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    • African Development Bank sets out two priority areas for the CSP 2024-2029 for Zambia: boosting private sector development through infrastructure investments and developing the country’s agricultural value chain
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Source: African Development Bank Group (AfDB) |

2024-2029 Development priorities for Zambia: Infrastructure and Agricultural Value Chain

The African Development Bank Group will provide assistance to the agricultural sector, concentrating primarily on the development of farm blocks and value chains, to improve the sector’s climate resilience and agricultural productivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain. “The aim of…

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    • In 2024 Nouakchott, the capital of Mauritania, will receive support for preparation of a project to develop and protect its coastline
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Source: African Development Bank Group (AfDB) |

The Urban and Municipal Development Fund of the African Development Bank has approved an annual work programme to support 14 new municipalities and local authorities

The Fund will launch a capacity-building and consulting programme to improve municipal finances and solvency in six large pilot cities in Africa - Nairobi, Dakar, Abidjan, Addis Ababa, Kigali and Lagos

The Technical Committee of the African Development Bank (AfDB) Group (www.AfDB.org) met on 18 March 2024 in Abidjan and approved the new work programme for 2024. The committee, responsible for monitoring the work of the AfDB’s Urban and Municipal Development Fund (UMDF), allocated a total of US$4.5 million to support…

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    • Minister of Economy and Finance and African Development Bank Governor Ernesto Max Elias Tonela and Solomon Quaynor, the Bank’s Vice President for Private Sector, Infrastructure and Industrialization
    • From L to R – Bank Country Manager for Mozambique, Cesar Mba Abogo; Senior Fragility and Resilience Officer, Rejoice Musakaruka; Transport and Communications Minister Mateus Magala; Bank Vice President for Private Sector, Infrastructure and Industrialization, Solomon Quaynor; Development and Portfolio Consultant, Tshinde Matos; Vice Minister of Transport and Communications, Amilton Alissone; and Agriculture Specialist Cesar Tique
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Source: African Development Bank Group (AfDB) |

African Development Bank and Mozambique strengthen partnerships to boost regional infrastructure development and trade

The Mozambican government expressed gratitude for the Bank’s continued support for regional integration and green industrialization in Southern Africa

The African Development Bank (www.AfDB.org) and Mozambique reinforced their partnership during a visit by Mr. Solomon Quaynor, the Bank’s Vice President for Private Sector, Infrastructure and Industrialization. This visit, held from March 12th to 15th, 2024, underscores the Bank’s commitment to supporting Mozambique's economic growth trajectory, particularly following the third…

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    • Representatives of the African Development Bank and the FEC at the signing of the financing agreement
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Morocco: The African Development Bank and the Fonds d’équipement communal sign a loan agreement of EUR 100 million to fund sustainable development projects and strengthen the attractiveness of various territories

The aim of the operation is to improve public services, particularly in rural areas, and support the emergence of new economic activities, investment opportunities and employment opportunities

The African Development Bank (https://www.AfDB.org/) signed a loan agreement of EUR 100 million with the Fonds d’équipement communal (FEC) in Rabat, on Friday, March 15, to fund new investment and sustainable infrastructure projects backed by territorial communities. The aim of the operation is to improve public services, particularly in rural…

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    • Tens of thousands of farmers and low-income households in southern Ethiopia will benefit from a program financed by an African Development Fund donation
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund grants $46 million to improve access to water and sanitation for pastoral communities in the Borana region

It will also be used to build 9 reservoirs, distribution systems (142.6 kilometres) and connections to give 36,000 new users access to drinking water

The Board of Directors of the African Development Fund in Abidjan on 28 February 2024, donated $46.02 million to Ethiopia to implement Phase 2 of the Borana Resilient Water Development for Improved Livelihoods Program in the country’s south. Financial support from the African Development Bank Group’s concessional rate loans window…

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    • (L-R) President, African Development Bank Group, Dr. Akinwumi Adesina and EkitiState Governor, Biodun Abayomi Oyebanji, during an official meeting with the Bank’s President in Lagos
    • Lamin Barrow, Director General, African Development Bank Nigeria Country Department (5th from left); Stanley George, Director, International Economic Relations Department, Federal Ministry of Finance ( 6th from left) and Akintunde Oyebode, Ekiti State Commissioner for Finance and Economic Development (7th from left), during EKZ loan negotiation agreement meeting at the Bank’s Office in Abuja, Nigeria
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Source: African Development Bank Group (AfDB) |

