Source: African Development Bank Group (AfDB) |

From Aid to Investment: Africa Investment Forum Builds $225B Momentum in Making Continent Bankable

Partners Set Stage for Expanded 2025 Market Days Following Last Year's Record $29.2B in Investment Interest

Buoyed by last year’s successful Africa Investment Forum’s Market Days that generated $29.2 billion of investment interest, its nine founding partners are bracing for an even bigger and better event later this year. The 2024 Africa Investment Forum Market Days attracted more than 2,300 investors and participants from 83 countries…

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    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (1)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (2)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (4)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (5)
    • African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development

The African Development Bank’s 2025 African Economic Outlook report to be released during the annual meetings would address the changing global economic landscape

The African Development Bank Group’s (www.AfDB.org) 2025 Annual Meetings next month will take a deep dive into how Africa can better harness its wealth of capital and address current issues such as heavy debt burdens, climate change and rising tariffs in a complex geopolitical landscape, the institution’s Secretary General and Chief…

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    • African Development Bank’s Tanzania Country Manager, Patricia Laverley (right), and BOAT’s Deputy Managing Director, Hamza Cherkaoui, display signed copies of the $7.5 million trade finance transaction guarantee agreement
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Source: African Development Bank Group (AfDB) |

African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance

The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector

The African Development Bank (www.AfDB.org) and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania. Under this facility, the African Development Bank will provide a guarantee of up to 100% to…

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    • Mano River Union delegation with women traders on the Busia border (in pink)
    • A Liberian woman trader (in jacket) engages the One-Stop-Border point management on the Kenya side
    • A delegation of the study tour, comprising women traders and border officials from Liberia and Sierra Leone, as well as representatives from the African Development Bank at the One-Sto- Border-Post in Busia
    • Bank and BIBEST project staff engaging a Kenyan female mechanic, who is also a cross border trader in Busia
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Source: African Development Bank Group (AfDB) |

Mano River Union Delegation Studies Successful Border Post Model to Enhance Women’s Cross-Border Trade

The delegation held discussions with Kenya’s Ministry of Investments, Trade and Industry, the National AfCFTA Committee, TradeMark Africa, Busia Border management authorities, and local women cross-border traders

A Mano River Union (MRU) delegation recently concluded a successful study tour of the ‘Busia One Stop Border Post’ (OSBP) between Kenya and Uganda, gaining valuable insights into efficient cross-border trade systems that benefit women traders. The tour brought together women traders and border officials from Liberia and Sierra Leone,…

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    • African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade (1)
    • African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade

The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million

The African Development Bank Group (www.AfDB.org) and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa. The agreement includes a R3.6 billion investment in a social bond and a $200 million Risk Participation…

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    • Mrs. Nnenna Nwabufo – Vice President - Regional Development, Integration and Business Delivery – African Development Bank Group, offering the welcome remarks
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    • Dr. Joy Kategekwa - Director, Regional Integration Coordination Office at the African Development Bank Group (2nd from right) with Participants including His Excellency the Minister of Trade and Regional Integration of Ethiopia, Dr Kasahun Gofe (Middle)
    • A group photo of Speakers during the High-Level Strategic Dialogue on Accelerating Visa-free Movement for Africa’s transformation and integration. They incude Mrs. Nnenna Nwabufo - Vice President, Regional Development, Integration and Business Delivery at the African Development Bank Group (4th from left) and H.E. Mr. Albert Muchanga - Commissioner for Economic Development, Trade, Tourism, Industry and Minerals at the African Union Commission (5th from left)
    • H.E. Mr. Albert Muchanga - Commissioner for Economic Development, Trade, Tourism, Industry and Minerals at the African Union Commission, delivering the Keynote Address
    • Dr. Joy Kategekwa - Director, Regional Integration Coordination Office - African Development Bank Group and Dr. Sabelo Mbokazi – Head, Employment, Labour and Migration Division – African Union Commission during the joint announcement of the 2025 Visa-Free Roadshow
    • Ometere Omoluabi-Davies – Principal Regional Integration Coordinator – Regional Integration Coordination Office at the African Development Bank Group, presenting the 9th edition of the Africa Visa Openness Index Report
    • Honorable Prudence Sebahizi, Minister of Trade and Industry, Rwanda
    • African Union Youth Envoy - Chido Mpemba on a call to action
    • Participants at the session (2)
    • Participants at the session (3)
    • Africa’s Business Sector sharing reflections on the theme (2nd from left Dr Amany Asfour - President, African Business Council, 2nd from right Ms. Allen Asiimwe - Deputy Chief Executive Officer, TradeMark Africa, First from right Mr. Mulualem Syoum – Chief Executive Officer, AeTradeGroup)
    • Policymakers in a roundtable discussion on model practices to accelerate Visa-Free movement in Africa (From left - right H.E. Gilberto Da Piedade VERISSIMO - Chairperson - Economic Community of Central African States, ECCAS, H.E. Ms. Veronica Nduva – Secretary General, East African Community, EAC, H.E. Mr. Elias Magosi – Executive Secretary – Southern African Development Community, SADC, H.E. Dr Kasahun Gofe, Minister of Trade and Regional Integration of Ethiopia, Brian Tamuka Kagoro - Pan-Africanist and Managing Director Programs, Open Society Foundations)
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Source: African Development Bank Group (AfDB) |

