A new AfDB partnership with African deposit funds aims to mobilize long-term capital for infrastructure, jobs and climate resilience, but no projects are funded yet.
The African Development Bank’s climate chief warned on July 26 that a potentially severe El Niño could cause $10 billion to $20 billion in economic losses across affected African countries and increase migration pressure.
Zambia’s $1.36 billion bond buyback won broad support and is tied to up to $275 million for grid upgrades, but delivery and utility finances remain critical.
A €100 million African Development Bank loan moves Morocco’s planned battery plant into a financed development phase, but construction and jobs remain ahead.
