{"id":15776,"date":"2026-11-12T11:16:09","date_gmt":"2026-11-12T11:16:09","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/12\/afdb-afd-sign-five-year-deal-to-expand-infrastructure-financing-across-14-african-countries\/"},"modified":"2026-11-12T11:16:09","modified_gmt":"2026-11-12T11:16:09","slug":"afdb-afd-sign-five-year-deal-to-expand-infrastructure-financing-across-14-african-countries","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/12\/afdb-afd-sign-five-year-deal-to-expand-infrastructure-financing-across-14-african-countries\/","title":{"rendered":"AfDB, AFD sign five-year deal to expand infrastructure financing across 14 African countries"},"content":{"rendered":"<p>The African Development Bank Group (AfDB) and Agence Fran\u00e7aise de D\u00e9veloppement (AFD) have signed a new memorandum of understanding (MoU) for 2026\u20132031, building on a partnership that has supported 17 jointly financed projects across 14 African countries since 2021.<\/p>\n<p>According to a statement published on the AfDB website, the agreement was signed on November 10 on the sidelines of the Paris Peace Forum.<\/p>\n<p>It seeks to strengthen cooperation from the early stages of project development through financing and implementation, with both institutions aiming to expand the pipeline of investment-ready projects across the continent.<\/p>\n<h4><strong>AfDB and AFD expand cooperation<\/strong><\/h4>\n<p>Under the agreement, the institutions will jointly assess prospective projects and combine financing with project preparation, technical advice, policy dialogue and capacity building. They will also deepen collaboration on project management, monitoring and knowledge transfer.<\/p>\n<p>The partnership will focus on several priority areas:<\/p>\n<ul>\n<li>Energy transition infrastructure, transport, water and sanitation, and regional connectivity.<\/li>\n<li>Agriculture, industry, private sector development and entrepreneurship.<\/li>\n<li>Access to finance and job creation, particularly for women and young people.<\/li>\n<li>Critical minerals, pharmaceuticals and digital infrastructure.<\/li>\n<li>Data governance and the responsible use of artificial intelligence.<\/li>\n<li>Climate resilience, biodiversity, health, education and governance.<\/li>\n<\/ul>\n<p>AfDB President Dr Sidi Ould Tah said the partnership would help direct capital towards infrastructure, stronger African value chains and employment opportunities for young people.<\/p>\n<ul>\n<li>\u201c<em>The Paris Peace Forum is a fitting setting to renew our cooperation with AFD. Peace and development are built together, and delivering on Africa\u2019s priorities requires close collaboration,<\/em>\u201d he said.<\/li>\n<\/ul>\n<p>AFD Group Chief Executive Officer Christophe Lecourtier described the agreement as a new step in the institutions\u2019 relationship, noting that the partnership would support strategic infrastructure, particularly in energy and transport, as well as industrial development and long-term economic growth.<\/p>\n<h4><strong>Financing tools and projects across Africa<\/strong><\/h4>\n<p>The agreement also provides for greater cooperation on blended finance, guarantees, catalytic finance and carbon finance to attract additional public and private investment. The institutions will explore access to European financial instruments and co-financing platforms involving European institutions and African partners.<\/p>\n<p>The partnership builds on a relationship first formalised in 2008 and renewed in 2021. France joined the African Development Fund, the Bank Group\u2019s concessional financing window, in 1977 and the African Development Bank in 1983.<\/p>\n<p>Energy has accounted for nearly half of the institutions\u2019 joint financing since 2021. AFD has also committed \u20ac1 billion to Mission 300, an initiative of the AfDB and the World Bank aimed at connecting an additional 300 million people in sub-Saharan Africa to electricity by 2030.<\/p>\n<p>Their ongoing projects include:<\/p>\n<ul>\n<li>Qair solar projects in Chad, with a combined capacity of 30 MWp, and the 88 MW Kakono hydropower project in Tanzania.<\/li>\n<li>Complementary financing for the Abidjan-Lagos, Abidjan-Ouagadougou and Lobito corridors to strengthen trade and regional integration.<\/li>\n<\/ul>\n<p>The jointly financed Investment in Digital and Creative Enterprises programme in Nigeria, alongside the Single Window for SME Development and the Diversification, Accelerated Industrialisation, Competitiveness and Employment programme in C\u00f4te d\u2019Ivoire.<\/p>\n<p>Support for South African biopharmaceutical company Biovac as it expands local vaccine production and pharmaceutical manufacturing capacity.<\/p>\n<h4><strong>AfDB\u2019s recent financing in Nigeria<\/strong><\/h4>\n<p>The new agreement builds on AfDB\u2019s existing financing activities in Nigeria, including support for businesses, women-owned enterprises and economic reforms.<\/p>\n<p>Recent commitments include:<\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The African Development Bank Group (AfDB) and Agence Fran\u00e7aise de D\u00e9veloppement (AFD) have signed a new memorandum of understanding (MoU) for 2026\u20132031, building on a partnership that has supported 17&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15776","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=15776"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15776\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=15776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=15776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=15776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}