Catalyzing Digital Innovation: African Development Bank commits $80 million to Ekiti Knowledge Zone Project in Nigeria

State-led pioneering special economic zone project, designed to foster linkages between educators, researchers, innovators, entrepreneurs, and industries, all within one location

In the heart of Nigeria’s Ekiti State, a groundbreaking initiative is taking shape – the Ekiti Knowledge Zone (EKZ), a bold step to transform the region into a hub for digital innovation and knowledge economy. The African Development Bank has committed $80 million in loan financing for this state-led pioneering…

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    • In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA)
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Source: African Development Bank Group (AfDB) |

The African Development Bank approves up to $10 million stake in the Alliance for Green Infrastructure in Africa Project Development fund

The AGIA-PD fund will run for 15 years and should reach its capitalization target in three years

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD) fund in Abidjan on 24 January 2024. Part of the Alliance for Green Infrastructure…

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    • The African Development Bank loan will enable CFM to buy 10 locomotives, 300 wagons, and 120 tank containers
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Mozambique: African Development Bank lends $40 million to the Mozambique Rail and Port Authority to buy rolling stock for the Ressano Garcia railway line

Project implementation will improve logistics and reduce the cost of transporting goods and products using cost-effective, efficient means benefiting from economies of scale

Finance Approval date: 31 January 2024 Project name: Mozambique - Portos e Caminhos de Ferro de Moçambique EP (CFM) Amount: The African Development Bank is making a $40-million corporate loan to the state-owned enterprise Portos e Caminhos de Ferro de Moçambique EP (CFM), the Mozambique rail and port authority, to…

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    • Global Gateway: European Commission and African Development Bank Group unlock new funding for African infrastructure projects (1)
    • Global Gateway: European Commission and African Development Bank Group unlock new funding for African infrastructure projects (2)
    • Global Gateway: European Commission and African Development Bank Group unlock new funding for African infrastructure projects (3)
    • Global Gateway: European Commission and African Development Bank Group unlock new funding for African infrastructure projects (4)
    • Global Gateway: European Commission and African Development Bank Group unlock new funding for African infrastructure projects (5)
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Source: African Development Bank Group (AfDB) |

Global Gateway: European Commission and African Development Bank Group unlock new funding for African infrastructure projects

This agreement will enable a series of investments in Sub-Saharan Africa in strategic transport corridors, in energy and digital connectivity

On the sidelines of this week’s Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group (www.AfDB.org) have formalised a new Financial Framework Partnership Agreement to boost investments in infrastructure projects in Africa. The European Union’s contribution to co-finance operations with the African Development Bank has significantly increased…

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    • US and African Development Bank forge stronger ties to boost food production (1)
    • US and African Development Bank forge stronger ties to boost food production (2)
    • US Secretary of State Antony Blinken (left) visited AfricaRice HQ in Abidjan, where he praised the African Development Bank Group’s work to improve Africa’s food security. He is welcomed by African Development Bank Group President Akinwumi Adesina (second left) and AfricaRice DG Baboucarr Manneh
    • Speaking to the press, Secretary Blinken said the Biden administration was convinced that there is tremendous potential in investing in the production of crops that are climate-resilient and highly nutritious
    • Bumper harvest: A local rice farmer (right) shows African Development Bank Group President Akinwumi Adesina rice varieties grown from climate-resilient seeds from the Bank’s TAAT initiative during a visit to AfricaRice’s headquarters in Abidjan
    • African Development Bank Group President Akinwumi Adesina shows US Secretary of State Antony Blinken a variety of rice grown from climate-resilient seeds from the Bank’s TAAT programme during a visit to AfricaRice’s HQ in Abidjan
    • L-R: African Development Bank Group President Akinwumi Adesina and US Secretary of State Antony Blinken listen attentively as a local rice farmer explains how climate-resilient seeds from the Bank’s TAAT programme have increased her yield, during a visit to AfricaRice’s HQ in Abidjan
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Source: African Development Bank Group (AfDB) |

United States and African Development Bank forge stronger ties to boost food production

The United States will work with the African Development Bank to identify opportunities to partner with the US State Department’s Vision for Adapted Crops and Soils (VACS) activities and develop an investment strategy

Secretary of State Blinken and Bank President Adesina Highlight Africa’s Efforts to Feed Itself and Rest of World; Welcome Increased Support and Investment in African Initiatives. United States Secretary of State Antony Blinken has praised the African Development Bank Group for the exceptional efforts it is undertaking to help Africa…