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African Development Bank Group (AfDB)

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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…

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

African Development Bank, British International Investment and European Bank of Reconstruction and Development support pioneering solar and battery storage project in Egypt with $476 million loan

The project’s blended financing of $475.6 million corresponds to approximately 80 per cent of the total estimated capital expenditure of $590 million

Egypt's first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak demand.  It is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million tons of emissions annually, supporting Egypt’s decarbonisation goals. The African Development Bank (www.AfDB.org),…

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

African Development Bank Concludes Strategic High-Level Mission to Ghana, Identifies Five Key Areas for Transformational Partnership

Bank commits to supporting Ghana's 24-hour Economy initiative, infrastructure, Public-Private Partnership development, and domestic capital mobilization under President Mahama's administration

Representatives of the African Development Bank Group (www.AfDB.org) have concluded a week-long high-level mission to Ghana, marking the institution's first major engagement with the country's new administration under President John Dramani Mahama. The delegation, led by Solomon Quaynor, the Bank Group’s Vice President for Private Sector, Infrastructure, and Industrialization, conducted…

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

African Development Bank and International Aid Transparency Initiative (IATI) hold workshop for Francophone West Africa governments to strengthen development effectiveness

The African Development Bank has shared public data about its investments through the creation of its Data Portal and MapAfrica platforms

The African Development Bank (www.AfDB.org) and the International Aid Transparency Initiative (IATI) concluded a workshop on Thursday aimed at enhancing the use of development finance data to support national planning, coordination, and accountability. The workshop was attended by government representatives from Francophone West Africa. The three-day workshop, held from 3…

African Development Bank Group (AfDB)

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    • Left to right: Finance Minister Situmbeko Musokotwane, AfDB Vice President Nnenna Nwabufo, and Country Manager for Zambia Olaniyi Durowoju, during the foundation stone-laying ceremony for the Bank's new office building construction in Lusaka
    • The Kazungula Bridge Project, supported by the AfDB, is strengthening connectivity between Zambia and Botswana along the North-South Corridor. Photo credit/AFP
    • Workers laying heavy pipes at the Lusaka Sanitation Project—one of the many projects supported by AfDB in Zambia
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Source: African Development Bank Group (AfDB) |

African Development Bank cuts sod for construction of permanent Country Office, cementing over five-decades of partnership with Zambia

The new office design incorporates cutting-edge sustainability features and wellness-focused design

Permanent office strengthens Bank’s partnership with Zambia. African Development Bank has financed and facilitated major projects at country and continent level to support regional integration - Finance Minister Musokotwane  The African Development Bank Group (www.AfDB.org) commenced construction of its permanent country office in Lusaka on Friday, marking a transformative milestone…

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

Africa Investment Forum Partners Sign Partnership Framework Agreement at African Bank Development Bank Group’s 2025 Annual Meetings

Launched in 2018, the Africa Investment Forum platform has solidified its standing as Africa’s premier investment marketplace for global investors and has garnered nearly $225 billion in investment interest to date

On the sidelines of the African Development Bank Annual Meetings (www.AfDB.org), founding partners of the Africa Investment Forum signed a Partnership Framework Agreement, reinforcing their collective commitment to mobilize transformative investments across the African continent. The new framework creates a clearer partnership model that sets out the roles and benefits…

African Development Bank Group (AfDB)

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    • Togo's Minister of Economy and Finance Essowè Georges Barcola and AfDB VP Nnenna Nwabufo signed an agreement for a partial credit guarantee to help the country mobilize €200 million
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Source: African Development Bank Group (AfDB) |

Togo: African Development Fund and the Republic of Togo Sign Partial Credit Guarantee Agreement to support mobilization of EUR 200 million Sustainable Loan

Funds mobilized under the partial credit guarantee will be allocated to green and social projects including climate adaptation, biodiversity preservation, sustainable agriculture, access to clean energy and pollution control

The African Development Bank Group (www.AfDB.org) and the Government of Togo have signed a partial credit guarantee agreement to support the country’s mobilization of a sustainable financing facility of €200 million. Provided by the African Development Fund, the concessional lending arm of the African Development Bank Group, this partial credit…

African Development Bank Group (AfDB)

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    • The African Development Bank Group's Business Opportunities Seminar brought together private-sector players from 40 countries across the continent
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Source: African Development Bank Group (AfDB) |

Annual Meetings 2025: African private-sector players and African Development Bank officials discuss business opportunities

The Bank provided updated information on its procurement plan and contractual policies, as well as on procedures for accessing business opportunities for companies or projects

On the fourth day of the African Development Bank Group’s (www.AfDB.org) Annual Meetings in Abidjan (http://apo-opa.co/3ZcPGZZ), a seminar on business opportunities with the Group brought together private-sector players from 40 African countries and led to constructive exchanges with Bank officials. "Africa will not develop without a robust private sector. This seminar…

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    • Youth agripreneur and “Mon chips” brand founder Koffi Amani François Xavier presenting at the Enable Youth side event
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Source: African Development Bank Group (AfDB) |

At African Development Bank Group 2025 Annual Meetings, young agripreneurs transforming Africa’s Agriculture in spotlight

The side event drew policymakers, private sector leaders, development partners, young agripreneurs and other participants to share insights on scaling up youth-led agribusinesses across Africa

An Ivorian entrepreneur who started up a snack food business with about $100, then transformed it into a multinational supplier of a popular potato chip, is crediting the African Development Bank’s Enable Youth program for his success. Thirty-year-old “Mon chips” brand founder Koffi Amani François Xavier told an audience Tuesday…

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    • By investing in Arise IIP, the African Development Bank will contribute to the construction of special economic zones across Africa
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Source: African Development Bank Group (AfDB) |

The African Development Bank approves an investment of US$100 million in Arise Integrated Industrial Platforms Limited.

Arise IIP seeks to replicate its successful industrial platform implementation experience in Gabon, Togo and Benin by establishing Special Economic Zones across other African countries with the aim of improving Africa’s export competitiveness

The Board of Directors of the African Development Bank (www.AfDB.org) has approved an investment of $100 million in the industrial platform developer and operator Arise Integrated Industrial Platforms Ltd (Arise IIP) to contribute to funding industrial parks and special economic zones across Africa as a part of our industrialization strategic…