AfDB approves $139 million loan for Johannesburg Modernization
The African Development Bank approved a landmark $139 million loan to Johannesburg Tuesday, marking the institution’s first direct lending to a municipal entity as South […]
AfDB
AfDB wins top infrastructure award for Africa’s largest wind power project in Egypt
The African Development Bank (AfDB) has won the prestigious “Infrastructure Deal of the Year” award at the 2025 African Banker Awards for its leading role […]
Power Dynamics Shape African Development Bank Presidential Race
The African Development Bank’s presidential election on May 29 promises intense competition as five candidates vie for control of the continent’s premier financial institution, with […]
African Development Bank Achieves Historic Capital Growth Under Adesina’s Leadership
The African Development Bank (AfDB) has accomplished an unprecedented capital increase over the past decade, growing from $93 billion in 2015 to $318 billion today, […]
AfDB Flags Global Trade Turbulence as Key Risk to Africa’s Economic Momentum
The African Development Bank (AfDB) has sounded the alarm on the rising geopolitical and trade tensions impacting the continent’s economic trajectory, as it trimmed its […]
AfDB President Hails Morocco’s Progress under Leadership of King Mohammed VI
The outgoing president of the African Development Bank (AfDB), Akinwumi Adesina, praised on Monday Morocco’s strides under the leadership of King Mohammed VI. “Thanks to […]
Ethiopia to Build New $7.8 Billion Airport Near Addis Ababa
Ethiopia is set to construct a new international airport near its capital, Addis Ababa, with an estimated cost of $7.8 billion. The airport will be […]
African Development Bank’s New Refinancing Facility Set to Support Struggling Nations
The African Development Bank (AfDB) is poised to launch a regional refinancing facility aimed at assisting African nations burdened with maturing international bonds, according to […]
Morocco Calls for Collective Action for Sustainable Development Financing in Africa
Africa needs more collective efforts to enhance sustainable development financing, unlock the continent’s growth potential, and reach development goals, Moroccan finance minister Nadia Fattah said. […]
Tanzania achieves 128% food security, allowing it to ‘feed’ other African states
Tanzania is emerging as a leader in food security in Africa, after it has achieved 128% food self-sufficiency, allowing it to export surplus produce to […]