First Independent Mena Newspaper
Clean Technology Fund approves $20 million investment for AfDB-sponsored Facility for Energy Inclusion The Clean Technology Fund (CTF) one of two multi-donor trust funds within the Climate Investment Funds (CIF) last week approved $20 million for the Facility for Energy Inclusion (FEI), a facility sponsored by the African Development Bank to provide sustainable financing for […]
The President of African Development Bank (AfDB), Akinwumi Adesina, challenged governments in Africa to play a leading role in providing jobs for Africans, saying it was time for African governments to begin to shift from youth empowerment to youth investment. Adesina who was speaking over the weekend at the 5th Tony Elumelu African Entrepreneurship forum […]
The African Development Bank (AfDB) has approved about $300 million to finance trade and economic development in the Common Market for Eastern and Southern Africa (COMESA). The $300 million support facility for the Eastern and Southern African Trade & Development Bank (TDB) was announced on Wednesday. According to AfDB, the COMESA regional trade and project […]
The Board of Directors of the African Development Bank has approved a €87.6 million loan to Senegal, to implement its Water Development Project for the development of value chains (PROVALE-CV). The loan will be co-financed by the Bank in the amount of €60.8 million (for a project whose total cost is estimated at €122 million) […]
In Ghana, the Green Climate Fund (GCF) has announced a $20 million grant to the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), a program for a climate action project to support women-led farmers’ associations and micro, small and medium enterprises in Ghana’s agricultural sector. The AFAWA Ghana project is designed to […]
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 […]
The Denmark-based global engineering company FLSmidth will participate in the construction of a new cement plant in the region of El Jadida under a subcontracting deal with the Moroccan company TEKCIM. Tekcim had won the tender to build the MAD 2.6 billion ($274 million) cement plant in Ouled Ghanem in the province of El Jadida, […]
The European Union and the African Development Bank (AfDB) have earmarked about €67 million to support the fight against climate change in Niger. The funding will support the Program for Integrated Development and Adaptation to Climate Change (PIDACC) in the Niger Basin. The funding agreement was signed by the Nigerien Minister of Planning, Kané Aichatou […]
The African Development Bank hosted earlier this week a symposium to mark the bank’s Climate Change and Green Growth Day. The symposium, the first of its kind, was held under the theme: “Moving from emergency relief to building resilience.” It came in the wake of two devastating tropical cyclones, Idai and Kenneth, which ripped through […]
In Mali, the African Development Bank (AfDB) have approved €11.14 million to improve climate resilience for 100,000 farmers in Mali and safeguard the ecosystems of the Niger River. The AfDB signed three grant agreements with the Malian authorities. The agreements include a €3.5 million grant from the Transition Assistance Facility (TAF), a €2 million grant […]