The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).
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The European Investment Bank (EIB) has entered into an agreement with the Democratic Republic of Congo, Burundi, and Rwanda for the EUR9.1 million (US$9.89 million) grant for the Ruzizi III...
Read moreThe Government of Ghana has signed the concession agreement for the construction of a much anticipated high-speed railway in Accra, Ghana’s capital. The signing took place on the opening day of...
Read moreThe Singaporean conglomerate Tolaram Group has signed a loan agreement worth US$629 million with the China Development Bank for the development of the Lekki deep seaport project in Lago...
Read moreMeridiam has signed a 33-year concession contract with the Government of Gabon (GoG) for the 34-MW run-of-the-river Kinguele Aval hydropower plant. Located on the Mbei River, 100 km East from Lib...
Read moreThe African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate chan...
Read moreThe African Development Bank and the governments of Equatorial Guinea and Portugal have signed a country-specific memorandum of understanding for the implementation of the Lusophone Compact, which aim...
Read moreThe Members of the Parliament in Uganda have expressed dissent over the financing of the planned reconstruction of the Kampala -Jinja expressway development. The government plans to fund t...
Read moreThe Government of Zimbabwe, through the financing from the African Development Fund, launches a tender for consultancy services for the technical Feasibility and PPP Study of Bulawayo Water and Sewera...
Read moreThe government of Ethiopia and the African Development Bank Group have signed a US$ 98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–D...
Read moreGabon Special Economic Zone Ports (GSEZ Ports) has secured long-term debt finance of EUR 305 million (US$ 340.50 million) from PIDG company and the Emerging Africa Infrastructure Fund (...
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