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

African Development Bank Concludes Strategic High-Level Mission to Ghana, Identifies Five Key Areas for Transformational Partnership

Bank commits to supporting Ghana's 24-hour Economy initiative, infrastructure, Public-Private Partnership development, and domestic capital mobilization under President Mahama's administration

Representatives of the African Development Bank Group (www.AfDB.org) have concluded a week-long high-level mission to Ghana, marking the institution's first major engagement with the country's new administration under President John Dramani Mahama. The delegation, led by Solomon Quaynor, the Bank Group’s Vice President for Private Sector, Infrastructure, and Industrialization, conducted…

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

African Development Bank Launches Inaugural Integrate Africa Magazine (I.A.M) to tell a New African Story on Regional Integration

With the Bank’s new Ten-Year Strategy (2024-2033) firmly rooting Integrate Africa as a major pillar, the conversations centred on what is to come following 10 years of investing in Africa’s integration

The African Development Bank Group ( www.AfDB.org) has unveiled its first edition of Integrate Africa Magazine (I.A.M.) during a colourful ceremony at the Sofitel Hotel, Abidjan. The event, held on Monday 26 May as part of the Bank’s 2025 Annual Meetings, marks the beginning of a new African story – celebrating…

African Development Bank Group (AfDB)

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    • The knowledge event, organized by Côte d'Ivoire — host of the African Development Bank Group’s 2025 Annual Meetings — provided a platform to explore how best to mobilize and leverage Africa's capital for development
    • Koffi N'Guessan, Ivorian Minister of Vocational Training and Apprenticeships, emphasized the need to train Africa's youth to meet the needs of the private sector
    • Hervé Lohouès, Division Manager in the Country Economics Department at the African Development Bank, underlined the importance of taking natural resources into account when calculating the GDP of African countries
    • 2025 Annual Meetings: Africa’s Vast Human and Natural Capital Key to Achieving African Union's Agenda 2063, experts affirm (1) (FR)
    • 2025 Annual Meetings: Africa’s Vast Human and Natural Capital Key to Achieving African Union's Agenda 2063, experts affirm (2) (PT)
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Source: African Development Bank Group (AfDB) |

2025 Annual Meetings: Africa’s Vast Human and Natural Capital Key to Achieving African Union's Agenda 2063, experts affirm

Agenda 2063 -- adopted in January 2015 by the African Union – remains the strategic framework for the continent's economic and social transformation

Africa, the world's youngest continent with immeasurable natural resources, has all it needs to achieve the African Union's Agenda 2063, provided the right public policies are implemented, according to government officials and development experts. The experts expressed this shared conviction on Monday during the 2025 Annual Meetings of the African…

African Development Bank Group (AfDB)

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    • AfDB Senior Vice president Marie-Laure Akin Olugbade (third from left), Vice President Kevin Urama (fourth from right) and high-level attendees at the launch of the African Economic Outlook during the AfDB Annual Meetings
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Source: African Development Bank Group (AfDB) |

African Economic Outlook 2025—Africa’s short-term outlook resilient despite global economic and political headwinds

With the right policies, Africa has the potential to mobilize an additional $1.43 trillion in domestic resources from both tax and non-tax revenue sources, and curbing leakages

Africa’s economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development Bank Group (www.AfDB.org) said Tuesday in its flagship 2025 African Economic Outlook report.  Despite the prevailing domestic and…

African Development Bank Group (AfDB)

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    • By investing in Arise IIP, the African Development Bank will contribute to the construction of special economic zones across Africa
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Source: African Development Bank Group (AfDB) |

The African Development Bank approves an investment of US$100 million in Arise Integrated Industrial Platforms Limited.

Arise IIP seeks to replicate its successful industrial platform implementation experience in Gabon, Togo and Benin by establishing Special Economic Zones across other African countries with the aim of improving Africa’s export competitiveness

The Board of Directors of the African Development Bank (www.AfDB.org) has approved an investment of $100 million in the industrial platform developer and operator Arise Integrated Industrial Platforms Ltd (Arise IIP) to contribute to funding industrial parks and special economic zones across Africa as a part of our industrialization strategic…

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…