African Development Bank
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From Aid to Investment: Africa Investment Forum Builds US$ 225B Momentum in Making Continent Bankable
WASHINGTON D.C., April 24, 2025 — Buoyed by last year’s successful Africa Investment Forum’s Market Days that generated US$ 29.2 billion of investment interest, its nine founding partners are bracing for an…
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ShafDB signs MOU with CPF Group to scale up development of affordable housing in Kenya
NAIROBI, April 22, 2024 — Shelter Afrique Development Bank [ShafDB], a leading Pan-African institution committed to financing and advancing housing, urban, and related infrastructure development, has signed a Memorandum of Understating [MOU]…
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Nigeria’s Cross River State second to commence construction of its Special Agro-Industrial Processing Zone
CALABAR, April 18, 2025 — Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone [SAPZ] after the country’s Vice President Kashim Shettima and African Development…
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AfDB Mulls US$ 500 Million Facility to Mobilise Financing for Smallholder Farmers
NAIROBI, March 22, 2025 — African Development Bank Group [AfDB] President Dr. Akinwumi Adesina has announced plans to launch a US$ 500 million facility designed to unlock US$ 10 billion in financing…
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AfDB, African Water Facility, Association of European Development Finance Institutions to hold Investment Event for Water and Sanitation in Africa
ABIDJAN, March 18, 2025 — The African Development Bank Group, African Water Facility, and the Association of European Development Finance Institutions will host a high-level event to generate investment for water and…
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EAC Partner States urged to adopt modern technologies in oil and gas sector to facilitate transition to clean energy
ARUSHA, March 13, 2025: East African Community [EAC] Partner States have been challenged to leverage the latest technological advances to align the oil and gas sector in the region to the global goal…
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Graft alleged in allocation of lockups and stalls in Masaka City markets
MASAKA, March 3, 2025 – Authorities and market vendors in Masaka City have raised concerns about corruption in the allocation of lockups and stalls in the new markets constructed by the government…
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AfDB, Interpol collaborate to combat financial crime and strengthen anti-corruption efforts in Africa
ABIDJAN, February 22, 2025 — The African Development Bank Group has taken a significant step forward in its fight against corruption and financial crime by signing a Letter of Intent with the…
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For a successful integration, Africa needs an operating system update
DAKAR, February 20, 2025 –– Ask any traveler about their experience moving across parts of Africa, and you will likely hear about familiar challenges: high costs, indirect routes, and unpredictable schedules that…
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New report highlights Africa’s strengthening economic growth amid global challenges
KAMPALA, February 15, 2025 –– Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according to the 2025 Macroeconomic Performance and Outlook [MEO] report released yesterday by…
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