Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: African Development Bank achieves significant progress with energy projects across Africa

Noteworthy gains were realized in the energy sector as various expressions and letters of interest were signed for projects in Ethiopia, Ghana, Angola and Cameroon

The just-concluded Africa Investment Forum (AfricaInvestmentForum.com) successfully convened key stakeholders, and provided an unprecedented platform for effective dialogue to drive investments into the continent. Running on the margins of the Forum, the Africa Energy Market Place (AEMP) (https://bit.ly/2PXQEa3) progressed with country-specific discussions that began at the inaugural AEMP in July 2018…

Source: African Development Bank Group (AfDB) |

African Development Bank launches Africa Energy Portal

The African Development Bank has launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg

 “Building a Knowledge Base to De-Risk the Energy Sector in Africa,” brought together investors, policy makers and government officials for a presentation of the new initiative on Friday 9 November, the final day of the Forum. The AEP portal, hosted at http://Africa-Energy-Portal.org, will consolidate, validate, and disseminate energy data and…

Source: African Development Bank Group (AfDB) |

The Trade and Development Bank and USAID Sign Memorandum of Understanding to Power Africa

The memorandum was signed at African Development Bank’s inaugural Africa Investment Forum

The Eastern and Southern African Trade and Development Bank (TDB) (www.TBDGroup.org) and USAID’s Power Africa initiative (https://www.USAID.gov/PowerAfrica) have today signed a memorandum of understanding (MoU) that will finance power projects in 22 African countries. The memorandum was signed at African Development Bank’s (www.AfDB.org) inaugural Africa Investment Forum, where emphasis on…

Source: African Development Bank Group (AfDB) |

African Development Bank urges power sector to capitalize on women’s capabilities

Women represent only 20 percent of employees in the African power sector and less than ten percent of engineers

The African Development Bank Group (www.AfDB.org), in partnership with the French Development Agency, Association of Power Utilities of Africa and African Network of Centers of Excellence (ANCEE) organized a three-day seminar on “Promoting Gender Equality in the African Power Sector” at the Bank’s headquarters in Abidjan. The seminar brought together…

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

African Development Bank and partners’ innovative Room2Run securitization will be a model for global lenders

Room2Run will create space for more lending in pursuit of development agenda

Sharing the lessons learned will shorten the path for other MDB’s Room2Run, the African Development Bank (www.AfDB.org) and partners’ innovative US $1 billion synthetic securitization of a portfolio of seasoned African Development Bank private sector loans, will serve as a model for other lenders, help reduce costs, and shorten execution time, finance…

Source: African Development Bank Group (AfDB) |

South Africa: Eskom to expand transmission network with $218 loan from African Development Bank

The Bank’s intervention will enable the provision of additional power evacuation paths to the network from the Kusile, Majuba, Drakensburg and Ingula power stations

The African Development Bank (www.AfDB.org) has approved a ZAR 2.886 billion (US$217.9 million ) loan to South Africa’s power utility Eskom Holdings Ltd, towards the upgrade and expansion of its transmission facilities. The entity is crucial to power supply within the sub-region. The funding supports the Eskom Transmission Improvement Project (ETIP),…

Source: African Development Bank Group (AfDB) |

African Development Bank, mariner investment group, and africa50 price landmark $1 billion impact securitization

Structured as a synthetic securitization by Mizuho International, Room2Run transfers the mezzanine credit risk on a portfolio of approximately 50 loans from among the African Development Bank’s non- sovereign lending book, including power, transportation, financial sector, and manufacturing assets

With “Room2run,” AfDB Launches Securitization Market for Multilateral Development Bank Sector Transaction is in Direct Response to G20 Action Plan for Mdb Balance Sheet Optimization AfDB Commits to Reinvest freed up Capital into New African Infrastructure Lending, Making Room2run one of the Largest Impact Investments ever Transaction is supported by…

Source: African Development Bank Group (AfDB) |

African Development Bank, Mariner Investment Group, and Africa50 Price Landmark $1 Billion Impact Securitization

Structured as a synthetic securitization by Mizuho International, Room2Run transfers the mezzanine credit risk on a portfolio of approximately 50 loans from among the African Development Bank’s non- sovereign lending book, including power, transportation, financial sector, and manufacturing assets

With “Room2run,” AfDB Launches Securitization Market for Multilateral Development Bank Sector Transaction is in Direct Response to G20 Action Plan for Mdb Balance Sheet Optimization AfDB Commits to Reinvest freed up Capital into New African Infrastructure Lending, Making Room2run one of the Largest Impact Investments ever Transaction is supported by…

Source: African Development Bank Group (AfDB) |

“The status quo must change.” - Adesina tells FinDev Canada conference in Montreal

Launched six months ago, FinDev’s mandate is to support the growth and sustainability of businesses in developing markets

“No country can possibly move forward in the 21st century if it leaves half of its talent on the sidelines,” African Development (www.AfDB.org) President, Akinwumi Adesina told delegates at the launch of FinDev Canada, in Montreal, while making the Bank’s case for supporting women. FinDev Canada is a subsidiary of Export…

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

African Development Bank and Canada share commitment to women’s empowerment on the continent

Canada is the fourth largest contributor to the Bank among non-regional members, and the sixth largest donor to the African Development Fund (ADF)

On her first visit to the West African nation of Cote d’Ivoire, Canada’s Minister of International Development, Marie-Claude Bibeau and the President of the African Development Bank Akinwumi Adesina (www.AfDB.org), shared a common vision and commitment to the advancement of women and girls on the continent. Both officials met at…