Algiers, December 25, 2025 – The OPEC Fund for International Development has approved a joint financing program with the African Development Fund (ADF), part of the African Development Bank Group, committing nearly $2 billion to support Africa’s most vulnerable nations. The initiative is slated to run from 2026 to 2030.
According to a statement released by the OPEC Fund, this collaboration with the ADF aims to invest in key development pathways. These include energy, food security, climate change adaptation, and human capital development. These areas are considered fundamental pillars for fostering sustainable growth and enhancing stability across the continent.
“The OPEC Fund has a long-standing commitment to Africa,” stated OPEC Fund Director-General Abdulhamid Alkhalifa. He emphasized the Fund’s dedication to continuing to provide highly concessional financing to the least developed African countries.
Alkhalifa further noted that Africa remains a central focus of the OPEC Fund’s development mission. He reaffirmed the Fund’s commitment to providing long-term, affordable financing to the neediest nations across the continent.
The statement highlighted that Africa constitutes the largest regional share of the OPEC Fund’s portfolio. Since its establishment in 1976, the Fund has approved over $14.6 billion in financing for projects in African countries. The OPEC Fund intends to expand its operations and focus primarily on the continent as part of its strategic development vision for 2030. This investment underscores the Fund’s commitment to long-term sustainable development in the region.
