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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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    • On-site production of oxygen is saving the lives of newborn babies at Gitego general hospital
    • Franck Arnaud Ndorukwigira, doctor and deputy director of Gitega regional hospital, leads a tour of the wards
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Source: African Development Bank Group (AfDB) |

Burundi: Electricity from the Rusumo Falls power station, built with support from the African Development Bank, is saving the lives of hospital patients and premature babies

Cheap and reliable hydroelectric supplies mean that the Gitega hospital can spend more money on medical equipment and hospital teams can focus on saving lives

“One day, in the operating theatre, there was a power cut́ in the middle of a laparotomy [opening of the abdomen] for a case of pelvic peritonitis. We had to finish the operation using a torch. It was very hard.” Dr Franck Arnaud Ndorukwigira, doctor and deputy director at Gitega…

African Development Bank Group (AfDB)

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    • Joseph Ribeiro, the African Development Bank’s Deputy Director General for West Africa (middle), during his visit to the Singrobo-Ahouaty hydroelectric power plant
    • In Yamoussoukro, the Bank delegation visited numerous facilities currently under construction, under the auspices of the Bélier Region Agro-Industrial Cluster Project (2PAI-Bélier)
    • In Toumodi, the 2PAI-Bélier team made a point of immortalising the Bank Group delegation’s visit
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Source: African Development Bank Group (AfDB) |

African Development Bank’s High Impact Projects Transform Côte d'Ivoire’s Energy and Agriculture Sectors

The project, 80 percent financed by the African Development Bank with a $121 million investment, is 85.7 percent complete since its launch in 2018

During a recent three-day field visit to central Côte d'Ivoire, Joseph Ribeiro, the African Development Bank’s (www.AfDB.org) Deputy Director General for West Africa, expressed his satisfaction with the progress of two high-impact projects funded by the Bank Group that are set to revolutionize the country’s energy and agricultural landscapes.  Ribeiro’s…

African Development Bank Group (AfDB)

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    • African Development Bank VP Solomon Quaynor with executives of Dhamana's founding shareholders at a signing ceremony held in Nairobi
    • Attendees at the Nairobi signing ceremony for investments in Dhamana Guarantee Company held on 30 September
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Source: African Development Bank Group (AfDB) |

African Development Bank takes $10 million equity stake in Kenya’s Dhamana following anchor investment from Private Infrastructure Development Group

Dhamana will support access to financing for key sectors including transport, water, renewable energy, and waste management

The African Development Bank (www.AfDB.org) has made a strategic equity investment of $10 million in Dhamana Guarantee Company, a Nairobi-based provider of guarantees to support sustainable growth enterprises. This follows an anchor investment from the UK-Government-backed Private Infrastructure Development Group through its subsidiary, InfraCo Africa. Dhamana will also receive equity…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina (7th from left, front row), Madagascar’s President Andry Rajoelina, Africa50 CEO Alain Ebobissé, and other participants at the 2024 Annual General Shareholders Meeting in Antananarivo. Adesina's wife, Grace, stands to his right
    • Madagascar's President Andry Rajoelina shows AfDB President Akinwumi Adesina a national craft at a Madagascar exhibition during the 2024 Annual Meetings in Antananarivo. Africa50 CEO Alain Ebobissé looks on
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Source: African Development Bank Group (AfDB) |

Africa50 investment platform gets thumbs up for its innovative financing, strategic partnerships and performance

Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing in just seven years of operation

Presidents of Madagascar and Tanzania praise Africa50's critical role in addressing the continent's infrastructure challenges; Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing in just seven years, Adesina. Africa50 (www.Africa50.com), the investment platform established by African governments and the African Development…

African Development Bank Group (AfDB)

