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African Development Bank Group (AfDB)

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    • Minister Ludovic Ngatsé and AfDB Director General Léandre Bassolé present the signed grant agreement in Brazzaville during the Bank's mission to the Republic of Congo
    • Minister Ludovic Ngatsé and AfDB Director General Léandre Bassolé signing the grant agreement in Brazzaville
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Source: African Development Bank Group (AfDB) |

Republic of Congo and the African Development Bank sign $602,000 grant agreement to rebase national accounts

The project will update the base year for calculating Congo’s national economic indicators from 2005, adopting the 2008 System of National Accounts (SNA 2008) in line with international standards

The Government of the Republic of Congo and the African Development Bank Group (AfDB) (www.AfDB.org) have signed a $602,000 grant agreement to support the rebasing of the country’s national accounts, a critical step toward modernising its economic statistics and enhancing fiscal transparency. The agreement was signed on 4 August in…

African Development Bank Group (AfDB)

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    • 3D image of the future Data Center
    • Group photo following the meeting with the Prime Minister. Left to right: Olivier Beguy, African Development Bank resident country economist; Solomane Koné, the Bank Group’s acting Director General; Anatole Collinet Makosso, Prime Minister; and Célestine Mengue, agricultural projects officer at the African Development Bank
    • A handshake between the Prime Minister of the Republic of the Congo, Anatole Collinet Makosso, and the Bank’s acting Director General, Solomane Koné
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Source: African Development Bank Group (AfDB) |

Congo and the African Development Bank celebrate the strengthening of their strategic partnership for inclusive and sustainable development

The Bank Group’s mission to Congo explored new funding opportunities for key sectors, including energy, digital infrastructure, and roads

Talks held by the African Development Bank Group (www.AfDB.org) in the Republic of Congo from 24 - 28 February 2025 marked a significant step forward in strengthening the strategic partnership between the Bank and the Central African country. Led by Solomane Koné, Acting Director General for Central Africa, the discussions…

African Development Bank Group (AfDB)

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    • The 2024 award conference was attended by road experts from several African countries, in addition to the selection committee
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Source: African Development Bank Group (AfDB) |

Africa Road Builders: two African heads of state receive 2024 Babacar Ndiaye Prize

The “Africa Road Builders” prize was created in honour of Babacar Ndiaye, who was President of the African Development Bank Group from 1985 to 1995

The “Africa Road Builders” Selection Committee met in Dubai in the United Arab Emirates on 18 April 2024 where it awarded the Babacar Ndiaye Prize 2024 to the Presidents of Equatorial Guinea and of the Republic of Congo, Téodoro Obiang Nguema Mbasogo and Denis Sassou-Nguesso. They follow in the footsteps…

African Development Bank Group (AfDB)

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    • Support for the Congolese economy from the African Development Bank will contribute to diversification by reducing its dependence on the oil sector, among other things
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Source: African Development Bank Group (AfDB) |

Congo: African Development Bank grants a loan of 92 million euros to support economic diversification

The aim of the program is to strengthen the resilience of the Congolese economy and reduce its dependence on the oil sector with the aim of reconciling the need for growth with combating climate change

The Board of Directors of the African Development Bank Group (www.AfDB.org) granted a loan of 92 million euros to the Republic of Congo in Abidjan on 17 November 2023 to implement the first phase of the Economic Diversification Support Program. The aim of the program is to strengthen the resilience…

African Development Bank Group (AfDB)

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    • CORRECTION: African presidents and global leaders support bold action on climate change adaptation for Africa
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Source: African Development Bank Group (AfDB) |

CORRECTION: African presidents and global leaders support bold action on climate change adaptation for Africa

Africa now faces the dual onslaught of climate change – currently estimated at between $7 billion and $15 billion each year – and Covid-19, which has claimed 114,000 lives

In a historic and united show of solidarity for a continent that contributes only 5% to global emissions, more than 30 heads of state and global leaders committed to prioritize actions that help African countries adapt to the impacts of climate change and “build forward better.” Africa now faces the…

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

African leaders reaffirm support for African Development Bank as President Adesina begins second term

The meetings were held virtually due to the restrictions imposed by the COVID-19 outbreak

African leaders on Tuesday reaffirmed their support for the African Development Bank Group (https://www.AfDB.org/) and its leadership under Dr. Akinwumi Adesina as he begins his second five-year term with a renewed mandate to foster sustainable development on the continent.  In goodwill messages to mark Adesina’s inauguration, Presidents Muhammadu Buhari of…

African Development Bank Group (AfDB)

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    • Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term (1)
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Source: African Development Bank Group (AfDB) |

Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term

Adesina – “Let us move forward, driven by the power of our mission, inspired by the primacy of our vision and emboldened by the strength of our togetherness”

“Today, a rainbow stretches from the 81 member countries of the African Development Bank across the deep blue skies of Africa...The future beckons us for a more developed Africa and a much stronger and resilient African Development Bank.” With these powerful words President of the African Development Bank Group (www.AfDB.org),…

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

The one-stop border post between Tanzania and Kenya, a symbol of East-African integration

The African Development Bank in 2007 approved $185 million in funding

Naftali Elude Mzota, a driver for the Impala Shuttle Company in Tanzania, has been driving between Tanzania and Kenya for over 23 years. Asked about the difficulties of crossing the border, Mzota sighs. "Customs clearance used to be a real challenge here, because there were two borders. You had to…

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

African Development Bank approves EUR 88 million loan to Cameroon to finance COVID-19 response

In Cameroon, the pandemic has revealed the structural weaknesses of the country’s health system and economy

The Board of Directors of the African Development Bank (www.AfDB.org) on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response. The loan, to the country’s COVID-19 Crisis Response Budget Support Programme (PABRC), falls under the framework of the Bank’s…

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

African Development Bank COVID-19 response: moving from commitment to action

As of June 12, the Bank’s COVID-19 emergency packages have reached the continent’s five geographic regions

The African Development Bank (https://www.AfDB.org) has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the…