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African Development Bank Group (AfDB)

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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) |

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…

African Development Bank Group (AfDB)

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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) |

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…

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

Empowering Women through Clean Energy: African Development Bank Launches Country Diagnostics to Accelerate Inclusive Energy Transitions

Focusing on localized, actionable solutions, the reports identify opportunities to embed gender considerations into national energy planning, investment strategies, and policy frameworks

In a significant step toward advancing inclusive climate solutions, the African Development Bank (www.AfDB.org), in partnership with the Climate Investment Funds (CIF) (https://apo-opa.co/44PhRQI), has launched the Gender and Renewable Energy Country Diagnostics (https://apo-opa.co/3GXAwSi)—a pivotal initiative exploring the nexus between gender equity and energy access in six African countries: Ghana (https://apo-opa.co/450VUOL), Liberia (https://apo-opa.co/44DKrFW), Mali (https://apo-opa.co/44ZZLM5),…

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

Liberia: African Development Bank extends $400,000 in technical assistance to support pension sector

Liberia`s National Social Security and Welfare Corporation (NASSCORP), the only existing pension service provider in country, currently provides coverage to mainly formal sector public service employees

The African Development Bank Group (www.AfDB.org) has approved $400,000 in grant funding for the Liberia Pension Sector Intervention Project, to support  the expansion of pension coverage  in Liberia. The grant is being sourced from the Capital Markets Development Trust Fund (CMDTF), a multi-donor trust fund, managed by the African Development…

African Development Bank Group (AfDB)

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    • Propelling Growth: African Development Bank reaffirms support for Liberia under new government
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Source: African Development Bank Group (AfDB) |

Propelling Growth: African Development Bank reaffirms support for Liberia under new government

Key focus areas of discussion included infrastructure development, SME-led private sector growth, bolstering domestic resource mobilization, and agricultural productivity

African Development Bank (www.AfDB.org) Executive Director Rufus N. Darkortey has concluded a five-day working visit to Liberia, where he held high-level discussions with major stakeholders, including President Joseph Nyuma Boakai. Darkortey, who represents Liberia, The Gambia, Ghana, Sudan, and Sierra Leone at the Bank, also met with Liberian Vice President…

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

Liberia: African Development Fund approves $10 million from Global Agriculture and Food Security Program (GAFSP) Trust Fund to scale up nutrition project

The proposed project is anchored on government priorities to improve food security and strengthen livelihood, agricultural transformation, and economic prosperity for all

The Board of Directors of the African Development Fund has approved an additional $10 million from the Global Agriculture and Food Security Program (GAFSP) to implement activities and scale up the impact of the Smallholder Agriculture Development for Food and Nutrition Security project in Liberia. The project aims to improve…

African Development Bank Group (AfDB)

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    • African Development Fund approves $16 million for Youth Entrepreneurship Investment Bank in Liberia
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Source: African Development Bank Group (AfDB) |

African Development Fund approves $16 million for Youth Entrepreneurship Investment Bank in Liberia

The Youth Entrepreneurship Investment Bank is anticipated to support over 30,000 youth-led businesses during the next 17 years

In an exciting move to unleash the business potential of young Liberians, the Board of Directors of the African Development Fund (ADF) has given the green light for the creation of a Youth Entrepreneurship Investment Bank (YEIB) in the West African country. Approximately $16 million has been allocated to finance…

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

African Development Bank and Government of Liberia discuss major road project

Liberia’s government was represented by the Minister for Finance and Development Planning, Hon. Samuel D. Tweah, Jr., and Hon. Ruth Coker-Collins, Minister of Public Works

A delegation from the African Development Bank Group (www.AfDB.org) recently met senior government officials in Monrovia to discuss the Government of Liberia’s request for financing of a major highway along the country’s coastline.   The proposed 444-kilometre coastal highway, from Bassa County to Grand Kru County, is expected to deliver…

African Development Bank Group (AfDB)

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    • L-R: AfDB Executive Director Rufus Darkortey; Seedy Keita, Finance Minister and AfDB Governor for The Gambia; Mohammed Amin Adam, Minister of State, Ministry of Finance and Economic Planning, Ghana; Augustus Flomo, Deputy Minister for Economic Management, Liberia; Bockarie Kalokoh, Deputy Minister of Finance, Sierra Leone; and Muhammad Bashar Muhammad, Undersecretary of Economic Planning, Sudan
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Source: African Development Bank Group (AfDB) |

Five African Development Bank (AfDB) regional member countries set to join African Development Fund replenishment

The Gambia, Ghana, Liberia, Sierra Leone and Sudan plan to contribute $1 million each to ADF’s next replenishment cycle

Five African Development Bank (www.AfDB.org) Governors have signed an agreement committing to contribute at least $1 million to the replenishment of the African Development Fund (ADF), the concessional window of the Bank Group. Under the self-initiated agreement, the five-member constituency—The Gambia, Ghana, Liberia, Sierra Leone, and Sudan—will contribute to the…

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    • West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone (1)
    • West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone (2)
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Source: African Development Bank Group (AfDB) |

West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone

The project is expected to enhance financial sector efficiency within the participating countries, leading to increased access to finance and further regional integration efforts

The Board of Directors of the African Development Fund has approved $8 million in funding toward the establishment of a digitally interoperable unique bank identification system and harmonised customer identification framework for The Gambia, Guinea, Liberia and Sierra Leone. Implementation of the project will commence in July 2023, led by the…