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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…

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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…

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    • Representatives of the African Development Bank and Bank of Africa Maroc at the signing of the risk-sharing agreement at the African Investment Forum
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Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2024: African Development Bank and Bank of Africa SA sign EUR 50 million risk-sharing agreement to support development of Small and Medium-sized Enterprises (SMEs) and boost African trade

The risk-sharing agreement will enable Bank of Africa SA to provide more support to local African banks in their international operations

The African Development Bank (www.AfDB.org) and Bank of Africa SA have signed a risk-sharing agreement of EUR 50 million to strengthen private-sector financing and promote African trade. The signing ceremony took place on 4 December 2024, during the 2024 Africa Investment Forum (AIF) Market Days in Rabat, Morocco. The risk-sharing agreement will…

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    • The African Development Bank's 2024-2029 Country Strategy Paper for Ghana proposes innovative methods to accelerate agri-industrial transformation and increase support for the private sector
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Source: African Development Bank Group (AfDB) |

Ghana: African Development Bank's 2024-2029 Country Strategy Paper for Ghana prioritises support for industrialisation and sustainable transport infrastructure

As of 31 October 2024, the African Development Bank Group's active portfolio in Ghana comprised 23 projects, featuring total commitments of US$850 million

The main aim of the African Development Bank Group (www.AfDB.org) Country Strategy Paper (CSP) 2024-2029 for Ghana, approved by the Board of Directors on 6 November 2024, is to build a resilient and inclusive economy through private sector-led industrialisation. The CSP has set two priorities: industrialisation through private sector development…

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    • Completion of the road project, supported by the African Development Fund, will boost trade between Senegal and Guinea, as well as with Mali
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Source: African Development Bank Group (AfDB) |

African Development Fund releases $81 million dollars for construction of road linking Guinea and Senegal to promote integration and trade

The loan from the concessional window of the African Development Bank Group consists of $41.47 million for Senegal and $39.46 million for Guinea

The Board of Directors of the African Development Fund (www.AfDB.org) approved a loan of $80.93 million to Senegal and Guinea for the construction of a new interstate road linking Labé and Mali in Guinea with Kédougou and Fongolembi in Senegal. The loan from the concessional window of the African Development…

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    • Japan’s Deputy Vice Minister of Finance for International Affairs, Mr. Daiho Fujii (left) with Ms. Ayisha Fuseini, owner of Asheba Enterprise and one of the beneficiaries of FAPA funded project, the Ghana SME Business Linkage
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Source: African Development Bank Group (AfDB) |

Joint African Development Bank- Government of Japan Visit to Fund for African Private Sector Assistance (FAPA)-Funded Projects in Ghana

Propelling Sustainable Private Sector Development through collaboration

The African Development Bank (www.AfDB.org) and the Government of Japan recently concluded a joint visit to two projects funded by the Fund for African Private Sector Assistance (https://apo-opa.co/4dOF0oP) (FAPA) in Ghana to assess their impact on stimulating the growth of small businesses and boosting private sector development. The Japanese delegation…

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    • African Development Bank supports BIASHARA Africa 2024 Business Forum
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Source: African Development Bank Group (AfDB) |

African Development Bank supports BIASHARA Africa 2024 Business Forum

The meeting, organized by the African Continental Free Trade Area (AfCFTA), brought together industry leaders, policymakers and government representatives to promote African trade and foster economic growth on the continent

The African Development Bank (www.AfDB.org) has lent support to the Biashara Africa 2024 Business Forum or AfCFTA Business Forum, held from 9-11 October 2024 in Kigali, Rwanda.  The meeting, organized by the African Continental Free Trade Area (AfCFTA) (https://apo-opa.co/4h90Ciq), brought together industry leaders, policymakers and government representatives to promote African…

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,…

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    • The African Development Bank approves a trade finance facility of EUR 70 million for Bank of Africa Morocco to promote trade in Africa
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Source: African Development Bank Group (AfDB) |

The African Development Bank approves a trade finance facility of EUR 70 million for Bank of Africa Morocco to promote trade in Africa

The aim of the cooperation is to strengthen countries’ diversification of production and competitiveness, raise additional tax revenues and create new job opportunities

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a trade finance facility of EUR 70 million for Bank of Africa Morocco (BOA). “The African Development Bank, which is rated AAA by the largest  rating agencies, is joining forces with the Bank of Africa Morocco to…