Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2019: Unveiling the Boardroom: $67.6 billion dollars of deals tabled, $40.1 billion investor interest secured

Africa is winning…Africa is bankable- African Development Bank President Akinwumi Adesina

It was deals that brought participants to the 2019 Africa Investment Forum and they were not disappointed. The second Forum ended on a high note Wednesday, with 56 boardroom deals valued at $67.6 billion tabled - a 44% increase from last year. Fifty-two deals worth $40.1 billion secured investor interest…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2019: Billion dollar boost for African female entrepreneurs

The European Investment Bank (EIB) expects the gender-lending initiative to allow women to play a more active role in economies

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what the EIB has…

Source: African Development Bank Group (AfDB) |

2019 Africa Investment Forum: Achieving an African economy four times bigger with only a 50% increase in energy demand

The Africa Investment Forum (AIF) brings together project sponsors and investors, borrowers, lenders, policy makers and public and private sector investors

Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 percent, according to a new report. The International Energy Agency (IEA) unveiled its report on the first day of the second African Investment Forum in Johannesburg, South Africa. Africa Energy Outlook 2019 found…

Source: African Development Bank Group (AfDB) |

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) converts to concessional finance facility

First established in 2012, SEFA is anchored in a commitment of $121 million by the Governments of Denmark, United States, United Kingdom, Italy, Norway and Spain

The African Development Bank’s (www.AfDB.org) Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance. Currently, SEFA, the Sustainable…

Source: African Development Bank Group (AfDB) |

Extraordinary Meeting of African Development Bank Governors: "Make the right decision" for Africa to achieve its objectives, says Alassane Ouattara, President of Côte d'Ivoire

The message was well received by Adesina, who warmly welcomed the presence of President Ouattara, members of his Government, and shareholders

The President of the Republic of Côte d'Ivoire, Alassane Ouattara, on Thursday called on the Governors of the African Development Bank (AfDB.org) to "make the right decision" to enable the continent to achieve its development goals. President Ouattara made the remarks at the opening of the 5th extraordinary meeting of the…

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

Cameroon: Three Power Plants Financed by the African Development Bank to Reduce Power Cuts

With an estimated 23,000 MW hydroelectric production capacity, Cameroon has the second largest hydroelectric potential in Africa and the 18th largest worldwide

For many years, Cameroon’s national electricity supply has been notoriously unreliable and subject to power cuts. The last significant electric system outage, which lasted eight hours, occurred last March and affected several of the country’s regions (the Far North, North, Littoral, Adamaoua, South and Centre regions). However, three projects financed…

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

2019 Africa Investment Forum: African Development Bank and Partners Gear Up for New Heights

The innovative investment marketplace, brings together heads of state, project sponsors, pension funds, sovereign wealth funds and other institutional investors

In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda. Africa Investment Forum 2018 broke the mold for regional investments and…

Source: African Development Bank Group (AfDB) |

African Development Bank, Climate Investment Funds and the Coalition for Green Capital to develop Green financing instruments for Africa

Green Banks and National Climate Change Funds can play an important role in mobilizing finance to support low-carbon, climate-resilient development

The African Development Bank (http://AfDB.org), in partnership with the Climate Investment Funds (CIF) (http://bit.ly/2B7HLBQ), has commissioned the Coalition for Green Capital (CGC) (http://bit.ly/2oG19mN) to prepare a study on the creation of national climate change funds and green banks in Africa. CGC will identify and work with six African countries to conduct…

Source: African Development Bank Group (AfDB) |

African Development Bank partners with Senegal to host 2021 World Water Forum

The forum will take place in the Senegalese capital 22 – 27 March 2021, on the theme of ‘Water Security for Peace and Development’

A Senegalese government delegation, led by the country’s Minister of Water and Sanitation, His Excellency Serigne Mbaye Thiam, briefed the African Development Bank (www.AfDB.org) on Senegal’s preparations to host the World Water Forum (https://bit.ly/35mwCLg) in Dakar in March 2021. Minister Thiam met with the Bank’s Vice President for Agriculture, Human,…

Source: African Development Bank Group (AfDB) |

First WATT Renewables winners of Renewable Energy Forum 2019 co-organized by the African Development Bank

The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions

First WATT Renewables were winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank (https://www.AfDB.org). The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable…