AfDB News
Latest articles and news about AfDB on AXL Media.
Latest Articles
- World Bank And Partners Commit $8.2 Billion To Electrify Sub-Saharan Africa Under Ambitious "Mission 300" Initiative
Published: Apr 29, 2026
Section: Africa
The World Bank Group has pledged $8.2 billion as part of a joint effort with the African Development Bank to provide electricity to 300 million people in Sub-Saharan Africa by 2030...
- Libya and African Development Bank Partner to Modernize National Transport Infrastructure for Economic Recovery
Published: Apr 24, 2026
Section: Africa
The Libyan Ministry of Transport and the African Development Bank Group have launched a strategic roadmap to reform the country’s transport sector. Supported by a $340,000 grant, t...
- Joint Global Report Warns Middle East Conflict Could Slash African Growth by 0.2%
Published: Apr 17, 2026
Section: Africa
A collaborative report by the AfDB, African Union, and United Nations warns that the intensifying Middle East crisis threatens to reduce African economic growth by 0.2%. Presented...
- Sahara Power Group GMD Kola Adesina Joins World Bank-AfDB Mission 300 Council to Electrify Africa
Published: Apr 17, 2026
Section: Africa
Dr. Kola Adesina, GMD of Sahara Power Group, has been appointed to the Mission 300 Private Sector Council. This elite 14-member global body, launched by the World Bank, African Dev...
- African Development Bank Approves 200 Million Dollar Loan for Nigeria’s National Fibre Expansion
Published: Apr 11, 2026
Section: Africa
The African Development Bank has authorized a 200 million dollar loan to support Nigeria’s Project Bridge initiative, which aims to deploy 90,000 kilometers of new fibre optic cabl...
- Middle East Conflict Devalues 29 African Currencies as Global Oil Prices Surge 50 Percent
Published: Apr 7, 2026
Section: Africa
A joint policy brief from the AfDB, AU, UNDP, and UNECA reveals that 29 African currencies have depreciated due to rising global uncertainties linked to the Middle East crisis. The...
- Nigeria Faces Economic Duality as Middle East Conflict Bolsters Oil Revenues While Igniting Continental Inflation Shocks
Published: Apr 3, 2026
Section: Africa
A joint policy brief by the African Development Bank and United Nations warns that escalating Middle East tensions provide a short term revenue windfall for Nigeria via higher crud...
- Nigeria And 13 Fragile Nations To Receive $11.3 Million AfDB Grant For Renewable Energy Expansion
Published: Mar 30, 2026
Section: Africa
The African Development Bank has approved a $5.65 million reimbursable grant to pilot an innovative financing facility aimed at deploying mini-grids across energy-poor and conflict...
- Fallacy of Nominal Comparison: Former AfDB Adviser Argues Nigerian Petrol Costs Among Highest Globally Based on Labor-Time Metrics
Published: Mar 30, 2026
Section: Africa
Economist Banji Oyelaran-Oyeyinka has challenged the narrative that Nigeria enjoys "cheap" fuel, labeling direct currency comparisons as an economic fallacy. By measuring purchasin...
- African Development Bank Calls for Private Capital Influx to Bridge Continental Infrastructure Gaps and Fuel Trade
Published: Mar 11, 2026
Section: Africa
AfDB Director General Kennedy Mbekeani has urged African governments to shift from ownership to regulation to attract private investment for critical infrastructure. He emphasized...
- Zambia Validates Major Employment Impact Assessment For Luangwa–Mwami Road To Boost Nacala Corridor Job Creation
Published: Mar 6, 2026
Section: Africa
The International Labour Organization and the Zambian government have officially launched an Employment Impact Assessment for the Luangwa–Mwami Road rehabilitation project. Part of...