FG Gold, AFC and Afreximbank Achieve Financial Close on US$330 Million Senior Debt Financing for Baomahun Gold Project
FG Gold Limited (“FG Gold”) is pleased to announce that it has achieved financial close and the first drawdown on its US$330 million Senior Debt Financing with Africa Finance Corporation (AFC) and the African Export-Import Bank (Afreximbank), for its Baomahun Gold Project, marking the development of Sierra Leone’s flagship large-scale commercial gold mine. This milestone unlocks one of the most significant project financing deals in the country’s history and supports Sierra Leone’s ambition to responsibly harness its mineral resources for sustainable economic transformation. The transaction was further strengthened by capital mobilised through Trafigura Group.
African Development Bank approves landmark $1.78 billion strategy to support transformation of Namibia's economy and create jobs
The African Development Bank Group's Board of Directors has approved a Country Strategy Paper (CSP) for Namibia committing $1.78 billion to support economic transformation and inclusive growth in the 2025-2030 period.
Nigeria: African Development Bank provides $200 million to support Special Agro-Industrial Processing Zones Program facebook sharing button
The Board of Directors of the African Development Bank Group has approved $200 million for the first tranche of the Multi‑Tranche Financing Facility under Phase II of Nigeria’s Special Agro‑Industrial Processing Zones (SAPZ) Program.
Morocco: African Development Bank approves a €450 million guarantee to support the OCP Group in raising €530 million for its green investment program
The Board of Directors of the African Development Bank Group approved on Wednesday a non-sovereign partial credit guarantee of up to €450 million to support the Office Chérifien des Phosphates (OCP) Group.
Africa Investment Forum Secures $15.3 Billion, 39 Bankable Projects at 2025 Rabat Gathering
The 2025 Africa Investment Forum (AIF) Market Days wrapped up on Friday in Rabat, Morocco, with $15.3 billion in investment interest covering 39 bankable projects, underscoring a growing global appetite for African opportunities.
African Group holds a One Day Retreat to reflect on the UN80 Initiative
The Permanent Observer Mission of the African Union (AU) to the United Nations (UN) On November 26, 2025, hosted a one-day retreat for the African Group of Permanent Representatives to the UN. The retreat provided a platform to deliberate and exchange views on the UN80 Initiative, under the theme: “Strategic African Response to the UN80 Reform Initiative.” Participants included Deputy Permanent Representatives (DPRs), experts, African Group Coordinators of United Nation General Assembly (UNGA) Committees, and staff from the AU Permanent Observer Mission.
COP30: African Development Bank Group Backs Increased Access to Climate Finance for Electricity Grids and Energy Storage
The African Development Bank Group and several other national and international institutions have endorsed a common framework to increase the access to climate finance for grid investments.
COP30: The African Development Bank Highlights the essential role of climate finance for conflict-affected countries
The African Development Bank Group is playing a key role in supporting conflict-affected countries facing climate disruptions, Bank officials emphasised during a COP30 panel discussion on 12 November in Belém.
ICIEC and Afreximbank Forge Strategic Partnership to Boost Arab–Africa Trade and Investment
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, and African Export‑Import Bank (Afreximbank) are pleased to announce the signing of a memorandum of understanding (MoU) to strengthen their cooperation in promoting trade and investment flows across Arab and African countries.
African Union Commissioner Outlines US$30 Billion Infrastructure Investment Plan at Luanda Summit, Prioritizing SAATM Modernization
At the III Financing Summit for Africa’s Infrastructure Development, H.E. Lerato D. Mataboge, African Union Commissioner for Infrastructure and Energy, announced an ambitious US$30 billion investment plan to modernize the continent’s aviation infrastructure under the Single African Air Transport Market (SAATM). Speaking during the high-level session on Financing and Modernizing African Civil Aviation Infrastructure to Promote Integrated Continental Airspace and Enable Free Movement Under SAATM, the Commissioner emphasized aviation’s pivotal role as both an engine of integration and a cornerstone of Africa’s economic transformation.