African Development Bank Group and Agence Française De Développement Renew Partnership to Accelerate Joint Investments Across Africa
The African Development Bank and the Agence Française de Développement have renewed a partnership to co-finance infrastructure and development projects across Africa through 2031. The agreement focuses on energy, transport, and digital infrastructure while emphasizing private sector growth and climate resilience.
Why it matters
This partnership represents a significant commitment to long-term economic development and regional connectivity in Africa, leveraging international cooperation to address infrastructure gaps.
The African Development Bank Group and Agence Fran aise de D veloppement (AFD) have signed a memorandum of understanding for 2026-2031, building on a partnership that has supported 17 jointly financed projects across 14 African countries since 2021. Signed on 10 November, on the sidelines of the Paris Peace Forum, the agreement aims to strengthen cooperation from the earliest stages of project development and maintain close alignment through implementation.
By jointly assessing prospective projects as early as possible and combining financing with project preparation, technical advice, policy dialogue and capacity building, the two institutions aim to build a stronger pipeline of investment-ready projects and programmes. They also intend to deepen collaboration on project management, monitoring 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