AfDB
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NEWS
AfDB Commits $40M to Green Infrastructure Fund’s $118M First Close
The African Development Bank Group (AfDB) has committed $40 million to the Alliance for Green Infrastructure in Africa – Project Development Fund (AGIA-PD), anchoring the Fund’s first close at $118 million. The investment aims to accelerate the development of bankable green infrastructure projects across Africa and unlock billions in private-sector capital. The AGIA-PD brings together development finance institutions, public agencies,…
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NEWS
AfDB Approves $9.4M Grant to Boost Climate-Resilient Rice Farming in West Africa
The African Development Fund (ADF), the concessional arm of the African Development Bank Group, has approved a $9.44 million grant to the Africa Rice Center (AfricaRice) to strengthen climate resilience in rice value chains across 13 West African countries. The funding, approved on 17 July 2025, comes through ADF’s Climate Action Window and will support rice farmers and processors in…
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ENERGY
AfDB, Eritrea Ink Agreement for 12 MW Mini-Grid Project
The African Development Bank Group (AfDB) and Eritrea have signed an agreement for $19.5 million in grant funding for the Desert to Power Eritrea 12MW Mini Grid Project. Eritrea’s Minister of Finance and National Development, who is also the Bank Group Governor for the country, Dr. Ghiorghish Teklemichae, signed on behalf of the government during a 10 March signing ceremony.…
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NEWS
Climate finance and natural capital accounting by African countries top AfDB’s COP29 agenda
The world’s largest annual climate conference opens in Baku, Azerbaijan, on Monday, with African nations ramping up efforts to tackle climate change. At COP29, the African Development Bank (AfDB) aims to mobilize additional resources for climate action in Africa and launch a bold new approach to assessing African economies by including their “green wealth.” Organized by the United Nations Framework…
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