African Development Bank Group (AfDB) / Press Release

Source: African Development Bank Group (AfDB) | May 15, 2025

Development Bank of Nigeria visits African Development Bank to benchmark sustainability and resilience into financing

Through the African Financial Alliance on Climate Change (AFAC), the African Development Bank offers technical assistance to African financial institutions to help them manage climate-related risks and unlock opportunities in green investments

A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters (www.AfDB.org) in Abidjan, Cote d’Ivoire. The visit, jointly hosted by the Climate Change and Green Growth Department and the Financial Sector Development Department, focused on sharing…

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- Botswana: AfDB’s support to Lobatse Clay Works
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- Workers sort newly produced bricks at Lobatse Clay Works. The company has experienced a remarkable revival, partly thanks to strategic investment from the African Development Bank
- A forklift operator at Lobatse Clay Works loads bricks into trucks for distribution into the local market and export
- AfDB’s Deputy Director General for Southern Africa, Moono Mupotola inspects freshly manufactured bricks at the revitalized Lobatse Clay Works facility during her recent site visit to the project
- Sample bricks on display at the revitalized Lobatse Clay Works facility
- The revitalized Lobatse Clay Works facility resumes full operations with ambitious plans to reclaim and surpass its previous market dominance
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Source: African Development Bank Group (AfDB) | May 10, 2025

Rebuilding Botswana's Construction Future: African Development Bank bolsters Lobatse Clay Works revival

Recognizing Lobatse Clay Works’ potential, the African Development Bank provided a loan facility, in partnership with the Botswana Development Corporation to turn around the company’s fortunes

The kilns are firing again—and with them, the economic hopes of a community. In the quiet town of Lobatse, southern Botswana, a decades-old industrial landmark is undergoing a remarkable renaissance. Lobatse Clay Works (LCW), a brick manufacturer that was once the cornerstone of Botswana's construction industry, has been resurrected owing…

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- At the World Bank/IMF Spring Meetings, African leaders discussed implementing recommendations from an AfDB report, Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa
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Source: African Development Bank Group (AfDB) | Apr 28, 2025

Ahead of Conference of the Parties (COP30), Africa champions new approach to measuring green wealth of countries and incentivizing climate action

Leaders emphasized that a proper valuation of Africa's natural resources would transform the continent's financial landscape by unlocking access to global financial flows, improving national risk profiles, and creating new capacity for investments in green economies and climate-resilient infrastructure

Proper valuation of natural capital and the ecosystem services it provides, such as carbon sequestration, is a win-win strategy for growing economies— Urama, African Development Bank (www.AfDB.org) We need to make bold decisions and act swiftly to accelerate the measurement of Africa’s green wealth— Suda-Mafudze, African Union Commission. African leaders…

Source: African Development Bank Group (AfDB) | Apr 23, 2025

From Aid to Investment: Africa Investment Forum Builds $225B Momentum in Making Continent Bankable

Partners Set Stage for Expanded 2025 Market Days Following Last Year's Record $29.2B in Investment Interest

Buoyed by last year’s successful Africa Investment Forum’s Market Days that generated $29.2 billion of investment interest, its nine founding partners are bracing for an even bigger and better event later this year. The 2024 Africa Investment Forum Market Days attracted more than 2,300 investors and participants from 83 countries…

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- President Adesina (center in blue suit), Vice President Kashim Shettima (to his left in beige traditional attire) lay the foundation for the $538 million Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, marking a milestone in Nigeria’s journey to become a food export leader through agro-industrialization
- Vice President Kashim Shettima, African Development Bank President Dr. Akinwumi Adesina, Governor Bassey Out, and other dignitaries unveil the plaque for the Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, harnessing the state’s ports to boost global trade in cocoa and cassava
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Source: African Development Bank Group (AfDB) | Apr 15, 2025

Nigeria’s Cross River State second to commence construction of its Special Agro-Industrial Processing Zone

The African Development Bank Group has committed $934 million to SAPZs in 11 African countries

Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina broke ground at the project site on Thursday 10 April. The SAPZ aims to tackle food insecurity, enhance…

