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

Ethiopia: African Development Bank approves $50 million Trade Finance Transaction Guarantee Facility to Awash Bank for support to Small and Medium Sized Enterprises (SMEs) and local corporates

This facility will enable the Bank to provide a guarantee of up to 100 percent to confirming banks for the non-payment risk arising from the confirmation of Letters of Credit and similar trade finance instruments issued by Awash

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $50 million Trade Finance Transaction Guarantee facility to support to trade finance activities of Awash Bank S.C. (Awash) (https://apo-opa.co/44ecHyL), in Ethiopia.   This facility will enable the Bank to provide a guarantee of up to 100 percent…

African Development Bank Group (AfDB)

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    • Ethiopian Airlines Group CFO Mensfin Tasew (left) and AfDB Vice President Nnenna Nwabufo display copies of the signed letter of intent. Standing behind them are Ethiopia’s Finance Minister Ahmed Shide (left) and Bank Group President Dr. Akinwumi Adesina (in bow tie)
    • AfDB Group President Adesina examines an Ethiopian Airlines model aircraft presented by Finance Minister Shide, with Bank Vice President Nwabufo in attendance
    • Ethiopian and AfDB executives in solidarity for the new $7.8 billion Abusera International Airport project
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Source: African Development Bank Group (AfDB) |

Ethiopian Airlines Group and African Development Bank sign Letter of Intent for financing of world-class Abusera International Airport

The new Abusera International Airport will complement Ethiopia’s recently expanded Bole International Airport, which is expected to reach its annual 25 million passenger capacity limit soon

The African Development Bank (www.AfDB.org) and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project. The $7.8 billion project aims to address increasing passenger and cargo demands, reinforce Ethiopia’s position as a leading aviation hub, and stimulate…

African Development Bank Group (AfDB)

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    • African Development Bank Group President Dr. Akinwumi Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s operations, which have impacted more than half a billion lives over the past decade
    • African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact
    • African Heads of State and Government display copies of the Dar es Salaam Energy Declaration at the closing session of the Africa Energy Summit, 28 January 2025
    • “The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” said Dr. Adesina
    • The Africa Investment Forum, a joint effort with eight other partner institutions, has mobilized over $200 billion in infrastructure investment commitments. (Picture: Africa Investment Forum Founding Partners and other officials during the Opening Session of the Africa Investment Forum 2024 Market Days, Rabat, 4 December 2024)
    • UN Secretary-General António Guterres reiterated calls for reform of the international financial architecture
    • Barbados Prime Minister Mia Mottley emphasized Africa’s strategic role in shaping global economic trends, as the continent controls 40% of the world’s minerals
    • Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity in addressing Africa’s challenges
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Source: African Development Bank Group (AfDB) |

CORRECTION - African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact

Under Adesina’s presidency, the Bank achieved its largest-ever capital increase, growing from $93 billion in 2015 to $318 billion currently

“It’s been my greatest honor to serve you and Africa”—Adesina tells African leaders Governments across Africa pay tribute to Adesina’s exceptional leadership UN Secretary General Guterres says global financial architecture hampering Africa’s development, calls for reforms African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina, delivered a compelling farewell address…

African Development Bank Group (AfDB)

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    • African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact
    • African Development Bank Group President Dr. Akinwumi Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s operations, which have impacted more than half a billion lives over the past decade
    • African Heads of State and Government display copies of the Dar es Salaam Energy Declaration at the closing session of the Africa Energy Summit, 28 January 2025
    • The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” said Dr. Adesina
    • The Africa Investment Forum, a joint effort with eight other partner institutions, has mobilized over $200 billion in infrastructure investment commitments. (Picture: Africa Investment Forum Founding Partners and other officials during the Opening Session of the Africa Investment Forum 2024 Market Days, Rabat, 4 December 2024.)
    • UN Secretary-General António Guterres reiterated calls for reform of the international financial architecture
    • Barbados Prime Minister Mia Mottley emphasized Africa’s strategic role in shaping global economic trends, as the continent controls 40% of the world’s minerals
    • Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity in addressing Africa’s challenges
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Source: African Development Bank Group (AfDB) |

African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact

During the final day of the assembly, several African governments and AU officials paid tribute to Dr. Adesina for his exceptional leadership of the Bank and strong global advocacy for Africa, He ends his tenure as the Bank Group’s president on 1st September 2025

“It’s been my greatest honor to serve you and Africa”—Adesina tells African leaders Governments across Africa pay tribute to Adesina’s exceptional leadership UN Secretary General Guterres says global financial architecture hampering Africa’s development, calls for reforms African Development Bank Group (www.AfDB.org/en) President Dr. Akinwumi A. Adesina, delivered a compelling farewell address…

African Development Bank Group (AfDB)

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    • At the launch of the "Africa's Macroeconomic Performance and Outlook 2025" report, African Development Bank Group leaders and senior officials present copies of the report. In the front row, from left to right, Albert Muchanga, Commissioner of the African Union, Kevin Urama, Vice President of the Bank Group, Ahmed Shide, Minister of Finance of Ethiopia (far right), and Nnenna Nwabufo, Vice President of the Bank Group (2nd from left). In the second row (center), Beth Dunford, Bank Group Vice President for Agriculture, Human and Social Development; Alemayehu Taffesse of the International Food Policy Research Institute (far left); Mothae Maruping, Chairman of the Board of Directors of the African Risk Capacity Group (far right)
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Source: African Development Bank Group (AfDB) |

African Development Bank: New report highlights Africa’s strengthening economic growth amid global challenges

The continent also continues to grapple with geopolitical tensions, structural weaknesses, climate-related disasters, and prolonged conflicts in regions such as the Sahel and the Horn of Africa

Growth rates above 5 percent expected in close to half of the continent’s countries in 2025; 12 of world’s 20 fastest growing economies will be African Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according to the 2025 Macroeconomic Performance and Outlook (MEO) report…

African Development Bank Group (AfDB)

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    • Dr Leandre Bassole, the Bank’s Deputy Director General for East Africa and Country Manager for Ethiopia (6th Right) with other dignitaries who attended the Bank’s 60thanniversary commemoration
    • Dr Leandre Bassole, the Bank’s Deputy Director General for East Africa and Country Manager for Ethiopia, addressing guests in marking the Bank’s 60th anniversary
    • Ethiopia’s State Minister of Finance for Economic Cooperation, Semereta Sewasew, gives her address at the Bank’s 60th anniversary celebrations in the capital Addis Ababa
    • Dancers entertaining guests in celebration of the Bank’s 60th anniversary
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Source: African Development Bank Group (AfDB) |

Bank commemorates 60 years of impact in Ethiopia

From 1975, when the Bank first began operations in Ethiopia, it has financed 213 projects including 39 in transportation, 28 in energy; 66 in agriculture; and some five projects in job creation

Ethiopia has joined other countries across the continent to celebrate the African Development Bank’s (www.AfDB.org) 60th anniversary with a colourful and instructive trip down ‘Memory Lane’. On 29 November 2024, an eventful day of activities, organized by the Bank’s country office and the Government of Ethiopia, was held in the…

African Development Bank Group (AfDB)

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    • The electricity highway between Ethiopia and Kenya represents a technological advance for electricity transmission
    • The project is a model of sustainability, allowing better integration of wind power, Solar and hydroelectricity into regional networks
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Source: African Development Bank Group (AfDB) |

East Africa: The Ethiopia-Kenya Electricity Highway is Shaping Regional Connectivity with the Support of the African Development Bank

This high voltage DC infrastructure is the only one of its kind in the region and is the foundation of East Africa’s ambition to be interconnected in terms of power exchange and allow cross-border trade in energy

The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more than 10 years of planning and construction, is redefining energy connectivity in East Africa. It is more than a piece of infrastructure, it is an economic and environmental entity, connecting not just power grids but nations and…

African Development Bank Group (AfDB)

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    • The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates' import and export trade finance requirements
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Source: African Development Bank Group (AfDB) |

African Development Bank approves $40 million Trade Finance Transaction Guarantee Facility to Ethiopia’s Dashen Bank

The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates' import and export trade finance requirements

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $40 million transaction guarantee facility to support Dashen Bank’s trade finance activities in Ethiopia. The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates' import and export trade finance requirements. It…

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

REISSUE: Multinational: African Development Bank, partners launch $5.2 million project to help catalyse diaspora investment in eight African countries

The project will assist the recipient countries to identify the best methods for effectively mobilizing the human and financial capital of the diaspora

The African Development Bank (www.AfDB.org), the African Union Commission (AUC), and the International Organization for Migration (IOM) have signed a protocol agreement for $5.2 million in grant financing to strengthen investment, human capital and philanthropic engagement from the diaspora in eight African countries. The agreement was signed in Addis Ababa,…

African Development Bank Group (AfDB)

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    • African Development Bank Group launches training programmes to support 22 African transition countries in debt management
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Source: African Development Bank Group (AfDB) |

African Development Bank strengthens transition states' capacity for more productive, effective and transparent debt management

Africa’s transition state should not be loan takers but negotiate and use loans to improve the quality of life of their citizens- Ogunleye

The African Development Bank Group (www.AfDB.org) has launched a series of training programmes to support 22 Transition or fragile states in Africa to manage their debt more effectively. The Public Finance Management Academy for Africa (PFMA), an initiative of the Bank Group’s African Development Institute, kicked off the maiden edition…