African-development-Bank

Africa: $11bn mini-grids fund to bring energy to 100 million people

Crossboundary Energy Access (CBEA), Africa’s first project financing facilities for mini-grids, is planning to unlock more than $11 billion from investors to bring electricity to at least 100 million people on the continent. The new financing facility attracted $16 million in its first close – enough to fund mini-grids that could connect 170,000 people, according […]

DRC: Top Court Confirms Felix Tshisekedi Winner; Opposition Cries Foul

The constitutional court of the Democratic Republic of Congo has confirmed the victory of Felix Tshisekedi in the presidential election, while dismissing a challenge from opposition leader Martin Fayulu. The Court “proclaims by a simple majority Félix Tshilombo Tshisekedi President-elect of the Democratic Republic of Congo”, said the institution’s President, Benoît Lwambwa Bindu. Martin Fayulu […]

Volkswagen Reportedly Chooses Morocco not Algiers

It seems that Morocco has won another battle against its neighbouring arch-rival Algeria, member of the OPEC cartel. After months of secret negotiations with the two countries, German automaker Volkswagen is believed to have finally picked Morocco to install its new plant following suit of French groups Renault and Peugeot-Citroen. According to sources close to […]