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African Development Bank Group (AfDB)

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    • Behailu Seboka, founder of Askema Engineering, in his workshop
    • Participants at the ACEA Annual Meeting in Addis Ababa
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Source: African Development Bank Group (AfDB) |

Africa’s Circular Economy gains momentum as innovation meets opportunity

The African Development Bank Group has incorporated circularity into its Ten-Year Strategy 2024–2033, recognising it as a foundation for sustainable prosperity

On the outskirts of Addis Ababa, 30-year-old Behailu Seboka, founder of Askema Engineering, manufactures brake pads from discarded slaughterhouse materials. What began as a university project now employs 268 people and serves 6,400 customers across Ethiopia. "With the right support, we can prove that the circular economy is not only…

African Development Bank Group (AfDB)

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    • Mozambique Receives $2 Million Insurance Premium for Drought Protection as African Risk Financing Programme Reaches $150 Million Milestone
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Source: African Development Bank Group (AfDB) |

Mozambique Receives $2 Million Insurance Premium for Drought Protection as African Risk Financing Programme Reaches $150 Million Milestone

The forum was jointly organised by the government of Mozambique and the African Development Bank to advance ADRiFi's disaster risk financing on the continent

Mozambique received a $2 million insurance premium for drought protection covering the 2025-2026 agricultural season, marking the country's third consecutive year of coverage under the African Development Bank's disaster risk financing programme (www.AfDB.org). The premium was announced during the 2025 Climate and Disaster Risk Financing Forum (CDRFI), held from October…

African Development Bank Group (AfDB)

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    • African Development Fund launches African Development Fund (ADF-16) Delivery and Results Report 2025: Driving Inclusive Growth through Strategic Investments for Impactful Results (1)
    • African Development Fund launches African Development Fund (ADF-16) Delivery and Results Report 2025: Driving Inclusive Growth through Strategic Investments for Impactful Results (2)
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Source: African Development Bank Group (AfDB) |

African Development Fund Launches African Development Fund (ADF-16) Delivery and Results Report 2025: Driving Inclusive Growth through Strategic Investments for Impactful Results

ADF investments helped 2.9 million people gain access to clean water services, connected 500,761 people to electricity (including 251,766 women), and improved health services for 1.2 million people

The African Development Bank Group (www.AfDB.org) today released its African Development Fund (ADF-16) Delivery and Results Report for 2025, demonstrating the Fund's significant impact in supporting sustainable development across Africa's low-income countries. Download Report:  https://apo-opa.co/3W0IhLn  https://apo-opa.co/42BmAoV In a global context marked by economic turbulence, mounting debt, and security challenges, Africa…

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

African Development Bank Group Approves $22.8 Million Grant to Boost Mozambique's Rice Production and Build Climate Resilience

The project is designed to quadruple rice yields, from a ton per hectare to four tons per hectare, and raise annual household incomes from about $590 to $1,000

The African Development Bank Group (www.AfDB.org) has approved a $22.8 million grant from its concessional African Development Fund to strengthen Mozambique's rice value chain and enhance climate resilience, targeting 30,000 smallholder farmers across four provinces. The grant will fund the Rice Value Chain and Climate Resilience Project, which seeks to…

African Development Bank Group (AfDB)

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    • Ntambwe water tower in Central Kasaï
    • Katoy health centre in Kwango province
    • A building in the Mweka market in Kasaï
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Source: African Development Bank Group (AfDB) |

Democratic Republic of Congo: water and health centres changing lives in Kasaï

Change began more than 10 years ago, when the Project for the Reinforcement of Socioeconomic Infrastructure (PRISE) launched a major transformation

Drinking clean water, receiving treatment in a modern health centre or seeing your children study in bright classrooms is no longer a dream in Kasaï province, in the centre of the DRC. Today, it’s real life. In the past, life in Kasaï was subject to painful compromises: "We used to…

African Development Bank Group (AfDB)

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    • African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat
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Source: African Development Bank Group (AfDB) |

African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat

The NCA-COP, launched in 2020 and now comprising more than 500 members from 48 African countries

The African Development Bank Group (www.AfDB.org) has officially announced that it will host the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa NCA-CoP), strengthening its leadership role in integrating natural capital into climate-resilient development strategies across the continent.   As the new host, the Bank Group will provide…

African Development Bank Group (AfDB)

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    • Multilateral development banks hit record $137 billion in climate finance, driving sustainable development worldwide
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Source: African Development Bank Group (AfDB) |

Multilateral development banks hit record $137 billion in climate finance, driving sustainable development worldwide

MDBs mobilized $134 billion in private finance for climate action in 2024, a 33% increase from the year earlier, according to 2024 Joint Report on Multilateral Development Banks' Climate Finance

New report shows climate finance by multilateral development banks rose 10% in 2024 compared with previous year. MDBs’ climate finance for low- and middle-income economies increased 14% to more than $85 billion. Multilateral development banks (MDBs) delivered a record $137 billion in global climate finance last year—a 10% increase that underscores…

African Development Bank Group (AfDB)

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    • (l-r) Mr. Ryuhei YOSHIKAWA, Director, Eco Infrastructure, Chemical Business, Kao Corporation; Solomon Quaynor, VP for Private Sector, Infrastructure & Industrialization, AfDB; Mr. Yoichi MIYAMOTO, President of Japan-Africa Infrastructure Development Association (JAIDA) and Senior Advisor of Shimizu Corporation; Mr. Kazuya OSAKO, Managing Officer and Director, International Civil Engineering Division, Shimizu Corporation; Mr. Tadashi OBAYASHI, General Manager, General Planning Department, THE NIPPON ROAD CO., LTD.; Mr. Marco Yamaguchi, Manager, Transport and Logistics Division, AfDB
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Source: African Development Bank Group (AfDB) |

Ninth Tokyo International Conference on African Development (TICAD9): African Development Bank signs agreement with Shimizu Corporation, Kao Corporation and Nippon Road Co Ltd to advance climate-resilient road maintenance solutions for Africa

The LoI will formalize a framework for mutual cooperation, information and knowledge sharing, as well as the exploration of co-financing opportunities for sustainable infrastructure solutions across Africa

The African Development Bank (www.AfDB.org) has signed a Letter of Intent (LoI)with the Shimizu Corporation, Kao Corporation and The Nippon Road Co Ltd to advance cooperation in the deployment of innovative, climate-resilient road maintenance solutions in Africa. The agreement was signed by Solomon Quaynor, African Development Bank Vice President for…

African Development Bank Group (AfDB)

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    • African Development Bank’s investment anchors first close of $118 million for Africa's leading green infrastructure initiative
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Commits $40 Million to Catalyze the Alliance for Green Infrastructure - Project Development Fund

The Alliance for Green Infrastructure in Africa - Project Development Fund is part of the AGIA initiative, led by the African Development Bank, the African Union Commission, and Africa50

Bank’s investment anchors first close of $118 million for Africa's leading green infrastructure initiative The Fund, managed by Africa50, seeks to raise $400 million of blended, early-stage development capital to deliver a pipeline of investment-ready green infrastructure projects in Africa The African Development Bank Group (www.AfDB.org) has announced $40 million…

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,…