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African Development Bank Group (AfDB)

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    • African Development Bank’s Adesina Warns of Economic Shockwaves from United States (U.S.) Tariffs, Calls for Strategic Global Engagement
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Adesina Warns of Economic Shockwaves from United States (U.S.) Tariffs, Calls for Strategic Global Engagement

Africa should engage the U.S. through “flexible and constructive” trade negotiations, Adesina says in exclusive interview with CNN’s Amanpour

As the United States imposes higher tariffs with global ramifications, African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships.  In an exclusive interview with CNN’s Christiane Amanpour,…

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

African Development Bank Approves $304 Million Loan to Support Botswana's Fiscal Stability and Economic Reforms

The country’s fiscal deficit widened -- from a balanced budget in 2022/23 to 4.7% of GDP in the 2023/24 financial year–– and is projected to reach 6.7% in the current fiscal year

The African Development Bank (www.AfDB.org) has approved a $304 million loan to Botswana to support the southern African country in managing mounting fiscal challenges and implementing key governance and economic reforms.  The funding, approved by the Bank Group’s Board of Directors on Wednesday, will finance the Governance and Economic Resilience…

African Development Bank Group (AfDB)

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    • Family photo after the opening ceremony of the 2025 edition of the African Development Bank's Civil Society Organizations Forum
    • Manager of the Civil Society and Community Engagement Division, Zeneb Touré, symbolically hands over the Civil Society Engagement Action Plan 2024-2028 to Beth Dunford, Vice-President of the African Development Bank Group for Agriculture, Human and Social Development, representing Mr. Akinwumi Adesina, President of the institution
    • family photo after the presentation of the Civil Society Engagement Action Plan 2024-2028 to civil society organizations
    • Testimonies from representatives of civil society organizations on a Bank-funded project covering the Central African Republic and the Democratic Republic of Congo
    • Civil society representatives exchanged with senior management of the Bank Group From left to right: Uche Duru, representing the Director of the Environmental and Social Safeguards and Compliance Department; Dominique Puthod, representing the Director of Strategies and Operational Policies; Nathalie Beatrice Chinje-n Bodiong, Principal Advisor to the Secretary General of the Bank Group; Mariam Diawara, Acting Director of the Independent Review Mechanism; Martha T.M. Phiri, Director of the Human Capital, Youth and Skills Development Department and Acting Director of the Gender, Women and Civil Society Department; Anthony Nyong, Director of the Climate Change and Green Growth Department; Martin Fregene, Director of the Agriculture and Agro-Industry Department
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Source: African Development Bank Group (AfDB) |

2025 Civil Society Forum: African Development Bank and Civil Society Reaffirm Alliance for Africa's Transformation

The forum provided an opportunity for the Bank to present its Civil Society Engagement Action Plan (2024–2028), reaffirming its commitment to an inclusive and participatory development process

The African Development Bank www.AfDB.org has reaffirmed its unwavering commitment to collaborating with African civil society to advance the continent's development agenda. This was a key message of the 2025 Civil Society Organizations (CSO) Forum, which was successfully held on Thursday, May 8, 2025, in Abidjan. The forum, organized under the…

African Development Bank Group (AfDB)

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    • Botswana: AfDB’s support to Lobatse Clay Works
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    • Workers sort newly produced bricks at Lobatse Clay Works. The company has experienced a remarkable revival, partly thanks to strategic investment from the African Development Bank
    • A forklift operator at Lobatse Clay Works loads bricks into trucks for distribution into the local market and export
    • AfDB’s Deputy Director General for Southern Africa, Moono Mupotola inspects freshly manufactured bricks at the revitalized Lobatse Clay Works facility during her recent site visit to the project
    • Sample bricks on display at the revitalized Lobatse Clay Works facility
    • The revitalized Lobatse Clay Works facility resumes full operations with ambitious plans to reclaim and surpass its previous market dominance
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Source: African Development Bank Group (AfDB) |

Rebuilding Botswana's Construction Future: African Development Bank bolsters Lobatse Clay Works revival

Recognizing Lobatse Clay Works’ potential, the African Development Bank provided a loan facility, in partnership with the Botswana Development Corporation to turn around the company’s fortunes

