African Development Bank
Power shift: Sidi Ould Tah takes oath as ninth AfDB president
The African Development Bank (AfDB) entered a new era on Monday, September 1, 2025, as Dr. Sidi Ould Tah was officially sworn in as the institution’s ninth president at a high-profile ceremony in Abidjan, Côte d’Ivoire. The swearing-in, held at the prestigious Sofitel Abidjan Hôtel Ivoire, drew global attention as African leaders, diplomats, development partners, […]
Africa50’s AGIA-PD fund reaches $118m in first close
In a major milestone for Africa’s infrastructure development, the Alliance for Green Infrastructure in Africa’s Project Development Fund (AGIA-PD), managed by pan-African investment platform Africa50, has successfully achieved its first close with $118 million. The announcement was made at the Africa50 General Shareholders Meeting in Maputo, Mozambique, and marks a significant leap forward in mobilizing […]
AfDB Backs AI Training to Accelerate Africa’s Agenda 2063 Goals
The African Development Bank (AfDB) has intensified efforts to accelerate the implementation of Africa’s ambitious continental development plan, Agenda 2063, by backing a transformative artificial intelligence (AI) training initiative for African Union (AU) member states. The program aims to leverage cutting-edge digital tools to strengthen governance, planning, and monitoring across the continent, marking a critical […]
Africa Needs Over $100bn Annually for Climate Adaptation – SEC
Africa is staring down a climate finance chasm of over $100 billion per year by 2030, as the continent battles rising climate-related losses and lagging investments in adaptation. The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, made this sobering revelation during his presentation at the African Development Bank (AfDB) Annual Meetings. […]