The African Development Bank lends money to African countries to carry out large scale projects. It released information on more than 70 new projects in 2022, according to its quarterly operations summary reports.
These summaries are typically published three to four times a year and include the bank’s proposed and approved projects — meaning that the projects listed in these documents are either already approved by the bank’s board of directors during the last six months or are to be submitted for the board’s approval in the next six months.
Figures in the QOS are not final. Information such as loan amounts and project status are constantly being updated until the project reaches its approval stage. The figures used in this article give the latest loan amount of the project in its new project stage from the most recent QOS release.