AfDB and Arab Funders Unite to Close Development Finance Gap

The African Development Bank partnered with Arab development finance institutions to tackle Africa’s growing financing shortfall and support large-scale investment projects. (Ivory Coast, continent-wide)

In Abidjan talks with the Arab Coordination Group, the AfDB outlined plans to mobilise long-term capital for infrastructure, industrialisation, and job creation across Africa. The collaboration with partners like the OPEC Fund and Saudi Fund for Development aims to finance regional projects and reduce reliance on fragmented donor support, especially in transport, agriculture, and sanitation. This alliance could energise cross-border ventures and property investment by unlocking capital.