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

Africa Resilience Forum 2025: Development leaders call for high-quality border infrastructure to facilitate free movement of goods and people

In January 2021, the African Union launched the African Continental Free Trade Area (AfCFTA) to increase intra-African trade and stimulate inclusive and sustainable development in industry, infrastructure, and agriculture

The political will to build quality infrastructure at borders, including the construction of a single digitised checkpoint between two neighbouring countries, should facilitate the free movement of people and goods and help streamline cross-border trade in Africa, participants in the sixth edition of the Africa Resilience Forum (http://apo-opa.co/4mPrYfq), heard on…

African Development Bank Group (AfDB)

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    • The signed contract is displayed by (right to left) Economy and Finance Minister Sid'Ahmed Ould Bouh, Energy and Petroleum Minister Mohamed Ould Khaled, and Moulay El Arby, Director of Ewa Green Energy, in the presence of project stakeholders and energy sector officials
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Source: African Development Bank Group (AfDB) |

Mauritania signs $300 million Independent Power Producer (IPP) deal for hybrid solar-wind plant under Desert to Power initiative

The project marks a milestone in the country’s drive to expand electricity generation through private financing while accelerating its transition to renewables

Mauritania has signed its first independent power producer contract, a $300 million agreement with Iwa Green Energy to develop a 60-megawatt hybrid solar-wind power plant. The project marks a milestone in the country’s drive to expand electricity generation through private financing while accelerating its transition to renewables. The facility, scheduled…

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

African Development Bank Group and Michael Bloomberg to Drive Private Investment into Africa

Together we will consolidate our strengths for mobilizing private sector resources and unleashing investments at scale for Africa’s development – Dr Sidi Ould Tah

The African Development Bank Group (www.AfDB.org) and Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies and Chair of the Glasgow Financial Alliance for Net Zero (GFANZ), have formed a new partnership to mobilize private sector investment across the African continent into areas that will boost jobs and development.…

African Development Bank Group (AfDB)

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    • African Development Bank Group (AfDB) approves $10 million trade finance guarantee to Exim Bank Tanzania to support Small and medium-sized enterprises (SME) and local corporates
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Source: African Development Bank Group (AfDB) |

African Development Bank Group (AfDB) approves $10 million trade finance guarantee to Exim Bank Tanzania to support Small and medium-sized enterprises (SME) and local corporates

Exim Bank is Tanzania’s fourth largest bank, with operations in Uganda, Djibouti, and Comoros

The African Development Bank Group (www.AfDB.org) Board of Directors has approved a $10 million trade finance transaction guarantee facility for Exim Bank Tanzania Limited to unlock and de-risk trade deals. The facility will provide up to 100 percent guarantees to international confirming banks against risks of non-payment. This support will…

African Development Bank Group (AfDB)

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    • Restoring aquatic habitats is one of the key recommendations of the African Development Bank Group's
    • Distribution of RMCs by region by level of total production (1)
    • Distribution of RMCs by region by level of total production (2) (FR)
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Source: African Development Bank Group (AfDB) |

New African Development Bank (AfDB) review highlights Inland Fisheries as Lifeline for millions of Africans

Protecting critical habitats, particularly in degraded areas such as Lake Victoria’s marshes and Senegal’s heavily polluted Falémé River, is identified as a priority

The African Development Bank (AfDB) (www.AfDB.org) has released a "Review of African Inland Fisheries," calling for urgent investment in restoring aquatic habitats and integrating fisheries into broader water resource management to safeguard livelihoods for millions of Africans. The report highlights the sector’s critical role beyond nutrition, stressing its contribution to…

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    • 17 African governments signed Energy Compacts under the Mission 300 initiative on the margins of UNGA 80. New York, September 2025
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Source: African Development Bank Group (AfDB) |

17 Countries Commit to Concrete Plans to Scale Up Electricity Access as Mission 300 Expands

Since the launch of Mission 300, 30 million people have already been connected, with more than 100 million in the pipeline

Seventeen African governments today committed to reforms and actionable plans to expand electricity access as part of Mission 300—an ambitious partnership led by the World Bank Group and African Development Bank Group (https://www.AfDB.org/) that aims to connect 300 million Africans to electricity by 2030. At the Bloomberg Philanthropies Global Forum…

African Development Bank Group (AfDB)

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    • The African Development Bank Approves Equity Investment in The Currency Exchange Fund (TCX) to Support Access to Local Currency Financing Across Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing across Africa

This strategic investment will strengthen TCX’s capital base, enhance its risk-bearing capacity, and expand its ability to offer hedging instruments in illiquid and less liquid currencies across the African continent

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved an equity investment of USD 25 million in The Currency Exchange Fund (TCX), a global leader in offering long-term local currency hedging solutions in emerging and frontier markets. This strategic investment will strengthen TCX’s capital base, enhance…

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    • African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat
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Source: African Development Bank Group (AfDB) |

African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat

The NCA-COP, launched in 2020 and now comprising more than 500 members from 48 African countries

The African Development Bank Group (www.AfDB.org) has officially announced that it will host the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa NCA-CoP), strengthening its leadership role in integrating natural capital into climate-resilient development strategies across the continent.   As the new host, the Bank Group will provide…

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    • Ms. Hana Tehelku, Director General of the Ethiopian Capital Market Authority (5th from right), and Mrs. Akane Zoukpo Sanankoua, AfDB Manager for Capital Markets Development (4th from right), sign a $400,000 grant agreement to strengthen Ethiopia's capital markets infrastructure and offerings, flanked by members of both organizations
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Bank provides $400,000 for Public Disclosure Platform to boost capital market

The planned public disclosure platform will facilitate timely and accurate dissemination of company information to investors, shareholders, and other market participants, thereby enhancing decision-making and fair price discovery

The African Development Bank Group (www.AfDB.org) and the Ethiopian Capital Market Authority (ECMA) have signed a grant agreement for $400,000 for the set up of a public disclosure platform and rollout of new financial products including exchange traded funds and green bonds at the Ethiopian Securities Exchange The grant, which…

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    • Multilateral development banks hit record $137 billion in climate finance, driving sustainable development worldwide
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Source: African Development Bank Group (AfDB) |

Multilateral development banks hit record $137 billion in climate finance, driving sustainable development worldwide

MDBs mobilized $134 billion in private finance for climate action in 2024, a 33% increase from the year earlier, according to 2024 Joint Report on Multilateral Development Banks' Climate Finance

New report shows climate finance by multilateral development banks rose 10% in 2024 compared with previous year. MDBs’ climate finance for low- and middle-income economies increased 14% to more than $85 billion. Multilateral development banks (MDBs) delivered a record $137 billion in global climate finance last year—a 10% increase that underscores…