AfDB & AFD renew 5 year partnership to accelerate joint investments in Africa
The African Development Bank and Agence Française de Développement have renewed their partnership for another five years to boost infrastructure investment in Africa. The collaboration focuses on energy, transport, and job creation through joint project financing.
Why it matters
This partnership represents a significant capital commitment to African development, aiming to streamline project implementation and economic growth.
The African Development Bank Group (AfDB) and Agence Française de Développement (AFD) have signed a new five-year memorandum of understanding (MoU) to scale up joint investments and streamline project development across the African continent.
Signed on November 10 on the sidelines of the Paris Peace Forum, the 2026–2031 agreement builds upon an established collaboration that has already delivered 17 jointly financed projects across 14 African nations since 2021. Under the renewed framework, the two institutions aim to align their efforts from the earliest stages of project conception through to final implementation.
To build a stronger pipeline of investment-ready initiatives, the AfDB and AFD will jointly assess prospective projects earlier in their lifecycles. The partnership combines direct financing with project preparation, technical advice, policy dialogue, and capacity building, alongside deeper collaboration on project management and knowledge transfer.
Also covering this story
One other newsroom covered this event. We read that version too.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in