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    • Figure 1. Total government and tax revenue in Africa since 2010 (Source: African Economic Outlook (AEO) 2024)
    • Figure 2. Minimum, maximum, and average tax-to-GDP ratios in Africa, 2015-2025 (Source: Authors’ computation based on the African Economic Outlook (AEO) 2024 database)
    • Figure 3. Comparison between tax-to-GDP ratios required for structural transformation and tax capacity in selected African countries (Source: Authors’ computation based on the African Economic Outlook (AEO) 2024 database)
    • Figure 4. VAT efficiency revenues (in billion US$) by African country (Source: Authors’ computation based on the African Economic Outlook (AEO) 2024 database)
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Source: African Development Bank Group (AfDB) |

Make Domestic Resource Mobilization Work for Africa’s Structural Transformation (By Adamon Mukasa and Anthony Simpasa)

The implementation of the United Nations’ Agenda 2030 for sustainable development and the African Union’s Agenda 2063 hinges on Africa’s ability to mobilize sufficient and timely financial resources

By  Adamon Mukasa and Anthony Simpasa The implementation of the United Nations’ Agenda 2030 for sustainable development (https://apo-opa.co/4g2kWSb) and the African Union’s Agenda 2063 (https://apo-opa.co/4767Ak0) hinges on Africa’s ability to mobilize sufficient and timely financial resources. The recently released African Economic Outlook (AEO) 2024 (https://apo-opa.co/3yWpFEs) report by the African Development Bank…

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

African Development Bank invests $20 million in infrastructure fund to catalyze continental development

Africa's infrastructure sector remains a significant investment opportunity, driven by substantial demand deficits and a scarcity of capital

The African Development Bank (www.AfDB.org) has signed a $20 million equity investment in the African Infrastructure Investment Fund 4 (AIIF4). The deal, signed on 31 July 2024, reinforces the Bank’s commitment to fostering private sector development and boosting infrastructure across the continent.  The investment, approved by the Bank Group's Board…

African Development Bank Group (AfDB)

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    • Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support (1)
    • Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support (2)
    • Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support (3)
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Source: African Development Bank Group (AfDB) |

Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support

The new road is expected to offer huge benefits, including a 27% increase in average daily traffic along the route as well as reducing operating costs by 30% for cars and 33% for trucks

The people of the Union of the Comoros are celebrating the completion of a major road that will open up its agriculturally rich areas and provide reliable access to its popular tourist centres. Thousands of Comorians turned up to witness the official opening of the $30 million road artery financed…

African Development Bank Group (AfDB)

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    • Representatives of the African Development Bank, the World Bank, the EU and governments of Cape Verde, Spain, Portugal and Luxembourg at the Cabo Verde Tech Park in Praia with Park staff members
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Source: African Development Bank Group (AfDB) |

Cabo Verde: African Development Bank-supported Tech Park Impresses International Delegation with Rapid Growth and Economic Impact

The Park has quickly established itself as a thriving technology hub, surpassing expectations in less than a year of operation

A high-level donor delegation that included the African Development Bank (www.AfDB.org) has expressed strong admiration for the Cabo Verde Tech Park during a recent visit, highlighting its rapid growth, full occupancy, and role in diversifying the country's economy. The delegation – which also included representatives of the European Union, World…

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    • Director General of the African Development Bank's Nigeria Country Department, Lamin Barrow (left), and Chinua Azubike, CEO of InfraCredit, exchange the deed of agreement for a $15 million subordinated loan signed on June 14, 2024, to enhance infrastructure financing in Nigeria
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Source: African Development Bank Group (AfDB) |

CORRECTION - Nigeria: African Development Bank and Infrastructure Credit Guarantee Company Limited sign $15 million agreement to enhance infrastructure financing

InfraCredit is a specialized Nigerian credit guarantee company that mobilizes long-term capital from institutional investors to support infrastructure projects

The African Development Bank (www.AfDB.org) and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit's capital base and attract institutional investors’ resources to help close Nigeria's infrastructure financing gap. Lamin Barrow, Director General of the African Development Bank's Nigeria Country…