GEF Approves $9.45 Million Grant to Strengthen Climate-Resilient Water Governance in Zambezi Basin
The Global Environment Facility has approved a $9.45 million grant for a regional project led by the African Development Bank Group to strengthen climate resilience, ecosystem protection, and cooperative water governance in the Zambezi River Basin, one of Africa’s most vital shared freshwater systems.
African Development Bank Group and Banque Internationale Arabe de Tunisie Sign $50 Million Trade Finance Guarantee Facility to Boost Tunisia’s Trade
The African Development Bank Group and the Banque Internationale Arabe de Tunisie (BIAT) have signed a $50 million Trade Finance Guarantee Facility to strengthen trade finance and support Tunisia’s private sector.
Planning for Change: Uganda’s Pathway to a Just and Sustainable Transport Future
As Uganda plans for long-term economic transformation, any major shifts—such as modernizing or greening its transport systems—must be handled in a way that protects livelihoods and expands opportunity.
South Africa Joins Afreximbank, announces US$8bn Country Programme
A US$8 billion commitment: H.E. Cyril Ramaphosa, President of South Africa and Dr. George Elombi, President and Chairman of Afreximbank at the Country’s accession signing ceremony, marking the launch of a major Country Programme engineered to bolster the South African economy.
Johannesburg, South Africa, 04 February 2026: – The Republic of South Africa has today officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), Africa’s leading Multilateral Financial Institution, marking the formal entry of one of Africa’s largest economies into the Bank’s membership, heralding deeper financial sovereignty.
AfDB–AFD meeting aligns partners on energy, jobs and agriculture as cofinancing nears €2.4bn
The African Development Bank Group and Agence Française de Développement (AFD) have held discussions on scaling up joint investment and aligning more closely on Africa’s development priorities.
Benin: Launch of the Action Plan for the Circular Economy
The Government of Benin, the African Development Bank Group, and the African Circular Economy Alliance (ACEA) will officially launch the Action Plan for the Circular Economy of Benin (PAEC) on February 4, 2026, in Cotonou.
Joint Statement of the African Union Commission and the United States on the Launch of a Strategic Investment Working Group
The Chairperson of the African Union Commission (AUC) Mahmoud Ali Youssouf and the US Deputy Secretary of State Christopher Landau and met yesterday, Wednesday 28 January 2026 at the African Union Commission in Addis Ababa to reaffirm the importance of the U.S.-Africa relationship through the African Union (AU).
African Development Bank Group strengthens strategic ties with Korea to advance knowledge exchange and development cooperation
The African Development Bank Group has renewed a key agreement with the Korea Development Institute (KDI) School of Public Policy and Management, as part of a broader effort to strengthen partnerships, advance human capital development, and promote knowledge exchange between the Bank and Korea.
During an official visit to the Republic of Korea in November 2025, Jacques Edjangue, Bank Group Vice President for People and Talent Management, signed a Memorandum of Understanding (MOU) extending the partnership, which started in 2014.
Mozambique: African Development Bank Approves $150 million for Coral North Floating LNG Project
The Board of Directors of the African Development Bank approved on 14 January a $150 million senior loan to support the development of the Coral North Floating Liquefied Natural Gas Project, a transformative energy infrastructure initiative located offshore Mozambique.
African Development Bank approves $16.5 million loan to boost Kenya’s clean energy transition
The Board of Directors of the African Development Bank Group has approved a loan of $16.5 million to support the development of the 35 MW OrPower Twenty-Two (OTTL) Geothermal Power Plant last November, a flagship renewable energy project that will increase Kenya’s baseload generation and accelerate its clean energy transition.