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2 clusters · 5 sources · 12 days · First seen · Last updated

African Development Bank strategic partnerships

Overview

The African Development Bank Group has entered into new agreements to expand financial support and infrastructure investment across the continent.

In mid-October, the Bank signed a confirming bank agreement with Dubai-based Mashreq to address the African trade finance gap, which was estimated between $74 billion and $92 billion in 2024. This partnership utilizes the Bank’s AAA rating to support cross-border trade flows and assist local African banks.

By late October, the Bank signed a Memorandum of Understanding with UK Export Finance (UKEF) in Guinea. This agreement establishes a framework for co-financing sovereign and non-sovereign projects, targeting sectors such as energy, infrastructure, healthcare, agriculture, and digital development to mobilize capital for sustainable growth.

Entities

African Development Bank Group · Tim Reid · Abdul Kamara · Joel Van Dusen · Mashreq

Timeline

  1. [BUSINESS] 2 sources
    African Development Bank and UK Export Finance sign partnership

    The African Development Bank and UK Export Finance have signed an MoU to co-finance strategic infrastructure, energy, and healthcare projects across Africa.

  2. [BUSINESS] 3 sources
    African Development Bank partners with Mashreq to boost trade finance

    The African Development Bank Group and Dubai-based Mashreq have partnered to boost African trade finance through a new confirming bank agreement.

Sources

financesao.com · lemarche.finance · lnt.ma · maravipost.com · theheritagetimes.com