The African Development Bank (AfDB) and Germany’s KfW Development Bank have signed an €18.4 million agreement to support the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF), a key driver of Africa’s regional infrastructure development.
This latest contribution brings KfW’s total funding to $58.14 million, reinforcing its commitment to sustainable infrastructure under the Programme for Infrastructure Development in Africa (PIDA PAP2).
Signed in Abidjan, the deal will accelerate cross-border infrastructure projects, with a strong focus on climate resilience, gender inclusion, and the African Continental Free Trade Area (AfCFTA). Christoph Tiskens of KfW praised NEPAD-IPPF’s track record, stating that the fund has made “remarkable progress” in advancing regional connectivity and green infrastructure.
Mike Salawou, AfDB’s Infrastructure Director, highlighted the agreement’s role in fast-tracking bankable, climate-smart projects, which are crucial for AfCFTA implementation and economic growth. The funding will help de-risk investments in renewable energy, transport corridors, and water systems, aligning with Agenda 2063 and the UN Sustainable Development Goals (SDGs).
This partnership underscores Germany’s leadership in global climate finance and the AfDB’s push for a greener, more integrated Africa. With COP30 and Africa Climate Summit outcomes in focus, such investments are critical for bridging Africa’s $100B+ annual infrastructure gap while ensuring low-carbon development.
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