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African Development Bank Group (AfDB)

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    • Prime Minister of Norway, Jonas Gahr Støre and African Development Bank Group President Dr. Sidi Ould Tah
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Source: African Development Bank Group (AfDB) |

G20 Summit: Norway reaffirms support to Africa’s development with NOK 3.1 billion pledge to the African Development Fund’s seventeenth replenishment

The seventeenth replenishment of the African Development Fund will be finalized at a pledging session in London from 15 to 16 December 2025

Norway reaffirmed its long-standing commitment to Africa’s low-income countries with a NOK 3.1 billion pledge to the African Development Fund’s seventeenth replenishment (ADF-17). The announcement, made during the Global Citizen Now: Johannesburg event, held on 21 November, was later reiterated in a bilateral meeting between Norwegian Prime Minister Jonas Gahr…

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

African Development Bank approves $310 million financial package for FirstRand Bank to scale up lending to MSMEs, women entrepreneurs and agribusinesses in South Africa

$110 million — more than one-third of the total financial package – is explicitly earmarked for women MSMEs

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $310 million financial package to FirstRand Bank, one of the largest financial institutions in Africa. This support will significantly increase access to finance for micro, small, and medium-sized business enterprises (MSMEs), with a particular focus on…

African Development Bank Group (AfDB)

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    • Site geotechnical studies and piling works underway at Nyanza Light Metals in South Africa
    • Architectural rendering of the proposed Nyanza Light Metals titanium dioxide plant in South Africa
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Source: African Development Bank Group (AfDB) |

South Africa: African Development Bank approves $75 million in Nyanza Light Metals to drive large-scale titanium processing

The financing will support the development, construction, and operation of an 80,000-tonnes-per-year titanium dioxide pigment manufacturing plant and supporting infrastructure within the Richards Bay Industrial Development Zone

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved $75 million in financing to support South Africa-based Nyanza Light Metals Pty Ltd (Nyanza) to boost industrialization in Africa through local value addition to the continent’s abundant titanium mineral resources. Titanium dioxide is a crucial pigment used…

African Development Bank Group (AfDB)

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    • Paula Santos Da-Costa, the Director of PIAC and Advocate Andy Mothibi
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Source: African Development Bank Group (AfDB) |

African Development Bank Group’s Office of Integrity and Anti-Corruption partners with Special Investigations Unit of South Africa to combat financial crime and strengthen anti-corruption efforts in Africa

The agreement specifies key areas of collaboration: technical assistance, research, capacity building and training programs

The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) (www.AfDB.org) and the Special Investigations Unit (SIU) of South Africa have signed a Memorandum of Understanding establishing a framework for cooperation between the two organizations for information sharing and capacity building. The agreement was signed on 3rd July 2025, in…

African Development Bank Group (AfDB)

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    • (L-R) Prof. Margaret Chigita-Mabugu , Dean, Faculty of Economic and Management Sciences, University of Pretoria, AfDB Vice President Nnenna Nwabufo, University of Tokyo President Dr Teruo Fujii and Prof. Daiji Kawaguchi, Dean of GraSPP, University of Tokyo during the Public Policy seminar at Tokyo University
    • Panelists, speakers and some JADS recipients, take a photo together following the TICAD9 University of Tokyo Public Policy Seminar
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Source: African Development Bank Group (AfDB) |

Ninth Tokyo International Conference on African Development (TICAD 9): Universities are the vital partners in development efforts for Africa; we will support them says the African Development Bank

Universities need to serve as incubators of innovation – AfDB VP Nnenna Nwabufo

Universities are essential partners in Africa’s development, and the African Development Bank (www.AfDB.org) is committed to supporting them as centres of innovation that can attract not only Bank financing but also private investment and venture capital, Vice-President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo, said. She was speaking at…

African Development Bank Group (AfDB)

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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) |

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)…

African Development Bank Group (AfDB)

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    • Energy transition programme beneficiaries install solar panels in a South African community
    • Three young women participate in a National Business Initiative skills training program, gaining practical trade skills to support South Africa's economy
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Source: African Development Bank Group (AfDB) |

African Development Bank awards $1 million grant to support green skills development for South Africans, with focus on youth

The National Business Initiative, an independent, business movement of nearly 100 South African and multi-national companies, will implement AfDB’s $1 million FAPA grant

The African Development Bank (www.AfDB.org), through the Fund for African Private Sector Assistance (FAPA), has awarded a $1 million grant to South Africa’s National Business Initiative (NBI) to strengthen efforts to build a dynamic, demand-led skills ecosystem that enables South Africans, particularly young people, to access emerging job opportunities in…

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

African Development Bank approves ZAR 2.5 billion loan to City of Johannesburg for critical urban infrastructure development

First direct lending to a subnational entity in Africa will support water, electricity, and waste management systems for Africa's largest economic hub

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to the City of Johannesburg Metropolitan Municipality, marking the Bank's first direct lending to a subnational entity in Africa.   The transaction will finance critical infrastructure projects in electricity,…

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    • Senegal and Kenya Top African Development Bank’s Electricity Regulatory Index, as Regulators Drive Tangible Reforms
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Source: African Development Bank Group (AfDB) |

Senegal and Kenya Top African Development Bank’s Electricity Regulatory Index, as Regulators Drive Tangible Reforms

For the first time, the 2024 ERI also assessed regional regulatory bodies, recognizing their growing role in harmonizing technical standards and enabling cross-border electricity trade

Kenya and Senegal have claimed the top spots in the African Development Bank’s 2024 Electricity Regulatory Index (ERI) (www.AfDB.org), demonstrating exceptional progress in power sector governance and regulatory outcomes. The comprehensive assessment, officially unveiled today at the Africa Energy Forum in Cape Town, evaluates regulatory frameworks across 43 African countries. …

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    • Members of the African Development Bank team and other participants who worked on Senegal's award-winning $500 million sustainable term loan in Cape Town, South Africa
    • Members of the AfDB team that participated in Rwanda's €200 M award-winning ESG loan in Cape Town
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Source: African Development Bank Group (AfDB) |

CORRECTION: African Development Bank-Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards

The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring

Two African Development Bank Group (www.AfDB.org)-supported projects have garnered top honours at the 2025 Bonds, Loans & ESG Capital Markets Africa Awards (https://apo-opa.co/4lvavcK) conference. A $500 million sustainable term loan facility in Senegal (https://apo-opa.co/4i1gUt8) was named Sovereign Syndicated Loan Deal of the Year, while Rwanda’s €200 million ESG loan (https://apo-opa.co/3RxvfTd) was awarded ESG…