The kilns are firing again—and with them, the economic hopes of a community. In the quiet town of Lobatse, southern Botswana, a decades-old industrial landmark is undergoing a remarkable renaissance. Lobatse Clay Works (LCW), a brick manufacturer that was once the cornerstone of Botswana's construction industry, has been resurrected owing…

African Development Bank Group (AfDB)

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    • At the World Bank/IMF Spring Meetings, African leaders discussed implementing recommendations from an AfDB report, Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa
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Source: African Development Bank Group (AfDB) |

Ahead of Conference of the Parties (COP30), Africa champions new approach to measuring green wealth of countries and incentivizing climate action

Leaders emphasized that a proper valuation of Africa's natural resources would transform the continent's financial landscape by unlocking access to global financial flows, improving national risk profiles, and creating new capacity for investments in green economies and climate-resilient infrastructure

 Proper valuation of natural capital and the ecosystem services it provides, such as carbon sequestration, is a win-win strategy for growing economies— Urama, African Development Bank (www.AfDB.org) We need to make bold decisions and act swiftly to accelerate the measurement of Africa’s green wealth— Suda-Mafudze, African Union Commission. African leaders…

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

Stakeholders acknowledge progress with Zimbabwe arrears clearance dialogue, call for more effort and support

Under the land tenure reform, Chissano and other speakers welcomed the ongoing compensation for former farm owners and the Farm Title Deed programme launched in December 2024

Challenges should not overshadow the good results achieved so far, says former president Chissano “Zimbabwe has made a lot of progress, against all odds. Now, we all should rally around it to conclude this process,” Adesina Former farm owners welcome compensation payment International organisations, creditors, and other stakeholders in the…

African Development Bank Group (AfDB)

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    • African Development Bank Group celebrates 60 years of transformative impact across Africa and 53 years of its operations in Botswana
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Source: African Development Bank Group (AfDB) |

Botswana Vice President Lauds African Development Bank’s 60-Year Legacy, Urges Economic Resilient Africa

VP Gaolathe extols the African Development Bank as “a beacon of Africa's own dream”

Botswana’s Vice President and Finance Minister Ndaba Nkosinathi Gaolathe has urged African leaders to build an economically viable and resilient continent amid global funding challenges, geopolitical tensions, and increased tariff regimes. Speaking at an event marking the African Development Bank Group’s 60 years of transformative impact across Africa and 53…

African Development Bank Group (AfDB)

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    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (1)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (2)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (4)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (5)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development

The African Development Bank’s 2025 African Economic Outlook report to be released during the annual meetings would address the changing global economic landscape

The African Development Bank Group’s (www.AfDB.org) 2025 Annual Meetings next month will take a deep dive into how Africa can better harness its wealth of capital and address current issues such as heavy debt burdens, climate change and rising tariffs in a complex geopolitical landscape, the institution’s Secretary General and Chief…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis (1)
    • African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis (2)
    • African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis (3)
    • African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President Appoints The United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis

Returning to a previously held role where he provided pro bono advice to the Bank, Rt. Hon. Mitchell is passionate about Africa’s development and has extensive knowledge and experience in managing the complexities of global resource mobilization

The African Development Bank Group (www.AfDB.org) President, Dr. Akinwumi Adesina, has appointed the Right Honourable Andrew Mitchell as his Senior Advisor for resource mobilization and policy issues on a pro bono basis. Rt. Hon. Mitchell, whose appointment is effective 7 April 2025, will provide strategic advice on emerging global and…

African Development Bank Group (AfDB)

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    • Members of the African Development Bank team and other participants who worked on Senegal's award-winning $500 million sustainable term loan in Cape Town, South Africa
    • Members of the AfDB team that participated in Rwanda's €200 M award-winning ESG loan in Cape Town
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Source: African Development Bank Group (AfDB) |

CORRECTION: African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards

The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring

Two African Development Bank Group (www.AfDB.org)-supported projects have garnered top honours at the 2025 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/4lvavcK) conference. A $500 million sustainable term loan facility in Senegal (https://apo-opa.co/4i1gUt8) was named Sovereign Syndicated Loan Deal of the Year, while Rwanda’s €200 million ESG loan (https://apo-opa.co/3RxvfTd) was awarded ESG…