AFDB
Ahead of COP30, the African Development Bank unveils new financing instruments—including SEFA, ACEF, and the Climate Action Window—to strengthen Africa’s resilience, boost renewables, and accelerate a just energy transition.
AFDB
The African Development Bank has approved US$137 million to finance the Comoros Maritime Corridor and Regional Trade Facilitation Project, aimed at modernizing port infrastructure, boosting trade, and positioning the island nation as a regional logistics hub.
AFDB
The African Development Bank has approved a US$6 million grant to strengthen Africa’s disaster risk management systems through the African Risk Capacity, helping countries move from reactive response to proactive preparedness under the ADRiFi initiative.
AFDB
BRAZZAVILLE, Republic of Congo, October 3, 2025 – More than 100 Congolese companies have been added to the African Development Bank’s (AfDB) supplier database following a training seminar aimed at strengthening local participation in the Bank’s procurement processes. The session, held in Brazzaville on 24 September 2025, was part of preparations for the AfDB’s Annual Meetings scheduled […]
AFDB
ABIDJAN, Ivory Coast, September 27, 2025 — The African Development Bank Group (AfDB) has approved a $10 million trade finance transaction guarantee facility for Exim Bank Tanzania Limited, aimed at unlocking and de-risking trade deals for small and medium-sized enterprises (SMEs) and corporates. The facility will provide up to 100% guarantees to international confirming banks against risks of […]
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
The African Development Bank Group (AfDB) has announced the election of Sidi Ould Tah as its ninth president, signaling a new chapter for one of Africa’s most influential financial institutions. Sidi Ould Tah was elected by the AfDB’s Board of Governors, a body consisting of finance ministers, economy ministers, and central bank governors from the […]
AFRICA
The African Development Bank (AfDB) has introduced a proposal for a new currency system backed by Africa’s critical mineral reserves, drawing inspiration from the historic Gold Standard. The plan seeks to enhance economic stability, attract clean energy investments, and strengthen Africa’s role in global resource markets. Despite holding approximately 30% of the world’s critical mineral reserves, Africa only attracts 3% of global energy investments, […]
AFRICA
The African Development Bank (AfDB) has committed to enhancing its investments in clean cooking initiatives across Africa. This strategic move aims to tackle the health and environmental challenges posed by traditional cooking methods. By promoting clean cooking technologies, the AfDB seeks to reduce indoor air pollution and deforestation, thereby improving the quality of life for […]
SCIENCE
The African Development Bank (AfDB) and the International Financial Reporting Standards (IFRS) Foundation have signed a letter of intent to enhance sustainability disclosure practices across Africa. This agreement, made during the AfDB’s 2024 Annual Meetings in Nairobi, aims to improve transparency and accountability in the region’s financial markets. Kevin Kariuki, AfDB Vice President for Climate, […]