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African Development Bank Group (AfDB)

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    • Bank approves financing to accelerate Rwanda’s universal energy access by 2030
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Source: African Development Bank Group (AfDB) |

African Development Bank approves financing to advance Rwanda’s universal energy access

The RBF II program is a key deliverable under the Bank’s High-5 priority areas of “Light up and Power Africa” and “Improve the Quality of Life of the People of Africa”

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved €173.84 million for the Rwanda Energy Sector Result-Based Financing (RBF II) program to modernize the electricity network, expand access to clean energy, and strengthen institutional capacity. The Asian Infrastructure Investment Bank will provide an additional €86.92 million,…

African Development Bank Group (AfDB)

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    • African Development Bank Approves $17 Million to Rebuild Conflict-Affected Northern Mozambique
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $17 Million to Rebuild Conflict-Affected Northern Mozambique

Project to create 24,000 jobs and benefit over 100,000 people in Cabo Delgado

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $17 million grant to support recovery and resilient-building efforts in conflict-affected northern Mozambique’s Cabo Delgado province. The funding will support the Resilient Investment for Socio-Economic Empowerment, Peace, and Security (RISE-PS) Project, a bold new initiative to tackle…

African Development Bank Group (AfDB)

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    • L–R: Hon. Otumchere Oti, Abia State Commissioner for Works; Mr. Mahaman Mourtala Mamoudou Abdoussalam, Operations Team Leader, Economic Infrastructure, Islamic Development Bank; Dr. Abdul B. Kamara, Director General for Nigeria, African Development Bank Group; His Excellency Dr. Alex Otti, Governor of Abia State; and Dr. Oyebola Akande, Assistant Director, International Economic Relations Department, Federal Ministry of Finance, Nigeria
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Source: African Development Bank Group (AfDB) |

African Development Bank and Partners Launch a $263.8 Million Infrastructure Project to Transform Urban Development in Abia State

The project will rehabilitate more than 248 kilometers of roads in the cities of Umuahia and Aba

The African Development Bank (www.AfDB.org), in partnership with the Islamic Development Bank, Nigeria’s Federal Government and the Abia State, has launched the Abia State Integrated Infrastructure Development Project, a transformative $263.8 million initiative to modernize urban infrastructure, enhance mobility, and promote inclusive, climate-resilient development over the next five years. The…

African Development Bank Group (AfDB)

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    • Cashews are now Burkina Faso's third largest agricultural export after cotton and sesame
    • Christiane Koné, a processor in Toussiana, purchased six automatic shelling machines
    • Arzouma Zougouri, a producer in Orodara, was able to further equip his processing unit
    • Cashew processors at work
    • Adama Sombié, a cashew producer, was given a two-hectare woodlot in Bérégadougou
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Source: African Development Bank Group (AfDB) |

In Burkina Faso, cashew cultivation is a lever for sustainable and inclusive rural development

The project mobilised the necessary resources to contribute to the sustainable transformation of the Cascades, Hauts Bassins and South-West regions, with significant participation from women

Launched in 2017 and completed in 2024, the Cashew Development Support Project in the Comoé Basin for REDD+ (PADA/REDD+) exemplified sustainable development. The project combined poverty reduction, ecological transition and the empowerment of women and young people, achieving a remarkable implementation rate of 95 percent.  It has revitalised the cashew…

African Development Bank Group (AfDB)

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    • African Development Bank’s Johannesburg Deal Signals a New Era in City-Led Urban Investment (By Bleming Nekati)
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Johannesburg Deal Signals a New Era in City-Led Urban Investment (By Bleming Nekati)

This funding will have a direct and tangible impact on the daily lives of Johannesburg residents by strengthening basic services and expanding economic opportunities

 Bleming Nekati is the Regional Head for Private Sector Operations in Southern Africa at the African Development Bank (www.AfDB.org). In June 2025, a quiet but important decision marked a real turning point in African urban finance. The African Development Bank's Board of Directors approved a ZAR 2.5 billion ($139 million)…

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

The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa

The organizations will jointly develop action plans that combine technical assistance, policy support, capacity-building, and knowledge exchange to local governments

