Africa: AfDB disburses $500 million for renewable energy

The African Development Bank (AfDB) has approved a loan of $500 million for Africa’s electrification through renewable energy. The Energy Inclusion Facility (EIF) will distribute the loan among major project promoters and off-grid suppliers across the continent. According to the pan-African financial institution, $100 million will go to off-grid providers to enable them expand their […]

Maroc Telecom gets €370 Mln funding from IFC to support operations in Chad, Mali

The International Finance Corporation has agreed to provide Maroc Telecom two loans totaling €370 million to enable the Moroccan telecom group support its subsidiaries in Chad and Mali. The IFC funding will help to enhance mobile connectivity and improve the quality of mobile internet. It will also support the rollout of 4G services, bringing faster, […]

Sudan conflict spillover complicates security landscapes in CAR and Chad

The bloody civil war and looming famine in Sudan are pushing thousands of civilians to flee to neighboring Chad and Central African Republic (CAR), whereby the spillover of the conflict is complicating a security landscape in both latter countries, UN officials and experts warn. Activities of armed groups in the volatile CAR have increased as […]