African Development Bank (AfDB)
Company description
The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to African countries' economic development and social progress. 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 region's economic and social development. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).
Company details
Participation in projects
Deals as Financial Advisor per Country ()
Deals as Financial Advisor per Subsector ()
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The company has not participated in any projects.
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Company updates
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November 05, 2024
US$225 million raised to finance 120 MW Onshore wind farm in Mozambique
The African Development Bank (AfDB) has approved a US$54 million loan for a 120 MW onshore wind farm to be located 50 km west of the capital, Maputo, Mozambique.
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October 23, 2024
EOI issued for construction of 60 MW solar PV power plant with storage in western Niger
State-owned Niger Electricity Co. (NIGELEC) has sought consultants to carry out feasibility, environmental, and social impact studies for the construction of a 60 MW solar plant with storage in t...
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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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