Search Results for: Afdb

Senior policymakers, development financiers, and private sector leaders have backed the African Development Bank’s New African Financial Architecture for Development (NAFAD), a major initiative designed to unlock African capital and address the continent’s estimated $400 billion annual development financing gap. The discussions took place during the AfDB Annual Meetings in Brazzaville, where participants explored how […]

The African Development Bank has stepped in to close a critical financial gap in Uganda’s flagship rural electrification programme, approving additional funding to ensure that all communities affected by the project receive the compensation they are owed. The African Development Bank Group has approved €7.33 million in additional financing to support the completion of compensation […]

The African Development Bank Group has approved a €7.5 million investment into the Breega Africa Seed I Fund, directing capital toward early-stage technology startups operating across the continent. The financing package is structured as €5 million in direct equity capital from the Bank and €2.5 million provided as a junior tranche on behalf of the […]

The African Development Bank (AfDB) Group has approved a €7.5 million investment in the Breega Africa Seed I Fund, signaling a strategic push to strengthen Africa’s early-stage startup ecosystem and unlock innovation-led growth across the continent. The commitment includes €5 million in direct equity from AfDB and an additional €2.5 million junior tranche provided on […]

AfDB finds AI could add $1 trillion to Africa’s GDP by 2035, create 35–40M digital jobs and boost tax revenue, but success needs data, skills and infrastructure.

Japan and the African Development Bank (AfDB) have reinforced their nearly two-decade partnership with a new USD 5.5 billion financing deal designed to stimulate private sector growth across Africa. On Thursday, the Japan International Cooperation Agency (JICA) and the AfDB formalized the launch of the sixth phase of the Enhanced Private Sector Assistance initiative (EPSA6) […]