Norway has announced a contribution of more than $300 million (over NOK 3 billion) to the African Development Fund (ADF), while reinforcing its support for low-income countries across Africa in efforts to reduce poverty, strengthen institutions, and build resilience against future crises.

The funding, which covers the 2026–2028 period under the ADF17 replenishment cycle, will be channelled through the African Development Fund, the concessional arm of the African Development Bank Group, supporting 37 of the continent’s poorest countries.

According to the Norwegian Embassy in Abuja, the investment is aimed at promoting inclusive economic growth, job creation, climate adaptation, and stronger public financial management systems in recipient countries.

Åsmund Aukrust, minister of International Development, said the intervention reflects Norway’s long-term development philosophy focused on employment and economic empowerment.

“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… The African Development Fund is an important player in achieving this,” Aukrust said.

He added that the fund’s credibility among African countries makes it an effective channel for development assistance.

According to the statement, a key component of the African Development Fund’s work is helping governments strengthen economic governance and improve domestic revenue generation, particularly through tax systems and public financial management reforms.

Officials say improved revenue mobilisation is essential for attracting private sector investment, which in turn drives job creation—a central pillar…