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    • African Development Bank’s acting Chief Economist, Kevin Urama (second left) and other panelists at a seminar on the African Economic Outlook 2022, hosted by the Atlantic Council in Washington, DC. 27 July 2022.
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Source: African Development Bank Group (AfDB) |

Atlantic Council Panel on 2022 African Economic Outlook Pushes for ‘Africa agenda’ at COP 27

In a presentation on the report, Acting Chief Economist Urama called for policy coordination and a more holistic approach to tackling climate change

Africa deserves the highest priority attention at the United Nations climate conference, COP 27 to be held in November this year,  panel members discussing the African Development Bank’s  (www.AfDB.org) African Economic Outlook 2022 (https://bit.ly/2Z1dRwt)  in an event hosted by the Atlantic Council, said on Wednesday. A team from the  African…

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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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Source: African Development Bank Group (AfDB) |

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…

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African Development Bank Group to Launch New Trust Fund for the Circular Economy

Circular economy principles play a strategic role in advancing the African Development Bank’s High-5 development priorities

The Board of Directors of the African Development Bank (www.AfDB.org) has approved the establishment of a €4 million Africa Circular Economy Facility to drive integration of the circular economy into African efforts to achieve nationally defined contribution (NDC) targets. The Facility (https://bit.ly/3voaQVl), a multi-donor trust fund, will operate over a period…

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    • Muluneh Bonsa, deputy manager of a solar site in rural Ethiopia, says the African Development Bank Group-funded initiative is helping rural Ethiopians gain access to clean water. Ethiopia will also benefit from the flagship Desert to Power initiative
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Source: African Development Bank Group (AfDB) |

African Development Fund approves $5.5 million grant to fund phase two of flagship Desert to Power energy project in Djibouti, Eritrea, Ethiopia and Sudan

Known as the East Africa Regional Energy Project, it will be financed through the ADF-15 Regional Public Good window of the African Development Fund

The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power (https://bit.ly/3O29ZC1) initiative in the Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan. Known as the East Africa Regional Energy Project, it…

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    • Dr. Akinwumi A. Adesina, President of the African Development Bank (left) and Gwede Mantashe, South Africa's Minister of Minerals and Energy, held a bilateral meeting on 25 March 2022
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Source: African Development Bank Group (AfDB) |

South Africa’s energy transition needs full financial support, says African Development Bank Group President

The African Development Bank estimates that South Africa would need more than $30 billion for transition to renewable energy

African Development Bank Group (www.AfDB.org) President Dr Akinwumi Adesina has assured South Africa of the Bank’s strong support as the country transitions from fossil fuel to renewable energy. Adesina told Minister for Mineral Resources and Energy, Gwede Mantashe, that the Bank was in the process of setting up an African…

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African Development Bank Group approves Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy

Under LEAF, some 18 decentralized renewable energy projects are expected to be financed, providing access to six million people and businesses

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Wednesday approved the Leveraging Energy Access Finance Framework (LEAF), under which the Bank will commit up to $164 million to promote decentralized renewable energy in six African countries. The $800 million program will help spur commercial and local…

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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) |

South Africa’s largest renewable energy project Redstone concentrated solar power (CSP) achieves first debt draw down

The African Development Bank acted as the Mandated Lead Arranger (MLA) and Coordinating Bank for the ZAR 11.6 bn total investment

Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR 11.6 billion Redstone concentrated solar power (CSP) project will provide power to 200,000 households upon completion. South African Redstone…

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African Development Fund extends $27.39 million grant to support development of mini grid and solar PV net metering in Ghana

The project has leveraged co-financing from the Scaling Up Renewable Energy Program

The Board of Directors of the African Development Fund has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net metering space.  The project involves the development of 35 mini grids, standalone solar photovoltaic systems in 400 schools, 200 units…