We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)

  • Multimedia content

  • Images (7)
    • Water for the future: Tangiers takes steps to secure its blue gold (1)
    • Water for the future: Tangiers takes steps to secure its blue gold (2)
    • Water for the future: Tangiers takes steps to secure its blue gold (3)
    • Water for the future: Tangiers takes steps to secure its blue gold (4)
    • Water for the future: Tangiers takes steps to secure its blue gold (5)
    • Water for the future: Tangiers takes steps to secure its blue gold (6)
    • Water for the future: Tangiers takes steps to secure its blue gold (7)
  • All (7)
Source: African Development Bank Group (AfDB) |

Water for the future: Tangiers takes steps to secure its blue gold

Overlooking the Strait of Gibraltar at the northern tip of Morocco, Tangiers is a cosmopolitan place and gateway to the great continent of Africa

The white city of Tangiers wakes gently at daybreak. Schoolchildren mill up and down the main streets of the old town, the medina, crossing paths with the crowd heading to offices and a few morning tourists. Overlooking the Strait of Gibraltar at the northern tip of Morocco, Tangiers is a…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (3)
    • Dr Akinwumi Adesina (right) warns of the impact of non-transparent resource-backed loans on Africa's debt burden. Semafor Summit, Washington DC April 2024 (1)
    • Dr Akinwumi Adesina (right) warns of the impact of non-transparent resource-backed loans on Africa's debt burden. Semafor Summit, Washington DC April 2024 (2)
    • Dr Akinwumi Adesina (right) warns of the impact of non-transparent resource-backed loans on Africa's debt burden. Semafor Summit, Washington DC April 2024 (3)
  • All (3)
Source: African Development Bank Group (AfDB) |

Africa's $824 billion debt burden and opaque resource-backed loans hinder its potential, African Development Bank President warns

The continent would pay $74 billion in debt service payments this year alone, a sharp increase from $17 billion in 2010

Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth, African Development Bank President Akinwumi Adesina (www.AfDB.org) said on Thursday. "I think it's time for us to have debt transparency accountability and make sure that this whole thing of these…

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

African Development Bank publishes report on callable capital

The report presents the circumstances leading to a call on callable capital, and the processes for such a call being made by the Bank and met by shareholders

The African Development Bank (www.AfDB.org) has published a report clarifying the legal framework, processes and governance for a call on the callable capital by the institution. Callable capital refers to the portion of the Bank’s capital that is subscribed by shareholders but not immediately paid. It represents a commitment to…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • African Development Bank sets out two priority areas for the CSP 2024-2029 for Zambia: boosting private sector development through infrastructure investments and developing the country’s agricultural value chain
  • All (1)
Source: African Development Bank Group (AfDB) |

2024-2029 Development priorities for Zambia: Infrastructure and Agricultural Value Chain

The African Development Bank Group will provide assistance to the agricultural sector, concentrating primarily on the development of farm blocks and value chains, to improve the sector’s climate resilience and agricultural productivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain. “The aim of…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • (Left to Right): Bendjin Kpeglo, Managing Director of AGF West Africa; Wilfried Abiola, the African Development Bank’s Country Manager for Togo; Akuwa Dogbé Azoma, National Director for Togo at the Central Bank of West African States (BCEAO); Koffi Gani, Principal Private Secretary for the Togolese Minister for Social Action, the Advancement of Women and Literacy; Melissa Basque-Roux, Acting Coordinator of the AFAWA initiative; Jules Ngakam, CEO of the AGF Group
  • All (1)
Source: African Development Bank Group (AfDB) |

Affirmative Finance Action for Women in Africa (AFAWA) Finance Series Togo: African Development Bank and African Guarantee Fund unite to strengthen female entrepreneurs' access to finance

This innovative programme aims to make up to $3 billion available for women-led small and medium-sized enterprises, via guarantees to financial institutions to mitigate lending risks

The African Development Bank (www.AfDB.org) and the African Guarantee Fund (AGF) (https://apo-opa.co/4apZNya) have brought the curtain down on the AFAWA Finance Series Togo conference, a key note event aimed at  promoting a better understanding of the financing needs of Togolese women entrepreneurs and debunking the myth that women-run companies are…

