Source: African Development Bank Group (AfDB) |

African Development Bank Group approves $379.6 million Desert to Power financing facility for the G5 Sahel countries

The facility is expected to result in 500 MW of additional solar generation capacity and facilitate electricity access to some 695,000 households

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages to commit up to $379.6 million in financing and technical assistance for the facility over the next seven…

Source: African Development Bank Group (AfDB) |

Desert to Power G5 Sahel Financing Facility receives $150 million from Green Climate Fund

The initiative is expected to lead to substantial CO2 emission reductions – projected at over 14.4 million tCO2equ

The African Development Bank (www.AfDB.org) has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund (GCF). The GCF approved the amount at its 30th Board meeting this week. Desert-to-Power is a flagship renewable energy and economic development initiative led by the African…

Source: African Development Bank Group (AfDB) |

African Development Bank Group’s $6 million grant kicks off Desert-to-Power West Africa Regional Energy Program

Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by harnessing the region’s abundant solar potential

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $6 million grant to launch the initial phase of the Desert to Power West Africa Regional Energy Program. Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by harnessing the…

Source: African Development Bank Group (AfDB) |

African Development Bank scoping study identifies opportunities for private sector participation in Africa’s climate agenda

The study was produced in partnership with the Fund for African Private Sector Assistance and launched during a virtual African Development Bank webinar held on 1 July 2021

A recently published African Development Bank (www.AfDB.org) scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation. The study, NDC implementation in Africa through green investments by private sector - A Scoping Study, was…

Source: African Development Bank Group (AfDB) |

Covid-19: African countries win the race against time with testing laboratories

Daily testing capacity of African countries rose from 13,200 at the beginning of the epidemic to 105,000

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and…

Source: African Development Bank Group (AfDB) |

African Development Bank provides $320 000 in grant funding to mainstream gender in Economic Community of West African States' (ECOWAS) digital financial operations

The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank

The Board of Directors of the African Development Bank (www.AfDB.org) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks. The funds will support a gender gap analysis of several WAMA strategies including those for…

Source: African Development Bank Group (AfDB) |

The African Development Bank: a strategic partner in developing resilience and sustainable energy in the Sahel region

The Sahel Alliance has invited the African Development Bank to lead a working group on agriculture, rural development and food security

The Sahel Alliance will hold its second general assembly in N'Djamena, Chad on Monday, 15 February 2021. The meeting will take place on the side-lines of a summit for the G5 Sahel countries— Burkina Faso, Mali, Mauritania, Niger, Chad—as well as France. The African Development Bank (www.AfDB.org) played an active…

Source: African Development Bank Group (AfDB) |

Supporting Public Private Partnerships in Africa: African Development Bank ready to scale up

The African Development Bank estimates Africa’s infrastructure financing needs at up to $170 billion a year by 2025

Representatives of the African Development Bank (www.AfDB.org), governments, Development Finance Institutions, the private sector and  professional associations joined a September 8 workshop to discuss how the Bank can strengthen support for Public Private Partnerships and channel greater investment toward economic and social infrastructure. The event, titled Designing the African Development…

Source: African Development Bank Group (AfDB) |

Burkina Faso : la filière du karité majoritairement féminine réalise plus de 60 millions de dollars d’exportations

Les revenus des exportations de la filière sont ainsi passés de 52,7 millions de dollars américains en 2016 à 61,8 millions de dollars en 2019

Le Projet d’appui au développement intégré de la filière karité pour l’autonomisation économique des femmes (PADIFK), mis en œuvre entre 2016 et 2019 au Burkina Faso, a stimulé les exportations des produits du karité, selon un rapport de la Banque africaine de développement (www.AfDB.org) publié le 16 juillet. Le PADIFK,…

Source: African Development Bank Group (AfDB) |

Financial, development and humanitarian arms provide $20 million to curb the impact of COVID-19 on refugees and their hosts in the Sahel

There are 3.1 million refugees, internally displaced persons, returnees and people at risk of statelessness in the Sahel

Public health, the wellbeing of refugees and the host communities in the Sahel are at the heart of the latest tripartite agreement between the African Development Bank (AfDB) (www.AfDB.org), UNHCR, the UN Refugee Agency and the G5 Sahel signed today. The agreement enables a critical $20 million COVID-19 response across…