By Ayomide Otitoju The African Development Bank Group (AfDB) and Nedbank Group have signed a landmark financing agreement aimed at expanding access to affordable housing in South Africa and strengthening trade across the continent. The package comprises a ZAR 2.5 billion social bond investment in Nedbank Group Limited and a $60 million trade finance Risk…
By Ayomide Otitoju The African Development Bank (AfDB) welcomed Canada’s Special Envoy for Africa, Ambassador Ben Marc Diendéré, to its headquarters for a high-level meeting aimed at deepening collaboration between the Bank and Canada. The discussions focused on advancing investment, sustainable development, and private sector engagement across Africa. Marie-Laure Akin-Olugbade, Senior Vice-President of AfDB, lauded…
By Ayomide Otitoju The African Development Bank (AfDB) and the Government of São Tomé and Príncipe have reinforced their development partnership with $18 million in new grant financing, signed on Thursday at the São Tomé and Príncipe Investment Forum in Brussels. The funding targets energy, climate-smart agriculture, and integrated water-energy-food security initiatives. The first agreement…
By Ayomide Otitoju At the 30th United Nations Climate Change Conference (COP30) in Belém, Brazil, development partners, including the African Development Bank (AfDB), called for a scale-up in financing to meet the 2030 goals of the African Union’s Great Green Wall Initiative. The initiative aims to restore 100 million hectares of degraded land, sequester 250…
By Ayomide Otitoju The African Development Bank Group (AfDB) and the Pan African Federation of Accountants (PAFA) have launched a $5.2 million institutional support project to tackle the shortage of qualified public sector accountants and auditors across Africa. The launch took place on 26 November at The South African Institute of Professional Accountants (SAIPA) House…
By Ayomide Otitoju President Dr. Sidi Ould Tah of the African Development Bank (AfDB) and Luxembourg Finance Minister Gilles Roth have pledged to deepen cooperation as preparations advance for the seventeenth replenishment of the African Development Fund (ADF-17), the Bank Group’s concessional financing window. The commitment was made during the leaders’ first official bilateral meeting…
By Ayomide Otitoju The African Development Bank (AfDB) Group and the Republic of Equatorial Guinea have signed a €58.61 million financing agreement to implement the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1). The signing took place on 30 October 2025 in Bata. Léandre Bassolé,…
By Ayomide Otitoju The African Development Bank (AfDB) and the Government of Niger have signed a $144.7 million financing agreement to enhance energy access and strengthen private sector competitiveness under the Energy Sector Governance and Competitiveness Support Programme (PAGSEC). The agreement, signed in Abidjan by AfDB President Dr. Sidi Ould Tah and Niger’s Prime Minister…
By Ayomide Otitoju The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) and South Africa’s Special Investigations Unit (SIU) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in combating corruption and safeguarding public resources across the continent. The agreement, signed on July 3, 2025, at the SIU headquarters in Pretoria, provides a…