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COVID-19: An unprecedented threat to development in Africa

The COVID-19 crisis threatens to reverse recent development progress across the region and may weigh on growth for years to come.

Africa Mining Vision Compact established between business and host governments

An Africa Mining Vision (AMV) Compact was forged between the mining industry and African host governments at an event on the sidelines of the annual Investing in African Mining Indaba held in Cape Town...

AfDB releases report on natural resources management in fragile African countries

The African Development Bank Group (AfDB) and Washington-based Environmental Law Institute (ELI) have produced a new report on natural resources management in fragile and conflict-affected countries. This flagship report examines how African countries in fragile...

AfDB’s $20M infrastructure bonds promote infrastructure development in Africa

The African Development Bank has sold $20 million in infrastructure bonds to Japan’s Fukoku Mutual Life Insurance Company and will use net profits from the bonds to finance lending to infrastructure projects in Africa. According...

AfDB approves US$243M in loans for Chinsali-Nakonde road rehab

Zambia – The African Development Bank (AfDB) has approved a $193 million bank loan and a $ 50 million loan from Africa Growing Together Fund (AGTF), to support the rehabilitation of the Chinsali-Nakonde road, a...

African Development Bank approves natural resources centre strategy

The African Development Bank (AfDB) last week approved the six-year strategy of the African Natural Resources Centre (ANRC). The strategy is intended to operationalise the centre by spelling out its strategic approach to assisting governments in their...