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African Development Bank Group (AfDB)

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    • Abdul Kamara, Director General of the AfDB's Nigeria Country Department (ninth from left), and ADI Director Eric Ogunleye (seventh from left), with senior Bank officials, Nigerian Economic Society Council members, and delegates from Africa's transition states
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Source: African Development Bank Group (AfDB) |

African Experts Urge Governance Reforms, Domestic Resource Mobilization, and Stronger Partnerships to Drive Economic Transformation in Transition States

Africa’s transition states are the continent’s most vulnerable economies, facing a wide range of political, economic, security and environmental challenges, and striving for greater stability and resilience

African economists and development leaders have called for sweeping governance reforms, stronger domestic resource mobilization, and innovative partnerships to accelerate economic transformation across the continent’s transition states.  The call came at a high-level Policy Dialogue organized by the African Development Institute (ADI) of the African Development Bank Group (AfDB) during…

African Development Bank Group (AfDB)

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    • African Development Institute Director Eric Ogunleye (fifth from left) and Nigerian Economic Society Council Members, including their President, Prof. Adeola Adenikinju (sixth from right), at the opening session of the 66th NES Annual Conference
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Source: African Development Bank Group (AfDB) |

African leaders, African Development Bank (AfDB) push for governance reforms, regional integration for Africa’s transformation at Nigerian Economic Society Conference

The 2025 NES conference has drawn more than 2,500 delegates from 22 African countries, including economists, policymakers, academics, and international partners

African leaders, experts, the African Development Bank (www.AfDB.org) and development partners have called for urgent reforms to strengthen governance, deepen regional integration, and drive inclusive growth across the continent. Opening the Nigerian Economic Society’s (NES) 66th Annual Conference in Abuja on Tuesday, Nigeria’s Vice President Kashim Shettima stated that Nigeria’s…

African Development Bank Group (AfDB)

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    • Minister Ludovic Ngatsé and AfDB Director General Léandre Bassolé present the signed grant agreement in Brazzaville during the Bank's mission to the Republic of Congo
    • Minister Ludovic Ngatsé and AfDB Director General Léandre Bassolé signing the grant agreement in Brazzaville
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Source: African Development Bank Group (AfDB) |

Republic of Congo and the African Development Bank sign $602,000 grant agreement to rebase national accounts

The project will update the base year for calculating Congo’s national economic indicators from 2005, adopting the 2008 System of National Accounts (SNA 2008) in line with international standards

The Government of the Republic of Congo and the African Development Bank Group (AfDB) (www.AfDB.org) have signed a $602,000 grant agreement to support the rebasing of the country’s national accounts, a critical step toward modernising its economic statistics and enhancing fiscal transparency. The agreement was signed on 4 August in…

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

Briefing Highlights: How the African Development Fund is Financing Africa’s Future in a Shifting Global Landscape

The media-focused event convened development partners, journalists, and policymakers for an in-depth conversation on the Fund’s role in financing economic transformation

The African Development Fund, the African Development Bank Group’s (www.AfDB.org) concessional financing arm, was the focus of a special edition of the African Transformation Briefing co-hosted by the African Center for Economic Transformation (ACET) and the Global Strategic Communications Council. Moderated by ACET Communications Manager Belinda Ayamgha, the session was…

African Development Bank Group (AfDB)

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    • The African Development Bank is providing financial and technical assistance to The Gambia, Guinea-Bissau, Madagascar and Togo to strengthen the business environment and promote the private sector in the four countries
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Source: African Development Bank Group (AfDB) |

The African Development Bank approves a grant of over $5 million to strengthen public-private partnerships in The Gambia, Guinea-Bissau, Madagascar and Togo

The project aims to strengthen the public–private partnership (PPP) environment in four countries, with the goal of catalysing private investment

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a grant of $5.3 million to implement the Project to Strengthen the Public-Private Partnership Environment for the Promotion of Private Investment in The Gambia, Guinea-Bissau, Madagascar and Togo. The project, approved in Abidjan on 27 June 2025,…

