Also known as: AfDB · African Development Bank Group
Multilateral development bank financing Namibia's infrastructure, climate resilience, and skills development through partnership and concessional lending.
The African Development Bank has approved a US$10 million loan to Hyphen Hydrogen Energy for detailed engineering studies on Namibia's green hydrogen and ammonia project near Lüderitz, a development that could create 15,000 construction jobs and 3,000 permanent positions while producing up to two million tonnes of green ammonia annually for export.
22 January 2026 · New Era →
The African Development Bank has approved a US$10 million loan to Hyphen Hydrogen Energy for detailed engineering studies on Namibia's green hydrogen and ammonia project near Lüderitz, a development that could create 15,000 construction jobs and 3,000 permanent positions while producing up to two million tonnes of green ammonia annually for export.
22 January 2026 · New Era →
The Development Bank of Namibia recorded a 42% increase in operating profit from N$62 million in 2023/24 to N$88.3 million in 2024/25, reflecting strong cost discipline and enhanced recoveries. The bank also secured significant new funding, including N$607 million from KfW Green Credit Line II and became the first Namibian institution accredited by the Green Climate Fund.
22 January 2026 · Informanté →
The Development Bank of Namibia reported a 42% increase in operating profit to N$88.3 million for 2024/25 and secured significant international funding, but opposition lawmakers questioned whether strong financial results are translating into inclusive development, particularly in historically marginalised regions.
21 January 2026 · New Era →
The Development Bank of Namibia has cleaned up its balance sheet by writing off about N$579 million in non-performing loans during the 2024/25 financial year as it navigates a complex economic environment with a shrinking loan book. The bank's net interest income contracted by 25% year-on-year, though it is shifting towards climate financing and prioritising support for SMEs.
21 January 2026 · The Namibian →
The Development Bank of Namibia approved N$912.7 million in funding and supported the creation of 1,429 jobs during the 2024/25 financial year, with support for 49 SME projects including allocations to women-owned and youth-owned enterprises across multiple regions. The bank achieved accreditation with the Green Climate Fund and secured additional funding through KfW and the African Development Bank, reporting a 42% increase in operating profit to N$88.3 million.
20 January 2026 · The Namibian →
The OPEC Fund for International Development held an official mission in Côte d'Ivoire to strengthen cooperation with the African Development Bank, with the two institutions signing an amended Memorandum of Understanding to deepen collaboration across public and private sector operations, co-financing and knowledge exchange. The partnership, spanning nearly five decades, has supported 120 projects across energy, transport, agriculture, water, health, education and financial sectors with US$1.5 billion in co-financing.
14 January 2026 · New Era →
Ethiopia has begun building what Prime Minister Abiy Ahmed describes as Africa's biggest airport in Bishoftu, southeast of Addis Ababa, at a cost of around $12.7 billion. The facility is expected to handle 110 million passengers annually when complete in five years, and will include a motorway and 38-kilometre high-speed railway link to the capital.
12 January 2026 · New Era →