We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Equatorial Guinea: the African Development Bank reviews its $167 million project portfolio

To date, Equatorial Guinea has benefited from 53 operations financed by the Bank Group, with a cumulative commitment of $337.30 million

The African Development Bank Group (www.AfDB.org/) held a joint review of its project portfolio in the Republic of Equatorial Guinea in Malabo from 27 to 31 October. An action plan to improve the portfolio's performance was approved at the end of the meeting. Stakeholders plan to set up a coordinated…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Léandre Bassolé, Director of the African Development Bank Group for Central Africa (left), and Pedro Abeso Obiang Eyang, Deputy Minister of Finance and Budget of Equatorial Guinea, at the signing of the €58.61 million financing agreement for the Project to Strengthen Human Capital in Support of Economic and Social Inclusion. The signing took place in Bata on 30 October 2025
  • All (1)
Source: African Development Bank Group (AfDB) |

The African Development Bank Group and Equatorial Guinea sign €58 million financing agreement for youth inclusion and employment

The PARCH project aims to improve the quality and availability of training to increase access to employment for young women and men in Equatorial Guinea, helping the private sector to lead economic growth in the country

The African Development Bank Group (www.AfDB.org) and the Republic of Equatorial Guinea signed a €58.61 million financing agreement on 30 October 2025 in the city of Bata for implementation of the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1). Léandre…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Equatorial Guinea: African Development Bank approves €73.27 million loan for youth employment and skills development
  • All (1)
Source: African Development Bank Group (AfDB) |

Equatorial Guinea: African Development Bank approves €73.27 million loan for youth employment and skills development

The African Development Bank’s support for the project will help reduce unemployment and underemployment, improving economic inclusion and driving social stability, particularly in Bioko Sur and Welé-Nzas

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €73.27 million loan to Equatorial Guinea for the first phase of the country’s Human Capital Development Project in Support of Economic and Social Inclusion (PARCH 1).  The five-year project (2025-2030) aims to improve vocational training and…

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

Equatorial Guinea: African Development Bank Group, United Nations Development Programme (UNDP) partner to promote economic diversification and job creation for women and youth

The project will be a multisector local content initiative focusing on agriculture, fisheries, transport/logistics, tourism, and ICT

The African Development Bank Group (www.AfDB.org) has approved a $3 million technical assistance project to boost local content for micro, small, and medium enterprises (MSMEs) in Equatorial Guinea, providing economic diversification to the west-central African country. The grant agreements were signed this week in the city of Malabo between the African…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The 2024 award conference was attended by road experts from several African countries, in addition to the selection committee
  • All (1)
Source: African Development Bank Group (AfDB) |

Africa Road Builders: two African heads of state receive 2024 Babacar Ndiaye Prize

The “Africa Road Builders” prize was created in honour of Babacar Ndiaye, who was President of the African Development Bank Group from 1985 to 1995

The “Africa Road Builders” Selection Committee met in Dubai in the United Arab Emirates on 18 April 2024 where it awarded the Babacar Ndiaye Prize 2024 to the Presidents of Equatorial Guinea and of the Republic of Congo, Téodoro Obiang Nguema Mbasogo and Denis Sassou-Nguesso. They follow in the footsteps…

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

African Development Bank Group Approves EUR400 million Lusophone Compact Guarantee program to boost private sector development

The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in its Portuguese-speaking African member countries

The Board of Directors of the African Development Bank (www.AfDB.org) Group on Wednesday approved the Lusophone Compact Guarantee Program (LCGP or the Compact), with a maximum risk exposure of up to EUR400 million. The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in…

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

African Development Bank 2020 Annual meetings: Building Africa back better after the COVID-19 pandemic

The Governors' Dialogue and the election of a president will be top of the agenda of the upcoming Meetings scheduled for 26-27 August 2020

For the first time in the history of the African Development Bank (http://www.AfDB.org), its Annual Meetings will be held virtually to comply with the COVID-19 pandemic-related social-distancing guidelines.  The Governors' Dialogue and the election of a president will be top of the agenda of the upcoming Meetings scheduled for 26-27…

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

Republic of Ireland becomes African Development Bank Group 81st shareholder

Ireland’s Strategy for Africa 2025 includes a commitment to collaborate with the critical financial institution on the continent

The Republic of Ireland has become the African Development Bank Group’s (www.AfDB.org) 81st shareholder, following a declaration issued by the institution’s President, Akinwumi Adesina, on 24 April 2020. Ireland’s application to join the African Development Bank Group was approved during the Annual meetings of the Board of Governors of the Bank…