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African Development Bank Group (AfDB)

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    • African Development Bank’s investment anchors first close of $118 million for Africa's leading green infrastructure initiative
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Commits $40 Million to Catalyze the Alliance for Green Infrastructure - Project Development Fund

The Alliance for Green Infrastructure in Africa - Project Development Fund is part of the AGIA initiative, led by the African Development Bank, the African Union Commission, and Africa50

Bank’s investment anchors first close of $118 million for Africa's leading green infrastructure initiative The Fund, managed by Africa50, seeks to raise $400 million of blended, early-stage development capital to deliver a pipeline of investment-ready green infrastructure projects in Africa The African Development Bank Group (www.AfDB.org) has announced $40 million…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank and partners drive data transformation in Africa with Statistical Data and Metadata Exchange (SDMX) and Open Data Platform 2.0 training

SDMX has emerged as a leading global standard for statistical data exchange, enabling greater efficiency, automation, and integration across national, regional, and global statistical systems

The Statistics Department of the African Development Bank (AfDB) (www.AfDB.org), in collaboration with the African Union Institute of Statistics (STATAFRIC), the Africa Centre for Statistics of the United Nations Economic Commission for Africa (UNECA), and other international partners held a week-long Regional Workshop on Statistical Data and Metadata exchange (SDMX)…

Ministry of Finance - Republic of Ghana
Source: Ministry of Finance - Republic of Ghana |

Deputy Finance Minister Inaugurates Venture Capital Trust Fund Board

Board Chairman, Dr. Daniel K. Seddoh, expressed appreciation to government for the opportunity to serve and pledged that the team will work to fulfil its mandate in line with the Trust Fund’s strategic objectives

The Deputy Minister for Finance, Hon. Thomas Nyarko-Ampem, has inaugurated a new Governing Board for the Venture Capital Trust Fund (VCTF). He noted that the Trust Fund was established to address a critical gap in the country’s financial architecture and remains a strategic investment for national development. He then urged…

Ministry of Finance - Republic of Ghana
Source: Ministry of Finance - Republic of Ghana |

Deputy Finance Minister Inaugurates New Ghana Incentive-Based Risk-Sharing System for Agricultural Lending Ltd. (GIRSAL) Board

The Board Chairperson, Prof. Richard Jinks Bani, thanked President John Dramani Mahama for the nomination and assured the Minister that the board will work to make agriculture more inclusive

The Deputy Minister for Finance, Hon. Thomas Nyarko-Ampem, has inaugurated a new Governing Board for the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending Ltd. (GIRSAL). He congratulated the board members and reminded them of GIRSAL’s strategic role in transforming the agricultural sector. He also urged them to remain committed to…

Ministry of Finance - Republic of Ghana
Source: Ministry of Finance - Republic of Ghana |

Seven Member Ghana Amalgamated Trust Board inaugurated

Board Chairperson Dr. Kwabena Donkor pledged the board will work to create a financially sustainable banking sector, ensuring profitability and delivering dividends

The Deputy Minister for Finance, Hon. Thomas Nyarko-Ampem, has inaugurated a new Governing Board for the Ghana Amalgamated Trust PLC (GAT), expressing confidence that the members will deliver on their mandate, given their collective experience and expertise. He further underscored government’s commitment to protecting the banking sector, stressing that this…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Opening Speech Dr. Akinwumi A. Adesina President and Chairman, Boards of Directors African Development Bank Group and Chairman, Africa50 2025 General Shareholders Meeting

Mozambique is a strong shareholder of the African Development Bank Group, which started operations in the country in 1977

Your Excellency, Daniel Chapo, President of the Federal Republic of Mozambique. Honorable Carla Louveira, Minister of Economy and Finance of Mozambique. Honorable Ministers and senior government officials. The Secretary General of the African Continental Free Trade Area Secretariat, Wamkele Mene. Excellencies, Ambassadors and heads of diplomatic missions. Heads of international…

African Development Bank Group (AfDB)

