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

The Global Environment Facility (GEF) backs $8.7m initiative to unite African nations against extreme weather events in the Ubangi River Basin

The river basin’s rainforest harbours more than 10,000 plant species and 2,500 animal species, including two-thirds of all primates, which are under pressure from deforestation and land cover clearing

Home to one of the largest tributaries of the Congo River, the Central African Republic (CAR) and the Democratic Republic of the Congo (DRC) will benefit from a pioneering cross-border initiative to prepare for extreme climatic events and develop joint water resource management strategies with $8.7 million in funding from…

African Development Bank Group (AfDB)

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    • The Mayi Nunene health centre was built as part of the project to strengthen socioeconomic infrastructure in central DRC
    • View of the RN1 section at Batshamba
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Source: African Development Bank Group (AfDB) |

In the Democratic Republic of Congo (DRC), the African Development Bank is accelerating the transformation of infrastructure and access to basic social services

This initiative will benefit over 19 million people by facilitating access to markets, improving the availability of agricultural products and food security, and supporting mobility and economic activities

Roads in Kenge, Kikwit, Tshikapa, Kamuensha, and Mbuji-Mayi have been completely rehabilitated, new stretches of road built, and urban roads modernized. Numerous examples of socioeconomic infrastructure have also benefited from the financial support of the African Development Bank Group (www.AfDB.org), helping to transform the daily lives of hundreds of thousands…

African Development Bank Group (AfDB)

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

REISSUE: 2024 Annual Meetings: African Development Bank President Outlines Gains of Historic 2023 Dakar 2 Summit

Bank will invest $2.9 billion to support the Country Food and Agriculture Delivery Compacts; appoints Special Envoys to fast-track implementation

Since the Dakar 2 Summit (https://apo-opa.co/4bBfGm1), six African countries have set up Presidential-level Councils to drive implementation of the Country Food and Agriculture Delivery Compacts agreed at the summit, while another twelve countries are at various stages of establishing their councils. Presidential Councils have taken off in Tanzania, Democratic Republic of…

African Development Bank Group (AfDB)

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    • The African Development Bank will support the construction of skills development infrastructure in the agricultural sector, build the capacities of agricultural trainers and support the establishment of agricultural cadastres to enable the Democratic Republic of the Congo to develop value chains in its rich agricultural sector
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Source: African Development Bank Group (AfDB) |

Democratic Republic of Congo: African Development Bank to lend $117 million to support agricultural transformation

The financial support comes from the African Development Fund, the Bank Group's concessional lending window, and includes $78.6 million from the Transition Support Facility

Meeting in Abidjan on 14 February 2024, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $117.9 million to the Democratic Republic of Congo to implement the Project to Support Governance and Skills Development in support of the Agriculture Transformation Programme (PTA). The financial support…

African Development Bank Group (AfDB)

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    • The African Development Bank's trade finance guarantee facility granted to Access Bank DR Congo will support imports of essential goods and various inputs in such key sectors of the Congolese economy as health and agriculture
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Source: African Development Bank Group (AfDB) |

Democratic Republic of the Congo: African Development Bank grants $7 million trade finance guarantee facility to Access Bank DR Congo to support SMEs and local businesses

The African Development Bank will now be able to provide up to a 100% guarantee to confirming banks for the non-payment risk from the confirmation of letters of credit

On 20 February 2024, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $7 million trade finance guarantee facility grant to Access Bank DR Congo. The African Development Bank will now be able to provide up to a 100% guarantee to confirming banks for the non-payment risk…

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

Democratic Republic of Congo: African Development Bank projects returns thousands of children from cobalt mines to schools

The project has helped to extricate many Congolese children from artisanal cobalt mines and to train thousands of their young parents to become farmers

Launched in the Democratic Republic of Congo in 2019, the Support Project for the Alternative Welfare of Children and Young People Involved in the Cobalt Supply Chain (https://apo-opa.co/3SvpVA4)(PABEA-Cobalt) is nearing the end, in December 2024, of its planned implementation. Funded to the tune of US$78 million by the African Development Fund…

African Development Bank Group (AfDB)

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    • From left: DRC first lady Denise Tshisekedi, DRC President Félix Tshisekedi, AfDB President Akinwumi Adesina and Grace Adesina attend the swearing in ceremony in Kinshasa for President Tshisekedi’s second term in office
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Source: African Development Bank Group (AfDB) |

African Development Bank (AfDB) Head Adesina backs infrastructure projects in strategic two-day visit to Democratic Republic of Congo (DRC)

The Bank’s active portfolio in DRC as of 30 September 2023 comprised 27 operations with an approximate value of $1.458 billion

African Development Bank (https://www.AfDB.org) President Dr. Akinwumi Adesina has concluded a two-day visit to the Democratic Republic of Congo for high-level talks on accelerating strategic development projects in the country.   The visit, which began on Friday January 19th, saw his participation in a breakfast meeting with several key cabinet…

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    • African Development Bank joins global partners to raise financing for $1.6 bn multinational Lobito Transportation Corridor programme
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Source: African Development Bank Group (AfDB) |

African Development Bank joins global partners to raise financing for $1.6 bn multinational Lobito Transportation Corridor programme

The MoU, signed Thursday 27 October, outlines the partners' intentions to collaborate across multiple sectors to realise the full economic potential of the corridor

The African Development Bank (www.AfDB.org) has signed a Memorandum of Understanding (MoU), joining global partners to mobilise resources for the Lobito Corridor and the Zambia-Lobito rail line in southern and central Africa. Other signatories included the United States government, the European Commission, the Africa Finance Corporation (AFC), and the host…

African Development Bank Group (AfDB)

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    • African Development Bank Director-General for Central Africa Serge N'Guessan and his deputy Solomane Koné, the Bank's Manager for DR Congo, actively participated in the Forum with other Bank officials
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Source: African Development Bank Group (AfDB) |

At the DRC Agribusiness Forum, Democratic Republic of Congo shares its ambition to feed Africa and announces $6.6 billion in investments in agriculture

The investment is evidence of the commitment of Congolese President Félix Antoine Tshisekedi to develop the country’s agricultural potential and ease the economy’s dependence on the extractive sector

The Democratic Republic of Congo aims to invest $6.6 billion over ten years in its Agriculture Transformation Programme (PTA) to fulfil its commitment to becoming Africa’s breadbasket. The announcement was made at the "DRC Agribusiness Forum", held on 4 and 5 October 2023 in Kinshasa. The investment is evidence of the…