African Development Bank and African Forum of Deposit Funds partner for long-term financing

The African Development Bank Group and members of the African Forum of Deposit Funds have entered into a strategic partnership to mobilize long-term financing for Africa’s sustainable development and economic growth.

The cooperation framework aims to boost productive investment, strengthen economic resilience, and foster inclusive growth across the continent. By coordinating financing strategies and policy alignment, the institutions intend to address challenges such as geopolitical uncertainties, climate-related disruptions, global economic shocks, and market dependencies.

The alliance will focus on high-potential sectors to accelerate economic transformation, innovation, and competitiveness. The partnership leverages the complementary strengths of both organizations to expand development financing opportunities and support infrastructure, industry, agriculture, and social development.