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

Speech Delivered by Dr. Akinwumi A. Adesina, President and Chairman, Boards of Directors, African Development Bank Group at the High-Level Event, 29th Conference of the Parties (COP 29) “Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa”

When the value of Africa’s vast forest and environmental services, and natural capital, are properly valued, the size of its rebased GDP taking this into account will be much higher

Your Excellency, President Sassou Nguesso, President of the Republic of Congo Your Excellencies, Heads of State and Government Your Excellencies, Vice Presidents, Prime Ministers Your Excellencies, ladies and gentlemen. I wish to thank you all for taking the time to be here today for the Heads of State High-Level Dialogue…

African Development Bank Group (AfDB)

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    • (from center left) AfdB VP President Kariuki with Tanzania's Vice President Philip Mpango, Fatih Birol, IEA Executive Director, and Damilola Ogunbiyi, Special Representative of the United Nations Secretary-General for Sustainable Energy for All, and other participants at a COP29 Clean Cooking side event
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP29): Lack of Clean Cooking Access Poses Deadly Risks for Millions in Africa, Leaders Urge Action

At a Paris summit held In May 2024, African Development Bank President Dr. Akinwumi Adesina pledged to allocate 20 percent of Bank financing for energy projects that promote clean cooking alternatives

African policymakers and international partners meeting at this year’s UN Climate Change Conference, COP29 on Tuesday highlighted the urgent crisis posed by lack of access to clean cooking, a challenge impacting 1.2 billion people across Africa and leading to millions of premature deaths annually.    "It is unacceptable that women…

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

Zambia: African Development Bank’s Sustainable Energy Fund for Africa approves $8 million for development of 25 MW Solar Plant

Serengeti Energy Ltd and Western Solar Power Ltd are leading the plant development in Zambia's Sesheke District

The African Development Bank Group’s (www.AfDB.org) Board of Directors has approved an $8 million concessional loan to support the construction of a 25MW Solar Photovoltaic power plant in Zambia. The financing for the Ilute Plant will be sourced from the Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed…

African Development Bank Group (AfDB)

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    • The electricity highway between Ethiopia and Kenya represents a technological advance for electricity transmission
    • The project is a model of sustainability, allowing better integration of wind power, Solar and hydroelectricity into regional networks
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Source: African Development Bank Group (AfDB) |

East Africa: The Ethiopia-Kenya Electricity Highway is Shaping Regional Connectivity with the Support of the African Development Bank

This high voltage DC infrastructure is the only one of its kind in the region and is the foundation of East Africa’s ambition to be interconnected in terms of power exchange and allow cross-border trade in energy

The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more than 10 years of planning and construction, is redefining energy connectivity in East Africa. It is more than a piece of infrastructure, it is an economic and environmental entity, connecting not just power grids but nations and…

African Development Bank Group (AfDB)

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    • Dr Kevin Kariuki, Africa Development Bank Vice President for Power, Energy, Climate and Green Growth
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Source: African Development Bank Group (AfDB) |

Ninth Africa Energy Market Place (AEMP) held in Dar es Salaam ahead of key Africa Heads of State Energy Summit scheduled for 28 January in Tanzania

The summit will convene heads of state and government, ministers, international and regional organisations, and other partners, including the private sector

Further to an April 2024 pledge by the Presidents of the African Development Bank (www.AfDB.org) and the World Bank to bring electricity access to 300 million people in Africa by 2030, the Tanzanian port city of Dar es Salaam has been selected to host an Africa Heads of State Energy…

African Development Bank Group (AfDB)

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    • Standing in front of his oven, baker Pierre Gbenou Tito Dossou makes full use of the electricity supply
    • Electricity pylons have been installed in urban areas of Benin to connect numerous households to the power grid
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Source: African Development Bank Group (AfDB) |

From darkness to light: Local bakeries and homes flourish under Benin’s new urban electricity project

The project is funded by the African Development Fund, the concessional window of the African Development Bank Group, which provided a $9.08 million loan and a $7.28 million grant

The bustling sound of dough kneading fills the air at Pierre Gbenou Tito Dossou’s bakery in Okoun-Sèmè, Benin, as the once energy-starved business now hums along smoothly. Orders for bread, croissants, and chocolate pastries are met on time, a feat Dossou attributes to a newly stable power supply. “I struggled…

African Development Bank Group (AfDB)

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    • With the approval of €6 million from SEFA for the Dédougou Solar Project, Burkina Faso is set to benefit from enhanced energy access, powering development and bringing clean, reliable electricity to communities under the Desert-to-Power initiative
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Source: African Development Bank Group (AfDB) |

African Development Bank Group’s Sustainable Energy Fund for Africa approves €6 Million for Desert to Power - Burkina Faso Solar Project

Burkina Faso is one of five priority countries under the Desert-to-Power initiative, which aims to generate 10 gigawatts of solar power across 11 Sahelian countries by 2030

The African Development Bank Group (www.AfDB.org) has approved a €6 million concessional financing package from the Sustainable Energy Fund for Africa (SEFA), a special multi-donor fund managed by the Bank, to accelerate the completion of Burkina Faso’s Dédougou photovoltaic solar project in support of the Bank's Desert-to-Power initiative (https://apo-opa.co/3XKXpwG). The project…

African Development Bank Group (AfDB)

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    • The budget support granted to Madagascar will help create a better regulatory framework to promote investment and improve the business environment in sectors that create jobs
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Source: African Development Bank Group (AfDB) |

The African Development Bank Group grants over $67 million to Madagascar to relaunch its economy and improve governance in its energy sector

The loan from the African Development Fund, the Bank Group’s concessional financing window, includes funding from the Transition Support Facility

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $67.3 million to Madagascar on 20 September 2024 to implement the first phase of its economic growth-inducing Financial Management and Resilience Support Programme for 2024-2025. The loan from the African Development Fund, the Bank Group’s…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina (7th from left, front row), Madagascar’s President Andry Rajoelina, Africa50 CEO Alain Ebobissé, and other participants at the 2024 Annual General Shareholders Meeting in Antananarivo. Adesina's wife, Grace, stands to his right
    • Madagascar's President Andry Rajoelina shows AfDB President Akinwumi Adesina a national craft at a Madagascar exhibition during the 2024 Annual Meetings in Antananarivo. Africa50 CEO Alain Ebobissé looks on
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Source: African Development Bank Group (AfDB) |

Africa50 investment platform gets thumbs up for its innovative financing, strategic partnerships and performance

Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing in just seven years of operation

Presidents of Madagascar and Tanzania praise Africa50's critical role in addressing the continent's infrastructure challenges; Africa50 has mobilized over $1.1 billion in capital commitments and catalyzed an additional $4.4 billion in external financing in just seven years, Adesina. Africa50 (www.Africa50.com), the investment platform established by African governments and the African Development…

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

At United Nations General Assembly (UNGA 79), African Development Bank affirms standing as champion of Africa’s prosperity

The 2024 meetings take place against a backdrop of growing concern about the ability to meet critical targets outlined in the Sustainable Development Goals (SDGs) agenda

As the world convenes in New York this week for the United Nations General Assembly (UNGA 79), Africa’s 1.2 billion people will be counting on their participating leaders and pan-African institutions like the African Development Bank Group (www.AfDB.org) to lead the charge on matters critical to the continent’s sustainable development…