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African Development Bank Group (AfDB)

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    • The renovated National Road 1 between Kinshasa, Kwango and Kwilu is boosting economic activity in the south-west of the Democratic Republic of Congo (1)
    • The renovated National Road 1 between Kinshasa, Kwango and Kwilu is boosting economic activity in the south-west of the Democratic Republic of Congo (2)
    • The renovated National Road 1 between Kinshasa, Kwango and Kwilu is boosting economic activity in the south-west of the Democratic Republic of Congo (3)
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Source: African Development Bank Group (AfDB) |

The renovated National Road 1 between Kinshasa, Kwango and Kwilu is boosting economic activity in the south-west of the Democratic Republic of Congo

This improvement greatly facilitates interprovincial trade and creates momentum for regional economic integration

In Kikwit, in Kwilu province in the south-west of the Democratic Republic of Congo, the "lower town" market is bustling. No-one seems bothered by the sun, which is at its zenith. Motorcycles, tricycles, goods trucks and street vendors intermingle in a constant, noisy ballet, signs of the economic dynamism of…

African Development Bank Group (AfDB)

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    • Nigeria: African Development Bank Approves $46 Million to Transform Healthcare in Sokoto State
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank Approves $46 Million to Transform Healthcare in Sokoto State

The Bank’s financing will support the delivery of climate-smart health infrastructure across three levels of care

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $46 million loan to finance the Sokoto State Health Infrastructure Project, a transformative initiative designed to enhance healthcare access and quality in Nigeria’s Sokoto State. The project addresses critical health system gaps in Sokoto, where key…

African Development Bank Group (AfDB)

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    • Desert-to-Power: The Sustainable Energy Fund for Africa (SEFA) commits €6 million to Dédougou Solar Project in Burkina Faso
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Source: African Development Bank Group (AfDB) |

Desert-to-Power: The Sustainable Energy Fund for Africa (SEFA) commits €6 million to Dédougou Solar Project in Burkina Faso

The plant will help diversify Burkina Faso's energy mix, reduce electricity costs, and boost access to reliable, affordable electricity, supporting economic growth and local livelihoods

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (www.AfDB.org), has committed a €6 million concessional finance package for the development of the 18 MW Dédougou Solar Power Plant in Burkina Faso, marking a significant milestone towards increasing the country's energy generation capacity. SEFA's commitment comprises…

African Development Bank Group (AfDB)

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    • African Development Bank Approves $17 Million to Rebuild Conflict-Affected Northern Mozambique
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $17 Million to Rebuild Conflict-Affected Northern Mozambique

Project to create 24,000 jobs and benefit over 100,000 people in Cabo Delgado

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $17 million grant to support recovery and resilient-building efforts in conflict-affected northern Mozambique’s Cabo Delgado province. The funding will support the Resilient Investment for Socio-Economic Empowerment, Peace, and Security (RISE-PS) Project, a bold new initiative to tackle…

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    • L–R: Hon. Otumchere Oti, Abia State Commissioner for Works; Mr. Mahaman Mourtala Mamoudou Abdoussalam, Operations Team Leader, Economic Infrastructure, Islamic Development Bank; Dr. Abdul B. Kamara, Director General for Nigeria, African Development Bank Group; His Excellency Dr. Alex Otti, Governor of Abia State; and Dr. Oyebola Akande, Assistant Director, International Economic Relations Department, Federal Ministry of Finance, Nigeria
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Source: African Development Bank Group (AfDB) |

African Development Bank and Partners Launch a $263.8 Million Infrastructure Project to Transform Urban Development in Abia State

The project will rehabilitate more than 248 kilometers of roads in the cities of Umuahia and Aba

The African Development Bank (www.AfDB.org), in partnership with the Islamic Development Bank, Nigeria’s Federal Government and the Abia State, has launched the Abia State Integrated Infrastructure Development Project, a transformative $263.8 million initiative to modernize urban infrastructure, enhance mobility, and promote inclusive, climate-resilient development over the next five years. The…

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    • African Development Bank Approves $62 Million Emergency Grant to Restore Critical Services in Conflict-Affected Sudan
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $62 Million Emergency Grant to Restore Critical Services in Conflict-Affected Sudan

The two-year project (2025-2027) will focus on four Sudanese states-- Aj Jazira, River Nile, Sennar, and White Nile

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $62.13 million emergency grant to support the Sudan Integrated Social Sector Infrastructure Rehabilitation Project (SISSIRP). This vital support aims to restore essential health, education, and water services that have been severely disrupted by the ongoing civil…

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    • African Development Bank’s Johannesburg Deal Signals a New Era in City-Led Urban Investment (By Bleming Nekati)
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Johannesburg Deal Signals a New Era in City-Led Urban Investment (By Bleming Nekati)

This funding will have a direct and tangible impact on the daily lives of Johannesburg residents by strengthening basic services and expanding economic opportunities

 Bleming Nekati is the Regional Head for Private Sector Operations in Southern Africa at the African Development Bank (www.AfDB.org). In June 2025, a quiet but important decision marked a real turning point in African urban finance. The African Development Bank's Board of Directors approved a ZAR 2.5 billion ($139 million)…

African Development Bank Group (AfDB)
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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,…

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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…