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African Development Bank Group (AfDB)

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    • The African Development Bank is contributing to improving Cameroon’s road network to neighbouring Chad to ensure real integration in Central Africa
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Source: African Development Bank Group (AfDB) |

Cameroon: a loan of EUR 330 million from the African Development Bank to improve the performance of the Douala-Ndjamena economic corridor

The funds, EUR 318.24 million and EUR 12.24 million, are for the implementation of the fourth phase of the Transport Sector Support Program

The Board of Directors of the African Development Bank Group (www.AfDB.org) this week approved two loans to Cameroon designed to radically improve transport links with neighbouring Chad with major economic benefits to both countries. The funds, EUR 318.24 million and EUR 12.24 million, are for the implementation of the fourth…

African Development Bank Group (AfDB)

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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…

African Development Bank Group (AfDB)

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    • Financial support from the African Development Bank will help to improve the road network and open up two major regions of the country
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Source: African Development Bank Group (AfDB) |

Eswatini: African Development Bank approves a loan of over $140 million to open up two major regions with road infrastructure project

The new road surfaces will be adapted to climate change, enabling all-weather transportation locally and the wider area

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of $140.6 million to Eswatini for the first stage of a programme to improve road links and mobility at national and regional level in both urban and rural areas and create at least 200 jobs.…

African Development Bank Group (AfDB)

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    • 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
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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)

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    • For Burkina Faso and Mali, two landlocked countries located in West Africa, asphalting road corridors is essential for access to seaports
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Source: African Development Bank Group (AfDB) |

African Development Fund approves over €156 million for upgrase of cross-border roads connecting Burkina Faso and Mali with Côte d'Ivoire

A total of 242 km of road will be revamped in the two countries courtesy of funding from the Bank Group's concessional window and the Transition Support Facility

The Board of Directors of the African Development Fund (https://apo-opa.co/4f9eBTb) approved loans totalling €156.66 million on November 29 to Burkina Faso and Mali for the upgrading and asphalting of cross-border roads linking the two landlocked West African countries to Côte d'Ivoire. A total of 242 km of road will be…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina (7th from left, front row), Madagascar’s President Andry Rajoelina, Africa50 CEO Alain Ebobissé, and other participants at the 2024 Annual General Shareholders Meeting in Antananarivo. Adesina's wife, Grace, stands to his right
    • Madagascar's President Andry Rajoelina shows AfDB President Akinwumi Adesina a national craft at a Madagascar exhibition during the 2024 Annual Meetings in Antananarivo. Africa50 CEO Alain Ebobissé looks on
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Source: African Development Bank Group (AfDB) |

Africa50 investment platform gets thumbs up for its innovative financing, strategic partnerships and performance

Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing in just seven years of operation

Presidents of Madagascar and Tanzania praise Africa50's critical role in addressing the continent's infrastructure challenges; Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing in just seven years, Adesina. Africa50 (www.Africa50.com), the investment platform established by African governments and the African Development…

African Development Bank Group (AfDB)

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    • (From centre-right) The AfDB’s Climate Change and Green Growth Director Anthony Nyong; Climate Change Expert Muthoni Nduhiu; Principal Climate Change Officer Olufunso Somorin; and Joash Moitui, Communications Lead for AAAP, with a Project Team for the Kampala City Roads Rehabilitation Project at the project site
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Source: African Development Bank Group (AfDB) |

Uganda: African Development Bank’s Director for Climate Change and Green Growth Tours Kampala Road Rehabilitation Project

The project is expected to benefit at least 1.6 million people, including commuters, business owners, and transport providers by tackling congestion in Kampala

On Monday, 15 July 2024, the African Development Bank Group’s Director for Climate Change and Green Growth (www.AfDB.org), Prof. Anthony Nyong, led a Bank Group team to inspect the 69.2 km Kampala City Roads Rehabilitation Project (KCRRP) (https://apo-opa.co/3MuqQ0R). He was joined by Regional Principal Climate Change Officer, Dr. Olufunso Somorin,…

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    • Propelling Growth: African Development Bank reaffirms support for Liberia under new government
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Source: African Development Bank Group (AfDB) |

Propelling Growth: African Development Bank reaffirms support for Liberia under new government

Key focus areas of discussion included infrastructure development, SME-led private sector growth, bolstering domestic resource mobilization, and agricultural productivity

African Development Bank (www.AfDB.org) Executive Director Rufus N. Darkortey has concluded a five-day working visit to Liberia, where he held high-level discussions with major stakeholders, including President Joseph Nyuma Boakai. Darkortey, who represents Liberia, The Gambia, Ghana, Sudan, and Sierra Leone at the Bank, also met with Liberian Vice President…

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    • 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)
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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…

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    • Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support (1)
    • Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support (2)
    • Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support (3)
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Source: African Development Bank Group (AfDB) |

Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support

The new road is expected to offer huge benefits, including a 27% increase in average daily traffic along the route as well as reducing operating costs by 30% for cars and 33% for trucks

The people of the Union of the Comoros are celebrating the completion of a major road that will open up its agriculturally rich areas and provide reliable access to its popular tourist centres. Thousands of Comorians turned up to witness the official opening of the $30 million road artery financed…