About: African Development Bank

Development banks make landmark climate pledge, but no fossil fuel phase out

The world’s public development banks on Wednesday (11 November) pledged to align their financial firepower with the Paris Agreement on climate change, but avoided a firm commitment to phase out fossil fuel financing. As a source of funding for many...

China’s investment largesse may dwarf EU in Africa

When it comes to increasing investment in the African, Caribbean and Pacific countries covered by the Cotonou Agreement, the EU talks a good game. But it is facing stiff competition from China, armed with more cash and fewer concerns about democracy and the rule of law when it comes to investment.

EU unlocks €800 million for African investment vehicle

The EU’s much vaunted private investment vehicle in Africa has moved a step closer to becoming reality after €800 million was unlocked to leverage multi-billion euro investments on the continent.

Quality of life on the rise for many Africans, says AfDB report

Africans are seeing a steady improvement in the quality of their lives, with some countries even nearing world averages, says a wide-ranging report out today (22 May) on the continent's future.