African Development Bank Group

African Development Bank Approves $10 Million to catalyse Namibia’s Large Green Hydrogen Project

The African Development Bank’s Board of Directors has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green ammonia project valued at ...
African Development Bank Group

DR Congo: The African Development Bank Group grants nearly $160 million to strengthen connectivity to the Ngandajika agro-industrial park

The Board of Directors of the African Development Bank Group has approved a $159.50 million loan to the Democratic Republic of Congo (DRC) to improve connectivity to the Ngandajika Agro-Industrial ...
African Development Bank Group

African Development Bank, Pan African Federation of Accountants launch $5.2 million initiative to professionalise African accountancy sector

The African Development Bank Group and the Pan African Federation of Accountants (PAFA) have launched a $5.2 million institutional support project to address a severe shortage of qualified public ...
African Development Bank Group

G20 Summit: Norway reaffirms support to Africa’s development with NOK 3.1 billion pledge to the African Development Fund’s seventeenth replenishment

Norway reaffirmed its long-standing commitment to Africa’s low-income countries with a NOK 3.1 billion pledge to the African Development Fund’s seventeenth replenishment (ADF-17). The announcement, ...
African Development Bank Group

African Development Bank Executive Director reinforces Zimbabwe partnership during visit

The African Development Bank Group’s new Executive Director for the Southern Africa Group II Constituency, Eugénio Maria ...
African Development Bank Group

A new pathway for youth: AfDB offers support for green skills for Kenya’s future workforce

As part of its commitment to driving green and inclusive growth across Africa, the African Development Bank is supporting a new generation of environmentally conscious leaders in Kenya through its par ...
African Development Bank Group

African Development Bank Group grants full debt relief to Somalia following HIPC completion

The African Development Bank Group has approved additional debt relief for Somalia, clearing the way for full cancellation of all African Development Fund loans to the country covering the 2024-2039 ...
African Development Bank Group

EIB Global and African Development Bank invest US$ 275 million to modernise Mauritania’s main railway corridor

On the sidelines of the Africa Investment Forum 2025, the European Investment Bank (EIB Global) and the African Development ...
African Development Bank Group

African Development Bank unveils new Country Strategy Paper for Somalia to boost infrastructure, build a resilient and competitive economy for inclusive growth

On a small field in Somalia, a farmer bends to pick fresh melons — one of many beneficiaries of the Drought Resilience and Sustainable Livelihoods Programme. Her thriving plot is a powerful reminder ...
African Development Bank Group

Cameroon: African Development Bank Group approves €25 million trade finance facility to enable Crédit Communautaire d'Afrique-Bank expand support to SMEs

The Board of Directors of the African Development Bank Group has approved financing of €25 million to help Cameroon’s Crédit Communautaire d'Afrique-Bank (CCA-Bank) expand its trade finance offerings ...
African Development Bank Group

AIF 2025 Market Days: African Finance Ministers Urge Private Sector to Bridge Development Gap

African finance ministers convening at the 2025 Africa Investment Forum (AIF) have urged a decisive shift from showcasing ...
African Development Bank Group

Côte d'Ivoire: African Development Bank approves and invests as an anchor investor in the PEPT 2, its first local currency social bond

The Board of Directors of the African Development Bank Group has approved an up to XOF 15 billion (EUR 22.9 million) to support Phase II of Côte d'Ivoire's Programme Électricité Pour Tous (PEPT). The ...