First Independent Mena Newspaper
The African Development Bank has asked the Coalition for Green Capital (CGC) to make a study on the creation of national climate change funds and green banks in Africa. CGC will work with six African countries to conduct feasibility studies for the project, which was launched at the Green Bank Design Summit held in Paris […]
Morocco has received in 2019 loans from the African Development Bank (AfDB) worth 3 billion dollars funding 35 projects, bringing total loans by the African development finance institution to 10 billion dollars since the 1970s. AfDB’s funding makes Morocco on top of the list of beneficiaries of loans which covered areas such as energy, transport, […]
The African Development Bank (AfDB) has announced a contribution of $267 million to finance the implementation of the Priority Investment Program (PIP) of the G5 Sahel. The Priority Investment Program is a 14.8-billion-dollar program addressing development needs in governance, security, economic resilience, and infrastructure in the Sahel region. The program aims to improve the living […]
The Angolan government plans to install about 30,000 solar photovoltaic systems in rural areas to produce 600 MW of electricity in the Central African nation. According to Angolan Minister of Energy and Water, João Baptista Borges, the government was considering increasing the rate of access to electricity, especially in rural areas. Currently, less than 40% […]
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 […]