AfDB Seeks $25 Billion for Low-Cost Loans as U.S. Scales Back Support
Quidah is an online platform that connects investors with curated opportunities and expert insights on Africa’s emerging markets, while offering businesses promotional services, partnership facilitation, and market intelligence to attract capital and grow their operations.
Industries
The African Development Bank opened a donor conference in London on December 15 to raise $25 billion for its African Development Fund (ADF), which provides concessional loans to low-income African countries. The Trump administration withheld a $197 million payment pledged in the prior funding round.
AfDB resource mobilization head Valerie Dabady said a $560 million grant funding gap could persist without U.S. commitment. Denmark increased its contribution 40% to 1.1 billion Danish crowns ($171 million); Kenya pledged $20 million last year. The U.S. contributed nearly 7% of the ADF's $8.9 billion 2022 replenishment.
