDB)

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    • The African Development Bank is providing financial and technical assistance to The Gambia, Guinea-Bissau, Madagascar and Togo to strengthen the business environment and promote the private sector in the four countries
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Source: African Development Bank Group (AfDB) |

The African Development Bank approves a grant of over $5 million to strengthen public-private partnerships in The Gambia, Guinea-Bissau, Madagascar and Togo

The project aims to strengthen the public–private partnership (PPP) environment in four countries, with the goal of catalysing private investment

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a grant of $5.3 million to implement the Project to Strengthen the Public-Private Partnership Environment for the Promotion of Private Investment in The Gambia, Guinea-Bissau, Madagascar and Togo. The project, approved in Abidjan on 27 June 2025,…

African Development Bank Group (AfDB)

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    • President of the African Development Bank Group, Dr Akinwumi Adesina; Governor of Oyo State, Seyi Makinde; and Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, at the groundbreaking ceremony of the Special Agro-Industrial Processing Zone (SAPZ) in Ijaiye, Oyo State, Nigeria, 02 August 2025
    • President of the African Development Bank Group, Dr Akinwumi Adesina, delivering his speech at the groundbreaking ceremony of the Special Agro-Industrial Processing Zone (SAPZ) in Ijaiye, Oyo State, Nigeria, 02 August 2025
    • President of the African Development Bank Group, Dr Akinwumi Adesina; Governor of Oyo State, Seyi Makinde (3rd from left); Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari (2nd from left); Mrs Grace Adesina; Senior Special Adviser to Dr Adesina on Industrialisation, Prof Oyebanji Oyelaran-Oyeyinka (2nd from right); and AfDB Director General for Nigeria, Dr. Abdul Kamara, at the groundbreaking ceremony of the Special Agro-Industrial Processing Zone (SAPZ) in Ijaiye, Oyo State, Nigeria, 02 August 2025
    • President of the African Development Bank Group, Dr Akinwumi Adesina and the Governor of Oyo State, Seyi Makinde, ahead of the groundbreaking ceremony of the Special Agro-Industrial Processing Zone (SAPZ) in Ijaiye, Oyo State, Nigeria, 02 August 2025
    • Nigeria Expands Agro-Industrial Footprint with New Processing Hub in Oyo State
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Source: African Development Bank Group (AfDB) |

Nigeria Expands Agro-Industrial Footprint with New Processing Hub in Oyo State

The Oyo site is the third to be developed under the national SAPZ program, and the first in southwest Nigeria

Oyo SAPZ will host up to 40 agro-processing industries, create over 100,000 direct and indirect jobs, and benefit half a million farmers. A great honour to do this on my last official visit to Nigeria as President of the African Development Bank Group (www.AfDB.org) – Adesina Nigeria has launched a…