South Africa

AfDB Approves Financial Facilities for South Africa’s Standard Bank

The two financial facilities will support economic development and SMEs in Africa.

Eswatini

Eswatini: AfDB Approves $140M for Road Infrastructure Upgrades

The funding will help create employment opportunities in the farming regions of Lubombo and Shiselweni.

The Democratic Republic of the Congo

AfDB to Lead Funding for DRC Mini-Grids Project

The African Development Bank will lead efforts to raise $145 million for the Moyi Power Metro-Grids project, bringing solar-powered electricity to over one million people in the DRC.

Angola

AfDB Approves $162M Loan to Diversify Angolan Economy

Angola’s economy relies strongly on oil revenues.

Egypt

Egypt’s Largest Wind Project Secures $170M AfDB Loan

ACWA Power is developing the Suez Wind Energy Project in Egypt under a Build, Own, Operate model, leveraging funding approved by the AfDB.

Libya

AfDB, Libya Ink $1M Financial Management Deal

The $1 million project will focus on digitizing Libya’s financial management systems, enhancing transparency and fostering private sector growth through targeted reforms.

AfDB Launches $56M Facility to Bridge Africa’s Climate Finance Gap

The African Development Bank has launched a Climate Action Window at COP29 to support climate projects across 37 low-income African nations, focusing on adaptation, mitigation and technical assistance.

AfDB, ADB Sign $1B Exchange Exposure Agreement

The agreement will enable the AfDB to redistribute sovereign exposures and optimize its capital resources.

Madagascar

Africa50, AfDB, OPEC Fund to Support Clean Cooking in Madagascar

The AfDB, the OPEC Fund for International Development and the government of Madagascar have signed a Letter of Intent (LOI) to increase bioethanol production and enhance access to clean cooking fuels.