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African Development Bank Group (AfDB)

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    • The solar plants are expected to generate 61 gigawatt-hours of clean, reliable, and affordable energy each year responding to Chad’s energy deficit
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Source: African Development Bank Group (AfDB) |

Chad: New EUR 28 million African Development Bank-funded solar project to boost Chad's energy access

The solar plants are expected to generate 61 gigawatt-hours of clean, reliable, and affordable energy each year responding to Chad’s energy deficit

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved funding worth EUR 28 million to build solar power plants in Gassi and Lamadji, Chad. This is part of the Bank's Desert to Power program to increase energy access across Africa. The funding includes EUR 20 million…

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

African Academy of Sciences Conference charts new path for continental scientific renaissance

The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy

The African Academy of Sciences (AAS) 15th Bi-Annual General Assembly and Scientific Conference opened with powerful calls for African scientific sovereignty and renewed investment in the continent's research capabilities. The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy. The 15th…

African Development Bank Group (AfDB)

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    • Dr Leandre Bassole, the Bank’s Deputy Director General for East Africa and Country Manager for Ethiopia (6th Right) with other dignitaries who attended the Bank’s 60thanniversary commemoration
    • Dr Leandre Bassole, the Bank’s Deputy Director General for East Africa and Country Manager for Ethiopia, addressing guests in marking the Bank’s 60th anniversary
    • Ethiopia’s State Minister of Finance for Economic Cooperation, Semereta Sewasew, gives her address at the Bank’s 60th anniversary celebrations in the capital Addis Ababa
    • Dancers entertaining guests in celebration of the Bank’s 60th anniversary
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Source: African Development Bank Group (AfDB) |

Bank commemorates 60 years of impact in Ethiopia

From 1975, when the Bank first began operations in Ethiopia, it has financed 213 projects including 39 in transportation, 28 in energy; 66 in agriculture; and some five projects in job creation

Ethiopia has joined other countries across the continent to celebrate the African Development Bank’s (www.AfDB.org) 60th anniversary with a colourful and instructive trip down ‘Memory Lane’. On 29 November 2024, an eventful day of activities, organized by the Bank’s country office and the Government of Ethiopia, was held in the…

African Development Bank Group (AfDB)

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    • The road corridor project supported by the African Development Fund will contribute to the economic and social integration of southern Madagascar by opening up the region
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Source: African Development Bank Group (AfDB) |

Madagascar: African Development Bank Group grants a $165 million loan to develop roads in Southern Madagascar and facilitate trade

A significant part of the project involves reconstructing the Manombo bridge and creating two new two-lane bridges spanning 460 meters to enhance road connectivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $165 million loan to Madagascar to develop critical trade corridors and improve regional connectivity. The funding, granted on 11 December 2024 in Abidjan, will support the third phase of a major infrastructure project to improve trade…

African Development Bank Group (AfDB)

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    • Nigeria’s Special Agro-industrial Processing Zones (SAPZ) Phase II, Boosted with a Whopping $2.2 billion Investment Interest at the Africa Investment Forum (AIF) 2024
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Source: African Development Bank Group (AfDB) |

Nigeria’s Special Agro-industrial Processing Zones (SAPZ) Phase II, Boosted with a Whopping $2.2 billion Investment Interest at the Africa Investment Forum (AIF) 2024

SAPZ Nigeria Phase II is underway to expand to an additional 24 States in Nigeria in the next 3 years and will link Nigeria's agriculture to agro-industrialization to drive economic growth

The African Development Bank Group (www.AfDB.org) facilitated $2.2 billion in capital mobilization for its transformative Special Agro-Industrial Processing Zones Nigeria Phase II project during the Africa Investment Forum. At a packed presidential boardroom on Wednesday 4th December, governors from Nigerian States, leaders from multilateral development organizations, the diplomatic corps as…

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    • Financial support from the African Development Bank will help to improve the road network and open up two major regions of the country
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Source: African Development Bank Group (AfDB) |

Eswatini: African Development Bank approves a loan of over $140 million to open up two major regions with road infrastructure project

The new road surfaces will be adapted to climate change, enabling all-weather transportation locally and the wider area

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of $140.6 million to Eswatini for the first stage of a programme to improve road links and mobility at national and regional level in both urban and rural areas and create at least 200 jobs.…

African Development Bank Group (AfDB)

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    • Members of the first sub-panel discussed the question: “How can funds be best used to support essential services and the development of our cities?”
    • The focus of the second sub-panel was: “How to mobilise capital for urbanisation projects in Africa?”
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024: Africa, the most urbanised continent by 2050, needs more investment to prevent a surge in shanty towns (experts warn)

Diversification of investment needs to go hand in hand with appropriate measures and provisions put in place by national governments and urban authorities

Africa’s urban population will triple in the next 25 years and African countries will need to invest up to 5.5 percent of their gross domestic product (GDP) in urban development if they are to avoid rapid growth of shanty towns. This was the conclusion shared by experts at a round-table…

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    • The bridge over the Logone River, built with the support of the African Development Bank Group and other partners, links two peoples and strengthens African integration
    • The flags of Cameroon and Chad fly next to the bridge, which makes ties between the two countries stronger than ever before
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Source: African Development Bank Group (AfDB) |

The bridge over the Logone River: a great leap forward for millions of people in Central Africa

The bridge, which has taken five years to complete, puts an end to the dangers and limitations of old means of transport, opening a new era for cross-border trade

Like thousands of people living along the Logone River, Pierre Fissou, a teaching adviser in the Mayo Danay departmental delegation for basic education in the town of Yagoua (Cameroon), knows the perils of crossing from one side to the other of the natural boundary.   “I often go to the other…

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

Chad: African Development Fund Provides €44 Million for Road Connecting Eastern and Southern Regions

As a landlocked country in Central Africa, Chad is a long distance from the sea, and the new road will help to reduce the very high transport costs along the major regional corridors

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved grants worth €44.16 million to Chad  on 22 November 2024 to construct the roughly 50 km Kyabé-Mayo section of the road between Kyabé and Singako. a distance of 49.5 km, combined with the construction of a 55-metre bridge. The funding…

African Development Bank Group (AfDB)

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    • Dr. James Kinyangi, CAW Coordinator, AfDB (second from left); H.E. Max Andonirina Fontaine, Minister of Environment and Sustainable Development, Madagascar (third from right); Louise Walker, Head of Private Sector and Capital Markets, FCDO (second from right); and Prof. Anthony Nyong, Director of Climate Change and Green Growth, AfDB (third from left) at the CAW COP29 side event
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Source: African Development Bank Group (AfDB) |

African Leaders Welcome Launch of African Development Bank’s Technical Assistance Facility to Unlock Climate Finance for Vulnerable Regions

Launch of the facility will enable the African Development Bank to increase the reach of the CAW's efforts

In a major step to address Africa's climate finance gap, the African Development Bank Group (www.AfDB.org) has launched a new funding call  that will transform the development of climate projects across 37 low-income African countries. With an initial allocation of $56 million, the Climate Action Window (CAW) Technical Assistance Facility,…