Thursday
December 18
2025

African Development Bank Secures $11 Billion in Historic Fund

By Adekunle Agbetiloye

The African Development Bank’s concessional financing arm mobilised a record $11 billion from 43 Partners in its 17th (ADF-17), an amount the multilateral lender said signals confidence in the continent’s development prospects.

Photo courtesy of http://www.afdb.org, Public domain, via Wikimedia Commons.

Source: Business Insider Africa (link opens in a new window)

Categories
Finance
Tags
development finance, energy access, food security, global development, infrastructure, lending, partnerships