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

Multilateral Development Banks Unite at 30th Conference of the Parties (COP30) to Accelerate Climate-Smart Development

The MDBs are supporting clients to scale up nature-positive investments by improving metrics, methodologies, and financial product design

New report showcases best practices for delivering resilience and innovative approaches to scale up adaptation results MDBs publish metrics and methodologies to unlock financing for nature and biodiversity Multilateral Development Banks (MDBs) reaffirm, on Monday at COP30, their commitment (https://apo-opa.co/49N1Fn1) to respond to their clients' priorities to improve livelihoods and…

African Development Bank Group (AfDB)

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    • Léandre Bassolé, Director of the African Development Bank Group for Central Africa (left), and Pedro Abeso Obiang Eyang, Deputy Minister of Finance and Budget of Equatorial Guinea, at the signing of the €58.61 million financing agreement for the Project to Strengthen Human Capital in Support of Economic and Social Inclusion. The signing took place in Bata on 30 October 2025
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Source: African Development Bank Group (AfDB) |

The African Development Bank Group and Equatorial Guinea sign €58 million financing agreement for youth inclusion and employment

The PARCH project aims to improve the quality and availability of training to increase access to employment for young women and men in Equatorial Guinea, helping the private sector to lead economic growth in the country

The African Development Bank Group (www.AfDB.org) and the Republic of Equatorial Guinea signed a €58.61 million financing agreement on 30 October 2025 in the city of Bata for implementation of the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1). Léandre…

African Development Bank Group (AfDB)

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    • Behailu Seboka, founder of Askema Engineering, in his workshop
    • Participants at the ACEA Annual Meeting in Addis Ababa
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Source: African Development Bank Group (AfDB) |

Africa’s Circular Economy gains momentum as innovation meets opportunity

The African Development Bank Group has incorporated circularity into its Ten-Year Strategy 2024–2033, recognising it as a foundation for sustainable prosperity

On the outskirts of Addis Ababa, 30-year-old Behailu Seboka, founder of Askema Engineering, manufactures brake pads from discarded slaughterhouse materials. What began as a university project now employs 268 people and serves 6,400 customers across Ethiopia. "With the right support, we can prove that the circular economy is not only…

African Development Bank Group (AfDB)

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    • AfDB officials and partners at the launch of a $125 million Youth Employment Project in Angola
    • Minister of Planning, Victor Hugo Guilherme, at the $125 million Youth Employment Project launch in Angola
    • AfDB Executive Director for Angola, Mozambique, Namibia, and Zimbabwe, Eugénio Maria Paulo, speaking at the youth investment initiative launch
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Source: African Development Bank Group (AfDB) |

African Development Bank and Angola launch $125 million drive to boost youth entrepreneurship

The Crescer Project will strengthen the national planning system, public-private partnerships, and public investment, all of which are key drivers of economic growth

The African Development Bank Group (https://AfDB.org), in partnership with the Government of Angola and the European Union, has launched a $125 million Youth Employment Project (Crescer Project) to spur entrepreneurship and job creation among young Angolans. The project will create more than 112,000 indirect jobs, support the growth of over…

African Development Bank Group (AfDB)

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    • Dr. Sidi Ould Tah, President of the African Development Bank Group, participates in the World Bank Group's High-Level Advisory Council on Jobs meeting during the 2025 World Bank–IMF Annual Meetings in Washington, D.C.
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Source: African Development Bank Group (AfDB) |

African Development Bank chief joins global push to turn youth into economic powerhouse

This year’s Jobs Council focused on tourism and skilling -- two sectors where Africa holds vast untapped potential

African Development Bank Group (www.AfDB.org) President Dr Sidi Ould Tah on Monday joined global leaders on the World Bank Group’s High-Level Advisory Council on Jobs, championing Africa’s demographic dividend and the drive for youth employment.  Invited by World Bank Group President Ajay Banga, Dr Ould Tah participated in the Council’s…

African Development Bank Group (AfDB)

