Skip to main content

G20 Summit: Norway reaffirms support to Africa’s development with NOK 3.1 billion pledge to the African Development Fund’s seventeenth replenishment

 Norway reaffirmed its long-standing commitment to Africa’s low-income countries with a NOK 3.1 billion pledge to the African Development Fund’s seventeenth replenishment (ADF-17). The announcement, made during the Global Citizen Now: Johannesburg event, held on 21 November, was later reiterated in a bilateral meeting between Norwegian Prime Minister Jonas Gahr Støre and African Development Bank Group President Dr. Sidi Ould Tah.


The pledge includes a core ADF-17 contribution of NOK 2,377 million, representing a 5.79 percent increase from ADF-16. Norway also confirmed continued support to the Fund’s Climate Action Window with a commitment of NOK 150 million. Earlier in 2025, Norway contributed NOK 50 million to the Climate Action Window becoming its fifth investor.

Dr. Sidi Ould Tah welcomed the announcement, saying: “Norway has been a highly valued partner of the African Development Fund. My discussion with the Prime Minister underscored our shared focus on youth opportunity, sustainable growth, and strong partnerships. Norway’s support to ADF-17 will help the Fund expand its impact at a decisive moment for Africa’s most vulnerable economies.”

Norway has participated in every replenishment of the African Development Fund since joining in 1973 and continues to prioritize core support that enhances predictability and responsiveness. According to the Norwegian Government’s official statement, this contribution reflects Norway’s commitment to improving access to food, electricity, water and sanitation, health services, education, and jobs for people living in the world’s most vulnerable contexts.

In the Norwegian government’s official statement, Prime Minister Jonas Gahr Støre said: “All countries share a responsibility to work to build a more peaceful and more equitable world. This funding will go towards improving the lives of some of the world’s poorest people. It will be used, among other things, to provide people with access to food, electricity, water and sanitation, health services, education and jobs.”

Norway further noted that the contribution forms part of the follow-up to its 2024 strategy for engagement with African countries. Norway recognizes the African Development Fund’s integral role in initiatives such as Mission 300, which aims to expand electricity access to 300 million people in Africa by 2030.

The African Development Fund is the concessional window of the African Development Bank Group and a key source of financing for 37 low-income African countries. Since 1972, it has supported essential investments in energy, transport, agriculture, regional integration, and governance through grants, highly concessional loans, and guarantees.

The seventeenth replenishment of the African Development Fund will be finalized at a pledging session in London from 15 to 16 December 2025, when development partners will confirm their contributions.

Labels:

Comments

Post a Comment

Popular posts from this blog

UK-Ghana Trade & Investment Summit: Trade Resource Centre to help businesses maximise UK-Ghana trade opportunities

 In a significant boost to UK-Ghana trade and investment relations, the UK-Ghana Chamber of Commerce (UKGCC), in partnership with the UK-Ghana Jobs and Economic Transformation (JET) Programme, has launched the UK-Ghana Trade Resource Centre, a practical market-access platform designed to help businesses identify opportunities, navigate export requirements and build commercial partnerships between Ghana and the United Kingdom. The UK and Ghana enjoy strong trade relations, with total bilateral trade reaching approximately £1.6 billion in the year to Q1 2026. Yet, despite this progress, significant untapped opportunities remain for businesses in both countries. The Trade Resource Centre has been established to help bridge information gaps, connect businesses with the right partners, and support firms to take greater advantage of opportunities under the UK-Ghana Trade Partnership Agreement. The launch formed one of the major outcomes of the UK-Ghana Trade & Investment Summit 2026,...
Post a Comment
Read more

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican...
16 comments
Read more

NESCAFÉ Launches Real Vibes Text & Win Promo to Reward Coffee Consumers Across Ghana

 NESCAFÉ has launched the Real Vibes Text & Win Promo, an exciting consumer promotion designed to reward loyal coffee lovers and bring the brand’s My Coffee, My Vibe experience even closer to consumers across the country. Running from September to December, the promotion gives consumers the opportunity to enjoy their favourite NESCAFÉ coffee while standing a chance to win exciting prizes, including phones, motorcycles, airtime and the ultimate grand prize—an electric SUV. Speaking at the launch, Lily Ntim, Category Development Manager for NESCAFÉ, said the promotion reflects NESCAFÉ’s commitment to creating, rewarding and memorable experiences for consumers. “Today, we are excited to introduce the NESCAFÉ Real Vibes Text & Win Promo, a campaign designed to bring the My Coffee, My Vibe experience even closer to our consumers,” she said. She added that the campaign is not only about prizes, but also about celebrating the everyday moments consumers enjoy with their coffee. “T...
Post a Comment
Read more