Latest Development news and analysis from across Africa.
AFREXIMBANK
JP Morgan has upgraded Afreximbank bonds after a sell-off triggered by Fitch’s junk rating, saying the bonds now offer value despite rating controversy.
AFREXIMBANK
The Central Bank of Egypt and Afreximbank have signed an MoU to establish a pan-African Gold Bank aimed at formalising gold value chains, strengthening central bank reserves, and retaining gold value within Africa.
AFDB
The African Development Fund approves a $14.64m grant to expand climate-smart villages and strengthen climate resilience, agriculture, and data systems across the Sahel.
AFDB
The African Development Fund approves a $14.64m grant to expand climate-smart villages and strengthen climate resilience, agriculture, and data systems across the Sahel.
DEVELOPMENT
With almost 600 million people in Sub-Saharan Africa still lacking electricity, Mission 300 has become the region’s most closely watched effort to close the access gap by connecting 300 million people by 2030. The initiative, led jointly by the World Bank Group and the African Development Bank Group, targets 250 million connections via the World Bank and 50 million via […]
DEVELOPMENT
Senegal is targeting higher foreign investment with Forum Invest in Senegal 2025, highlighting energy, infrastructure, and digital innovation projects.
AFDB
New York, USA – September 29, 2025 — In a groundbreaking announcement on the sidelines of the 80th UN General Assembly in New York, the African Development Bank Group (AfDB) and Michael R. Bloomberg unveiled a new partnership aimed at significantly scaling up private sector investment across Africa. The collaboration was jointly announced by Dr Sidi […]
AFDB
The AfDB’s Review of African Inland Fisheries calls for urgent investment in restoring aquatic habitats and integrating fisheries into water management, identifying Lake Victoria and Senegal’s Falémé River as priorities.
AFRICA
CAPE TOWN, South Africa, September 26, 2025 — The Organization of the Petroleum Exporting Countries (OPEC) and the African Energy Chamber (AEC) will co-host the OPEC-Africa Roundtable at African Energy Week (AEW) 2025: Invest in African Energies in Cape Town. The event will unite ministers, policymakers, and industry leaders in a high-level dialogue on Africa’s oil and gas future. With Africa holding 7.8% of global […]
AFDB
NEW YORK, United States of America, September 26, 2025 — Seventeen African governments today announced reforms and concrete plans to expand electricity access under Mission 300 — a partnership led by the World Bank Group and the African Development Bank Group (AfDB) that aims to connect 300 million Africans to reliable power by 2030. The commitments were unveiled at the Bloomberg Philanthropies Global […]