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African Development Bank Group (AfDB)

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    • Marie-Laure Akin-Olugbade, African Development Bank Vice President (right), Ahmadou Abdoulaye Diallo, Director General of the African Solidarity Fund ( center) and Algerian Prime Minister Aїmene Benabderrahmane ( left), during the 2nd Dakar Financing Summit in Senegal 02.02.2023
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Source: African Development Bank Group (AfDB) |

At Second African Infrastructure Financing Summit, $160 Billion Worth of Projects on Table

African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by 2030

The 2nd Dakar Financing summit For Africa's Infrastructure Development has opened in the Senegalese capital with sixty-nine infrastructure projects worth $160 billion on showcase. African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by…

African Development Bank Group (AfDB)

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    • For 20222-2027, the African Development Bank's main objective is to support Mauritius' ambitions to become a high-income country by 2030
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Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank to help build sustainable infrastructure and economic resilience

The Bank aims to promote private sector development to foster and build a more productive, sustainable, inclusive and resilient Mauritian economy

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on 15 December 2022 in Abidjan approved the Mauritius Country Strategy Paper for 2022-2027 and the implementation of the identified priority development areas. In addition to building economic resilience by improving the business environment and high value-added production, the…

African Development Bank Group (AfDB)

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    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (1)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (2) (FR)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (3) (PT)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (4) (AR)
    • African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa

The Alliance will mobilize up to $500 million needed for a robust pipeline of bankable, greener projects

African Development Bank Group (http://www.AfDB.org) President Dr. Akinwumi Adesina has appointed Senegal’s former minister Amadou Hott, as his Special Envoy and global champion for the Alliance for Green Infrastructure in Africa (AGIA). The African Development Bank, Africa Union and Africa50 launched the Alliance during COP27 last November with global partners: the…

African Development Bank Group (AfDB)

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    • The African Development Bank is providing $300 million to refurbish metre-gauge railway lines in Uganda
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Source: African Development Bank Group (AfDB) |

Uganda: African Development Bank Group commits $301 million to renovate the country’s meter gauge railway and bolster regional trade

The works entail the immediate rehabilitation of 265 km of MGR tracks between Malaba and Mukono, including the line to Jinja Pier and Port Bell on Lake Victoria

The African Development Bank Group (www.AfDB.org) is providing  $301 million to overhaul  the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway line is part of the East African Community’s Northern Corridor linking the capital, Kampala, to Kenya’s coastal city of Mombasa. The East African Community Railway Rehabilitation Support Project…

African Development Bank Group (AfDB)

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    • The African Development Fund is working to improve the livelihoods of pastoralists in Ethiopia’s drylands
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund Approves $13.95 Million Grant for Borana Resilient Water Development for Improved Livelihoods Program

The Borana Resilient Water Development for Improved Livelihoods Program will enhance access to climate-resilient, gender-sensitive integrated and sustainable water and sanitation services

The Board of Directors of the African Development Fund has approved a $13.95 million grant to the Government of Ethiopia to implement the first phase of a livelihood improvement project for pastoralist communities in Ethiopia’s drylands. The Borana Resilient Water Development for Improved Livelihoods Program will enhance access to climate-resilient,…

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    • Conference of the Parties (COP27): African and global partners launch multi-billion alliance for green infrastructure
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP27): African and global partners launch multi-billion alliance for green infrastructure

The Alliance’s mission is to raise significant capital to accelerate Africa’s just and equitable transition to Net Zero emissions

Alliance to raise up to $500 million of early-stage project preparation and development capital. Goal: boost project bankability and generate up to $10 billion in investment opportunities for the private sector. The African Union, the African Development Bank Group and Africa50—in partnership with several global partners—have launched the Alliance for…

African Development Bank Group (AfDB)

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    • Nigeria’s Vice President, Prof. Yemi Osinbajo (fifth left) unveils a set of commemorative postage stamps for the Special Agro-Industrial Processing Zones Program in Nigeria in Abuja (1)
    • Nigeria’s Vice President, Prof. Yemi Osinbajo (fifth left) unveils a set of commemorative postage stamps for the Special Agro-Industrial Processing Zones Program in Nigeria in Abuja. (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Partners Launch $520 Million Special Agro-Industrial Processing Zones to Transform Nigeria’s Agriculture

“There is no reason for anyone to go hungry in Nigeria,” Dr. Akinwumi A. Adesina

Nigeria on Monday began its long journey to end hunger and achieve food security by launching the Special Agro-industrial Processing Zones (SAPZ), a programme initiated by the African Development Bank (www.AfDB.org). According to the President of the African Development Bank, Dr. Akinwumi Adesina “the Special Agro-industrial Processing Zones are new…

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    • Road networks in six new municipalities will undergo new construction and upgrading.
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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).…

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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…

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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.…