The African Development Bank Group (www.AfDB.org) and the United Nations Human Settlements Programme (UN-Habitat) have signed a Memorandum of Understanding to enhance collaboration and accelerate action on sustainable urban transformation across the continent. Under the agreement, the organizations will jointly develop action plans that combine technical assistance, policy support, capacity-building,…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina (l) and AIIB President Jin Liqun shake hands following the signing of an MOU renewing their institutions' collaboration to foster sustainable economic development for Africa. Paris, June 2025
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Source: African Development Bank Group (AfDB) |

African Development Bank, Asian Infrastructure Investment Bank (AIIB) sign Memorandum of Understanding (MOU) renewing their collaboration on sustainable economic development for Africa

The MOU will promote among other things, co-financing, co-guaranteeing and other forms of joint participation in financial assistance for development projects primarily in sustainable infrastructure

The African Development Bank (www.AfDB.org) and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic opportunities across the African continent.   The Memorandum of Understanding, which builds on an earlier one in 2018, was signed by…

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

Rwanda: African Development Bank kickstarts pioneering cable car project in Kigali

Construction is expected to begin in late 2026, with commissioning scheduled for 2028

The African Development Bank (www.AfDB.org) has approved a grant of $500,000 to undertake a feasibility study into the first phase of a cable car transport network in Kigali, that will be sub-Saharan Africa’s first aerial urban transit system. The funds, to be sourced from the Bank Group’s Urban and Municipal…

African Development Bank Group (AfDB)

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    • President Samia Suluhu Hassan and Bank Group President Adesina assess construction progress of the Msalato International Airport
    • President of Tanzania, Samia Suluhu Hassan addresses the community during a tour of Bank-funded transport projects in Dodoma with Bank Group President, Dr. Akinwumi Adesina, with his wife Grace Adesina, on 14 June 2025
    • “These [Bank] projects address the realities of Dodoma’s fast-rising population and the increasing demand for efficient transport,” President of Tanzania said during the Dodoma Outer Ring Road Commissioning Ceremony, on 14 June 2025
    • Adesina cannot hide his emotion upon hearing the Dodoma Outer Ring Road will be named after him during its commissioning ceremony
    • A section of the Dodoma Outer Ring carriageway, now named after Dr Adesina
    • Mama Samia and the crowd laugh and cheer as Adesina speaks Kiswahili during the Dodoma Ring Road commissioning ceremony (1)
    • Mama Samia and the crowd laugh and cheer as Adesina speaks Kiswahili during the Dodoma Ring Road commissioning ceremony (2)
    • Dr Adesina with the Class of 2025 University Dar es Salaam doctoral graduates, after being awarded a Doctor of Science Honorary Degree
    • Tanzania celebrates and honors Akinwumi Adesina’s impactful legacy as President of the African Development Bank
    • Adesina and Former President of Tanzania, Jakaya Kikwete, enjoy a 3-hour ride from Dar es Salaam to Dodoma on the Standard Gauge Railway
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Source: African Development Bank Group (AfDB) |

Tanzania celebrates and honors Akinwumi Adesina’s impactful legacy as President of the African Development Bank

President Suluhu Hassan names 112-kilometer iconic highway after Adesina

The Government of the United Republic of Tanzania, on 14 June, has honored the President of the African Development Bank Group (www.AfDB.org) Dr Akinwumi Adesina describing him as “a visionary leader, a tireless son of Africa who has dedicated his life to transform the narrative of the continent.” President Samia…

African Development Bank Group (AfDB)

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    • From Strategy to Action: African Development Bank and Google Explore Africa’s Artificial Intelligence (AI) Future at the 2025 Annual Meetings (1)
    • Caroline Kende-Robb, Senior Director of Strategy and Operational Policies at the Bank
    • From Strategy to Action: African Development Bank and Google Explore Africa’s Artificial Intelligence (AI) Future at the 2025 Annual Meetings (2)
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Source: African Development Bank Group (AfDB) |

From Strategy to Action: African Development Bank and Google Explore Africa’s Artificial Intelligence (AI) Future at the 2025 Annual Meetings

As Africa moves forward in artificial intelligence, the African Development Bank reaffirms its commitment to shaping a digital future that is inclusive, sovereign, and anchored in shared prosperity

One side event at the African Development Bank Group’s (www.AfDB.org) 2025 Annual Meetings unpacked the use of Artificial Intelligence (AI) as a powerful tool to advance inclusive and sustainable development across the African continent. Held under the theme: “The AI Revolution: How Will AI Support the Delivery of the African…