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African Development Bank Group (AfDB)

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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…

African Development Bank Group (AfDB)

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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…

African Development Bank Group (AfDB)

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    • Samia Suluhu Hassan, President of Tanzania, with President Akinwumi Adesina at her side, during the laying of the foundation stone of the outer ring road of Dodoma, in February
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Source: African Development Bank Group (AfDB) |

Africa Road Builders: Tanzanian President Samia Suluhu Hassan wins the 2022 Babacar Ndiaye Trophy for transport success

The prize is awarded to leading figures in Africa who have demonstrated their commitment to the development of transport infrastructure on the continent

Tanzanian President Samia Suluhu Hassan has been named the 2022 winner of the Africa Road Builders–Babacar Ndiaye Trophy. The prize is awarded to leading figures in Africa who have demonstrated their commitment to the development of transport infrastructure on the continent. The selection committee for the award commended Hassan for…

African Development Bank Group (AfDB)

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    • Comoros: African Development Fund commits $21.6 Million to Upgrade National Road Network
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Source: African Development Bank Group (AfDB) |

Comoros: African Development Fund commits $21.6 Million to Upgrade National Road Network

The project’s third phase will focus on improving the RN2 (Ourovéni-Foumbouni) in Grand Comores

The Board of Directors of the African Development Fund approved on Thursday in Abidjan $21.6 million in grants for the third phase of the National Road Network Rehabilitation Program in the Union of Comoros. The grants comprise $14.1 million from the African Development Fund, the concessional window of the African…

African Development Bank Group (AfDB)

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    • Map showing the Mano River Union region: Improving road infrastructure and promoting intra-community trade will help boost the post-conflict recovery in the Mano River Union area
    • In the past five years, the African Development Bank Group has provided over 69 million people with improved transport – picture: Moyale-Mombasa Road
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Source: African Development Bank Group (AfDB) |

The Mano River Union: African Development Fund commits $88.2 Million for Road Development and Transport Facilitation in Liberia and Sierra Leone

The Mano River Union is an international association initially established between Liberia and Sierra Leone in 1973 under the Mano River Declaration

The Board of Directors of the African Development Fund,  the concessional window of the African Development Bank Group (www.AfDB.org), on Wednesday approved $88.2 million in financing for the third phase of the Road Development and Transport Facilitation Programme for the Mano River Union (https://bit.ly/3iuTBvh). The Mano River Union is an international…

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    • African Development Bank Group President Akinwumi Adesina begins official visit to South Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President Akinwumi Adesina begins official visit to South Africa

Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders

African Development Bank head Dr. Akinwumi A Adesina (www.AfDB.org) is in Johannesburg at the start of a three-day official visit to South Africa. Adesina will meet South African President Cyril Ramaphosa, and various government and industry leaders. He will discuss with them important global and regional concerns, the African Development…

African Development Bank Group (AfDB)

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    • Africa Investment Forum Virtual boardrooms attract $32.8 billion in investment interest (1)
    • Africa Investment Forum Virtual boardrooms attract $32.8 billion in investment interest (2)
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum Virtual boardrooms attract $32.8 billion in investment interest

The three-day virtual boardroom meetings showcased 40 projects across several sectors

The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects. Unveiling the results of the Forum’s virtual boardroom sessions on Thursday, African Development Bank Group President Dr. Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world…