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

African Development Bank commits to Zambia’s Private Sector Growth at Investment Conference

The event featured presentations from sectoral and financial experts across key Bank departments, providing participants with actionable insights into the Bank’s extensive capabilities

The African Development Bank (https://www.AfDB.org/) reaffirmed its strong support for Zambia’s private sector-led transformation by hosting a strategic side event during the inaugural Invest in Zambia International Conference (IZIC). The high-profile session, themed “Catalyzing Private Sector Growth: Unlocking AfDB’s Financing Toolkit in Zambia,” successfully engaged private companies, financial institutions, development…

African Development Bank Group (AfDB)

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    • Photo: African Development Bank Group President, Dr. Akinwumi Adesina (center), and Bank Vice President Dr. Beth Dunford (left) join other MADE Alliance: Africa leadership and members in welcoming the World Bank as Alliance co-chair
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Source: African Development Bank Group (AfDB) |

World Bank Group joins African Development Bank Group and Mastercard as Co-Chair of Mobilizing Access to the Digital Economy (MADE) Alliance: Africa

The World Bank Group will contribute to the initiative its expertise, data driven insights, and experience supporting sustainable digital transformation

The World Bank Group has signed on as co-chair of the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa, joining current co-chairs the African Development Bank Group (www.AfDB.org) and Mastercard in an initiative to provide digital access to critical services for 100 million individuals and businesses across Africa by…

African Development Bank Group (AfDB)

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    • Mr. Daniel Ndoye, the Bank's country manager, noted similarities between the report's conclusions and the strategies currently being implemented in Burkina Faso
    • The session brought together more than 80 participants
    • Mr Abdoulaye Diop, President of the UEMOA Commission, praised the AfDB's initiative
    • Mr Souleymane Nabolé, representing the Minister of Economy and Finance, satisfied with AfDB-Burkina Faso cooperation
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Source: African Development Bank Group (AfDB) |

2025 Country Focus Report: Burkina Faso urged to make better use of national resources to finance its development

Country Focus Reports are designed to inform national policies and foster dialogue between states and their partners

The African Development Bank's 2025 Country Focus Report for Burkina Faso (www.AfDB.org), the national version of the African Economic Outlook, was officially launched on 18 July 2025 in Ouagadougou. The ceremony was chaired by Souleymane Nabolé, Technical Advisor, representing the Minister of Economy and Finance, in the presence of Daniel…

African Development Bank Group (AfDB)

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    • Group of STEG agents and Bank representatives
    • Deputy Director SICAM
    • STEG Gas Commissioning
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Source: African Development Bank Group (AfDB) |

Tunisia: From Heavy Fuel Oil to Natural Gas — The Société Tunisienne de l'Électricité et du Gaz (STEG) Project Powers Energy and Industrial Transition in Northwestern Tunisia

Beyond residential connections, many businesses are benefiting from the switch to natural gas — with positive impacts on performance, production costs, and environmental sustainability

In the industrial zones of northwestern Tunisia, a quiet revolution is transforming how businesses operate and communities live. Where heavy fuel oil once dominated the energy landscape, natural gas now flows through newly constructed pipelines, bringing cleaner air and economic opportunity to a region that has long waited for such…

African Development Bank Group (AfDB)

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    • Niger: African Development Bank extends loan of over $144 million to enhance energy access and economic competitiveness
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Source: African Development Bank Group (AfDB) |

Niger: African Development Bank extends loan of over $144 million to enhance energy access and economic competitiveness

Niger’s Energy Sector Governance and Competitiveness Support Program is expected to address governance challenges by strengthening public financial management systems, particularly tax revenue mobilization and tax revenue control system

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of $144.27 million to Niger for the first phase of a program that will reform energy sector laws and address the country's critical power shortage. Niger’s Energy Sector Governance and Competitiveness Support Program is expected…