• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Denmark Boosts Support for Africa with DKK 1.1bn Pledge to AfDB Fund

Olusola Blessing by Olusola Blessing
October 5, 2025
in Business, News
0
AfDB Warns of $39.8bn Foreign Funding Decline to Africa in 2025 Amid Global Aid Cuts
Share

Denmark has pledged DKK 1.1 billion to the African Development Fund’s 17th replenishment (ADF-17), marking a 40 percent increase from its previous support and reaffirming its long-standing commitment to Africa’s development. The announcement was made on the sidelines of the 2025 Nordic-African Foreign Affairs Ministers’ Meeting, where Danish Foreign Minister Lars Rasmussen highlighted the importance of strong multilateral cooperation in tackling Africa’s most pressing challenges.

Rasmussen said the pledge reflects Denmark’s belief in the Fund’s crucial role in transforming lives across the continent, particularly in creating jobs for Africa’s youth and strengthening resilience in fragile contexts. He urged other nations to join Denmark in supporting the replenishment, stressing that collaborative action is essential to address global development and climate challenges.

The President of the African Development Bank, Dr. Sidi Ould Tah, welcomed Denmark’s early commitment, describing it as a vote of confidence in the Fund’s impact and a shared vision for inclusive growth and resilience. “This 40 percent increase reflects not only trust in the Fund’s impact, but also a shared vision of inclusive development, resilience, and opportunity for Africa’s most vulnerable countries,” he said.

The African Development Fund, the concessional arm of the AfDB, has invested more than $45 billion since 1972 in 37 low-income African countries. Its support has been critical to advancing energy access, transport infrastructure, agriculture, governance, and regional integration — areas essential for unlocking sustainable growth and reducing poverty.

Denmark’s contribution is closely aligned with its new Africa Strategy, *The African Century, Partnerships of Equals*, which prioritises climate adaptation, private sector investment, and the development of regional markets. The strategy reflects a shift towards mutually beneficial partnerships that empower African countries to lead their development agendas while addressing global challenges.

The ADF-17 replenishment session, scheduled for December, will see development partners confirm their financial commitments. Denmark’s early pledge is expected to set the tone for a successful replenishment, encouraging other donors to scale up their support in line with Africa’s development priorities and global goals.

For Africa’s small businesses and emerging industries, this boost in funding could have far-reaching implications. Increased investment in infrastructure, agriculture, and climate resilience would expand opportunities for MSMEs, improve market access, and create a more enabling environment for private sector growth. As African economies strive to recover and build resilience, partnerships like Denmark’s offer a vital lifeline for inclusive and sustainable development.

Post Views: 7
Share

Related Posts:

  • African Development Fund mobilizes $8.9 billion for Africa’s low-income countries, the highest in its 50-year history
    African Development Fund mobilizes $8.9 billion for…
  • Denmark Eyes Investment Opportunities in Enugu State, Commits to Expanding Business Ties
    Denmark Eyes Investment Opportunities in Enugu…
  • Call For Applications: African Development Fund ( ADF ) Climate Action Window : 2025
    Call For Applications: African Development Fund (…
  • AfDB, Korea sign $28.6m grant agreement to support Africa’s development
    AfDB, Korea sign $28.6m grant agreement to support…
  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
Tags: African Development BankDenmarkMSMEs
Previous Post

Nigeria Gets $876 Million USAID Support , Third in Africa

Next Post

Student Innovators Win N250,000 at Ibom Innovation Challenge with Remote Fish Farming Solution

Next Post
Student Innovators Win N250,000 at Ibom Innovation Challenge with Remote Fish Farming Solution

Student Innovators Win N250,000 at Ibom Innovation Challenge with Remote Fish Farming Solution

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • FG Launches Downloadable TVET ID Cards for 58,000 Trainees
  • Student Innovators Win N250,000 at Ibom Innovation Challenge with Remote Fish Farming Solution
  • Denmark Boosts Support for Africa with DKK 1.1bn Pledge to AfDB Fund
  • Nigeria Gets $876 Million USAID Support , Third in Africa
  • Kano Spends N800m on Training to Strengthen Livestock Sector and Boost Food Security

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.