African Development Bank

The African Development Bank Group approved a $200 million loan to Nigeria for the D-VIBE Project, playing a crucial role in financing and co-leading the initiative. This action enhances its reputation as a key development finance institution in Africa.

The African Development Bank (AfDB) is the mandated lead arranger for the Abidjan-Lagos Corridor Highway project, providing significant financial and technical support. The AfDB has already committed $25 million in early-stage support and is mobilizing further financing with partners.

The African Development Bank co-convened a high-level symposium to advocate for visa-free travel across Africa, emphasizing its role in economic transformation under the African Continental Free Trade Area. They pledged to continue working with member states to advance coordinated mobility frameworks.

The African Development Bank (AfDB) is a key institution outlining practical recommendations for crisis responses and resilience building in African countries. It emphasizes the need for African institutions and development partners to act swiftly and in concert to cushion short-term shocks and build long-term resilience.

The African Development Bank (AfDB) supports the African Monetary Institute (AMI), with its Chief Economist, Kevin Chika Urama, describing it as a 'must-have' for strengthening Africa's financial architecture. The AfDB sees the AMI as crucial for addressing macroeconomic risks and promoting stability.