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 (1)
    • South Africa's Just Energy Transition Jobs First Project partners gathered to foster inclusive and sustainable green practices in South Africa’s Just Energy Transition. Bottom row (from left to right): Hayley Sylvester (UVU Accelerate), Anne-Charlotte Garnier (AFD), Nina Kolybashkina (CIF), Slim Dali (AFD), Patricia Pena (Global Affairs Canada), Peter Nonyane (Mpumalanga Department of Social Development), Middle row (from left to right), Suhana Bisnath (UVU Africa), Chiagozie Obuekwe (CIF). Andisiwe Gcali (Global Affairs Canada), Neil Cole (JET PMU South Africa Presidency), Nawsheen Elaheebocus (AfDB), Nkosinathi Nkonyane (MGCA), Back row (from left to right) (from left to right) Lore Manonyane (Mpumalanga Provincial Treasury), Shauna Flanagan (Global Affairs Canada)
  • All (1)
Source: African Development Bank Group (AfDB) |

Advancing Gender Equality in South Africa’s Just Energy Transition

Through direct engagement with local voices, the Project is fostering a collaborative environment where grassroots insights are prioritized, building a foundation for a more inclusive energy transition that centres around community needs

A series of impactful events held between November 12-15 marked several strides forward in advancing gender equality in South Africa’s Just Energy Transition.   Organized by the Mpumalanga Green Cluster Agency, the Project Implementation Unit, with support from the Climate Investment Funds (https://apo-opa.co/4iDmV0s) and the African Development Bank, the week-long programme’s…

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

African Development Bank Group to extend facilities worth $200 million and ZAR 3.6 billion to Standard Bank Group to increase trade in Africa and support Small and Medium-sized Enterprises (SMEs)

The partnership will bolster Standard Bank Group’s capital, increase support for small and medium-sized enterprises (SMEs) in South Africa and expand trade across the African continent

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in Africa. The first is a $200 million trade finance risk participation agreement (RPA) for Standard Bank of South Africa Limited; the second is a…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • (left to right) HE Nardos Bekele-Thomas, HE Dr David Masondo - Deputy Minister of Finance of South Africa, Ms Leila Farah Mokaddem - DG of Southern Africa, HE Andre Nzapayeke - Dean of Africa Group of Heads of Diplomatic Missions, HE Salih Omar Abdu - The Dean of the Diplomatic Corps in SA and Ambassador of the State of Eritrea in South Africa
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank Celebrates 60 Years of Transformative Impact in Africa Southern Region

The 60th-anniversary celebrations are a testament to the Bank’s resilience and the enduring support of its partners

The African Development Bank (AfDB) (www.AfDB.org) proudly celebrates its Diamond Jubilee, marking 60 years of driving social and economic transformation across the African continent. The Southern African regional celebration, held in Johannesburg, brought together leaders, stakeholders, and partners to reflect on the institution’s remarkable journey and its vision for a…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The loan from the African Development Bank will enable Transnet, which employs over 50,000 people, to continue to play an essential role in the South African economy
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank Accelerates Private Sector Support with Initial Disbursement of USD 1 Billion Loan to Transnet

The efficiency of the disbursement reflects Transnet’s fulfilment of the Bank’s rigorous requirements for governance, the environmental stewardship, and social responsibility

The African Development Bank (www.AfDB.org) has released the first tranche of its $1 billion loan to Transnet, the South African state-owned conglomerate managing the country’s ports, railways and pipelines. This disbursement is the first in a series of four tranches planned for an unparalleled financing arrangement to support Transnet’s business’s…

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

South Africa: African Development Bank and Absa unveil multi-billion rand financial package to expand sustainable capital markets, boost economic growth for women and youth

Absa is collaborating with the African Development Bank to enhance skills among both Absa staff and women business owners

The African Development Bank (www.AfDB.org) and Absa Group, one of Africa's leading financial services providers, today celebrated a landmark agreement to mark the execution of a transformative financial package aimed at increasing funding for underserved segments, across South Africa and the continent. The target audience includes women-owned businesses, youth entrepreneurs,…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (6)
    • As the sole operator of ports, railways and oil pipelines, Transnet holds a unique position in the freight logistics sector in South Africa and the Southern African Development Community (SADC) region
    • South Africa boasts the highest level of railway infrastructure in Africa, covering around 30,000 km. It ranks as the world’s 14th largest in length and is notably well-developed compared to other emerging markets
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (1)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (2)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (3)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (4)
  • All (6)
Source: African Development Bank Group (AfDB) |

South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

In addition to the corporate loan, the African Development Bank is contemplating two targeted grants, including $750,000 in technical support from the Sustainable Energy Fund for Africa

The African Development Bank Group (www.AfDB.org) has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans. The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully…

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

African Business Founders to Take Center Stage at African Hidden Champions (AHC) Soirée in Johannesburg

his event, dubbed "Proudly Local, Boldly Global," is also supported by British International Investment (BII), the UK’s development finance institution (DFI) and impact investor

African Hidden Champions (AHC) will host an exclusive Soirée on April 24, 2024, in Johannesburg to convene and celebrate entrepreneurial spirit with top African founders taking on the global stage. The event will also feature a private concert with award-winning South African artist, Ami Faku.  African Hidden Champions, a co-partnership…

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

South Africa: African Development Bank approves $300 million for energy governance and climate resilience

The Programme prepared in collaboration with other development partners including the World Bank and KfW Development Bank (KfW), will help advance South Africa’s energy transition

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $300 million loan to South Africa to implement its Energy Governance and Climate Resilience Programme. The Programme prepared in collaboration with other development partners including the World Bank and KfW Development Bank (KfW), will help advance South…

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

South Africa: African Development Bank approves $1 billion guarantee from the United Kingdom to support SA’s Just Energy Transition

This is another innovative operation that reaffirms AfDB’s leadership in crafting financial solutions to increase access to climate finance for Africa’s low carbon development and net zero ambitions

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $1 billion guarantee program in collaboration with the UK Foreign Commonwealth and Development Office (FCDO), which will allow the Bank to increase its lending capacity in support of South Africa’s Just Energy Transition (JET). Developed in…

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

South Africa: African Development Bank approves ZAR 2.7 billion subordinated financing and $150 million trade finance facility for Absa Group Limited

The financing will boost Absa’s program to scale up and grow its loan book in sustainable lending activities within the small and medium sized enterprises (SMEs) segment

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a financial package for Absa Group Limited comprising a sustainability-linked loan for an amount of ZAR 1.7 billion; an investment of ZAR 1 billion into Absa’s inaugural social bond issuance to be listed on the Johannesburg Stock Exchange;…