Projections for Africa’s average real GDP growth for 2023 and 2024 have been revised downwards. Growth is now projected at 3.4% in 2023 and 3.8% in 2024. These growth rates are lower than predicted in the 2023 AEO launched in May by 0.6 percentage points and 0.5 percentage points, respectively.

Urbanisation is the mega trend reshaping Africa. The continent’s population is rapidly growing and is expected to reach 4 billion people by the end of the century. This is coupled with unprecedented rural-to-urban migration, driven largely by young people.

The 2022 Joint Report on Multilateral Development Banks Climate Finance provides a comprehensive overview of climate finance commitments by MDBs. The report analyses climate finance provided in high-income economies, low and middle-income economies, and least developed countries.

This Country Focus Report (CFR) for Ethiopia reviews the role of the private sector in the financing of climate change and green growth. It explores the scope for harnessing natural capital to finance adaptation and mitigation to climate change and to promote green growth.

This Country Focus Report (CFR) for South Africa reviews the role of the private sector in financing climate change and green growth. It further explores the scope for harnessing natural capital to finance adaptation and mitigation to climate change and to promote green growth.

In 2020, the African Development Bank (AfDB) and the Green Growth Knowledge Partnership (GGKP) joined forces with the World Wide Fund for Nature (WWF) and the Economics for Nature (E4N) team to launch the Natural Capital for African Development Finance (NC4-ADF) initiative to lay the foundation for mainstreaming natural capital in African develo

This report intends to explain how a just transition can be accomplished in Africa. It provides the necessary regional environment for readers to recognise these specific challenges and opportunities. It also highlights what the African Development Bank (AfDB) is doing to push for development in Africa and just for transition.

Central Africa achieved real GDP growth of 5.0 percent in 2022, compared with 3.4 percent in 2021. The rebound in economic activity was driven by favourable prices for raw materials, in a region that is home to net exporters of crude oil, minerals and other commodities.

West Africa experienced slower economic growth over the past year except for Cabo Verde, The Gambia, Guinea, Mali, and Niger, according to the African Development Bank’s 2023 West Africa Economic Outlook report.

The African Development Bank’s East Africa Economic Outlook 2023 reviews the economic performance of 13 Eastern African countries over the past year. The countries are Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda.