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African Development Bank Group (AfDB)

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    • Road networks in six new municipalities will undergo new construction and upgrading.
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Source: African Development Bank Group (AfDB) |

Senegal: African Development Bank Provides €29 Million for Development of Road Networks 6 Communes

The funds will support the construction of 28 kilometers of urban roads in asphalt concrete, paving stones and concrete

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €28.88 loan for improvements to the road and transport network linking six Senegalese municipalities.  The loan was approved on 20 September 2022. The financing will be sourced from savings from the Senegal Cities Modernisation Programme (https://bit.ly/3UJA5xg).…

African Development Bank Group (AfDB)

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    • 24 August TICAD-8 webinar on Private Sector Infrastructure Development Opportunities in Africa
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Source: African Development Bank Group (AfDB) |

Africa’s Record Private Investment in infrastructure in 2020 sends strong signal, African Development Bank Vice President (VP) tells Tokyo International Conference on African Development (TICAD) panel

The online event was held in the run-up to the eighth Tokyo International Conference on African Development, or TICAD, which takes place in Tunisia from 27-28 August 2022

Africa received its highest proportion of private sector investment in infrastructure in 2020, sending an important signal to governments and investors. African Development Bank Vice President for the Private Sector, Infrastructure and Industrialization, Solomon Quaynor, underlined this point during a webinar organized by the African Development Bank and the Japan…

African Development Bank Group (AfDB)

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    • Africa50 general shareholders meeting in Morocco call for global investments in African infrastructure
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Source: African Development Bank Group (AfDB) |

Africa50 general shareholders meeting in Morocco call for global investments in African infrastructure

It is a first-rate institution, pushing the frontiers of development on infrastructure in Africa, preparing projects, taking them to commercial viability, and financing them

African Development Bank Group (www.AfDB.org) President and Chairman of the Africa50 (https://www.Africa50.com) Board of Directors, Dr. Akinwumi Adesina has highlighted the crucial role that Africa50 is playing to help bridge Africa’s infrastructure financing gap. Adesina was speaking at the opening session of Africa50’s general shareholders meeting in Marrakech on Tuesday.…

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

Kenya: African Development Bank approves $150 million for Nairobi-Nakuru-Mau Summit Highway Project

The existing 175km A8 road from Rironi to Mau Summit will be transformed into a four-lane carriageway

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved financing of $150 million to Kenya to support a major highway development project under the government’s First Mover Public-Private Partnership (PPP) programme. The project will see the development of the A8 and A8 South highways. The existing 175km A8…

African Development Bank Group (AfDB)

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    • The African Development Bank continues its efforts to extend electricity grid in Guinea
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Source: African Development Bank Group (AfDB) |

Guinea: $66 million from the African Development Bank to extend access to electricity

There will be about 100,000 direct beneficiaries of the project composed of individual households, women's associations, health centers, schools and businesses

On 14 July 2022 in Abidjan, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $66.39 million support package for Guinea. The funding is intended to help it increase access to electricity. It consists of a $4.17 million grant and a $9.37 million loan from the…

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    • The new roads will speed up freight movements and improve traffic safety to and from the port of Kribi, which came into operation on 2 March 2018
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Source: African Development Bank Group (AfDB) |

Cameroon: African Development Bank Board Approves €39.6 Million Loan to Improve Access to Kribi Industrial and Port Area

The Cameroonian Government built a deep-water port backing onto an industrial zone called ‘Kribi Industrial and Port Complex’ to address congestion in the port of Douala

On Wednesday, 22 June, the Board of Directors of the African Development Bank (www.AfDB.org) approved a €39.62 million loan to Cameroon to improve road access to the industrial and port areas of Kribi, in the south of the country. Designed for implementation of the second phase of the Kribi Industrial and…

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    • Solomon Quaynor, African Development Bank Vice President (left), Alain Ebobissé, Africa50 CEO and Ithamar Capital CEO Obaid Amrane signing a letter of intent
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Source: African Development Bank Group (AfDB) |

Africa50, African Development Bank and the Newly Launched African Sovereign Investors Forum Signal Strong Desire to Jointly Mobilize Capital for Infrastructure Projects

The three entities will work together to galvanize financing and to drive the development of skills and expertise within the infrastructure sector

The African Development Bank (www.AfDB.org), Africa50, and Africa Sovereign Investors Forum (ASIF), have signed a letter of intent to collaborate on developing green and climate resilient infrastructure projects across Africa. The three entities will work together to galvanize financing and to drive the development of skills and expertise within the…

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

African Development Bank launches new initiative to build financial acumen of African cities

The Municipal CFO Initiative was announced during the 9th Africities Summit held recently in Kisumu, Kenya

The African Development Bank (www.AfDB.org) and United Cities and Local Governments, a global umbrella group for local and metropolitan governments, have announced the launch of a new program to build the capacity of municipal chief financial officers across the continent. The Municipal CFO Initiative was announced during the 9th Africities…

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

Africa Investment Forum showcases major projects, including $15.6 billion Abidjan-Lagos Highway

Among the transactions presented were four transport infrastructure deals and four transactions focused on energy and power

On the margins of the African Development Bank Group’s (www.AfDB.org) 2022 Annual Meetings, the Africa Investment Forum convened investors to promote the power of the platform to draw critical investment to the continent. The investor roundtable on 25 May came at a time when capital flows are in flux in…

African Development Bank Group (AfDB)

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    • Lighting up Africa: A linesman connects power to the Gitwa Cell, Nyarukara Village, under a greenfield project in Rwanda, co-financed by the African Development Bank
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Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank approves loans of $180 million to reinforce transmission and last mile connectivity

The project will entail the construction of over 1,000 km of medium voltage and 3,300 km of low voltage lines to boost last mile access

The Board of Directors of the African Development Bank (www.AfDB.org) has approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda. This follows the 26 May 2021 approval for $84.2 million from…