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    • ADF-deputies at the Nitrogen Chemicals of Zambia
    • A production line at the Nitrogen Chemicals of Zambia, an ADF-supported initiative
    • An award-winning farmer in the Kafue town of Zambia talks about her transition to better yields
    • ADF deputies interacting with an engineering student at the University of Zambia
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Source: African Development Bank Group (AfDB) |

In Zambia, African Development Fund reshapes the country’s agriculture and education landscape

Zambian ministers credit African Development Fund for fertilizer self- sufficiency boost, increased capacity for 250,000 new skilled workers

Concessional financing from the African Development Fund (ADF) has been transformative for Zambia's agriculture and education sectors, while “anchoring peace, prosperity, and regional competitiveness.” ADF deputies, who are gathered in Zambia's capital for a meeting on the Fund's 17th replenishment, visited two project sites on Tuesday, 7 October - the…

African Development Bank Group (AfDB)

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    • Cameroon’s Economy Minister Alamine Ousmane Mey and AfDB Central Africa Director General Léandre Bassolé sign the agreements in Yaoundé
    • Mey and Bassolé exchange documents after signing the agreements
    • Family photo with Cameroon officials, AfDB representatives and lawmakers from the Far North region
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Source: African Development Bank Group (AfDB) |

Cameroon, African Development Bank (AfDB) sign €136 million loan deal to develop skills and entrepreneurship in Far North

The five-year programme will support technical and vocational training for 6,000 young people, create at least 5,000 jobs, 40% of them for women, and provide backing for over 500 small and medium-sized businesses

Cameroon and the African Development Bank Group (www.AfDB.org) have signed loan agreements worth €136 million to finance a programme aimed at building skills, creating jobs and modernising infrastructure in the country’s conflict-affected far north region. The agreements for the Building Capacities and Skills for Employability and Entrepreneurship in the Extrême Nord…

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    • Equatorial Guinea: African Development Bank approves €73.27 million loan for youth employment and skills development
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Source: African Development Bank Group (AfDB) |

Equatorial Guinea: African Development Bank approves €73.27 million loan for youth employment and skills development

The African Development Bank’s support for the project will help reduce unemployment and underemployment, improving economic inclusion and driving social stability, particularly in Bioko Sur and Welé-Nzas

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €73.27 million loan to Equatorial Guinea for the first phase of the country’s Human Capital Development Project in Support of Economic and Social Inclusion (PARCH 1).  The five-year project (2025-2030) aims to improve vocational training and…

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    • African Development Bank and Invest in Africa Sign $850,000 Grant Agreement to Boost Inclusive Green Jobs in Ghana and Senegal
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Source: African Development Bank Group (AfDB) |

African Development Bank and Invest in Africa Sign $850,000 Grant Agreement to Boost Inclusive Green Jobs in Ghana and Senegal

By strengthening capacity and integrating micro enterprises into green value chains, the project seeks to stimulate local job creation and promote inclusive participation in Africa’s green economy

The African Development Bank (www.AfDB.org) has signed a $850,000 grant agreement with Invest in Africa (IIA), a non-profit organization, to support the MicroGREEN project to provide livelihood opportunities for marginalized and vulnerable groups in Ghana and Senegal. Titled, Strengthening Women, Youth, and People with Disabilities’ Micro-Entrepreneurship for Green Jobs in…

African Development Bank Group (AfDB)

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    • Beneficiaries of the business incubator expressed their gratitude to the government and to the African Development Bank
    • Ms. Mouna Diawara, Head of Bank Operations in Burkina Faso, emphasized that the Project for Rural Youth Employment and Skills Development Project (PADEJ-MR) offers a concrete response to the problem of youth unemployment in rural areas
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Source: African Development Bank Group (AfDB) |

Burkina Faso: African Development Bank supports youth entrepreneurship in rural areas

The initiative aims to help young people convert their ideas into viable businesses in promising sectors such as agriculture, agri-food, services, crafts, and new technologies

The African Development Bank (www.AfDB.org) and the Government of Burkina Faso launched the third phase of the incubator program of the Support Project for Youth Employment and Skills Development in Rural Areas (PADEJ-MR in the French acronym) on July 15, 2025, in Ouagadougou, the capital of Burkina Faso. Ms. Franceline…