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

The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa

The organizations will jointly develop action plans that combine technical assistance, policy support, capacity-building, and knowledge exchange to local governments

The African Development Bank Group (www.AfDB.org) and the United Nations Human Settlements Programme (UN-Habitat) have signed a Memorandum of Understanding to enhance collaboration and accelerate action on sustainable urban transformation across the continent. Under the agreement, the organizations will jointly develop action plans that combine technical assistance, policy support, capacity-building,…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina (l) and AIIB President Jin Liqun shake hands following the signing of an MOU renewing their institutions' collaboration to foster sustainable economic development for Africa. Paris, June 2025
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Source: African Development Bank Group (AfDB) |

African Development Bank, Asian Infrastructure Investment Bank (AIIB) sign Memorandum of Understanding (MOU) renewing their collaboration on sustainable economic development for Africa

The MOU will promote among other things, co-financing, co-guaranteeing and other forms of joint participation in financial assistance for development projects primarily in sustainable infrastructure

The African Development Bank (www.AfDB.org) and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic opportunities across the African continent.   The Memorandum of Understanding, which builds on an earlier one in 2018, was signed by…

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

Rwanda: African Development Bank kickstarts pioneering cable car project in Kigali

Construction is expected to begin in late 2026, with commissioning scheduled for 2028

The African Development Bank (www.AfDB.org) has approved a grant of $500,000 to undertake a feasibility study into the first phase of a cable car transport network in Kigali, that will be sub-Saharan Africa’s first aerial urban transit system. The funds, to be sourced from the Bank Group’s Urban and Municipal…

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

African leaders urge United States (U.S.) to embrace investment-driven partnerships and review tariffs

What is needed is more trade between Africa and the U.S., not less—Adesina

African leaders have called on Monday for an urgent review of U.S. tariffs on African exports, urging a shift towards transformative partnerships and investment in Africa’s economic potential. Addressing more than 2,000 government and business leaders, and other delegates at the U.S.-Africa business summit in the capital Luanda, Angolan President…

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

Adesina spotlights African Development Bank’s role in delivering Mattei Plan and Global Gateway investments across Africa to drive industrial growth

Bank commended for driving key Mattei Plan infrastructure projects, including the Lobito Corridor and Rome Process Facility

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has reaffirmed the Bank’s central role in advancing Africa’s connectivity, industrialization, and regional integration through strategic investments aligned with Italy’s Mattei Plan and the European Union’s Global Gateway initiative.  Speaking at the joint Mattei Plan–Global Gateway Summit (https://apo-opa.co/3ZJy5Jx) held in Rome…

African Development Bank Group (AfDB)

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    • Central African government officials responsible for regulating natural resources strengthen their capacities to combat illicit financial flows and resource-backed lending, during a GONAT project workshop organized by the African Development Bank in Bangui, from June 10 to 13, 2024
    • Group photo of participants in the policy dialogue on combating illicit financial flows within the framework of the GONAT project (Bangui, June 10-13, 2024). From left to right: Mr. Sébastien Mangele, Country Economist for the CAR, African Development Bank; Mr. Charles Nyirahuku, Head of Gas Sector, African Development Bank, Professor Prince E. Danguene, Research Professor, Faculty of Science, University of Bangui, Mr. Gilbert Nengbi Kovoungbo, President of the Consortium of Central African Civil Society Organizations, Ms. Kessy M. Ekomo Soignet, Vice President, Interprofessional Group of Central Africa, Prof. Chantal L. Djebebe, Minister, Advisor to the Central African Prime Minister in charge of Natural Resources, Mr. Georges H. Ouaboua, Chief of Staff, Ministry of Mines and Geology, Salami Adeleke, Chief Capacity Development Officer and Macroeconomist, African Development Bank, Boye B. Kissagne, Principal Country Program Officer for CAR, African Development Bank
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Source: African Development Bank Group (AfDB) |

Central African Republic : African Development Bank Strengthens Capacity to Tackle Illicit Financial Flows and Manage Resource-backed Loans

Workshop participants emphasized the growing use of resource-backed loans – facilities collateralized by natural resources – to finance infrastructure development

The African Development Bank Group (www.AfDB.org) has successfully concluded a high-level workshop and policy dialogue aimed at enhancing the Central Africa Republic’s capacity to combat illicit financial flows (IFFs) and improve the governance of resource-backed loans. Held in Bangui from 10-13 June 2025 under the theme “Harnessing Africa’s Wealth: Curbing…

African Development Bank Group (AfDB)

