AfDB and AFD sign co-financing agreement through 2031
By the AFREEQUE newsroom, based on La Nouvelle Tribune
Illustrative image · Steppe Walker · Pexels · Licence PexelsThe African Development Bank and the French Development Agency signed a co-financing agreement in Paris through 2031, focusing on energy, transport, water and regional connectivity. Since 2021, 17 projects have already been co-financed in 14 African countries, according to the AfDB.
The African Development Bank (AfDB) and the French Development Agency (AFD) signed a co-financing agreement on 10 November 2026 in Paris that runs through 2031. The document was signed by Sidi Ould Tah, president of the AfDB, and Christophe Lecourtier, director-general of the AFD, on the sidelines of the Paris Peace Forum, according to an AfDB statement.
The new agreement extends their cooperation launched in 2021, which had led to 17 co-financed projects in 14 African countries. The two institutions now plan to become involved from the project preparation stage and to develop guarantees and blended finance to attract public and private capital.
The priorities notably cover energy, transport, water, sanitation and regional connectivity, as well as agriculture, industry, critical minerals, digital infrastructure and artificial intelligence. Energy accounts for nearly half of the joint financing carried out since 2021, while the AFD has committed to providing 1 billion euros to “Mission 300”, an initiative aimed at connecting 300 million people to electricity in sub-Saharan Africa by 2030.
