Belgian Deputy Prime Minister tours €693M Abidjan urban transport project during African Development Bank Annual Meetings
In a sprawling metropolis where millions once spent hours navigating congested streets, Maxime Prévot, Belgium's Deputy Prime Minister and Minister of Foreign Affairs, witnessed on May 27 how strategic investment can reshape a city's destiny.
High-Level Dialogue Spotlights Africa’s Bold Ambitions for Carbon Markets
At a time of increasing urgency for climate finance, Africa is emerging as a global leader in carbon markets. In this context, the African Development Bank hosted a high-level dialogue on De-risking and Scaling Carbon Market Investments in Africa, held on the sidelines of the 2025 African Development Bank Group Annual Meetings in Abidjan, Cote d’Ivoire.
African Development Bank Group approves €26.5 million to support the construction of a new solar power plant in Togo
The Board of Directors of the African Development Bank Group has approved a financing package totaling €26.5 million to support the development of a 62 megawatt-peak greenfield solar photovoltaic power plant in Sokodé, Togo.
3rd AU-EU Ministerial Meeting Begins in Brussels: AU Commission calls for alignment of the partnership’s priorities with Agenda 2063
At the 3rd AU-EU ministerial meeting in Brussels today, the African Union Commission Chairperson, H.E Mahmoud Ali Youssouf, underscored the imperative for the alignment of the EU-AU partnership with the AU’s #Agenda2063. He highlighted significant progress in many African countries towards achieving macro-economic stability, and implementation of reforms, particularly through initiatives like the African Continental Free Trade Area (AfCFTA).
Italy affirms partnership with African Development Bank under the Mattei Plan
Italy has reaffirmed its partnership with the African Development Bank and expressed keenness to explore mutual growth opportunities in Africa under the Mattei Plan.
Stefano Gatti, Director General for Development Cooperation at the Ministry of Foreign Affairs and International Cooperation (FAIC) and Lorenzo Ortona, Head of the Mattei Plan Task Force led a delegation to the Bank’s Abidjan headquarters on Thursday 8 May.
The African Development Bank reinforces commitment to private sector development in Lusophone countries during a high-level mission to Portugal
A high-level delegation from the African Development Bank recently participated in the 13th Lusophone Compact Standing Committee Meeting in Portuguese capital Lisbon, with a focus on operationalizing the Lusophone Compact Guarantee Program.
The mission marked a significant step in the Bank’s ongoing efforts to expand investments and partnerships through the Lusophone Compact – a tripartite partnership involving the Bank, the Government of Portugal, Portuguese-speaking African countries (PALOPs), and Brazil, which recently joined as the eighth member.
Regional Meeting to Launch the IGAD Digital Agro-Climate Advisory Services (DACAS) Knowledge Network
The Intergovernmental Authority on Development (IGAD), with support from the Accelerating Impacts of CGIAR Climate Research for Africa (AICCRA), has officially launched the IGAD Digital Agro-Climate Advisory Services (DACAS) Knowledge Network. This milestone event brought together technical experts from IGAD Member States, and regional technical partners to discuss the terms of reference and action plan for the Network to facilitate knowledge exchange.
Key Insights from AUDA-NEPAD CEO’s Meeting with Ministers of Finance and Planning
AUDA-NEPAD's CEO, Nardos Bekele-Thomas convened Africa’s Finance & Planning Ministers to tackle Africa’s shifting economic landscape, rising global protectionism, and shrinking external financing. The meeting provided a platform for African countries to share perspectives on how to cushion vulnerable industries against trade disruptions, tariff increases, and financial volatility.
India and COMESA Reaffirm Relations
COMESA Secretariat and the Government of India have committed to strengthen relations by opening up new channels of trade, support and collaboration through a renewed Memorandum of Understanding replacing the one signed in 2003.
COMESA: Member States Advance Towards a Unified Investment Framework
COMESA in partnership with the UN Trade and Development (UNCTAD) with support from the EU under the 11th EDF Regional Enterprise Competitiveness and Access to Markets Programme (RECAMP), convened a high-level consultative meeting with Member States to consider the revised Investment Agreement for the COMESA Common Investment Area (CCIA), marking a significant milestone in the region’s efforts to boost intra-regional and foreign direct investment.