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African Development Bank Group (AfDB)

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    • Ethiopian Airlines Chief Commercial Officer, Lemma Yadecha (4th from L) and African Development Bank Group President, Dr. Akinwumi Adesina (4th from R), hold the signed mandate letter designating the Bank as mandated lead arranger for the Bishoftu International Airport in Ethiopia, set to be Africa’s largest airport by 2029
    • Ethiopian Airlines Group Chief Commercial Officer Lemma Yadecha and African Development Bank Group President, Dr. Akinwumi Adesina, sign a Mandated Lead Arranger agreement authorizing the Bank to mobilize up to $8 billion in financing for the new Bishoftu International Airport
    • “Speed and scale are now the hallmarks of Ethiopia. And scale is what we are signing onto today – a testament to the power of vision, determination and resolve to put Africa at the top,” said the Bank chief
    • Ethiopian Airlines Group Chief Commercial Officer, Lemma Yadecha, presented the Bishoftu International Airport project to event participants, outlining scheduled construction timelines, current progress and estimated costs
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Source: African Development Bank Group (AfDB) |

The $10 Billion Mega-Airport Financing Partnership Between Ethiopian Airlines and African Development Bank Takes Off

New Bishoftu international airport will be a game changer for air transport in Africa and globally — Adesina

Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a monumental signing ceremony marking the African Development Bank’s role (www.AfDB.org) as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly $8 billion of the…

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

Remarks by Dr. Akinwumi A. Adesina President and Chairman, Boards of Directors, African Development Bank Group at the Signing Ceremony for Mandated Lead Arranger New Bishoftu Airport of Ethiopia

The phase one of the Bishoftu airport will handle 60 million passengers per annum, which will rise to 110 million passengers per annum, in phase 2

Protocols  Honorable Minister of Finance and Governor of Ethiopia to the African Development Bank Group, Ahmed Shide.  Honorable Ministers and senior officials of the Government of Ethiopia.  Honorable Ministers, including the Honorable Minister of Finance for Malawi, Simplex Banda.  The Chairman of the Board of Directors of the Ethiopian Airlines…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina, and his wife, Grace Yemisi Adesina, AfDB Vice President for Private Sector, Infrastructure and Industrialization, Solomon Quaynor (extreme left), AfDB Director General, Nigeria Country Department, Dr. Abdul Kamara (2nd from left), and Saglev Chairman and CEO, Dr. Sam Faleye, during Adesina’s visit to the Saglev assembly plant in Lagos, Nigeria, 31 July 2025
    • AfDB President Akinwumi Adesina with Saglev EV automobile technicians, during Adesina’s visit to the Saglev assembly plant in Lagos, Nigeria, 31 July 2025
    • AfDB President Akinwumi Adesina and Saglev Chairman and CEO, Dr. Sam Faleye with staff of the company, during Adesina’s visit to the Saglev assembly plant in Lagos, Nigeria, 31 July 2025
    • Saglev Chairman and CEO, Dr. Sam Faleye, and AfDB President Akinwumi Adesina, at the Saglev EV assembly plant in Lagos, Nigeria, 31 July 2025
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Source: African Development Bank Group (AfDB) |

‘Our role as a Bank is to champion African entrepreneurs’ – Adesina

During the tour, Adesina engaged in discussions on the key challenges facing Nigeria’s automotive sector, including fiscal policy, logistics, access to finance, and the lack of local manufacturing capacity for critical components

The President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, has reaffirmed the Bank’s strong commitment to supporting African entrepreneurs and industrial innovation. He was speaking during a visit to Saglev, a Nigerian electric vehicle assembly and distribution company in Lagos.  “Our role as a bank, and my…

African Development Bank Group (AfDB)

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    • The renovated National Road 1 between Kinshasa, Kwango and Kwilu is boosting economic activity in the south-west of the Democratic Republic of Congo (1)
    • The renovated National Road 1 between Kinshasa, Kwango and Kwilu is boosting economic activity in the south-west of the Democratic Republic of Congo (2)
    • The renovated National Road 1 between Kinshasa, Kwango and Kwilu is boosting economic activity in the south-west of the Democratic Republic of Congo (3)
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Source: African Development Bank Group (AfDB) |

The renovated National Road 1 between Kinshasa, Kwango and Kwilu is boosting economic activity in the south-west of the Democratic Republic of Congo

This improvement greatly facilitates interprovincial trade and creates momentum for regional economic integration

In Kikwit, in Kwilu province in the south-west of the Democratic Republic of Congo, the "lower town" market is bustling. No-one seems bothered by the sun, which is at its zenith. Motorcycles, tricycles, goods trucks and street vendors intermingle in a constant, noisy ballet, signs of the economic dynamism of…

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

Rwanda: African Development Bank kickstarts pioneering cable car project in Kigali

Construction is expected to begin in late 2026, with commissioning scheduled for 2028

The African Development Bank (www.AfDB.org) has approved a grant of $500,000 to undertake a feasibility study into the first phase of a cable car transport network in Kigali, that will be sub-Saharan Africa’s first aerial urban transit system. The funds, to be sourced from the Bank Group’s Urban and Municipal…

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

Adesina spotlights African Development Bank’s role in delivering Mattei Plan and Global Gateway investments across Africa to drive industrial growth

