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

African Development Bank commits to Zambia’s Private Sector Growth at Investment Conference

The event featured presentations from sectoral and financial experts across key Bank departments, providing participants with actionable insights into the Bank’s extensive capabilities

The African Development Bank (https://www.AfDB.org/) reaffirmed its strong support for Zambia’s private sector-led transformation by hosting a strategic side event during the inaugural Invest in Zambia International Conference (IZIC). The high-profile session, themed “Catalyzing Private Sector Growth: Unlocking AfDB’s Financing Toolkit in Zambia,” successfully engaged private companies, financial institutions, development…

African Development Bank Group (AfDB)

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    • 115,000 ECOA induction cookers will be distributed to households across Kenya, Zambia, and Uganda with support from the Sustainable Energy Fund for Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) supports electric cooking expansion across three African nations

This program makes clean cooking appliances more affordable and accessible by prefinancing induction cookers and recovering costs through carbon credit sales in the voluntary market

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB) (www.AfDB.org), is tackling charcoal dependence in Kenya, Uganda, and Zambia with a $4 million reimbursable grant. This grant will fund the Burn Electric Cooking Expansion Program (BEEP), deploying 115,000 Burn ECOA Electric Induction Cookers to provide…

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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    • Left to right: Finance Minister Situmbeko Musokotwane, AfDB Vice President Nnenna Nwabufo, and Country Manager for Zambia Olaniyi Durowoju, during the foundation stone-laying ceremony for the Bank's new office building construction in Lusaka
    • The Kazungula Bridge Project, supported by the AfDB, is strengthening connectivity between Zambia and Botswana along the North-South Corridor. Photo credit/AFP
    • Workers laying heavy pipes at the Lusaka Sanitation Project—one of the many projects supported by AfDB in Zambia
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Source: African Development Bank Group (AfDB) |

African Development Bank cuts sod for construction of permanent Country Office, cementing over five-decades of partnership with Zambia

The new office design incorporates cutting-edge sustainability features and wellness-focused design

Permanent office strengthens Bank’s partnership with Zambia. African Development Bank has financed and facilitated major projects at country and continent level to support regional integration - Finance Minister Musokotwane  The African Development Bank Group (www.AfDB.org) commenced construction of its permanent country office in Lusaka on Friday, marking a transformative milestone…

African Development Bank Group (AfDB)

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    • The African Development Bank's financial support for Zambia aims to increase private sector participation in the economy, with a particular emphasis on agro-industrial development and climate-smart investments
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Source: African Development Bank Group (AfDB) |

Zambia: African Development Bank grants loan of $108 million to strengthen economic governance

The funds allow the implementation of the Fiscal Sustainability and Economic Resilience Support Programme which is a key pillar in efforts to build a resilient and diversified Zambian economy

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $108 million to Zambia for an initiative aimed at strengthening the country's economic governance and implement reforms in key public sectors. The funds allow the implementation of the Fiscal Sustainability and Economic Resilience Support Programme…

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

Zambia: African Development Bank’s Sustainable Energy Fund for Africa approves $8 million for development of 25 MW Solar Plant

Serengeti Energy Ltd and Western Solar Power Ltd are leading the plant development in Zambia's Sesheke District

The African Development Bank Group’s (www.AfDB.org) Board of Directors has approved an $8 million concessional loan to support the construction of a 25MW Solar Photovoltaic power plant in Zambia. The financing for the Ilute Plant will be sourced from the Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed…

African Development Bank Group (AfDB)

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    • The African Development Fund and the European Union will allow almost half a million people to benefit from improved, climate-resilient, sustainable water supply services
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Source: African Development Bank Group (AfDB) |

Zambia: More than 460,000 people will soon have access to improved water and sanitation due to a loan of $13.2 million from the African Development Fund

The project is being supported by the European Union, the Bank Group’s strategic partner, with a grant of $6.05 million through their Nexus Energy and Water Programme for Zambia

The Board of Directors of the African Development Fund granted a loan of $13.2 million to Zambia in Abidjan on 17 July 2024 to implement innovative measures and improve access to drinking water, sanitation and hygiene for 460,000 people in Kabwe and Bauleni. The project also aims to strengthen the…

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

REISSUE: 2024 Annual Meetings: African Development Bank President Outlines Gains of Historic 2023 Dakar 2 Summit

Bank will invest $2.9 billion to support the Country Food and Agriculture Delivery Compacts; appoints Special Envoys to fast-track implementation

Since the Dakar 2 Summit (https://apo-opa.co/4bBfGm1), six African countries have set up Presidential-level Councils to drive implementation of the Country Food and Agriculture Delivery Compacts agreed at the summit, while another twelve countries are at various stages of establishing their councils. Presidential Councils have taken off in Tanzania, Democratic Republic of…

African Development Bank Group (AfDB)

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    • African Development Bank sets out two priority areas for the CSP 2024-2029 for Zambia: boosting private sector development through infrastructure investments and developing the country’s agricultural value chain
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Source: African Development Bank Group (AfDB) |

2024-2029 Development priorities for Zambia: Infrastructure and Agricultural Value Chain

The African Development Bank Group will provide assistance to the agricultural sector, concentrating primarily on the development of farm blocks and value chains, to improve the sector’s climate resilience and agricultural productivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain. “The aim of…

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

Conference of the Parties (COP28): African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) grants $1.8 million to boost entrepreneurship skills for thousands of women in partnership with Export Trading Group

The project aims to impact up to 3,600 women and women-led or owned businesses by placing them in Export Trading Group’s global supply chain over four years

The African Development Bank Group’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) and Export Trading Group have signed a technical assistance agreement of $1.8 million to strengthen women’s skills in entrepreneurship in four countries. Leadership from both organizations took part in a signing ceremony held Tuesday December 5th…