ECOWAS deepens engagement with community citizens to advance implementation of free movement protocol across West Africa
In a renewed effort to enhance free movement of persons and goods and strengthen regional integration and trade across West Africa, the Economic Community of West African States (ECOWAS Commission) is intensifying collaboration with Community citizens and key stakeholders to advance the effective implementation of the ECOWAS Protocol on Free Movement of Persons, Goods, and Services.
Nigeria: African Development Bank Approves Strategy to Boost Economic Growth
The Board of Directors of the African Development Bank Group has a new five-year Country Strategy Paper (2025-2030) for Nigeria, committing about $650 million annually to drive economic transformation, build resilience, and foster broad-based prosperity across the country.
Transforming Zambia's agricultural landscape: African Development Bank approves guarantee for Zambeef's expansion project
The African Development Bank Group has approved a Zambian Kwacha-denominated Risk Sharing Credit Guarantee to support Zambeef Products Plc's $100 million expansion programme across its core operations in Zambia.
African youth transform agriculture with capital that works
With 237,000 jobs created and nearly 100,000 youth beneficiaries across 18 countries, the ENABLE Youth Programme is a clear testament to how Africa’s human capital can be unleashed to transform African agriculture.
African Development Bank Deepens Strategic Partnership with Cameroon
The African Development Bank (AfDB) Group has reaffirmed its strong partnership with Cameroon following a high-level mission to the country from 10 - 21 March 2025. The mission led to constructive dialogue with senior government officials and culminated in the signing of a €330.48 million loan agreement to upgrade the Ngaoundéré–Garoua road (246 km) along the Douala–Ndjamena economic corridor.
African Development Bank Group approves $7.9 million grant to bolster São Tomé and Príncipe’s economic recovery
The African Development Bank Group’s Board has approved a $7.9 million grant to bolster Sao Tome and Principe’s economic recovery. The budgetary support operation aims to strengthen the country’s economic resilience through improved revenue and public expenditure reforms and lay the groundwork for sustainable energy sector reforms vital to a strong and vibrant private sector.
Repatriate Africa’s climate-smart wisdom that was suppressed by colonialism.
The urgency of climate change compels us to revisit lost wisdom in the African Agricultural Sector. Dr. Ibrahim Assane Mayaki is African Union Special Envoy for Food Systems observes that extreme weather, erratic rainfall, and rising temperatures threaten the staple crops that dominate global agriculture, necessitating the need to look beyond rice, maize, and wheat—species that account for nearly 50% of the world’s calories but are increasingly vulnerable to climate shocks.
African Development Bank and Lake Chad Basin Commission Sign $10 Million Grant Agreement to Revitalize Lake Chad
The African Development Bank Group and the Lake Chad Basin Commission (CBLT) have signed a $10.2 million grant agreement to implement the Technical Support Project for the Restoration of the Ecological and Economic Functions of the Lake Chad Basin (PARFEBALT).
The agreement was signed in N’Djamena on 20 March 2025 by the Bank Group’s interim Country Manager for Chad, Claude N’Kodia, and the Executive Secretary of the CBLT and head of mission of the Multinational Joint Task Force, Mamman Nuhu.
Gabon: African Development Bank-Funded Study Underscores Importance of Economic Diversification
The African Development Bank (AfDB), through its Transition States Coordination Office and its Gabon Country Office, held a workshop in close collaboration with the Government of Gabon to present the findings of a political economy study titled “Towards a Successful Transition and Lasting Stability in Gabon: Challenges and Opportunities.”
African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance
The African Development Bank and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania.
Under this facility, the African Development Bank will provide a guarantee of up to 100% to confirming banks against non-payment risks arising from letters of credit and similar trade finance instruments issued by the Bank of Africa Tanzania.