Tag Economy

Zambia Affirms Strong Support for African Development Bank (AfDB) President Ould Tah’s vision for New African Financial Architecture

Dr Ould Tah thanked President Hichilema and the Zambian people for hosting the ADF-17 replenishment meeting, a key milestone in mobilising concessional resources for Africa’s most vulnerable countries Zambia has voiced strong backing for African Development Bank Group President Dr…

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KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo Special Economic Zone (SEZ)

Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative KCB Group and pan-African multilateral development bank, African Export-Import Bank (Afreximbank) have entered a Memorandum of Understanding (MOU) aimed…

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African leaders, African Development Bank (AfDB) push for governance reforms, regional integration for Africa’s transformation at Nigerian Economic Society Conference

The 2025 NES conference has drawn more than 2,500 delegates from 22 African countries, including economists, policymakers, academics, and international partners African leaders, experts, the African Development Bank and development partners have called for urgent reforms to strengthen governance, deepen…

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Afreximbank Hosts Inaugural FOCUS Africa Trade and Investment Forum to strengthen economic integration in Africa

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…

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African Development Bank Group President Appoints the United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis

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…

Read MoreAfrican Development Bank Group President Appoints the United Kingdom Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis

African Development Bank Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards

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 &…

Read MoreAfrican Development Bank Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards
(Left) Solomane Koné, the African Development Bank Group’s Acting Director General for Central Africa and Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development and Governor of the Bank for Cameroon

Cameroon: AfDB approves €330 million loan to upgrade Ngaoundéré-Garoua road to improve connectivity and strengthen regional integration

The aim of the programme is to modernise a strategic section of Cameroon’s road network, which is essential for transporting people and goods between the north and south of the country The African Development Bank Group has given the green…

Read MoreCameroon: AfDB approves €330 million loan to upgrade Ngaoundéré-Garoua road to improve connectivity and strengthen regional integration
President William Ruto of Kenya and President Benedict Oramah of Afreximbank during the signing of multiple agreements on industrialisation in Mombasa, Kenya

Afreximbank and Kenyan government ink milestone agreements to promote industralisation

Afreximbank will finance the development and operationalisation of industrial parks (IPs) and special economic zones (SEZs) to bolster the country’s industrialisation and export manufacturing In a groundbreaking move that will redefine Kenya’s industrial landscape, Afreximbank and the Kenyan government have…

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African Leaders Unite to Mobilize African Investment and Financing for Implementing Agenda 2063

African Leaders Unite to Mobilize African Investment and Financing for Implementing Agenda 2063

Discussions centered on innovative strategies for mobilizing African capital, strengthening financial institutions, and leveraging the role of African Multilateral Financial Institutions (AMFIs) in financing critical development sectors On the sidelines of the 38th Ordinary Session of the Assembly of the African…

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African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade

African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade

The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement…

Read MoreAfrican Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade