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

Dig deep to aim high: how to use mining to unlock Mauritania’s potential (By Malinne Blomberg)

The Bank’s financial support goes hand in hand with a strong commitment to the country's compliance with environmental and social standards

By Malinne Blomberg These are exciting times in Mauritania. This nation connecting West and  North Africa is transforming its economy through mining, green hydrogen, and natural gas. During the campaign for presidential elections, held on June 29, President Ould Ghazouani announced he would scale up the mining industry if re-elected. Here…

African Development Bank Group (AfDB)

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    • Participants in the Uganda Just Transition Framework workshops, held in Kampala, June 19-20, 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank, Climate Investment Funds Spearhead Just Transition Workshops in Uganda

The two-day event brought together key stakeholders to ensure that the shift towards a clean economy doesn't leave vulnerable communities behind

The African Development Bank Group (www.AfDB.org) and the Climate Investment Funds (CIF) have launched a series of groundbreaking workshops aimed at integrating 'just transition' principles into Uganda's sustainable development strategy. The two-day event brought together key stakeholders to ensure that the shift towards a clean economy doesn't leave vulnerable communities…

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    • Senior leaders from the African Development Bank and the Japan International Cooperation Agency met in Tokyo to align on key priorities
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Source: African Development Bank Group (AfDB) |

African Development Bank and Japan International Cooperation Agency (JICA) Align Priorities Ahead of 9th Tokyo International Conference on African Development (TICAD9) Summit

JICA expressed interest in cooperation opportunities, particularly in Nigeria and Ethiopia

The African Development Bank Group (www.AfDB.org) and the Japan International Cooperation Agency (JICA) have underscored the critical need for blended and innovative finance mechanisms to back Africa’s efforts to tackle climate change. In a meeting held in Tokyo on 20 June 2024, both sides agreed that providing more productive concessional…

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    • African Development Bank secures $18 million Global Environment Facility (GEF) funding for Zambezi Basin and E-waste projects (1)
    • African Development Bank secures $18 million Global Environment Facility (GEF) funding for Zambezi Basin and E-waste projects (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank secures $18 million Global Environment Facility (GEF) funding for Zambezi Basin and E-waste projects

The Zambezi River Basin project, estimated to cost $9.45 million, is expected to benefit millions through advancements in agriculture, fisheries, and dam operations

The African Development Bank (www.AfDB.org) has secured more than $18 million in funding from the Global Environment Facility (GEF) for two major projects aimed at bolstering environmental sustainability and resilience across Africa. The first project, "Strengthening Zambezi River Basin Management towards Climate Resilience and Ecosystem Health," has been allocated $10.57…

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    • Completion of the Trans-Gambia Bridge will facilitate efficient movement of goods and people
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Source: African Development Bank Group (AfDB) |

Bridging Progress: African Development Bank powers The Gambia’s leap into the future

The Trans-Gambia Bridge and its ancillary road network link major routes and destinations, promoting the efficient movement of goods and people, supporting trade, raising incomes and improving livelihoods throughout West Africa

The African Development Bank’s (www.AfDB.org) investments in The Gambia’s energy sector have significantly improved access to affordable and reliable electricity, with at least 70% of Gambians projected to have power by the end of 2024 (50% in rural areas), according to a recent Bank country progress report. Notable projects include…

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    • Mark Zellenrath, Director Multilateral Institutions and Human Rights at the Ministry of Foreign Affairs of the Kingdom of the Netherlands (center, in grey/blue) and Bank Vice President Dr. Beth Dunford (right with scarf) and respective delegations at the Bank’s Annual Meetings in Nairobi
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Source: African Development Bank Group (AfDB) |

Annual Meetings 2024: Netherlands bolsters Africa's climate resilience with $27 million disaster financing pledge to African Development Bank

With this commitment, signed earlier this month, the Netherlands becomes the sixth contributor to the Fund, operated by the Bank Group to boost Africa’s resilience and responsiveness to climate shocks

Representatives from the Kingdom of the Netherlands and the African Development Bank Group (www.AfDB.org) this week discussed further details of the Dutch government’s recent $27 million financial commitment to the Africa Disaster Risk Financing Program Multi-Donor Trust Fund. With this commitment, signed earlier this month, the Netherlands becomes the sixth…

African Development Bank Group (AfDB)

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    • l-r) Somalia Minister of Finance Bihi Egeh, South Sudan Governor of the Central Bank (Alternate Governor) Dr. James Alic Garang, Union of the Comoros Finance Minister Mzé Abdou Mohamed Chanfiou, AfDB Vice Pres. Dr. Beth Dunford, Djibouti Minister of Economy and Finances Ilyas Moussa Daweleh and Bank Director General for East Africa Nnenna Nwabufo were among the officials taking part in the signing ceremony
    • Djibouti Minister of Economy and Finances H.E. Ilyas Moussa Daweleh and VP Dunford pose for the press after signing the project documents
    • Annual Meetings 2024: Comoros, Djibouti, Somalia and South Sudan join $35 million African Development Bank climate disaster risk financing project
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Source: African Development Bank Group (AfDB) |

Annual Meetings 2024: Comoros, Djibouti, Somalia and South Sudan join $35 million African Development Bank climate disaster risk financing project

The Bank’s Board of Directors approved the Multi-National Climate Disaster Risk Financing Project on 3 May 2024

The African Development Bank Group (www.AfDB.org) Vice President for Agriculture, Human and Social Development joined finance ministers and representatives from Comoros, Djibouti, Somalia and South Sudan for the signing agreement for a $35 million project to build resilience and responses to climate shocks. The signings took place on the sidelines…

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

African Development Bank Group Annual Report 2023: Effective delivery, operations and innovation build resilience and recovery for its African members post Covid-19

The Annual Report reports that Bank Group approvals for 2023 (UA 8.03 billion) were 30 percent higher than those for 2022 (UA 6.16 billion), and close to the highest approvals in the history of the Bank Group

In 2023, approvals for climate finance registered a substantial increase over the previous year, reaching $5.8 billion, representing 55% of total approvals; Bank achieves strong net income- UA 1,729.89 million. Download document (1): https://apo-opa.co/3VtjUFB Download document (2): https://apo-opa.co/3VblGel Download document (3): https://apo-opa.co/3VblHyV The African Development Bank Group released its Annual Report for 2023…

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

REISSUE: African Development Bank Group Unveils New Ten-Year Strategy 2024–2033

Central to the 2024–2033 strategic vision is the belief in Africa’s vast potential for societal and economic transformation

The African Development Bank Group (www.AfDB.org) has unveiled its new Ten-Year Strategy 2024–2033 (https://apo-opa.co/4aKxNom), a blueprint to confront Africa’s pressing challenges and to help put the continent firmly back on track towards sustained economic growth and prosperity. Unveiling the strategy during the Bank Group’s Annual Meetings in Nairobi, Kenya, African Development…

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    • African Development Bank advocates for agritech scaling, partnerships and affordable fertilizer access at Africa Fertilizer and Soil Health Summit
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Source: African Development Bank Group (AfDB) |

African Development Bank advocates for agritech scaling, partnerships and affordable fertilizer access at Africa Fertilizer and Soil Health Summit

The event will explore solutions to widespread declines in farmland soil quality and build consensus on an African Fertilizer and Soil Health Action Plan

This week, the African Development Bank Group (www.AfDB.org) will leverage its deep expertise and convening power to highlight the crucial role of agricultural technologies, fertilizer and healthy soils in driving sustainable agricultural growth at the Africa Fertilizer and Soil Health Summit in Nairobi. Representing Bank Group President Dr. Akinwumi A.…