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African Development Bank Group (AfDB)

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    • The AfDB has received $14m to help agriculture SMEs in Ethiopia, Uganda, Tanzania, Malawi, and Zambia gain better access to credit, insurance, and investment capital
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Source: African Development Bank Group (AfDB) |

African Development Bank Group receives $14 million in first funding allocation under Global Agriculture and Food Security Program’s new private sector financing window

More than 1.5 million smallholder farmers and 500 agro-dealers and cooperatives are expected to benefit

The Global Agriculture and Food Security Program (GAFSP) has announced the first allocation from its new private sector financing window to the African Development Bank Group (www.AfDB.org), providing $14 million in de-risking capital that aims to unlock $200 million from the private sector to enhance food security in low-income countries.…

African Development Bank Group (AfDB)

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    • Mozambique Receives $2 Million Insurance Premium for Drought Protection as African Risk Financing Programme Reaches $150 Million Milestone
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Source: African Development Bank Group (AfDB) |

Mozambique Receives $2 Million Insurance Premium for Drought Protection as African Risk Financing Programme Reaches $150 Million Milestone

The forum was jointly organised by the government of Mozambique and the African Development Bank to advance ADRiFi's disaster risk financing on the continent

Mozambique received a $2 million insurance premium for drought protection covering the 2025-2026 agricultural season, marking the country's third consecutive year of coverage under the African Development Bank's disaster risk financing programme (www.AfDB.org). The premium was announced during the 2025 Climate and Disaster Risk Financing Forum (CDRFI), held from October…

African Development Bank Group (AfDB)

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    • AfDB officials and partners at the launch of a $125 million Youth Employment Project in Angola
    • Minister of Planning, Victor Hugo Guilherme, at the $125 million Youth Employment Project launch in Angola
    • AfDB Executive Director for Angola, Mozambique, Namibia, and Zimbabwe, Eugénio Maria Paulo, speaking at the youth investment initiative launch
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Source: African Development Bank Group (AfDB) |

African Development Bank and Angola launch $125 million drive to boost youth entrepreneurship

The Crescer Project will strengthen the national planning system, public-private partnerships, and public investment, all of which are key drivers of economic growth

The African Development Bank Group (https://AfDB.org), in partnership with the Government of Angola and the European Union, has launched a $125 million Youth Employment Project (Crescer Project) to spur entrepreneurship and job creation among young Angolans. The project will create more than 112,000 indirect jobs, support the growth of over…

African Development Bank Group (AfDB)

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    • Tackling Africa’s Off-Grid Gap: The International Finance Corporation (IFC), African Development Bank Group (AfDB), and partners appoint Inspired Evolution as Investment Manager for Zafiri
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Source: African Development Bank Group (AfDB) |

Tackling Africa’s Off-Grid Gap: The International Finance Corporation (IFC), African Development Bank Group (AfDB), and partners appoint Inspired Evolution as Investment Manager for Zafiri

The appointment underscores Zafiri’s central role in Mission 300, a joint initiative of the World Bank Group and African Development Bank to provide first-time electricity access to 300 million people in Sub-Saharan Africa by 2030

The African Development Bank Group (AfDB) (www.AfDB.org), The International Finance Corporation (IFC), and partner organizations today announce the appointment of Inspired Evolution as the investment manager for Zafiri, a new decentralised renewable energy (DRE) equity investment vehicle targeting small-scale and decentralized renewable energy, to expand access to electricity and clean cooking…

African Development Bank Group (AfDB)

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    • African Development Bank President Sidi Ould Tah (2nd left) with other multilateral development bank heads. Washington DC October 17, 2025
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Source: African Development Bank Group (AfDB) |

Heads of Multilateral Development Banks (MDBs) meet to take stock of progress on joint actions and look ahead

After their gathering, Heads held an exchange of views with Director General of the International Atomic Energy Agency, Rafael Grossi, on trends in civil nuclear energy

The Heads of Multilateral Development Banks (MDBs) Group, chaired in 2025 by the Council of Europe Development Bank (CEB), met today to review progress on joint actions and chart priority areas for the Group’s future work. Heads noted that their collaborative engagement has deepened throughout 2025, under the CEB’s Chairship…

African Development Bank Group (AfDB)