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

Nigeria: African Development Bank signs $75 million loan agreement to boost Indorama’s fertilizer production and export capacity

Indorama’s two operational urea fertilizer lines serve Nigeria’s domestic market, supporting the country’s agricultural sector

The African Development Bank (www.AfDB.org) has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The loan will enable Indorama to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while fostering job…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Benson Bumbe Nkhoma (2nd right), Principal Water Resources Management and Development Officer, African Development Bank, making a presentation. On the extreme right is Peter de Koming, Resident Project Manager, Kenya, World Waternet. The others are: Fred Nyongesa, Manager, Water Quality, Water Resources Authority (extreme left); Enock Sentru Kiminta, Chief Executive Officer, Kenya National Water Resource Users Association (2nd from left); and Robert Kisyula, Chief of Party, USAID STAWI (3rd from left)
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank champions private-public partnerships and good governance for universal water access in Kenya

Kenya requires about Ksh 995 billion (around $7.5 billion) to achieve universal access to water and sanitation by 2030

Kenya’s Water and Sanitation Investors Conference 2024, held in the capital, Nairobi, concluded with a call for accelerated investment towards universal access to water and sanitation by 2030. The March 6-8 conference underscored the need for collaboration to support governments in bridging the financing gap through private sector funding, blended…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • In 2024 Nouakchott, the capital of Mauritania, will receive support for preparation of a project to develop and protect its coastline
  • All (1)
Source: African Development Bank Group (AfDB) |

The Urban and Municipal Development Fund of the African Development Bank has approved an annual work programme to support 14 new municipalities and local authorities

The Fund will launch a capacity-building and consulting programme to improve municipal finances and solvency in six large pilot cities in Africa - Nairobi, Dakar, Abidjan, Addis Ababa, Kigali and Lagos

The Technical Committee of the African Development Bank (AfDB) Group (www.AfDB.org) met on 18 March 2024 in Abidjan and approved the new work programme for 2024. The committee, responsible for monitoring the work of the AfDB’s Urban and Municipal Development Fund (UMDF), allocated a total of US$4.5 million to support…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (2)
    • Minister of Economy and Finance and African Development Bank Governor Ernesto Max Elias Tonela and Solomon Quaynor, the Bank’s Vice President for Private Sector, Infrastructure and Industrialization
    • From L to R – Bank Country Manager for Mozambique, Cesar Mba Abogo; Senior Fragility and Resilience Officer, Rejoice Musakaruka; Transport and Communications Minister Mateus Magala; Bank Vice President for Private Sector, Infrastructure and Industrialization, Solomon Quaynor; Development and Portfolio Consultant, Tshinde Matos; Vice Minister of Transport and Communications, Amilton Alissone; and Agriculture Specialist Cesar Tique
  • All (2)
Source: African Development Bank Group (AfDB) |

African Development Bank and Mozambique strengthen partnerships to boost regional infrastructure development and trade

The Mozambican government expressed gratitude for the Bank’s continued support for regional integration and green industrialization in Southern Africa

The African Development Bank (www.AfDB.org) and Mozambique reinforced their partnership during a visit by Mr. Solomon Quaynor, the Bank’s Vice President for Private Sector, Infrastructure and Industrialization. This visit, held from March 12th to 15th, 2024, underscores the Bank’s commitment to supporting Mozambique's economic growth trajectory, particularly following the third…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (2)
    • African Development Bank co-organises conference on Environmental Financing for Biodiversity Conservation and Sustainable Development conference (1)
    • African Development Bank co-organises conference on Environmental Financing for Biodiversity Conservation and Sustainable Development conference (2)
  • All (2)
Source: African Development Bank Group (AfDB) |

African Development Bank co-organises conference on Environmental Financing for Biodiversity Conservation and Sustainable Development conference

The conference was a roadmap for sustainable blue and green financing for São Tomé and Príncipe and other small island developing states

The UNESCO biosphere reserve of Príncipe island was the site of the first international conference dedicated to biodiversity financing hosted by the Government of São Tomé and Príncipe, the Regional Government of Príncipe, in partnership with the United Nations and the African Development Bank (www.AfDB.org). Raising awareness of the challenges…