African Development Bank News
Latest articles and news about African Development Bank on AXL Media.
Latest Articles
- Economic Commission for Africa identifies $64 billion annual funding gap for continental water and sanitation security
Published: Apr 30, 2026
Section: Africa
Executive Secretary Claver Gatete of the Economic Commission for Africa has issued an urgent call for coordinated investment to address systemic water insecurity. Speaking at the 1...
- ATCON Backs $900 Million Project BRIDGE to Drive Nationwide Broadband via Local ISPs
Published: Apr 30, 2026
Section: Africa
The Association of Telecommunication Companies of Nigeria has thrown its weight behind Project BRIDGE, a $900 million fibre optic initiative funded by the World Bank and other glob...
- 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...
- Nigeria Accumulates Average of N82 Billion Daily Debt Under Tinubu Administration as Foreign Loans Surge
Published: Apr 25, 2026
Section: Africa
Recent fiscal data indicates that the administration of President Bola Ahmed Tinubu is adding approximately N82 billion to Nigeria’s public debt every 24 hours during the first 114...
- 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...
- NOG Energy Week 2026 To Focus On Continental Output Security And Strategic Infrastructure Alignment In Abuja
Published: Apr 10, 2026
Section: Africa
Organizers of the NOG Energy Week have announced the 25th anniversary conference scheduled for July 2026 in Abuja. The event aims to move beyond policy dialogue toward actionable s...
- Democratic Republic Of Congo Launches $46.5 Million Ubangi River Trade Corridor Transformation
Published: Apr 6, 2026
Section: Africa
The Democratic Republic of Congo has initiated the active phase of PREDIRE, a $46.5 million regional program backed by the African Development Bank to revitalize the Ubangi River b...
- Sahara Group CEO Kola Adesina Appointed to World Bank Mission 300 Council to Electrify Africa
Published: Apr 2, 2026
Section: Africa
Kola Adesina, CEO of Sahara Group, has joined the Mission 300 Private Sector Council, a global initiative led by the World Bank and African Development Bank. The council aims to mo...
- World Bank And African Development Bank Launch Mission 300 Private Sector Council To Electrify 300 Million Africans By 2030
Published: Apr 1, 2026
Section: Africa
A new council of 14 global business leaders has been formed to mobilize private capital and scale up off-grid energy solutions across Africa. Part of the broader "Mission 300" init...
- World Bank Secures $50bn for "Mission 300" to Halve Electricity Access Deficit Across Africa by 2030
Published: Mar 5, 2026
Section: Africa
The World Bank has announced that over $50 billion has been committed to "Mission 300," an ambitious initiative aimed at bringing electricity to 300 million people in sub-Saharan A...
- Silicon Power Play: Nvidia Enters Laptop Processor Market as Global AI Infrastructure Hits New Hurdles
Published: Feb 23, 2026
Section: AI News & Updates
Nvidia pivots to consumer hardware to challenge Apple while OpenAI's massive Stargate data center project faces partnership friction and supply bottlenecks.