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African Development Bank Group (AfDB)

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    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity (1)
    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity (2)
    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity (3)
    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity (4)
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    • Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity
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Source: African Development Bank Group (AfDB) |

Africa’s Artificial Intelligence (AI) Revolution: African Development Bank report projects $1 trillion in additional Gross Domestic Product (GDP) by 2035 with use of AI to enhance productivity

The report asserts that realising the potential of AI depends on five interlinked enablers: data, compute, skills, trust, and capital

The African Development Bank (www.AfDB.org) has released a report establishing a strategic roadmap for unlocking the economic and social potential of artificial intelligence (AI) across Africa. Developed under the G20 Digital Transformation Working Group, Africa’s AI Productivity Gain: Pathways to Labour Efficiency, Economic Growth and Inclusive Transformation  gives an overview…

African Development Bank Group (AfDB)

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    • African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries (1)
    • African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries (2)
    • Govt, SADC, and AfDB representatives join stakeholders for the 2025 World Fisheries Day celebrations in Botswana
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Source: African Development Bank Group (AfDB) |

African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries

$9.2 million initiative boosts cross-border fish trade to over 500,000 tonnes, creating jobs and strengthening food security across Southern Africa

A regional initiative that has overhauled aquatic resource management and boosted cross-border fish trade is now improving the lives of nearly three million people across Southern Africa —raising fish production, consumption, and incomes. The Program for Improving Fisheries Governance and Blue Economy Trade Corridors (PROFISHBLUE) (https://apo-opa.co/3Y8pOgL) has generated cross-border trade volumes…

African Development Bank Group (AfDB)
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African Development Bank approves landmark $1.78 billion strategy to support transformation of Namibia's economy and create jobs

The Namibia CSP aligns with the Bank Group's Four Cardinal Points, Namibia's Vision 2030, and Africa's Agenda 2063

The African Development Bank Group's (www.AfDB.org) Board of Directors has approved a Country Strategy Paper (CSP) for Namibia committing $1.78 billion to support economic transformation and inclusive growth in the 2025-2030 period. The financing is expected to pave the way job for creation and economic diversification while also addressing key…

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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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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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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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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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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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…