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

African Development Bank funds second Tech Park in Mindelo

The campus currently hosts ten companies from four countries and employs 125 young professionals, with 80% of its 25 office spaces occupied

Cabo Verde has inaugurated the Mindelo Technology Park, completing the second campus of the TechPark CV project funded by the African Development Bank (www.AfDB.org). The facility aims to establish the country as a digital hub connecting Africa with global markets.  The ceremony took place on May 6 with representatives from…

African Development Bank Group (AfDB)

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    • Botswana: AfDB’s support to Lobatse Clay Works
    • Botswana: AfDB’s support to Delta Automotive Technologies Botswana (Pty) Ltd
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    • Delta Automotive's skilled workforce crafts precision wiring harnesses that power Volkswagen and Nissan vehicles, showcasing Botswana's growing footprint in global automotive manufacturing
    • Delta Automotive makes wiring harnesses primarily for Volkswagen and Nissan vehicles
    • A skilled technician at Delta Automotive Technologies carefully positions a freshly manufactured wire roll onto the storage rack, preparing it for the next critical phase in the wiring harness production process
    • A Delta Automotive Technologies representative demonstrates a complete wire harness set and explains its functionality
    • Delta Automotive technician perfects critical wire Harness destined for South African auto assembly lines
    • One of the female workers at Delta Automotive Technologies knitting wires together
    • Some female workers at Delta Automotive Technologies carefully knitting wires together
    • A worker at the Delta Automotive plant carefully knits wires together
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Source: African Development Bank Group (AfDB) |

Wiring Africa's industrial future: African Development Bank’s helping to spur Botswana's automotive revolution

Across sprawling factory floors, hundreds of skilled hands meticulously assemble intricate wiring harnesses - components that will eventually power Volkswagen and Nissan vehicles across Africa and beyond

The Botswanan town of Lobatse, some 70 km south of Gaborone, has been transformed into a vibrant manufacturing centre. Across sprawling factory floors, hundreds of skilled hands meticulously assemble intricate wiring harnesses - components that will eventually power Volkswagen and Nissan vehicles across Africa and beyond. In the automotive industry, wire…

African Development Bank Group (AfDB)

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    • AfDB Manager Mohamadou Ba (second from right) with Gates Foundation Program Officer Thao Hong (far left), the French Treasury's Clarisse Senaya (second left), AFD's Head of Financial Systems Audrey Brule-Françoise (center left), AfDB Principal Officer Mariam Yeo-Dembele (center right) and ADFI Communications lead Louise Simpson (far right)
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Source: African Development Bank Group (AfDB) |

Agence française de développement commits additional €3 million to Africa Digital Financial Inclusion Facility to boost digital financial inclusion

The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg

The Agence française de développement (AFD) has committed an additional €3 million to the African Development Bank (www.AfDB.org) -managed Africa Digital Financial Inclusion Facility (ADFI) (https://apo-opa.co/4iXF6xK) to accelerate financial inclusion in Africa.  The increase brings AFD’s total funding to over €5 million. The resources will support the ADFI partnership in…

African Development Bank Group (AfDB)

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    • Participants at the signing of a tripartite agreement for a drone-driven initiative to strengthen disaster preparedness in Mozambique
    • From left to right: Mr. Changmoon Yang, MD of Busan Techno Park, South Korea; Mozambique’s Minister of Communication and Digital Transformation; and Akposso Marcelle, Division Manager, AfDB, at the signing of a tripartite agreement for a drone-driven initiative to strengthen disaster preparedness in Mozambique
    • A prototype drone for an initiative to strengthen disaster preparedness in Mozambique
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Source: African Development Bank Group (AfDB) |

African Development Bank and Mozambique launch drone-based initiative to strengthen country’s disaster preparedness

The Drone-Based Disaster Management Project will establish a drone training centre in Mozambique to train 30 professionals, including 10 instructors

The African Development Bank (www.AfDB.org), the government of Mozambique, and Korea’s government agency Busan Technopark have launched an innovative drone-driven initiative to strengthen disaster preparedness in Mozambique, a country frequently hit by floods, mudslides, cyclones, and other weather-related crises.   The launch event took place in Maputo, on Thursday, April 3.  …

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

African Development Bank Partners with AXIAN Telecom to Accelerate Africa's Digital Transformation

Over $10 million will be dedicated to empowering 22,000 women entrepreneurs in Madagascar through AXIAN’s Mvola platform

The African Development Bank (www.AfDB.org) has approved a $160 million senior corporate loan to support AXIAN Telecom to expand digital access and financial inclusion in nine African countries. The loan will accelerate the modernization and expansion of AXIAN Telecom‘s network infrastructure, with a focus on 4G and 5G deployment; while…

African Development Bank Group (AfDB)

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    • African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa

This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures

The African Development Bank (www.AfDB.org) has announced a $10 million investment from its Sustainable Energy Fund for Africa (SEFA) into the Persistent Africa Climate Venture Builder Fund (ACV Fund) to propel climate technology entrepreneurship across Sub-Saharan Africa. This catalytic investment aims to unlock $70 million in funding for African climate-focused…

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

African Academy of Sciences Conference charts new path for continental scientific renaissance

The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy

The African Academy of Sciences (AAS) 15th Bi-Annual General Assembly and Scientific Conference opened with powerful calls for African scientific sovereignty and renewed investment in the continent's research capabilities. The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy. The 15th…

African Development Bank Group (AfDB)

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    • A screenshot of some of the youth entrepreneurs pitching business ideas during the virtual Africa Tech Startup Forum organized by AfDB’s Innovation and Entrepreneurship Lab
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Source: African Development Bank Group (AfDB) |

African Youth Tech Venture Entrepreneurs Embark on Groundbreaking Korean Innovation Tour

Financially supported by the Korea-Africa Economic Cooperation Trust Fund, the Africa Tech Startup Forum is part of the African Development Bank’s broader Jobs for Youth in Africa Strategy

Twenty promising youth entrepreneurs from African technology ventures and enterprise support organizations have embarked on a two-week study tour of the Republic of Korea, seeking investment and insights from the country’s innovative tech ecosystem. The African Development Bank Group’s (www.AfDB.org) Innovation and Entrepreneurship Lab selected these young entrepreneurs from 133…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina (far left) with UK PM Keir Starmer, CIF CEO Tariye Gbadegesin, World Bank President Ajay Banga at COP 29. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

Climate Investment Funds Capital Markets Mechanism announces bond listing on London Stock Exchange (LSE) to boost climate finance for Africa

First time a multilateral climate fund will use the strength of its balance sheet to unlock urgently needed climate finance – Dr. A Adesina, African Development Bank President

The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme (https://apo-opa.co/3CsQ7qw) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world. The announcement was made on Tuesday 12 November, at a…

African Development Bank Group (AfDB)

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    • The electricity highway between Ethiopia and Kenya represents a technological advance for electricity transmission
    • The project is a model of sustainability, allowing better integration of wind power, Solar and hydroelectricity into regional networks
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Source: African Development Bank Group (AfDB) |

East Africa: The Ethiopia-Kenya Electricity Highway is Shaping Regional Connectivity with the Support of the African Development Bank

This high voltage DC infrastructure is the only one of its kind in the region and is the foundation of East Africa’s ambition to be interconnected in terms of power exchange and allow cross-border trade in energy

The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more than 10 years of planning and construction, is redefining energy connectivity in East Africa. It is more than a piece of infrastructure, it is an economic and environmental entity, connecting not just power grids but nations and…