African Development Bank champions circular economy as Africa’s pathway to sustainable industrial growth at UNEA-7
The African Development Bank has underscored the circular economy as both an environmental necessity and a major industrial opportunity at the seventh session of the United Nations Environment Assembly (UNEA-7), held under the theme "Advancing sustainable solutions for a resilient planet.”
Central Bank of Egypt and Afreximbank Sign a Memorandum of Understanding for the Establishment of a Gold Bank programme in Egypt
Cairo, Egypt, 30th December 2025 – The Central Bank of Egypt (CBE) and African Export – Import Bank (Afreximbank) yesterday signed a Memorandum of Understanding (MoU) for the establishment of a pan African Gold Bank. This strategic initiative aims to formalise gold value chains, strengthen Central Bank reserves and reduce Africa’s reliance on foreign refining and trading hubs.
Japan and African Development Bank deepen partnership to boost private investment in Africa
Japan and the African Development Bank (AfDB) strengthen their collaboration at the recent Africa Investment Forum (AIF) 2025 Market Days, unveiling new commitments under the Enhanced Private Sector Assistance for Africa (EPSA) initiative to mobilise private capital for the continent’s economic growth.
The Chairperson of the African Union Commission commends the smooth conduct of the presidential election in the Republic of Guinea
The Chairperson of the African Union Commission (AUC), H.E. Mr. Mahamoud Ali Youssouf, extends his warmest congratulations to the President-elect of the Republic of Guinea, H.E. General Mamadi Doumbouya, on his election with 86.72% of the vote, following the proclamation of the final results by the Supreme Court on January 4, 2026.
Benin: African Development Bank to invest €102 million to boost poultry meat production
The Board of Directors of the African Development Bank Group meeting in Abidjan today approved a €102.12 million loan to Benin to implement the first phase of the Agriculture Transformation Programme in the country’s savannah region.
African Development Fund approves investment to help Somali communities build climate-resilient livelihoods
The Board of Directors of the African Development Fund (ADF) has approved, on 02 December 2025, a $9.63 million grant to strengthen climate resilience, food security and incomes of rural communities in the Hirshabelle and Puntland regions of Somalia.
African Development Bank Approves $10 Million to catalyse Namibia’s Large Green Hydrogen Project
The African Development Bank’s Board of Directors has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green ammonia project valued at more than $10 billion and with the potential to position Namibia as a pioneer in the global green hydrogen economy.
FG Gold, AFC and Afreximbank Achieve Financial Close on US$330 Million Senior Debt Financing for Baomahun Gold Project
FG Gold Limited (“FG Gold”) is pleased to announce that it has achieved financial close and the first drawdown on its US$330 million Senior Debt Financing with Africa Finance Corporation (AFC) and the African Export-Import Bank (Afreximbank), for its Baomahun Gold Project, marking the development of Sierra Leone’s flagship large-scale commercial gold mine. This milestone unlocks one of the most significant project financing deals in the country’s history and supports Sierra Leone’s ambition to responsibly harness its mineral resources for sustainable economic transformation. The transaction was further strengthened by capital mobilised through Trafigura Group.
African Development Bank approves landmark $1.78 billion strategy to support transformation of Namibia's economy and create jobs
The African Development Bank Group's Board of Directors has approved a Country Strategy Paper (CSP) for Namibia committing $1.78 billion to support economic transformation and inclusive growth in the 2025-2030 period.
Nigeria: African Development Bank provides $200 million to support Special Agro-Industrial Processing Zones Program facebook sharing button
The Board of Directors of the African Development Bank Group has approved $200 million for the first tranche of the Multi‑Tranche Financing Facility under Phase II of Nigeria’s Special Agro‑Industrial Processing Zones (SAPZ) Program.