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    • President Samia Suluhu Hassan and Bank Group President Adesina assess construction progress of the Msalato International Airport
    • President of Tanzania, Samia Suluhu Hassan addresses the community during a tour of Bank-funded transport projects in Dodoma with Bank Group President, Dr. Akinwumi Adesina, with his wife Grace Adesina, on 14 June 2025
    • “These [Bank] projects address the realities of Dodoma’s fast-rising population and the increasing demand for efficient transport,” President of Tanzania said during the Dodoma Outer Ring Road Commissioning Ceremony, on 14 June 2025
    • Adesina cannot hide his emotion upon hearing the Dodoma Outer Ring Road will be named after him during its commissioning ceremony
    • A section of the Dodoma Outer Ring carriageway, now named after Dr Adesina
    • Mama Samia and the crowd laugh and cheer as Adesina speaks Kiswahili during the Dodoma Ring Road commissioning ceremony (1)
    • Mama Samia and the crowd laugh and cheer as Adesina speaks Kiswahili during the Dodoma Ring Road commissioning ceremony (2)
    • Dr Adesina with the Class of 2025 University Dar es Salaam doctoral graduates, after being awarded a Doctor of Science Honorary Degree
    • Tanzania celebrates and honors Akinwumi Adesina’s impactful legacy as President of the African Development Bank
    • Adesina and Former President of Tanzania, Jakaya Kikwete, enjoy a 3-hour ride from Dar es Salaam to Dodoma on the Standard Gauge Railway
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Source: African Development Bank Group (AfDB) |

Tanzania celebrates and honors Akinwumi Adesina’s impactful legacy as President of the African Development Bank

President Suluhu Hassan names 112-kilometer iconic highway after Adesina

The Government of the United Republic of Tanzania, on 14 June, has honored the President of the African Development Bank Group (www.AfDB.org) Dr Akinwumi Adesina describing him as “a visionary leader, a tireless son of Africa who has dedicated his life to transform the narrative of the continent.” President Samia…

African Development Bank Group (AfDB)

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    • Gabonese President Brice Oligui Nguema (right) and Dr. Akinwumi Adesina unveil the inauguration plaque of the PK5 pumping station in Libreville, which will serve 128,000 people
    • President Adesina shares a heartfelt moment with children of the National School for Hearing-Impaired Children in Nzeng-Ayong, Libreville, which has been connected to clean drinking water since 2 June
    • President Akinwumi Adesina has been awarded the title of Grand Officer of the Gabonese Order of Merit by President Brice Oligui Nguema, Head of State and Grand Master of Gabonese Orders
    • Gabonese President Brice Oligui Nguema (right) cuts the ribbon of PK5 pumping station in Libreville, in presence of African Development Bank Group President Dr. Akinwumi Adesina
    • A project official presents the state-of-the-art equipment of the Libreville drinking water pumping station to Gabonese President Brice Oligui Nguema and African Development Bank President Akinwumi Adesina
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Source: African Development Bank Group (AfDB) |

Gabonese President Brice Oligui Nguema and African Development Bank's (AfDB) Akinwumi Adesina Inaugurate Water Pumping Station for Greater Libreville

The initiative ensures that more than 300,000 people—approximately 31% of Libreville’s 967,095 residents—now have sustainable and permanent access to clean water

“Ten years without clean water: erased! Ten years without hope: forgotten! Ten years of suffering: over!”—Adesina to residents of Libreville’s outlying neighborhoods. Adesina Receives Gabon’s Highest Civilian Honor Gabonese President Brice Oligui Nguema and African Development Bank Group President Dr. Akinwumi Adesina (www.AfDB.org) on Monday jointly inaugurated a new drinking…

African Development Bank Group (AfDB)

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    • African Development Bank project restores electricity in Zimbabwean communities following devastating Cyclone Idai
    • One of the many electrical facilities installed as part of Cyclone Idai recovery infrastructure following
    • Thanks to improved electricity access, Jacob's income from his workshop has increased, allowing him to build a larger home for his family (1)
    • Thanks to improved electricity access, Jacob's income from his workshop has increased, allowing him to build a larger home for his family (2)
    • An apprentice learns welding and metalwork at a community entrepreneurship center powered by electricity from the AfDB-funded Post-Cyclone Idai Emergency Recovery Project
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Source: African Development Bank Group (AfDB) |

African Development Bank project restores electricity in Zimbabwean communities following devastating Cyclone Idai

The AfDB-funded Post-Cyclone Idai Emergency Recovery Project restored electricity access, revitalizing businesses across communities in Zimbabwe

In March 2019, Cyclone Idai tore through Zimbabwe's eastern districts with unprecedented fury, leaving behind a trail of devastation. Among the hardest hit regions were Chimanimani and Chipinge, where the lifelines of modern life—electricity, roads, and water systems—were severed in a matter of hours. The 155-kilometer powerline stretching from Middle…

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    • African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity
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Source: African Development Bank Group (AfDB) |

African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity

The project advances Cabo Verde’s goal of generating 50% of its electricity from renewables by 2030 as well as its Nationally Determined Contribution under the Paris Agreement

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €19.6 million financing package to support the Cabeólica Phase II Expansion Project in Cabo Verde. The project is the country’s first renewable energy initiative to integrate wind power generation and battery energy storage systems (BESS) at…