African Development Bank Group (AfDB)
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    • African Development Bank Group President Dr. Akinwumi Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s operations, which have impacted more than half a billion lives over the past decade
    • African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact
    • African Heads of State and Government display copies of the Dar es Salaam Energy Declaration at the closing session of the Africa Energy Summit, 28 January 2025
    • “The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” said Dr. Adesina
    • The Africa Investment Forum, a joint effort with eight other partner institutions, has mobilized over $200 billion in infrastructure investment commitments. (Picture: Africa Investment Forum Founding Partners and other officials during the Opening Session of the Africa Investment Forum 2024 Market Days, Rabat, 4 December 2024)
    • UN Secretary-General António Guterres reiterated calls for reform of the international financial architecture
    • Barbados Prime Minister Mia Mottley emphasized Africa’s strategic role in shaping global economic trends, as the continent controls 40% of the world’s minerals
    • Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity in addressing Africa’s challenges
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Source: African Development Bank Group (AfDB) |

CORRECTION - African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact

Under Adesina’s presidency, the Bank achieved its largest-ever capital increase, growing from $93 billion in 2015 to $318 billion currently

“It’s been my greatest honor to serve you and Africa”—Adesina tells African leaders Governments across Africa pay tribute to Adesina’s exceptional leadership UN Secretary General Guterres says global financial architecture hampering Africa’s development, calls for reforms African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina, delivered a compelling farewell address…

African Development Bank Group (AfDB)
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    • Mrs. Nnenna Nwabufo – Vice President - Regional Development, Integration and Business Delivery – African Development Bank Group, offering the welcome remarks
    • Participants at the Session (1)
    • Dr. Joy Kategekwa - Director, Regional Integration Coordination Office at the African Development Bank Group (2nd from right) with Participants including His Excellency the Minister of Trade and Regional Integration of Ethiopia, Dr Kasahun Gofe (Middle)
    • A group photo of Speakers during the High-Level Strategic Dialogue on Accelerating Visa-free Movement for Africa’s transformation and integration. They incude Mrs. Nnenna Nwabufo - Vice President, Regional Development, Integration and Business Delivery at the African Development Bank Group (4th from left) and H.E. Mr. Albert Muchanga - Commissioner for Economic Development, Trade, Tourism, Industry and Minerals at the African Union Commission (5th from left)
    • H.E. Mr. Albert Muchanga - Commissioner for Economic Development, Trade, Tourism, Industry and Minerals at the African Union Commission, delivering the Keynote Address
    • Dr. Joy Kategekwa - Director, Regional Integration Coordination Office - African Development Bank Group and Dr. Sabelo Mbokazi – Head, Employment, Labour and Migration Division – African Union Commission during the joint announcement of the 2025 Visa-Free Roadshow
    • Ometere Omoluabi-Davies – Principal Regional Integration Coordinator – Regional Integration Coordination Office at the African Development Bank Group, presenting the 9th edition of the Africa Visa Openness Index Report
    • Honorable Prudence Sebahizi, Minister of Trade and Industry, Rwanda
    • African Union Youth Envoy - Chido Mpemba on a call to action
    • Participants at the session (2)
    • Participants at the session (3)
    • Africa’s Business Sector sharing reflections on the theme (2nd from left Dr Amany Asfour - President, African Business Council, 2nd from right Ms. Allen Asiimwe - Deputy Chief Executive Officer, TradeMark Africa, First from right Mr. Mulualem Syoum – Chief Executive Officer, AeTradeGroup)
    • Policymakers in a roundtable discussion on model practices to accelerate Visa-Free movement in Africa (From left - right H.E. Gilberto Da Piedade VERISSIMO - Chairperson - Economic Community of Central African States, ECCAS, H.E. Ms. Veronica Nduva – Secretary General, East African Community, EAC, H.E. Mr. Elias Magosi – Executive Secretary – Southern African Development Community, SADC, H.E. Dr Kasahun Gofe, Minister of Trade and Regional Integration of Ethiopia, Brian Tamuka Kagoro - Pan-Africanist and Managing Director Programs, Open Society Foundations)
    • Participants at the session (4)
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Source: African Development Bank Group (AfDB) |

African ministers hold strategic dialogue on visa-free movement to propel regional integration agenda for Africa’s Transformation

The presentation reported that 39 African countries have improved their scores since 2016, indicating that visa openness across Africa is at its highest level since the inception of the index

On the sidelines of the 38th African Union Summit, African leaders discussed obstacles to the continent’s economic integration, underscoring visa-free movement to reduce illegal migration and strengthen official travel channels.  The high-level dialogue, convened by the African Development Bank Group and the African Union Commission alongside the AU Summit, brought…

African Development Bank Group (AfDB)
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    • African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact
    • African Development Bank Group President Dr. Akinwumi Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s operations, which have impacted more than half a billion lives over the past decade
    • African Heads of State and Government display copies of the Dar es Salaam Energy Declaration at the closing session of the Africa Energy Summit, 28 January 2025
    • The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” said Dr. Adesina
    • The Africa Investment Forum, a joint effort with eight other partner institutions, has mobilized over $200 billion in infrastructure investment commitments. (Picture: Africa Investment Forum Founding Partners and other officials during the Opening Session of the Africa Investment Forum 2024 Market Days, Rabat, 4 December 2024.)
    • UN Secretary-General António Guterres reiterated calls for reform of the international financial architecture
    • Barbados Prime Minister Mia Mottley emphasized Africa’s strategic role in shaping global economic trends, as the continent controls 40% of the world’s minerals
    • Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity in addressing Africa’s challenges
  • All (8)
Source: African Development Bank Group (AfDB) |

