African Development Bank Group (AfDB) / Press Release

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- President of the Republic of Liberia, Joseph Nyuma Boakai, Sr. and the President AfDB Group, Akinwumi Adesina, flanked by senior officials of the Liberian government,at the expanded Cabinet meeting in Monrovia July 22, 2025
- President AfDB Group, Akinwumi Adesina, addressing an expanded Cabinet meeting of the Liberian government, led by President Joseph Nyuma Boakai, Sr, Monrovia July 22, 2025
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Source: African Development Bank Group (AfDB) | Jul 24, 2025

Liberia salutes African Development Bank President Adesina in landmark Government session

The event served as both a celebration of partnership and a platform for Adesina to share leadership insights as he nears the end of his term in August 2025

I want you to know that your legacy in Liberia is strong and enduring, President Boakai tells Adesina “With your vast natural resources, Liberia has no business being poor.” — Adesina Liberian President Joseph Nyuma Boakai convened the full spectrum of his government leadership to hear from African Development Bank…

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- YEIBS Launch: President of the Republic of Liberia, Joseph Nyuma Boakai, Sr., and the President of the African Development Bank Group, Akinwumi Adesina, launch the Liberia Youth Entrepreneurship Investment Bank at a ceremony in Monrovia, July 22, 2025
- YEIBS Launch: President of the African Development Bank Group, Akinwumi Adesina (4th from left), Bank Group Director General for West Africa, Lamin Barrow, and attendees at the launch of the Liberia YEIB
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Source: African Development Bank Group (AfDB) | Jul 23, 2025

Hope for Liberia’s youth as country pioneers African Development Bank-financed Youth Entrepreneurship Investment Bank

The Youth Entrepreneurship Investment Banks will promote private sector-led inclusive economic development, by creating entrepreneurship opportunities for young Africans aged 18-35

Program will turn job seekers into job creators – Liberian President Boakai The future of Liberia’s youth cannot be left to hustling – Dr. Adesina Liberia has become the first country to launch an African Development Bank Group initiative (www.AfDB.org) that will help tackle youth unemployment among African youth. President…

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- Lusophone Compact Presents Investment Opportunities to Accelerate Inclusive Development at 15th Community of Portuguese-Speaking Countries (CPLP) Summit
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Source: African Development Bank Group (AfDB) | Jul 23, 2025

Lusophone Compact Presents Investment Opportunities to Accelerate Inclusive Development at 15th Community of Portuguese-Speaking Countries (CPLP) Summit

Representing a community of more than 300 million people across four continents, with a combined GDP of $2.3 trillion in 2024, the CPLP holds immense potential for trade, investment, and inclusive economic transformation

The Lusophone Compact Secretariat last week engaged with leaders of the Community of Portuguese-Speaking Countries (CPLP) at their 15th Summit and economic forum in Bissau, Guinea-Bissau. The July 15-18 meetings provided a strategic platform to showcase the Lusophone Compact’s role in attracting private financing to accelerate sustainable economic development in…

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- Representatives of the Ivorian government, the African Development Bank, the Central Depository/Settlement Bank, the UMOA Financial Markets Authority and financial market players took part in the launch ceremony for the DIGIAPE platform
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Source: African Development Bank Group (AfDB) | Jul 22, 2025

Côte d'Ivoire: The African Development Bank's Capital Markets Development Trust Fund (CMDTF) supports establishment of digital platform for public offerings

DIGIAPE is expected to reduce settlement times and enable real-time allocation of securities at close, creating a more attractive environment for international investors

The Central Depository/Settlement Bank (DC/BR) has officially launched its new digital platform for public offerings (DIGIAPE), with support from the African Development Bank (www.AfDB.org). DIGIAPE will automate primary market subscriptions in the West African Monetary Union's (UMOA) regional financial market, enhancing both the transparency and reliability of securities allocations while…

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- 115,000 ECOA induction cookers will be distributed to households across Kenya, Zambia, and Uganda with support from the Sustainable Energy Fund for Africa
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Source: African Development Bank Group (AfDB) | Jul 22, 2025

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) supports electric cooking expansion across three African nations

This program makes clean cooking appliances more affordable and accessible by prefinancing induction cookers and recovering costs through carbon credit sales in the voluntary market

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB) (www.AfDB.org), is tackling charcoal dependence in Kenya, Uganda, and Zambia with a $4 million reimbursable grant. This grant will fund the Burn Electric Cooking Expansion Program (BEEP), deploying 115,000 Burn ECOA Electric Induction Cookers to provide…

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- The African Development Bank (AfDB) and Sustainable Energy Fund for Africa (SEFA) provide $40 million investment in equity platform Zafiri to accelerate renewable energy access across Africa
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Source: African Development Bank Group (AfDB) | Jul 18, 2025

The African Development Bank (AfDB) and Sustainable Energy Fund for Africa (SEFA) provide $40 million investment in equity platform Zafiri to accelerate renewable energy access across Africa

Zafiri - jointly developed by the Bank, World Bank Group and other partners - aims to address the critical shortage of patient, longer-term equity capital needed to de-risk and scale Decentralized Renewable Energy solutions (DRE)

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $40 million equity investment in Project Zafiri, a transformative equity platform and flagship initiative under Mission 300 (https://apo-opa.co/4m1ve7m). This investment will accelerate the expansion of renewable energy access across Africa. Zafiri - jointly developed by the Bank,…

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- Left to right: Chinua Azubike, CEO of InfraCredit; Denis Charles Kouassi, CEO of Côte d'Ivoire’s National Social Security Fund; Ethiopis Tafara, Vice President of the International Finance Corporation; Boitumelo Mosako, CEO of the Development Bank of Southern Africa (DBSA); session moderator Victor Oladokun, Senior Advisor to the President of the African Development Bank Group for Communication and Stakeholder Engagement; and Timi Agama, Director General of Nigeria’s Securities and Exchange Commission
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Source: African Development Bank Group (AfDB) | Jul 17, 2025

Africa's financial sovereignty: Mobilizing institutional capital for development and resilience

The continent faces an annual infrastructure funding gap of between USD 68 billion and USD 108 billion, while attracting only 2 percent of global investment in this sector

As global capital flows evolve and development assistance dwindles, Africa finds itself at a critical point. On 28 May, during the African Development Bank Group's 2025 Annual Meetings (www.AfDB.org), senior leaders, policymakers and financial experts gathered to chart a new course for the continent's financial future – one based on…

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- Bank approves financing to accelerate Rwanda’s universal energy access by 2030
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Source: African Development Bank Group (AfDB) | Jul 17, 2025

African Development Bank approves financing to advance Rwanda’s universal energy access

The RBF II program is a key deliverable under the Bank’s High-5 priority areas of “Light up and Power Africa” and “Improve the Quality of Life of the People of Africa”

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved €173.84 million for the Rwanda Energy Sector Result-Based Financing (RBF II) program to modernize the electricity network, expand access to clean energy, and strengthen institutional capacity. The Asian Infrastructure Investment Bank will provide an additional €86.92 million,…

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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) | Jul 17, 2025

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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- Bleming Nekati
- 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) | Jul 11, 2025

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)…