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African Development Bank Group (AfDB)

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    • The African Development Bank's Covid-19 Off-Grid Recovery Platform has received $20 million in concessional investment to support rollout of its second phase
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Source: African Development Bank Group (AfDB) |

Global Environment Facility, African Development Bank’s Sustainable Energy Fund for Africa (SEFA) provide $20 million to expand Covid-19 Off-Grid Recovery Platform

The Covid-19 Off-Grid Recovery Platform is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts of the pandemic

The Board of Directors of the African Development Bank Group  (https://www.AfDB.org) has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP) (https://bit.ly/3qXLziV). The CRP is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts…

African Development Bank Group (AfDB)

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    • Pr.Kevin Chika Urama, African Development Bank's Acting Chief Economist and Vice President for the Economic Governance and Knowledge Management speaking at the panel "African countries ownership in determining climate agenda" on the sidelines of Egypt International Cooperation Forum (Egypt-ICF 2022)
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Source: African Development Bank Group (AfDB) |

Africa loses up to 15% of its Gross Domestic Product (GDP) per capita annually because of climate change –African Development Bank Acting Chief Economist Kevin Urama

Urama highlighted that since the 1850s, countries have managed to transition away from coal, and used gas as a transition to cleaner energy

Africa has been losing from 5 to 15% of its GDP per capita growth because of climate change and its related impacts, but needs about $1.6 trillion between 2022 and 2030 to meet its nationally determination contributions [1], says African Development Bank Group (www.AfDB.org) Acting Chief Economist and Vice President…

African Development Bank Group (AfDB)

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    • African and other global leaders gather in Rotterdam for GCA summit ( September 5, 2022)
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Source: African Development Bank Group (AfDB) |

“Africa has a Fever” – Former United Nations (UN) Secretary General Ban Ki-moon

African and other global leaders meeting in Rotterdam say the continent is at a tipping point for climate adaptation action

Two months to the 27th global climate summit (COP27) in Sharm El-Sheik, Egypt, African and other global leaders have rallied in Rotterdam, to highlight the urgency of climate adaptation funding for the continent. The meetings—co-convened by the President of the African Development Bank Group Dr Akinwumi Adesina, CEO of the…

African Development Bank Group (AfDB)
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Mozambique: African Development Bank Vice-President Quaynor meets with government at outset of new country strategy

Discussions covered the bank’s country strategy for Mozambique, recent reforms the government has undertaken, and the country’s strategic energy and transport sectors in particular

African Development Bank (www.AfDB.org) Vice-President for Private Sector, Infrastructure and Industrialization, Mr. Solomon Quaynor, officially visited Mozambique last week. He met with Mozambican government representatives and members of the private sector. Discussions covered the bank’s country strategy for Mozambique, recent reforms the government has undertaken, and the country’s strategic energy…

African Development Bank Group (AfDB)

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    • From left: AfDB Vice President Solomon Quaynor, AfDB Vice President Kevin Kariuki, AfDB Zimbabwe Country Manager Moono Mupotola, Ministro Mthuli Ncube, Ministro Soda Zhemu, Vice-Ministro Mike Madiro e Vice-Ministro Vangelis Haritatos
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Source: African Development Bank Group (AfDB) |

Zimbabwe: Senior African Development Bank Officials Highlight Private Sector Development, Renewable Energy Opportunities

Discussions covered developing the private sector and ways Zimbabwe could best tap its renewable energy resources

Senior African Development Bank (www.AfDB.org) officials recently undertook a three-day business mission to Zimbabwe. The bank’s vice president for power, energy, climate and green growth, Dr Kevin Kariuki, and its vice president for private sector, infrastructure and industrialization, Mr. Solomon Quaynor, both met with senior Zimbabwean government officials and business…

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    • Sherwood Substation 175 MVA transformer financed under ZimFund phase II power project being shipped to Zimbabwe
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Zimbabwe: ZimFund $23 Million Power Project Ready to Roll with Delivery of New Transformer

The transformer was delivered on Sunday 10 July to the Sherwood Substation in Kwekwe Midlands Province, about 200km to the west of Harare

An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund (https://bit.ly/3yYLBMq), has reached the last leg of implementation with the delivery of a 175 MVA transformer, signaling relief from constant power outages for thousands of customers in the Midlands, Mashonaland East & West provinces of Zimbabwe. The transformer was delivered on…

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    • The functioning of Comoros’ electricity network has improved significantly in recent years, thanks to an African Development Bank-supported project
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Source: African Development Bank Group (AfDB) |

The African Development Bank is Supporting Improvements to the Power Grid in the Comoros

The project aims to respond to a twofold challenge in the energy sector in the Comoros

The Comoros Energy Sector Support Project has helped improve the country’s power grid. Approved in 2013, the project aims to respond to a twofold challenge in the energy sector in the Comoros. At the time, electricity access was around 50% of the population, and unevenly split between the three islands…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Joint Statement of the Government of the Republic of South Africa and the African Development Bank in relation to South Africa’s Just Energy Transition process

The African Development Bank is playing a leading role in supporting African countries on their just energy transition journeys with policy advice, technical assistance, and financing

South Africa submitted an ambitious Nationally Determined Contribution (NDC) prior to COP 26. At COP26, the South African government also forged the Just Energy Transition Partnership (JETP) jointly with the governments of the United Kingdom, the United States, France, Germany and the European Union. Under the JETP, partner governments pledged…

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    • Ghana signs grant agreement with African Development Fund, government of Switzerland, to support development of mini-grids and solar PV net metering
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Source: African Development Bank Group (AfDB) |

Ghana signs grant agreement with African Development Fund, government of Switzerland, to support development of mini-grids and solar PV net metering

The agreements, for the development of 35 mini-grids and stand-alone solar PV systems, were signed on Wednesday 25 May at a short ceremony held on the sidelines of the African Development Bank Group’s 2022 Annual Meetings

The government of Ghana has signed a grant agreement with the African Development Fund, and a financing agreement with the government of Switzerland, for the Ghana Mini Grid and Solar Photovoltaic Net Metering project. The project will benefit schools, health centres and communities across the country. The agreements, for the…

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    • Through appropriate capacity building programmes, Sahel countries will increase their own capabilities to accelerate their energy transition
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African Development Bank, MASEN and RES4africa to co-organise training programme for Sahel countries

The planned sessions are relevant to all aspects of the solar energy value chain and landscape – from utility scale to decentralized uses

The African Development Bank (www.AfDB.org), MASEN and RES4Africa have agreed to join forces on a dedicated solar energy training programme in 2022, to foster the uptake of solar energy in five Sahel countries. The programme, to be conducted in Burkina Faso, Chad, Mali, Mauritania and Niger, will focus on energy…