28-05-2025
AfDB secures record $11 billion in new investments for 2024–2025
The African Development Bank (AfDB) has announced a record $11.1 billion in new investments for 2024–2025.
The African Development Bank (AfDB) has announced $11.1 billion in investments for 2024-2025, marking record new commitments.
$5.5 billion of the funding is devoted to climate finance to promote inclusive growth and resilience.
The Bank's progress aligns with its High 5 strategic pillars, including energy access, food security, industrialization, integration, and quality of life improvement.
The African Development Bank (AfDB) has announced a record $11.1 billion in new investments for 2024–2025, as revealed in its latest Annual Development Effectiveness Review, a comprehensive assessment of the Bank's impact over the past year in advancing development across the continent.
This marks the highest volume of new commitments in the Bank's history, reinforcing its position as a key financier of Africa's development goals.
Of the total, $5.5 billion has been allocated to climate finance, highlighting AfDB's central role in promoting inclusive growth and building resilience across Africa.
The report outlines progress made under the Bank's five strategic pillars — known as the High 5s: Light Up and Power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.
This year's review also reflects the sharper focus of the Bank's new Results Management Framework (2024–2033), featuring a more streamlined set of indicators. These cover cross-cutting priorities such as youth empowerment, gender equality, economic governance, climate action, and resilience.
"Africa's potential is boundless, but realising the opportunities requires strategic investments at scale. In a world confronting its own challenges, this is the moment for African institutions like the Bank to take the lead in driving the continent's transformation,' Dr. Akinwumi A. Adesina, President of the African Development Bank Group said.
Impact report
According to the report, 14 million people accessed improved healthcare services, while 5 million gained clean water. The Bank's investments created 260,000 direct jobs, reinforcing livelihoods across sectors.
In transport, 3.5 million people benefited from improved access, strengthened trade corridors and supported regional integration under the African Continental Free Trade Area (AfCFTA).
Energy access also expanded, with nearly 1 million people connected to electricity and over 1GW of new generation capacity, mostly from renewable sources.
In agriculture, 1.5 million farmers adopted climate-smart technologies and 25,000 agribusinesses received support, boosting food security and climate resilience.
