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African Development Bank Group (AfDB)

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    • 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?”
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Source: African Development Bank Group (AfDB) |

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…

African Development Bank Group (AfDB)

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    • Stakeholders and partners at the launch of the Africa Urban Sanitation Investment Initiative at 2024 World Water Week in Stockholm, Sweden
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Source: African Development Bank Group (AfDB) |

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…

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,…

African Development Bank Group (AfDB)

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    • 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
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Source: African Development Bank Group (AfDB) |

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…

African Development Bank Group (AfDB)

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    • 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
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Source: African Development Bank Group (AfDB) |

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,…

African Development Bank Group (AfDB)

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    • In 2024 Nouakchott, the capital of Mauritania, will receive support for preparation of a project to develop and protect its coastline
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Source: African Development Bank Group (AfDB) |

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…

African Development Bank Group (AfDB)

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    • 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
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Source: African Development Bank Group (AfDB) |

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…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina (2nd from right) with Jamie Cooper (centre) and mayors from across Africa Marrakech, Morocco, November 9, 2023
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Source: African Development Bank Group (AfDB) |

African Development Bank, leaders commit to catalyse investment in cities as engines of the continent’s economic growth

It is estimated that African countries will need to invest about 5.5% of their annual GDP in their cities, approximately $140 billion per year

African Development Bank President Akinwumi Adesina (www.AfDB.org) on Thursday pledged greater commitment to the development of cities and stressed the need for increased investment and autonomy for municipalities, the continent’s engine for economic growth. The Bank chief spoke at a high-level forum for mayors titled: “Leveraging Cities and Municipalities for…

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

Africa’s Sustainable Development Goals (SDGs) progress uneven, requires accelerated efforts to meet the 2030 deadline - report

The report assessed Africa’s progress in implementing five main SDGs, highlighting progress, the challenges, and the numerous opportunities for improving Africa’s development prospects

Africa’s progress on the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063 aspirations has been uneven, with significant differences among subregions, countries, and rural and urban areas. This calls for accelerated efforts to ensure that Africa achieves the global goals by the 2030 deadline, the latest Africa Sustainable…

African Development Bank Group (AfDB)

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    • Ms. María Peña Mateos, CEO of ICEX Spain Trade and Investment of the Kingdom of Spain, and Stefan Atchia, Manager of the Urban Development Division, sign a cooperation agreement to mobilize Spanish private sector expertise for African cities. Abidjan, Côte d’Ivoire, 14th June, 2023
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Urban and Municipal Development Fund (UMDF) and ICEX Spain Trade and Investment team up to boost sustainable urban development in Africa

The agreement will more specifically foster cooperation between the Spanish business entity and the Urban and Municipal Development Fund (UMDF)

ICEX Spain Trade and Investment and the African Development Bank (www.AfDB.org) have signed a cooperation agreement to consolidate engagement of Spain’s private sector for urban development in Africa. The agreement will more specifically foster cooperation between the Spanish business entity and the Urban and Municipal Development Fund (UMDF) (https://apo-opa.info/43CHYIN), a…