African Development Fund secures record $11bn replenishment, marking pivot toward investment-led growth
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has secured a record $11bn for its 17th replenishment (ADF-17)—the largest fundraising outcome in the Fund’s history—signalling a decisive shift toward investment-led development across the
AfDB calls on African nations to accelerate private capital mobilisation to close development financing gap
Rabat – African Development Bank (AfDB) President Sidi Ould Tah urged African governments and financial institutions to intensify efforts to mobilise private capital to bridge the continent’s widening infrastructure and development financing gap. Speaking at the opening of the 2025