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African Development Bank Group (AfDB)

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    • Discussions between the US delegation and the African Development Bank Group identified several areas of cooperation between US priorities and the institution's interventions in Côte d'Ivoire, paving the way for joint initiatives starting in 2026, particularly in support of the private sector
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Source: African Development Bank Group (AfDB) |

Côte d'Ivoire: the African Development Bank Group and the United States discuss joint opportunities to support economic transformation

The US delegation presented the country’s trade strategy in Côte d'Ivoire, developed by a specific working group (the US Embassy Prosperity Working Group)

A senior African Development Bank (www.AfDB.org) official met with a high-level United States delegation at the Bank’s headquarters on 17 November to discuss ways to deepen cooperation and strengthen support for Côte d’Ivoire’s economic transformation and investment priorities. The meeting was led on the Bank side by Joseph Martial Ribeiro, Deputy…

African Development Bank Group (AfDB)

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    • The African Development Bank Group is providing USD 500 million in budget support to the Federal Republic of Nigeria to help improve the country's non-oil revenues and to expand fiscal space
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank Group loans $500 million to support economic governance and energy transition

Benefits will also accrue to private businesses in the form of improved investment climate and opportunities in the energy sector at the level of individual states of the Federation, and from the creation of an environment more conducive to public-private partnerships

The Board of Directors of the African Development Bank Group (www.AfDB.org), meeting in Abidjan, approved a $500 million loan to the Government of the Federal Republic of Nigeria to finance the second phase of the Economic Governance and Energy Transition Support Programme. The policy-based operation is for fiscal years 2024…

African Development Bank Group (AfDB)

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    • The African Development Fund is providing significant support to Benin to increase the private sector's contribution to the country's economy
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Source: African Development Bank Group (AfDB) |

Benin: the African Development Fund grants an additional $28 million in financing to boost the private sector’s contribution to the country's economy

The objective of this financial support is to increase the contribution made by Benin's private sector to the economy

The Board of Directors of the African Development Fund approved additional financing of $28 million for Benin to continue the Economic Governance and Private Sector Development Support Programme (PAGE-DSP) on 24 November 2025. Following phases I and II, which were successfully implemented in 2023 and 2024, respectively, the objective of…

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    • African Development Bank Approves $500 Million Strategy to Drive Inclusive Growth and Economic Resilience in Sierra Leone
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $500 Million Strategy to Drive Inclusive Growth and Economic Resilience in Sierra Leone

The Five-Year Country Strategy Paper targets infrastructure development and agricultural transformation to accelerate the path to middle-income economy

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a new Country Strategy Paper (CSP) for Sierra Leone for 2025–2030, committing approximately $500 million over the next five years to foster sustainable economic growth, strengthen resilience to fragility, and promote inclusive development.   The strategy is built…

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    • Zambian President Hakainde Hichilema (right) welcomes African Development Bank President Dr. Sidi Ould Tah to State House in Lusaka
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Zambia Affirms Strong Support for African Development Bank (AfDB) President Ould Tah’s vision for New African Financial Architecture

Dr Ould Tah thanked President Hichilema and the Zambian people for hosting the ADF-17 replenishment meeting, a key milestone in mobilising concessional resources for Africa’s most vulnerable countries

Zambia has voiced strong backing for African Development Bank Group (www.AfDB.org) President Dr Sidi Ould Tah’s push for a new African financial architecture that strengthens the continent’s economic sovereignty. Zambian President Hakainde Hichilema expressed this support during discussions with Dr Ould Tah at State House in Lusaka on 9 October…

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    • Ali Lamine Mahamane Zeine, Prime Minister of Niger, and Sidi Ould Tah, President of the African Development Bank Group (right), present the documents corresponding to the $144.7 million financing agreement aimed at developing Niger’s energy sector and improving the competitiveness of its private sector
    • Sidi Ould Tah, President of the African Development Bank Group (right), and Ali Lamine Mahamane Zeine, Prime Minister of Niger, sign a $144.7 million financing agreement at the institution's headquarters in Abidjan to improve energy access and private sector competitiveness in Niger
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Source: African Development Bank Group (AfDB) |

African Development Bank Group and Niger sign $144.7 million agreement to boost energy access, economic competitiveness and resilience

A key component of the project focuses on developing renewable energy capacity, with plans for 240 MW of solar power by 2030, including 50 MW by December 2026

African Development Bank Group (www.AfDB.org) President Sidi Ould Tah and Niger’s Prime Minister, Ali Mahamane Lamine Zeine, have signed a $144.7 million financing agreement to improve energy access and private sector competitiveness. The agreement, signed at the institution’s headquarters in Abidjan, provides budgetary support from the African Development Fund, the…

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    • African Development Bank Group Board Approves New Strategy to Drive Economic Diversification and Private Sector-led Inclusive Growth in Lesotho
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Board Approves New Strategy to Drive Economic Diversification and Private Sector-led Inclusive Growth in Lesotho

The new strategy aims to address these vulnerabilities by unlocking private sector growth, creating sustainable employment, and building stronger institutions

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a new $209 million Country Strategy Paper (CSP) for Lesotho, setting out a roadmap to accelerate the country’s transition toward economic diversification, resilience, and inclusive growth over the next five years. The approval comes at a crucial…

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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…

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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…