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

African Development Bank approves landmark $1.78 billion strategy to support transformation of Namibia's economy and create jobs

The Namibia CSP aligns with the Bank Group's Four Cardinal Points, Namibia's Vision 2030, and Africa's Agenda 2063

The African Development Bank Group's (www.AfDB.org) Board of Directors has approved a Country Strategy Paper (CSP) for Namibia committing $1.78 billion to support economic transformation and inclusive growth in the 2025-2030 period. The financing is expected to pave the way job for creation and economic diversification while also addressing key…

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    • The additional financing from the African Development Fund will enable Liberia to complete construction of the run-of-river hydropower plant and related infrastructure
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Source: African Development Bank Group (AfDB) |

Liberia: African Development Fund invests over $7 million to complete run-of-river hydropower plant and related infrastructure project

The plant will be connected to an 8-km 33-kilovolt evacuation line and two transformer substations, and also to a cross-border transmission line

The Board of Directors of the African Development Fund, meeting today in Abidjan, has approved an additional loan of $7.41 million to complete implementation of the Renewable Energy for Electrification project in Liberia. The African Development Fund is the concessional lending window of the African Development Bank Group (https://www.AfDB.org). The…

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    • African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership (1)
    • African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership (2)
    • African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership (3)
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Source: African Development Bank Group (AfDB) |

African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership

During his official visit to Algeria on 16-17 November, Dr Sidi Ould Tah, President of the African Development Bank, expressed his deep gratitude to Algerian President Abdelmadjid Tebboune for this significant decision

The African Development Bank (AfDB) (www.AfDB.org) has officially been earmarked as Algeria’s international partner in the country’s renewed efforts to engage with external financing, marking a key milestone in the ongoing partnership between Algeria and the Bank Group. During his official visit to Algeria on 16-17 November, Dr Sidi Ould…

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    • The African Development Bank is granting a $100 million loan to a debt fund dedicated to building critical infrastructure in sub-Saharan Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group grants $100 million loan to Emerging Africa and Asia Infrastructure Fund (EAAIF) to support development of sustainable infrastructure

The Bank’s loan will enable the Fund to continue mobilising private capital for impactful projects that expand access to essential services and drive sustainable economic transformation across Africa

The African Development Bank Group (www.AfDB.org) is boosting sustainable infrastructure development across Africa through a new $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF). The financing, approved by the Board of Directors, will help the Fund attract private investment and support projects in renewable energy, digital…

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    • Luxembourg and African Development Bank deepen partnership to advance Africa’s sustainable growth
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Source: African Development Bank Group (AfDB) |

Luxembourg and African Development Bank deepen partnership to advance Africa’s sustainable growth

Luxembourg’s collaboration with the Bank extends beyond concessional financing

African Development Bank Group (https://www.AfDB.org) President Dr Sidi Ould Tah and Luxembourg’s Finance Minister, Gilles Roth, have pledged to deepen cooperation as preparations advance for the seventeenth replenishment of the African Development Fund (ADF-17), the Bank Group’s concessional financing window. The two leaders met on the sidelines of the 2025…

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

New Partnership for Africa's Development-Infrastructure Project Preparation Facility (NEPAD-IPPF) marks 20 years of impact at 40th Oversight Committee Meeting

The meeting, held online on 27th October 2025, brought together donor representatives, partner institutions, Regional Economic Communities and implementing agencies

The NEPAD-Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor special fund hosted by the African Development Bank (https://AfDB.org/), has successfully held its 40th Oversight Committee  Meeting  to take stock of progress and chart a renewed course for Africa’s regional infrastructure transformation. The meeting, held online on 27th October 2025, brought together…

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    • Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million (1)
    • Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million (2)
    • Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million (3)
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Source: African Development Bank Group (AfDB) |

Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million

The project aims to modernise port infrastructure that is essential to the economic development of the islands of the Union of the Comoros, facilitate trade and strengthen regional connectivity

The President of the Union of the Comoros, Azali Assoumani, presided over the official launch ceremony for the Maritime Corridor and Regional Trade Facilitation Project (https://apo-opa.co/4hA9Zsl), financed by the African Development Bank Group (www.AfDB.org) to the tune of $137 million. Senior Bank officials attended the ceremony, which took place on 27…

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    • African Development Bank President Sidi Ould Tah (2nd left) with other multilateral development bank heads. Washington DC October 17, 2025
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Source: African Development Bank Group (AfDB) |

Heads of Multilateral Development Banks (MDBs) meet to take stock of progress on joint actions and look ahead

After their gathering, Heads held an exchange of views with Director General of the International Atomic Energy Agency, Rafael Grossi, on trends in civil nuclear energy

The Heads of Multilateral Development Banks (MDBs) Group, chaired in 2025 by the Council of Europe Development Bank (CEB), met today to review progress on joint actions and chart priority areas for the Group’s future work. Heads noted that their collaborative engagement has deepened throughout 2025, under the CEB’s Chairship…

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    • African Development Bank Approves $500 Million Strategy to Drive Inclusive Growth and Economic Resilience in Sierra Leone
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $500 Million Strategy to Drive Inclusive Growth and Economic Resilience in Sierra Leone

The Five-Year Country Strategy Paper targets infrastructure development and agricultural transformation to accelerate the path to middle-income economy

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a new Country Strategy Paper (CSP) for Sierra Leone for 2025–2030, committing approximately $500 million over the next five years to foster sustainable economic growth, strengthen resilience to fragility, and promote inclusive development.   The strategy is built…

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    • Zambian President Hakainde Hichilema (right) welcomes African Development Bank President Dr. Sidi Ould Tah to State House in Lusaka
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Source: African Development Bank Group (AfDB) |

Zambia Affirms Strong Support for African Development Bank (AfDB) President Ould Tah’s vision for New African Financial Architecture

Dr Ould Tah thanked President Hichilema and the Zambian people for hosting the ADF-17 replenishment meeting, a key milestone in mobilising concessional resources for Africa’s most vulnerable countries

Zambia has voiced strong backing for African Development Bank Group (www.AfDB.org) President Dr Sidi Ould Tah’s push for a new African financial architecture that strengthens the continent’s economic sovereignty. Zambian President Hakainde Hichilema expressed this support during discussions with Dr Ould Tah at State House in Lusaka on 9 October…