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AfDB

The African Development Bank is a multilateral development finance institution established to promote economic and social development across Africa. Headquartered in Abidjan, Côte d'Ivoire, the bank was founded in 1964 and began operations in 1966. It comprises 54 African member countries and 27 non-African shareholders from the Americas, Asia and Europe. The bank's mandate encompasses financing development projects, providing policy advice and technical assistance to regional member countries. Its core activities include infrastructure development, private sector growth, regional integration, governance improvement and support for fragile states. The African Development Bank operates through three main entities: the African Development Bank itself, which lends to middle-income and creditworthy low-income countries; the African Development Fund, which provides concessional financing to low-income countries; and the Nigeria Trust Fund. The institution plays a significant role in mobilising resources for Africa's development, with lending priorities including energy, transport, water and sanitation, agriculture and food security. It also coordinates responses to regional challenges such as climate change, health crises and job creation. The bank's High 5 strategic priorities focus on lighting up and powering Africa, feeding Africa, industrialising Africa, integrating Africa and improving the quality of life for Africans. As one of Africa's premier development finance institutions, it works alongside the World Bank, regional economic communities and bilateral donors to advance the continent's economic transformation.

AfDB Updates


Dr Akinwumi Adesina
Former AfDB president Adesina appointed Diamonds for Development Fund chairperson
29th May 2026 By: Creamer Media Reporter

The Botswana government and De Beers have announced the appointment of former African Development Bank (AfDB) president Dr Akinwumi Adesina as chairperson of the Diamonds for Development Fund – a... 


People at a stand at the events
Nigeria HVACR expo draws strong industry participation
29th May 2026

More than 2 800 industry professionals attended the inaugural editions of West Africa Infrastructure Expo and HVACR Nigeria, which were held over three days at the Landmark Centre, in Lagos,... 


ECA chief urges scaling up financing for water investments to drive growth, resilience, shared prosperity
28th May 2026 By: Natasha Odendaal

Africa must urgently close the financing gap for water and sanitation investments if the continent is to accelerate progress on sustainable development, climate resilience and economic... 


Lhyfe taxi refuelling.
As costs drop, hydrogen energy sovereignty is being grasped
22nd May 2026 By: Martin Creamer

Following South Africa’s Northam Platinum reporting earlier this year that thousands of hydrogen-powered trucks are doing the rounds in China, France’s Lhyfe added on Monday, May 4 that by the end... 


Chartered Institute of Management Accountants VP for education and professional qualifications in management accounting Stephen Flatman
Meeting Africa’s growing demand for finance and accounting professionals
21st May 2026

Africa’s economic outlook remains resilient, even as geopolitical tensions and global trade uncertainty continue to create headwinds. According to the African Development Bank, real GDP growth is... 


The World Bank logo on a wall
Eskom in early talks with World Bank, other funders for nuclear expansion
20th May 2026 By: Reuters

South Africa's state power utility Eskom is in exploratory talks with the World Bank over funding for a multibillion-dollar nuclear programme that could be launched within 12 months, a senior... 


Kariba Dam rehabilitation 94% complete, on track for year-end conclusion
7th May 2026 By: Schalk Burger

Zambia and Zimbabwe bilateral organisation the Zambezi River Authority says the Kariba Dam Rehabilitation Project (KDRP) is about 94% complete and remains on course for completion by the end of the... 


Africa’s Rising Relevance Amid Global Shifts: Banks Are Key Catalysts
Africa’s Rising Relevance Amid Global Shifts: Banks Are Key Catalysts
6th May 2026

By: Refilwe Mokate - Head of African Banks Client Coverage and Zoya Sisulu, Head of Financial Institutions Group Client Coverage at Standard Bank Corporate & Investment Banking The first quarter of... 


Lhyfe taxi refuelling.
As costs drop, hydrogen energy sovereignty is being grasped
5th May 2026 By: Martin Creamer

Following South Africa’s Northam Platinum reporting earlier this year that thousands of hydrogen-powered trucks are doing the rounds in China, France’s Lhyfe added on Monday, May 4 that by the end... 


A PPC cement plant
Heidelberg weighs bid to acquire South African cement firm PPC
5th May 2026 By: Bloomberg

Heidelberg Materials is in talks with banks to appoint financial advisers as it considers a bid for top South African cement maker PPC, according to people familiar with the matter. The German... 


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