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    • Participants at the Africa50 General Shareholders Meeting in Maputo
    • African Development Bank President Akinwumi Adesina discusses Africa50's transformation over the past eight years
    • From left to right: Alain Ebobissé, CEO of Africa50; Carla Alexandre Loveira, Mozambique's Minister of Finance; Daniel Francisco Chapo, President of Mozambique; and Akinwumi Adesina, President of AfDB and Africa50 Chair, at Africa50's General Shareholders Meeting in Maputo
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Source: African Development Bank Group (AfDB) |

Africa50 Sets New Benchmark in Infrastructure Financing, Surpasses $1.4B in Managed Assets

Africa50 also sealed two significant pan-African deals, including the first close of the Alliance for Green Infrastructure in Africa (AGIA), an initiative envisioned by Dr. Akinwumi Adesina

Eight-Year Journey from Single Employee to 100-Strong Team Managing $8 Billion Portfolio Value Demonstrates Africa's Infrastructure Investment Potential. Africa50 symbolises the new Africa; an Africa that depends on itself, promotes cooperation between Africans, and builds shared prosperity, says President of Mozambique Africa50 (www.Africa50.com), the investment platform established by African governments…

African Development Bank Group (AfDB)

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    • Group photo from the AfAC Taxonomy Workshop, bringing together experts to advance a unified green finance framework for Africa
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Source: African Development Bank Group (AfDB) |

Africa’s Financial Industry Validates the Continental Sustainable Finance Taxonomy

The Taxonomy provides standardized definitions of activities that contribute to sustainable development, enabling financial institutions to direct capital toward climate-smart and socially responsible investments

Africa’s financial sector has taken a major step toward aligning with global climate and sustainability goals with the validation of a continent-wide Sustainable Finance Taxonomy.  The groundbreaking framework, the first of its kind for Africa, was endorsed by regulators, commercial banks, insurance firms, and development finance institutions in Nairobi on…

African Development Bank Group (AfDB)

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    • Group photo of African women entrepreneurs’ associations and workshop participants
    • Presentation of the study report to representatives of Mauritanian women entrepreneurs’ associations
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Source: African Development Bank Group (AfDB) |

African Development Bank Unveils Groundbreaking Mapping of Women Entrepreneurs’ Associations in Africa

The study shows that while nearly one in four African women is an entrepreneur, 87 percent of women’s associations lack financial management capacity

The African Development Bank (www.AfDB.org) has unveiled the findings of a first-of-its-kind study mapping women entrepreneurs’ associations across sixteen African countries, revealing significant capacity gaps that hinder their economic impact. Launched on 6 August in Nouakchott, the study shows that while nearly one in four African women is an entrepreneur,…

African Development Bank Group (AfDB)

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    • Ethiopian Airlines Chief Commercial Officer, Lemma Yadecha (4th from L) and African Development Bank Group President, Dr. Akinwumi Adesina (4th from R), hold the signed mandate letter designating the Bank as mandated lead arranger for the Bishoftu International Airport in Ethiopia, set to be Africa’s largest airport by 2029
    • Ethiopian Airlines Group Chief Commercial Officer Lemma Yadecha and African Development Bank Group President, Dr. Akinwumi Adesina, sign a Mandated Lead Arranger agreement authorizing the Bank to mobilize up to $8 billion in financing for the new Bishoftu International Airport
    • “Speed and scale are now the hallmarks of Ethiopia. And scale is what we are signing onto today – a testament to the power of vision, determination and resolve to put Africa at the top,” said the Bank chief
    • Ethiopian Airlines Group Chief Commercial Officer, Lemma Yadecha, presented the Bishoftu International Airport project to event participants, outlining scheduled construction timelines, current progress and estimated costs
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Source: African Development Bank Group (AfDB) |

The $10 Billion Mega-Airport Financing Partnership Between Ethiopian Airlines and African Development Bank Takes Off

New Bishoftu international airport will be a game changer for air transport in Africa and globally — Adesina

Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a monumental signing ceremony marking the African Development Bank’s role (www.AfDB.org) as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly $8 billion of the…