AfDB and UK Export Finance sign pact to co-finance African projects
News · announcedFriday 23 October 2026
The African Development Bank and UK Export Finance signed an agreement on 21 October to co-finance projects in Africa. The partnership pairs multilateral and export-credit capital.
The co-financing deal adds export-credit capacity to AfDB project lending, which may ease funding for African infrastructure projects.
The African Development Bank announced it successfully completed its first dirham-denominated bond, worth about $100 million (MAD 1bn), as a private placement with qualified investors. The issue lets the institution diversify its Moroccan funding, which has mainly been in euros and dollars.
The African Development Bank issued a about $250 million (HKD 2bn) five-year social bond due 2031 on 28 October. It is the institution's second public Hong Kong dollar Wonton transaction.
The African Development Bank launched a HKD 2 billion five-year social bond due November 2031. The issue is a social bond placed in Hong Kong's market.
The African Development Bank raised $2.5 billion through a three-year benchmark bond priced on 21 October, with a 4.875% coupon and orders of $4.8 billion. Settlement is scheduled for 2 November 2026.
The African Development Bank raised $2.5 billion through a three-year global benchmark bond priced on October 21, 2026, maturing January 2030 at a 4.875% fixed coupon. Investor orders reached $4.8 billion, nearly twice the amount issued.