Bank commended for driving key Mattei Plan infrastructure projects, including the Lobito Corridor and Rome Process Facility

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has reaffirmed the Bank’s central role in advancing Africa’s connectivity, industrialization, and regional integration through strategic investments aligned with Italy’s Mattei Plan and the European Union’s Global Gateway initiative.  Speaking at the joint Mattei Plan–Global Gateway Summit (https://apo-opa.co/3ZJy5Jx) held in Rome…

African Development Bank Group (AfDB)

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    • President Samia Suluhu Hassan and Bank Group President Adesina assess construction progress of the Msalato International Airport
    • President of Tanzania, Samia Suluhu Hassan addresses the community during a tour of Bank-funded transport projects in Dodoma with Bank Group President, Dr. Akinwumi Adesina, with his wife Grace Adesina, on 14 June 2025
    • “These [Bank] projects address the realities of Dodoma’s fast-rising population and the increasing demand for efficient transport,” President of Tanzania said during the Dodoma Outer Ring Road Commissioning Ceremony, on 14 June 2025
    • Adesina cannot hide his emotion upon hearing the Dodoma Outer Ring Road will be named after him during its commissioning ceremony
    • A section of the Dodoma Outer Ring carriageway, now named after Dr Adesina
    • Mama Samia and the crowd laugh and cheer as Adesina speaks Kiswahili during the Dodoma Ring Road commissioning ceremony (1)
    • Mama Samia and the crowd laugh and cheer as Adesina speaks Kiswahili during the Dodoma Ring Road commissioning ceremony (2)
    • Dr Adesina with the Class of 2025 University Dar es Salaam doctoral graduates, after being awarded a Doctor of Science Honorary Degree
    • Tanzania celebrates and honors Akinwumi Adesina’s impactful legacy as President of the African Development Bank
    • Adesina and Former President of Tanzania, Jakaya Kikwete, enjoy a 3-hour ride from Dar es Salaam to Dodoma on the Standard Gauge Railway
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Source: African Development Bank Group (AfDB) |

Tanzania celebrates and honors Akinwumi Adesina’s impactful legacy as President of the African Development Bank

President Suluhu Hassan names 112-kilometer iconic highway after Adesina

The Government of the United Republic of Tanzania, on 14 June, has honored the President of the African Development Bank Group (www.AfDB.org) Dr Akinwumi Adesina describing him as “a visionary leader, a tireless son of Africa who has dedicated his life to transform the narrative of the continent.” President Samia…

African Development Bank Group (AfDB)

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    • The Mayi Nunene health centre was built as part of the project to strengthen socioeconomic infrastructure in central DRC
    • View of the RN1 section at Batshamba
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Source: African Development Bank Group (AfDB) |

In the Democratic Republic of Congo (DRC), the African Development Bank is accelerating the transformation of infrastructure and access to basic social services

This initiative will benefit over 19 million people by facilitating access to markets, improving the availability of agricultural products and food security, and supporting mobility and economic activities

Roads in Kenge, Kikwit, Tshikapa, Kamuensha, and Mbuji-Mayi have been completely rehabilitated, new stretches of road built, and urban roads modernized. Numerous examples of socioeconomic infrastructure have also benefited from the financial support of the African Development Bank Group (www.AfDB.org), helping to transform the daily lives of hundreds of thousands…

African Development Bank Group (AfDB)

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    • From left to right: Ms. Arina Viseth, Resident Representative of the International Monetary Fund in Chad; Mr Claude N’Kodia, Acting Country Manager of the AfDB in Chad; Mr Amir Idriss Kourda, Minister for Infrastructure, Access-Improvement and Road Maintenance; Tahir Hamid Nguilin, Minister of State, Minister of Finance, Budget, Economy, Planning and International Cooperation; Ali Djadda Kampard, Secretary of State for Finance and Budget
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Source: African Development Bank Group (AfDB) |

African Development Bank signs $45 million grant agreement with Chad for asphalting of the Kyabé-Mayo road section

The agreement paves the way for support from the Islamic Development Bank to finance the second section of the 205-kilometer Mayo-Singako-Am Timan at an estimated cost of $275.5 million

The African Development Bank (www.AfDB.org) and the government of Chad have signed a grant agreement worth $44.9 million to finance the asphalting of the 49.5-kilometre Kyabé-Mayo section of the Kyabé-Singako road, including the construction of a 55-metre bridge. The agreement was signed in N’Djamena on 19 February 2025 by Tahir…

African Development Bank Group (AfDB)

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    • Completion of the project will improve user mobility on 188.9 kilometres of Tunisia’s classified road network by reducing transport constraints linked to the narrow gauge and ageing of road surfaces in the country’s seven governorates
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Source: African Development Bank Group (AfDB) |

Tunisia: African Development Bank grants a loan of over €80 million to upgrade road infrastructure in seven of the country’s governorates

The project, which will run from 2025 to 2030, is a continuation of two earlier phases of the Road Infrastructure Modernization Programme

The African Development Bank (www.AfDB.org) has granted Tunisia a loan of €80.16 million to implement the next phase of the country’s road improvement scheme.  The project for Phase 3 of the Road Infrastructure Modernization Programme carries a total cost of €86.21 million euros and is being co-financed by the loan…