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    • African Development Bank Approves $500 Million Strategy to Drive Inclusive Growth and Economic Resilience in Sierra Leone
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $500 Million Strategy to Drive Inclusive Growth and Economic Resilience in Sierra Leone

The Five-Year Country Strategy Paper targets infrastructure development and agricultural transformation to accelerate the path to middle-income economy

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a new Country Strategy Paper (CSP) for Sierra Leone for 2025–2030, committing approximately $500 million over the next five years to foster sustainable economic growth, strengthen resilience to fragility, and promote inclusive development.   The strategy is built…

African Development Bank Group (AfDB)

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    • African Development Bank President pledges deeper cooperation with key constituency
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Source: African Development Bank Group (AfDB) |

African Development Bank President pledges deeper cooperation with key constituency

Ministers of Gambia, Ghana, Liberia, Sierra Leone and Sudan pledge early support for ADF-17, signalling Africa's growing ownership of its own development

African Development Bank Group (www.AfDB.org) President Sidi Ould Tah met with the finance ministers of The Gambia, Ghana, Liberia, Sierra Leone and Sudan this week, reaffirming the Bank's partnership with the constituency and pledging to deepen cooperation on economic transformation and resilience. The talks, held on the sidelines of the…

African Development Bank Group (AfDB)

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    • Dr. Sidi Ould Tah, President of the African Development Bank Group, participates in the World Bank Group's High-Level Advisory Council on Jobs meeting during the 2025 World Bank–IMF Annual Meetings in Washington, D.C.
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Source: African Development Bank Group (AfDB) |

African Development Bank chief joins global push to turn youth into economic powerhouse

This year’s Jobs Council focused on tourism and skilling -- two sectors where Africa holds vast untapped potential

African Development Bank Group (www.AfDB.org) President Dr Sidi Ould Tah on Monday joined global leaders on the World Bank Group’s High-Level Advisory Council on Jobs, championing Africa’s demographic dividend and the drive for youth employment.  Invited by World Bank Group President Ajay Banga, Dr Ould Tah participated in the Council’s…

African Development Bank Group (AfDB)

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    • Zambian President Hakainde Hichilema (right) welcomes African Development Bank President Dr. Sidi Ould Tah to State House in Lusaka
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Source: African Development Bank Group (AfDB) |

Zambia Affirms Strong Support for African Development Bank (AfDB) President Ould Tah’s vision for New African Financial Architecture

Dr Ould Tah thanked President Hichilema and the Zambian people for hosting the ADF-17 replenishment meeting, a key milestone in mobilising concessional resources for Africa’s most vulnerable countries

Zambia has voiced strong backing for African Development Bank Group (www.AfDB.org) President Dr Sidi Ould Tah’s push for a new African financial architecture that strengthens the continent’s economic sovereignty. Zambian President Hakainde Hichilema expressed this support during discussions with Dr Ould Tah at State House in Lusaka on 9 October…

African Development Bank Group (AfDB)

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    • Dignitaries at the launch of the joint report “Investing in Innovative Food Systems Solutions in Challenging Contexts” in Abuja, including representatives from AfDB, WFP, IFPRI, Olam, and the Governors of Kano and Katsina States
    • L–R: Dr. Abdul Kamara, Director General for Nigeria, African Development Bank; Senator Abubakar Kyari, Minister of Agriculture and Food Security; His Royal Highness Muhammadu Sanusi II, Emir of Kano; Mr. David Stevenson, Country Director and Representative, WFP Nigeria; Dr. Steven Were Omamo, Executive Director, IFPRI; and Mr. Ade Adefeko, Vice President, Olam, during a high-level panel session at the launch of the joint AfDB–WFP–IFPRI report “Investing in Innovative Food Systems Solutions in Challenging Contexts.”
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Source: African Development Bank Group (AfDB) |

Rebuilding the breadbasket: African Development Bank, United Nations World Food Programme (WFP) and International Food Policy Research Institute (IFPRI) launch report on innovative investment in food systems in Northern Nigeria

“Investing in Innovative Food Systems Solutions in Challenging Contexts,” provides a roadmap for revitalizing northern Nigeria’s food systems

The African Development Bank (https://AfDB.org), in partnership with the United Nations World Food Programme (WFP) and the International Food Policy Research Institute (IFPRI), has released a new study urging coordinated and innovative investments to strengthen food security and unlock the agricultural potential of northern Nigeria. Launched on the margins of…