African ministers hold strategic dialogue on visa-free movement to propel regional integration agenda for Africa’s Transformation

The presentation reported that 39 African countries have improved their scores since 2016, indicating that visa openness across Africa is at its highest level since the inception of the index

On the sidelines of the 38th African Union Summit, African leaders discussed obstacles to the continent’s economic integration, underscoring visa-free movement to reduce illegal migration and strengthen official travel channels.  The high-level dialogue, convened by the African Development Bank Group and the African Union Commission alongside the AU Summit, brought…

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    • African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact
    • African Development Bank Group President Dr. Akinwumi Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s operations, which have impacted more than half a billion lives over the past decade
    • African Heads of State and Government display copies of the Dar es Salaam Energy Declaration at the closing session of the Africa Energy Summit, 28 January 2025
    • The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” said Dr. Adesina
    • The Africa Investment Forum, a joint effort with eight other partner institutions, has mobilized over $200 billion in infrastructure investment commitments. (Picture: Africa Investment Forum Founding Partners and other officials during the Opening Session of the Africa Investment Forum 2024 Market Days, Rabat, 4 December 2024.)
    • UN Secretary-General António Guterres reiterated calls for reform of the international financial architecture
    • Barbados Prime Minister Mia Mottley emphasized Africa’s strategic role in shaping global economic trends, as the continent controls 40% of the world’s minerals
    • Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity in addressing Africa’s challenges
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Source: African Development Bank Group (AfDB) |

African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact

During the final day of the assembly, several African governments and AU officials paid tribute to Dr. Adesina for his exceptional leadership of the Bank and strong global advocacy for Africa, He ends his tenure as the Bank Group’s president on 1st September 2025

“It’s been my greatest honor to serve you and Africa”—Adesina tells African leaders Governments across Africa pay tribute to Adesina’s exceptional leadership UN Secretary General Guterres says global financial architecture hampering Africa’s development, calls for reforms African Development Bank Group (www.AfDB.org/en) President Dr. Akinwumi A. Adesina, delivered a compelling farewell address…

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…

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    • The road corridor project supported by the African Development Fund will contribute to the economic and social integration of southern Madagascar by opening up the region
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Source: African Development Bank Group (AfDB) |

Madagascar: African Development Bank Group grants a $165 million loan to develop roads in Southern Madagascar and facilitate trade

A significant part of the project involves reconstructing the Manombo bridge and creating two new two-lane bridges spanning 460 meters to enhance road connectivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $165 million loan to Madagascar to develop critical trade corridors and improve regional connectivity. The funding, granted on 11 December 2024 in Abidjan, will support the third phase of a major infrastructure project to improve trade…

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    • Ahmed Attout (left), Director for Financial Sector Development of the African Development Bank and Wegoki Mugeni, Chief operating officer, East Africa, TDB Group, signed the agreement for the $150 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility
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Source: African Development Bank Group (AfDB) |

African Development Bank and Trade and Development Bank (TDB) Group strengthen trade finance partnership through a Trade Finance Unfunded Risk Participation Agreement

The RPA aims at bolstering intra-Africa trade, promoting regional integration, and contributing to the reduction of the trade finance gap in Africa

The African Development Bank Group (www.AfDB.org) and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed an agreement for a $150 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility. The agreement was concluded on the sidelines of the African Investment Forum in Rabat, Morocco. The…