The African Development Bank (AfDB) has secured a record-breaking $11.1 billion in new investments for 2024–2025, the highest in its history. Half of this, $5.5 billion, will fund climate-related projects, reinforcing the bank’s role in driving sustainable and inclusive growth across Africa. According to the bank’s Annual Development Effectiveness Review, the AfDB made major progress across its “High 5s” agenda, spanning energy, agriculture, industry, integration, and quality of life. Results include 14 million people accessing better healthcare, 5 million receiving clean water, 1 million gaining electricity, and 3.5 million benefiting from improved regional integration via the African Continental Free Trade Area (AfCFTA). The review also highlighted the bank’s focus on youth empowerment, gender equity, and climate action.
Business Insider Africa
