African Development Bank achieves highest rating on proposed hybrid capital issuance

The African Development Bank Group has received global recognition for its planned hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing.
The S&P Global Ratings assigned an AA-rating to the Bank's initiative, the highest rating for hybrid capital. The proposed...

Samia Ben Abdallah, the Tunisian entrepreneur who dreams of conquering the world with her AWA leather goods brand

Methodical, thoughtful and rigorous, Samia Ben Abdallah Ben Khalifa never rushes into anything. In 2017, the graduate of the National School of Architecture and Urban Design in Tunis launched her own business: AWA, for “Architect with Artisan”, a line of leather goods and various accessories.

Guinea: Transitional government and African Development Bank Group sign $28 million loan agreement for agropastoral development, digitization and...

The African Development Bank Group signed an agreement with the transitional government in Guinea for a $28 million loan to support agropastoral development, digitization and market access in the West African country.

Mozambique’s $170 Million Negomano-Roma Road project unveiled, marking a major milestone in enhancing trade between Mozambique and Tanzania

Mozambican President Filipe Jacinto Nyusi has commissioned a key link road funded by the African Development Bank. Completion of the Negomano-Roma Road, in the country’s northern province, is already enabling communities in the Mueda district of the northern Cabo Delgado region to enjoy improved road...

Tonga: Staff Concluding Statement of the 2023 Article IV Mission

The Tongan economy is rebounding strongly from a major double shock in early 2022. After an estimated contraction of 2 percent in FY2022, real GDP is estimated to have expanded by 2.6 percent in FY2023 (July 2022-June 2023). The bold policy support measures deployed in response to the Hunga Tonga?Hunga Ha’apai (HTHH) volcanic eruption-tsunami and the local COVID-19 outbreak in January-February 2022, together with aid from the international community, were instrumental in mitigating the socioeconomic fallouts. The post-HTHH recovery in FY2023 has been driven by strong domestic demand and a pickup in tourist arrivals following the border reopening in August 2022.