African Development Bank (AfDB)

Company description

The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities:

  • The African Development Bank;
  • The African Development Fund; and
  • The Nigeria Trust Fund.

The AfDB’s mission is to fight poverty and improve living conditions on the continent by promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). 

Company details

City:
Abidjan
Address:
Avenue Jean-Paul II 01 BP 1387 Abidjan 01, Côte d'Ivoire

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • January 24, 2024

    US$222.5 million First close reached for Africa50 Infrastructure Acceleration Fund (Africa50 – IAF)

    Africa50 has achieved the first close for the Infrastructure Acceleration Fund, securing US$222.5 million in commitments. Africa50-IAF has garnered the involvement of 16 African institutional investo...

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  • January 02, 2024

    US$302.9 million financing approved for Power Link project between Mauritania and Mali

    The African Development Bank (AfDB) has approved US$302.9 million in financing to support the 225 kV Mauritania-Mali electricity interconnection and solar power project.

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  • January 02, 2024

    Financial close for 35 MW Menengai geothermal project in Kenya

    Globeleq and its local project partner Geothermal Development Company (GDC) have reached financial close on their 35 MW Menengai geothermal project in Nakuru County, Kenya. The primary project lender...

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  • January 02, 2024

    USD 5 billion Agreement inked for 1500 MW hydropower project in Mozambique

    The government of Mozambique has signed partnership agreements with the EDF-led consortium for the implementation of the USD 5 billion Mphanda Nkuwa hydropower project in the Tete Province, north...

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  • December 08, 2023

    AfDB Approves US$33.3 million Grant For Mozambique Transmission Line Project

    The African Development Bank (AfDB) has approved a US$33.3 million grant to implement the Songo-Matambo electricity transmission line project in the Tete province in west-central Mozambique. The proj...

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  • November 30, 2023

    Multicountry high-voltage transmission lines Interconnection Project launched

    The governments of Cameroon and Chad have officially launched a project to interconnect the southern and northern power system's high-voltage transmission lines. A total of 1,024 km of power tra...

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  • October 25, 2023

    Approval received for 2400 MW hydroelectric PPP project in Zambia

    The United Nations (UN) has given Zambia and Zimbabwe approval to build the 2400 MW Batoka Gorge hydroelectric scheme (BGHES) downstream from Victoria Falls.

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  • September 27, 2023

    Financial Close on 120 MW Solar Power Plant in Tunisia

    AMEA Power announced that it has reached financial close on its 120 MW solar PV project located in Kairouan governorate, Tunisia. This solar facility is being executed by Kairouan Solar Plant, a proj...

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  • September 19, 2023

    EOI invited for 40MW grid-connected wind project in Zambia

    Zambia’s Ministry of Energy has invited consulting firms to express interest in the preparation of a 40MW wind project under its Scaling-up Renewable Energy Programme.

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  • September 19, 2023

    Financing approved for transmission project in Ethiopia

    The African Development Bank (AfDB) has approved US$104 million in financing to support a transmission project in Ethiopia. The project encompasses the establishment of 157 km of 400kV double-circuit...

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