# African Development Bank strategic partnerships

> Live situation record from CLSTR: https://clstr.news/situations/african-development-bank-strategic-partnerships
> Updated: 2026-10-24T13:57:16.000Z. Sources: 5. Developments: 2.

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.

## Timeline

### 2026-10-24: 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 sources. https://clstr.news/cluster/african-development-bank-and-uk-export-finance-sign-partnership

### 2026-10-13: 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.

3 sources. https://clstr.news/cluster/african-development-bank-partners-with-mashreq-to-boost-trade-finance

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Cite as: African Development Bank strategic partnerships. CLSTR, https://clstr.news/situations/african-development-bank-strategic-partnerships