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- Members of the African Development Bank team and other participants who worked on Senegal's award-winning $500 million sustainable term loan in Cape Town, South Africa
- Members of the AfDB team that participated in Rwanda's €200 M award-winning ESG loan in Cape Town
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Source: African Development Bank Group (AfDB) | Apr 04, 2025

CORRECTION: African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards

The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring

Two African Development Bank Group (www.AfDB.org)-supported projects have garnered top honours at the 2025 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/4lvavcK) conference. A $500 million sustainable term loan facility in Senegal (https://apo-opa.co/4i1gUt8) was named Sovereign Syndicated Loan Deal of the Year, while Rwanda’s €200 million ESG loan (https://apo-opa.co/3RxvfTd) was awarded ESG…

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- Representatives of the African Development Bank and other participants in Senegal's award-winning $545M sustainable term loan facility in Cape Town
- Members of the AfDB team that participated in Rwanda's €200 M award-winning ESG loan in Cape Town
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Source: African Development Bank Group (AfDB) | Apr 02, 2025

African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards

Two African Development Bank Group (www.AfDB.org) -supported projects have garnered top honours at the 2025 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/4li4foE) conference. A $545 million sustainable term loan facility in Senegal (https://apo-opa.co/4ldg7rV) was named Sovereign Syndicated Loan Deal of the Year, while Rwanda’s €200 million ESG loan (https://apo-opa.co/4lf3cpd) was…

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- During an official visit to Lesotho, African Development Bank President Dr. Akinwumi Adesina met with His Majesty King Letsie III to discuss expanding the Bank's investments in Lesotho
- L-R: African Development Bank's Executive Director for Lesotho, Dr. Nomfundo X. Ngwenya; Bank President Akinwumi Adesina; the King of Lesotho, His Majesty King Letsie III; AfDB's Deputy Director General for Southern Africa, Moono Mupotola
- L-R: Senior Advisor to the AfDB President for Communication and Stakeholder Engagement, Dr. Victor Oladokun; AfDB Executive Director for Lesotho, Dr. Nomfundo X. Ngwenya; Bank President Akinwumi Adesina; the King of Lesotho, His Majesty King Letsie III; Minister of Finance and Development Planning, Retselisitsoe Matlanyane
- During Dr Adesina's visit to Lesotho, Prime Minister Samuel Ntsokoane Matekane presented him with the country's 'Seanamarena' blanket, which kings historically wore
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Source: African Development Bank Group (AfDB) | Mar 25, 2025

African Development Bank Group to expand investment in Lesotho to $331 million

“We will continue to support Lesotho very strongly through our new focus on infrastructure for industrial competitiveness" Akinwumi Adesina

The African Development Bank Group (www.AfDB.org) plans to invest $331 million in key strategic sectors in Lesotho as part of its proposed Country Strategy Paper for 2025-2030 to boost economic growth and industrial competitiveness. During an official visit to Lesotho -- the first by an African Development Bank President --…

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- Kibo Clif - Mount Kilimanjaro- Filigrane
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Source: African Development Bank Group (AfDB) | Mar 24, 2025

World Water Day 2025: Preserving Africa’s Water Resources (By Mtchera Johannes Chirwa and Anthony Nyong)

On the continent, approximately 411 million people – almost one-third of the total population – lacked basic drinking water services as of 2020

By Mtchera Johannes Chirwa, Director for Water Development and Sanitation, and Anthony Nyong, Director for Climate Change and Green Growth, African Development Bank Group (www.AfDB.org). Each year, World Water Day highlights the pressing challenges surrounding global water resources and the actions needed to address them. Nowhere is this more critical…

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- Africa’s Green Growth Agenda: Unlocking Opportunities for a Climate-Resilient Future
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Source: African Development Bank Group (AfDB) | Mar 18, 2025

Africa’s Green Growth Agenda: Unlocking Opportunities for a Climate-Resilient Future

By leveraging platforms like AGES, Africa can strengthen partnerships, unlock funding, and implement policies that drive a sustainable and resilient future

The African Development Bank Group (www.AfDB.org) participated in the third edition of the Africa’s Green Economy Summit (AGES) (https://apo-opa.co/4izmWCf) in Cape Town, South Africa, from 18 – 21 February, 2025. The annual Summit, hosted by the African Union, brought together policy makers, stakeholders, private sector and experts who discussed Africa’s…