The African Development Bank Group and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed an agreement for a $150 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility. The agreement was concluded on the sidelines of the African Investment Forum in Rabat, Morocco.

The African Development Bank Group, together with the Development Bank of Southern Africa (DBSA) and key institutional investors Academy Securities, Africa50, and Newmarket, today signed a Letter of Intent to explore the establishment of a multi-originator synthetic securitization transaction.

The African Development Bank has released the first tranche of its $1 billion loan to Transnet, the South African state-owned conglomerate managing the country’s ports, railways and pipelines. This disbursement is the first in a series of four tranches planned for an unparalleled financing arrangement to support Transnet’s business’s recovery plan.

Approved by the Bank’s Board of Directors five months ago, this funding underpins a recovery plan to address pressing operational challenges of the company, while bolstering South Africa’s critical infrastructure.

Africa’s urban population will triple in the next 25 years and African countries will need to invest up to 5.5 percent of their gross domestic product (GDP) in urban development if they are to avoid rapid growth of shanty towns.

This was the conclusion shared by experts at a round-table discussion, “Mobilising finance for urban development and planning” which took place at the Africa Investment Forum, held from 4-6 December in Rabat, Morocco.

The African Development Bank Group has signed an agreement with the West African Development Bank (BOAD) for a $24 million equity investment that will enable the regional development bank to support businesses in member countries.

• African Development Bank and EIB Global among key investors in fund focused on companies leveraging digital tech to provide essential services

• Fund has committed over $10 million dollars to five companies across Africa with aim of creating over 10,000 formal jobs

African and Asian investors, entrepreneurs and industrialists came together for a panel discussion on how to take best advantage of the surge in demand for Africa’s critical minerals resulting from the green energy transition and transform the sector from raw exports to high-value in-country manufacturing.

The panel, which was sponsored by the Japanese government and Fund for African Private Sector Assistance (FAPA), saw several high-level speakers explain how they are trying to match growing demands of both consumers and producers.

The African Development Bank and Bank of Africa SA have signed a risk-sharing agreement of EUR 50 million to strengthen private-sector financing and promote African trade. The signing ceremony took place on 4 December 2024, during the 2024 Africa Investment Forum (AIF) Market Days in Rabat, Morocco.

The risk-sharing agreement will enable Bank of Africa SA to provide more support to local African banks  in their international operations, by allowing them to increase financing and confirmation lines with foreign counterparts.