African Development Bank Group Welcomes OPEC Fund and TDB Group into Alliance for Special Agro-Industrial Processing Zones
The OPEC Fund for International Development (OPEC Fund) and the Trade and Development Bank Group (TDB Group) have joined the Alliance for Special Agro-Industrial Processing Zones, strengthening multi-partner efforts to accelerate agro-industrialisation across Africa.
Afreximbank backs Heirs Energies with $750-million facility, boosting Nigeria’s domestic energy capacity
Abuja, Nigeria,: – African Export-Import Bank (Afreximbank) and Heirs Energies Limited have announced a landmark US$750-million financing partnership designed to optimise Heirs Energy’s capital structure and unlock critical liquidity to support its working capital requirement as it pursues its ambitious field development programme. The investment is expected to significantly transform Nigeria’s domestic energy capacity as demand rises.
African Development Bank champions circular economy as Africa’s pathway to sustainable industrial growth at UNEA-7
The African Development Bank has underscored the circular economy as both an environmental necessity and a major industrial opportunity at the seventh session of the United Nations Environment Assembly (UNEA-7), held under the theme "Advancing sustainable solutions for a resilient planet.”
Central Bank of Egypt and Afreximbank Sign a Memorandum of Understanding for the Establishment of a Gold Bank programme in Egypt
Cairo, Egypt, 30th December 2025 – The Central Bank of Egypt (CBE) and African Export – Import Bank (Afreximbank) yesterday signed a Memorandum of Understanding (MoU) for the establishment of a pan African Gold Bank. This strategic initiative aims to formalise gold value chains, strengthen Central Bank reserves and reduce Africa’s reliance on foreign refining and trading hubs.
Japan and African Development Bank deepen partnership to boost private investment in Africa
Japan and the African Development Bank (AfDB) strengthen their collaboration at the recent Africa Investment Forum (AIF) 2025 Market Days, unveiling new commitments under the Enhanced Private Sector Assistance for Africa (EPSA) initiative to mobilise private capital for the continent’s economic growth.
The Chairperson of the African Union Commission commends the smooth conduct of the presidential election in the Republic of Guinea
The Chairperson of the African Union Commission (AUC), H.E. Mr. Mahamoud Ali Youssouf, extends his warmest congratulations to the President-elect of the Republic of Guinea, H.E. General Mamadi Doumbouya, on his election with 86.72% of the vote, following the proclamation of the final results by the Supreme Court on January 4, 2026.
Benin: African Development Bank to invest €102 million to boost poultry meat production
The Board of Directors of the African Development Bank Group meeting in Abidjan today approved a €102.12 million loan to Benin to implement the first phase of the Agriculture Transformation Programme in the country’s savannah region.
African Development Fund approves investment to help Somali communities build climate-resilient livelihoods
The Board of Directors of the African Development Fund (ADF) has approved, on 02 December 2025, a $9.63 million grant to strengthen climate resilience, food security and incomes of rural communities in the Hirshabelle and Puntland regions of Somalia.
African Development Bank Approves $10 Million to catalyse Namibia’s Large Green Hydrogen Project
The African Development Bank’s Board of Directors has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green ammonia project valued at more than $10 billion and with the potential to position Namibia as a pioneer in the global green hydrogen economy.
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.