African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact

During the final day of the assembly, several African governments and AU officials paid tribute to Dr. Adesina for his exceptional leadership of the Bank and strong global advocacy for Africa, He ends his tenure as the Bank Group’s president on 1st September 2025

“It’s been my greatest honor to serve you and Africa”—Adesina tells African leaders Governments across Africa pay tribute to Adesina’s exceptional leadership UN Secretary General Guterres says global financial architecture hampering Africa’s development, calls for reforms African Development Bank Group (www.AfDB.org/en) President Dr. Akinwumi A. Adesina, delivered a compelling farewell address…

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    • At the launch of the "Africa's Macroeconomic Performance and Outlook 2025" report, African Development Bank Group leaders and senior officials present copies of the report. In the front row, from left to right, Albert Muchanga, Commissioner of the African Union, Kevin Urama, Vice President of the Bank Group, Ahmed Shide, Minister of Finance of Ethiopia (far right), and Nnenna Nwabufo, Vice President of the Bank Group (2nd from left). In the second row (center), Beth Dunford, Bank Group Vice President for Agriculture, Human and Social Development; Alemayehu Taffesse of the International Food Policy Research Institute (far left); Mothae Maruping, Chairman of the Board of Directors of the African Risk Capacity Group (far right)
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Source: African Development Bank Group (AfDB) |

African Development Bank: New report highlights Africa’s strengthening economic growth amid global challenges

The continent also continues to grapple with geopolitical tensions, structural weaknesses, climate-related disasters, and prolonged conflicts in regions such as the Sahel and the Horn of Africa

Growth rates above 5 percent expected in close to half of the continent’s countries in 2025; 12 of world’s 20 fastest growing economies will be African Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according to the 2025 Macroeconomic Performance and Outlook (MEO) report…

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    • The African Development Bank's financial support for Zambia aims to increase private sector participation in the economy, with a particular emphasis on agro-industrial development and climate-smart investments
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Source: African Development Bank Group (AfDB) |

Zambia: African Development Bank grants loan of $108 million to strengthen economic governance

The funds allow the implementation of the Fiscal Sustainability and Economic Resilience Support Programme which is a key pillar in efforts to build a resilient and diversified Zambian economy

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $108 million to Zambia for an initiative aimed at strengthening the country's economic governance and implement reforms in key public sectors. The funds allow the implementation of the Fiscal Sustainability and Economic Resilience Support Programme…

Source: African Development Bank Group (AfDB) |

Chad: African Development Fund Provides €44 Million for Road Connecting Eastern and Southern Regions

As a landlocked country in Central Africa, Chad is a long distance from the sea, and the new road will help to reduce the very high transport costs along the major regional corridors

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved grants worth €44.16 million to Chad  on 22 November 2024 to construct the roughly 50 km Kyabé-Mayo section of the road between Kyabé and Singako. a distance of 49.5 km, combined with the construction of a 55-metre bridge. The funding…

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    • Africa must strengthen accountability and governance to prosper -- Botswana President Duma Boko (1)
    • Africa must strengthen accountability and governance to prosper -- Botswana President Duma Boko (2)
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Source: African Development Bank Group (AfDB) |

Africa must strengthen accountability and governance to prosper -- Botswana President Duma Boko

As African Economic Conference opens, leaders call for bold reforms and decisive action to accelerate Africa's dream of becoming a global powerhouse

Africa’s economic success and sustainability are intrinsically linked to accountable governance, Botswana’s President, Duma Boko, stressed at the opening of the 2024 African Economic Conference in Gaborone. “Peace and stability in Africa must be anchored on accountable and responsive governance,” the president said adding, “This is a fundamental human right…

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    • Registration Opens for the 2024 African Economic Conference
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Source: African Development Bank Group (AfDB) |

Registration Opens for the 2024 African Economic Conference

This year’s conference will provide a platform for African countries to address pressing economic challenges and strengthen their resilience to growing global pressures

Registration is now open for the 2024 African Economic Conference (AEC), a flagship event co-hosted by the African Development Bank (www.AfDB.org), the United Nations Economic Commission for Africa (ECA), and the United Nations Development Programme (UNDP). Taking place in Gaborone, Botswana, from 23 to 25 November, the conference will bring…

Source: African Development Bank Group (AfDB) |

Speech Delivered by Dr. Akinwumi A. Adesina, President and Chairman, Boards of Directors, African Development Bank Group at the High-Level Event, 29th Conference of the Parties (COP 29) “Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa”

When the value of Africa’s vast forest and environmental services, and natural capital, are properly valued, the size of its rebased GDP taking this into account will be much higher

Your Excellency, President Sassou Nguesso, President of the Republic of Congo Your Excellencies, Heads of State and Government Your Excellencies, Vice Presidents, Prime Ministers Your Excellencies, ladies and gentlemen. I wish to thank you all for taking the time to be here today for the Heads of State High-Level Dialogue…

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    • African Development Bank Group and JICA sign landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan to boost the African Development Fund. Japan, October 2024
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Source: African Development Bank Group (AfDB) |

Japan boosts African Development Fund with Japanese yen (JPY) 51.67 billion concessional loan

Additional resources to drive much-needed development in Africa's least-developed and fragile countries

The African Development Bank Group (www.AfDB.org) and the Japan International Cooperation Agency (JICA) have signed a landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan (CDL) agreement towards the African Development Fund.   The loan, pledged by the Japanese government at the 16th general replenishment of the resources of the…