African Development Bank Group (AfDB) / Press Release

Source: African Development Bank Group (AfDB) | Jul 02, 2025

The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa

The organizations will jointly develop action plans that combine technical assistance, policy support, capacity-building, and knowledge exchange to local governments

The African Development Bank Group (www.AfDB.org) and the United Nations Human Settlements Programme (UN-Habitat) have signed a Memorandum of Understanding to enhance collaboration and accelerate action on sustainable urban transformation across the continent. Under the agreement, the organizations will jointly develop action plans that combine technical assistance, policy support, capacity-building,…

Source: African Development Bank Group (AfDB) | Jul 01, 2025

African Development Bank approves ZAR 2.5 billion loan to City of Johannesburg for critical urban infrastructure development

First direct lending to a subnational entity in Africa will support water, electricity, and waste management systems for Africa's largest economic hub

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to the City of Johannesburg Metropolitan Municipality, marking the Bank's first direct lending to a subnational entity in Africa. The transaction will finance critical infrastructure projects in electricity,…

Multimedia content
Images (1)
- Meeting with Mr. Muyiwa Omololu, CEO, Ropeways
All (1)

Source: African Development Bank Group (AfDB) | Jun 26, 2025

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…

Multimedia content
Images (2)
- Members of the first sub-panel discussed the question: “How can funds be best used to support essential services and the development of our cities?”
- The focus of the second sub-panel was: “How to mobilise capital for urbanisation projects in Africa?”
All (2)

Source: African Development Bank Group (AfDB) | Dec 06, 2024

Africa Investment Forum 2024: Africa, the most urbanised continent by 2050, needs more investment to prevent a surge in shanty towns (experts warn)

Diversification of investment needs to go hand in hand with appropriate measures and provisions put in place by national governments and urban authorities

Africa’s urban population will triple in the next 25 years and African countries will need to invest up to 5.5 percent of their gross domestic product (GDP) in urban development if they are to avoid rapid growth of shanty towns. This was the conclusion shared by experts at a round-table…

Multimedia content
Images (1)
- Stakeholders and partners at the launch of the Africa Urban Sanitation Investment Initiative at 2024 World Water Week in Stockholm, Sweden
All (1)

Source: African Development Bank Group (AfDB) | Sep 05, 2024

African Water Facility Secures 12 Million Euros to Invest in Urban Sanitation in Africa

Over the next ten years, the African Water Facility, through the Africa Urban Sanitation Investment Initiative, aims to mobilise $320 million to support 50 sanitation projects

The African Water Facility has secured 12 million euros from the Nordic Development Fund for a new funding initiative to support African governments, utilities, the private sector, and other stakeholders to expand access to safe and sustainable sanitation in African cities. The Africa Urban Sanitation Investment Initiative (AUSII) was launched…

Multimedia content
Images (1)
- (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
All (1)

Source: African Development Bank Group (AfDB) | Sep 03, 2024

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,…

Multimedia content
Images (1)
- Municipal staff from African cities visit an electric bus maintenance center in Sao Paulo, as part of an AfDB-supported study tour focused on learning from Brazil’s experiences in sustainable urban development, August 7, 2024
All (1)

Source: African Development Bank Group (AfDB) | Aug 20, 2024

African Development Bank Group supports study tour to Brazil to inspire African cities

The trip was inspired by the idea that peer exchanges between cities in the Global South can enrich the urban planning approaches and strategies of decision-makers in African municipalities

From August 5 to August 13, 2024, representatives from seven African cities visited the Brazilian cities of Sao Paulo, Fortaleza and Curitiba, to discover inspiring solutions being implemented by local authorities to promote sustainable urban development. The Study Tour, organised as part of the African Development Bank’s African Cities Program…

Multimedia content
Images (6)
- The Bank played a key role in linking Cameroon and Nigeria through the Bamenda-Enugu road construction project
- The building of the Cross River bridge, opened in October 2022
- Marie-Laure Akin-Olugbade, the African Development Bank’s Vice-President for the Regional Development, Integration and Business Delivery Complex, meets with Joseph Dion Ngute, Prime Minister of Cameroon
- Marie-Laure Akin-Olugbade, the African Development Bank’s Vice-President for the Regional Development, Integration and Business Delivery Complex, met Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development
- Louis-Paul Motaze, Finance Minister
- Meeting with Cameroon's principal technical and financial partners
All (6)

Source: African Development Bank Group (AfDB) | Apr 24, 2024

Cameroon: The African Development Bank, a leading infrastructure partner

“The Bank's operations have changed the face of the region” – Cameroonian minister

In an era of transformative development, the African Development Bank Group (www.AfDB.org) stands as a beacon of progress in Central Africa, particularly in Cameroon, where the institution has earmarked more than 50 percent of its portfolio for funding transport infrastructure. The Bank spearheaded crucial projects such as the Ketta-Djoum Road,…

Multimedia content
Images (1)
- In 2024 Nouakchott, the capital of Mauritania, will receive support for preparation of a project to develop and protect its coastline
All (1)

Source: African Development Bank Group (AfDB) | Mar 25, 2024

The Urban and Municipal Development Fund of the African Development Bank has approved an annual work programme to support 14 new municipalities and local authorities

The Fund will launch a capacity-building and consulting programme to improve municipal finances and solvency in six large pilot cities in Africa - Nairobi, Dakar, Abidjan, Addis Ababa, Kigali and Lagos

The Technical Committee of the African Development Bank (AfDB) Group (www.AfDB.org) met on 18 March 2024 in Abidjan and approved the new work programme for 2024. The committee, responsible for monitoring the work of the AfDB’s Urban and Municipal Development Fund (UMDF), allocated a total of US$4.5 million to support…

Multimedia content
Images (1)
- The African Development Bank will make a substantial contribution to the construction of the Laropi-Moyo-Afoji road in Uganda to improve rural transport and facilitate regional integration. © AfDB 2023
All (1)

Source: African Development Bank Group (AfDB) | Dec 01, 2023

Uganda: African Development Bank to lend more than $252 million to improve rural transport and facilitate regional integration

The financial support consists of two loans: $179.68 million from the African Development Bank and $73.15 million from the African Development Fund, the Bank Group's concessional loan window

Meeting on 1 December in Abidjan, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $252.83 million to Uganda, to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The financial support consists of two loans: $179.68 million from the African Development Bank and $73.15 million from…