Source: African Development Bank Group (AfDB) |

Tunisia: African Development Bank Group Board approves $27 million and €10 million loans for Kairouan solar plant

The project entails the design, construction, and operation of a greenfield solar photovoltaic (PV) plant with a capacity of 100 megawatts under a Build, Own and Operate (BOO) scheme

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a $27 million and €10 million loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia. The Board approval covers $10 million and another €10 million from the Bank, and $17 million…

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    • The African Development Bank's Sustainable Energy Fund for Africa (SEFA) is supporting the Tulu Moye geothermal project in Ethiopia for ten million US dollars
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Source: African Development Bank Group (AfDB) |

Ethiopia: Sustainable Energy Fund Africa provides $10 million grant to support Tulu Moye Geothermal Resource Development

The SEFA grant complements existing facilities to mitigate the high risk associated with drilling activities and help attract commercial debt capital to finance the project

The Board of Directors of the African Development Bank Group (http://www.AfDB.org/) has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) (http://www.AfDB.org/SEFA) to support a geothermal drilling program that will add 50 megawatts of renewable energy to Ethiopia’s power system. The Tulu Moye Geothermal Operations PLC…

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    • Seedlings under sustainable cultivation in Ghana for use in the production of biomass fuel
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Source: African Development Bank Group (AfDB) |

African Development Bank's Sustainable Energy Africa Fund for Africa approves $1 million reimbursable grant to develop bioenergy plants in Ghana and Sierra Leone

The reimbursable grant will strengthen the project’s bankability by supporting technical feasibility studies and regulatory structuring

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37jYAtS) has approved a reimbursable grant of $1 million to NewAfrica Impact Ltd (http://www.NewAfricaImpact.com) to prepare two bioenergy plants in Sierra Leone and Ghana that will each output 5 megawatts of electricity and 11 megawatts of heat. The reimbursable grant will strengthen the project’s…

Source: African Development Bank Group (AfDB) |

African Development Bank invests $20 million in private equity fund targeting renewable energy projects in sub-Saharan Africa

The Bank’s support will contribute to an additional 2,162MW of installed renewable power generation capacity

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period.…

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Source: African Development Bank Group (AfDB) |

Mozambique: The African Development Bank's Sustainable Energy Africa Fund for Africa Provides $2.5 Million to Increase Penetration of Renewable Energy

The grant administered by the Bank, will be used to implement the Mozambique Renewable Energy Integration Program (MREP)

The Board of Directors of the African Development Bank (AfDB) (https://www.AfDB.org/) has approved a grant of a grant of $2.5 million to the Mozambican government to develop renewable energy resources. The grant, from the Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37jYAtS), administered by the Bank, will be used to implement…

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    • R-L: UNDP’s Senior Economist for Mauritius and Seychelles, Tony Muhumuza; Minister of Finance, Economic Planning and Development of Mauritius,Dr. Renganaden Padayachy; and African Development Bank's Deputy Director General for Southern Africa, Kennedy Mbekeani at a press conference ahead of the 2022 African Economic Conference in Port Louis
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Source: African Development Bank Group (AfDB) |

Mauritius ready to host 2022 African Economic Conference - Finance Minister Padayachy

This year’s conference will be held in a hybrid format, with in-person delegates gathering in the coastal city of Balaclava, northwest of Mauritius

The island nation of Mauritius is set to host the 2022 African Economic Conference (AEC) (https://AEC.AfDB.org) from 9-11 December, its Minister of Finance, Economic Planning and Development, Dr. Renganaden Padayachy, said Thursday at a news conference announcing the event. The African Economic Conference is Africa’s leading forum for discussing the…

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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…

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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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    • 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…