Safaricom’s M-PESA has launched a new set of business solutions designed to empower Kenya’s Micro, Small, and Medium-sized Enterprises (MSMEs). This move is a significant boost to the country’s economy, as MSMEs contribute 40% to Kenya’s GDP and account for…
Since 2015, the African Development Bank has used these agreements to diversify lending within its sovereign portfolio and deploy capital effectively while preserving a resilient financial base The African Development Bank Group has signed a $3.2 billion Exposure Exchange Agreement…
Mrs. Samuel-Ogbu brings a wealth of experience spread over three decades leading and transforming the banking sector in Europe, Middle East, and Africa Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, today announced the appointment of Mrs…
FOCUS Africa will address key investment challenges and unlock high-impact opportunities across multiple sectors, including agribusiness, technology, infrastructure, logistics, energy, manufacturing, mining, tourism, and the blue economy The African Export-Import Bank (Afreximbank), in collaboration with the Ministry of Planning, Economic…
The African Development Bank Group has committed $934 million to SAPZs in 11 African countries Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African…
These impressive results highlight Afreximbank’s resilience, systemic relevance and its commitment to delivering on its mandate and the objectives set under its Sixth Strategic Plan African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the…
The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg The Agence française de développement (AFD) has committed an additional €3 million to the African Development…
AFC’s earnings growth was driven by improved asset yields, prudent cost-of-funds management and sustained traction in advisory mandates Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced its strongest financial performance to date, with total revenue for…
Returning to a previously held role where he provided pro bono advice to the Bank, Rt. Hon. Mitchell is passionate about Africa’s development and has extensive knowledge and experience in managing the complexities of global resource mobilization The African Development…
African Development Bank Group and Nigeria Kick Off $538 million agro-industrial project across eight states Nigeria’s food and agriculture sector is set to enter a new era of industrialization, as the Nigerian government, the African Development Bank, and the State…
The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector The African Development Bank and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost…
The Drone-Based Disaster Management Project will establish a drone training centre in Mozambique to train 30 professionals, including 10 instructors The African Development Bank, the government of Mozambique, and Korea’s government agency Busan Technopark have launched an innovative drone-driven initiative…
The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring Two African Development Bank Group supported projects have garnered top honours at the 2025 Bonds, Loans &…
This Bank crisis response operation, implemented in collaboration with the ICRC, goes beyond short-term humanitarian interventions to invest in long-term resilience and sustainable development The Board of Directors of the African Development Bank Group has approved a $19.85 million grant…
The alliance will harmonize trade practices and introduce a standardised framework that ensures secure, predictable, and efficient trade movement African Export-Import Bank (Afreximbank) and Zep-Re (PTA Reinsurance Company) today launched the Trans-Africa Bond Alliance (TABA), a transformative initiative, designed to…