IFAD and the Development Bank of Southern Africa partner for rural development across Africa
Rome/Cape Town, 26 February 2025. The International Fund for Agricultural Development (IFAD) and the Development Bank of Southern Africa (DBSA) have signed a Memorandum of Understanding (MoU) to join forces in rural development projects across the African continent.
African Development Bank and ECOWAS Commission sign $11.78 million agreement to strengthen rice value chains in West Africa
The African Development Bank and the Economic Community of West African States (ECOWAS) Commission have signed a Protocol of Agreement for a grant of $11.78 million to strengthen regional rice production, to help ensure food security, and reduce West Africa’s dependence on costly rice imports.
Deepening Cooperation: President Touray receives Envoys of Cuba, Angola and Ethiopia in Abuja
The President of the ECOWAS Commission, H.E. Dr. Omar Alieu Touray received Ambassadors of Cuba, Angola and Ethiopia at the Commission Headquarters in Abuja, Nigeria, today, March 4, 2025.
H.E. Miriam Morales Palmero, Ambassador of the Republic of Cuba to the Federal Republic of Nigeria and ECOWAS discussed cooperation in the health sector and partnership with the West African Health Organisation (WAHO).
ECOWAS engages with the German Embassy to Nigeria to strengthen and boost areas of Cooperation through GIZ Programs
The Vice-President of the Commission of the Economic Community of West African States (ECOWAS), Ms Damtien Larbli Tchintchibidja, has emphasized the deepening of long-standing relations between Germany and the regional organization.
During a courtesy visit by the West African country office directors of the German Agency for International Cooperation, better known by its acronym GIZ, led by the Head of Cooperation Development of the German Embassy near Nigeria, to the headquarters of the said Commission in Abuja, Nigeria, on Thursday February 27, 2025, Ms. Tchintchibidja urged her hosts to discuss bilateral cooperation and the strengthening of coordination between stakeholders.
African Development Bank Vice President visits Angola to strengthen investment
African Development Bank Vice-President Solomon Quaynor has concluded a two-day mission to Angola for meetings with government and private sector stakeholders and to affirm the Bank’s support for existing and new investment initiatives.
The Bank Group’s Country Manager for Angola and São Tomé, Pietro Toigo, and other Bank staff joined Quaynor on the visit, which took place from March 4 - 6, 2025.
The African Development Bank celebrates 60 years of transformative investments in Tunisia
The African Development Bank marked its 60th anniversary with an official ceremony that showcased the institution's significant investments in Tunisia since 1967.
Under the theme “60 years of making a difference”, the celebration brought together about 200 guests, including the Tunisian Minister of Economy and Planning, Mr. Samir Abdelhafidh, the minister of Industry, Mines and Energy, Mrs. Fatma Thabet Chiboub, Mohamed El Azizi, the African Development Bank's Director General for North Africa and other government officials, members of the diplomatic corps, representatives of partner institutions and beneficiaries of projects financed by the Bank.
African Development Bank reiterates commitment to bold action on energy and climate finance at 2025 Finance in Common Summit
Energy access and sustainable finance took center stage at the 2025 Finance in Common Summit, where two roundtable discussions addressed critical financing gaps and highlighted pathways to achieving universal energy access in Africa.
During the discussions, the African Development Bank reiterated its commitment to unlocking investment for Africa’s energy future and scaling climate financing as part of its recently-launch Mission 300 initiative, in anticipation of COP30.
Transforming the Zambezi River Basin region: A Bold Vision for Sustainable Development and Climate Resilience
In February 2025, the Climate Investment Funds (CIF) approved funding to support the Zambezi Region Nature, People, and Climate (NPC) Investment Plan, a significant milestone for the region that reflects close collaboration by the governments of Malawi, Mozambique, Namibia, Tanzania, and Zambia.
The approved CIF funding, totalling $60.35 million, will support two major projects across the basin. The African Development Bank will receive $38 million from CIF for an integrated project to bolster climate-resilient food, livelihoods, and ecosystems throughout the region.
EAC4Nature Project launched to foster sustainable natural resources management in the region
East African Community Headquarters, Arusha, Tanzania, 17th March, 2025: The East African Community (EAC), in collaboration with the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Union (EU), today launched the EAC4Nature Project, a transformative three-year initiative designed to enhance sustainable natural resource management across the region.
Desert to Power: The African Development Bank Group, Eritrea sign agreement for 12 MW mini-grid project
The African Development Bank Group and Eritrea have signed an agreement for $19.5 million in grant funding for the Desert to Power Eritrea 12MW Mini Grid Project.
Eritrea’s Minister of Finance and National Development, who is also the Bank Group Governor for the country, Dr. Ghiorghish Teklemichae, signed on behalf of the government during a 10 March signing ceremony. The Bank Group’s Deputy Director General for East Africa, Dr. Léandre Bassole, represented the institution.