Norway has reaffirmed its commitment to Africa’s development by pledging more than three billion Norwegian kroner (about $300 million) to the African Development Fund (ADF) for the 2026–2028 replenishment cycle (ADF-17).
According to a statement released on Tuesday, the funding will help boost economic resilience, strengthen institutions, and reduce poverty in 37 low-income African countries.
Norway’s Minister of International Development, Åsmund Aukrust, said the contribution reflects Norway’s dedication to sustainable development, job creation, and inclusive growth.
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“We know that having a job to go to, a living wage, and a decent working life is the most important way to help oneself out of poverty,” Aukrust stated.
He described the ADF as a key tool for promoting inclusive growth, governance reforms, private investment mobilisation, and improved domestic revenue generation.
“The aim of our involvement in the African Development Fund is to contribute to more resilient economies and stable societies,” he said.
Aukrust also noted growing African ownership of the fund, with 25 African countries now contributing resources compared to none when it was established in 1972.
“This is an expression of the fact that many countries in Africa have had and continue to experience economic growth, which is crucial for stability and welfare, especially for young populations,” he said.
The ADF, the concessional financing arm of the African Development Bank Group, provides grants and low-interest loans to support infrastructure, energy, agriculture, industrialisation, regional integration, job creation, and economic governance across Africa.
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