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African Development Bank Group (AfDB)

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    • The solar plants are expected to generate 61 gigawatt-hours of clean, reliable, and affordable energy each year responding to Chad’s energy deficit
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Source: African Development Bank Group (AfDB) |

Chad: New EUR 28 million African Development Bank-funded solar project to boost Chad's energy access

The solar plants are expected to generate 61 gigawatt-hours of clean, reliable, and affordable energy each year responding to Chad’s energy deficit

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved funding worth EUR 28 million to build solar power plants in Gassi and Lamadji, Chad. This is part of the Bank's Desert to Power program to increase energy access across Africa. The funding includes EUR 20 million…

African Development Bank Group (AfDB)

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    • African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa

This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures

The African Development Bank (www.AfDB.org) has announced a $10 million investment from its Sustainable Energy Fund for Africa (SEFA) into the Persistent Africa Climate Venture Builder Fund (ACV Fund) to propel climate technology entrepreneurship across Sub-Saharan Africa. This catalytic investment aims to unlock $70 million in funding for African climate-focused…

African Development Bank Group (AfDB)

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    • West Africa: African Development Bank's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor investment in Arm-Harith Investment Fund for Sustainable Infrastructure
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West Africa: African Development Bank Group's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor Investment in Arm-Harith Investment Fund for Sustainable Infrastructure

By investing in sustainable infrastructure and energy transition projects and emphasising innovation and first-of-a-kind developments, the Fund is expected to generate significant environmental, economic, and social benefits

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region. The…

African Development Bank Group (AfDB)
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African Development Bank to make $30 million equity investment in Africa Finance Corporation to catalyse climate action

The investment is projected to contribute to the creation of over 1,600 full-time equivalent jobs by 2031, while also fostering regional integration, and generating clean, reliable energy

The African Development Bank’s (www.AfDB.org) Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa. The innovative financial instruments are expected to unlock significant funding for high-impact projects,…

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    • Africa Investment Forum 2024: Sustainable Energy Fund for Africa welcomes Japan as donor; showcases innovative financing solutions for Africa's energy transition
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Africa Investment Forum 2024: Sustainable Energy Fund for Africa welcomes Japan as donor; showcases innovative financing solutions for Africa's energy transition

The announcement was made at a thematic boardroom session showcasing innovative funding structures to accelerate Africa's energy transition

The Sustainable Energy Fund for Africa (SEFA) recorded a new milestone at the Africa Investment Forum 2024, with the announcement of Japan as its newest contributor, expanding the Fund’s donor base to 11 and strengthening its capacity to support crucial energy projects. The announcement was made at a thematic boardroom…

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    • The project involves the design, construction, operation, and maintenance of a greenfield wind farm divided into two sites, located along the Gulf of Suez
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Egypt: African Development Bank Approves $170 Million for Egypt’s Largest Wind Energy Project

The Bank’s financing is in addition to financing expected from a consortium of Development Finance Institutions (DFIs), banks, and financial institutions

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of up to $170 million to support the development of the game-changing 1.1 GW Suez Wind Project, currently Egypt’s largest wind energy initiative. The total project cost is estimated at $1.1 billion. The Bank’s financing is in…

African Development Bank Group (AfDB)
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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…

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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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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…

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    • On-site production of oxygen is saving the lives of newborn babies at Gitego general hospital
    • Franck Arnaud Ndorukwigira, doctor and deputy director of Gitega regional hospital, leads a tour of the wards
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Source: African Development Bank Group (AfDB) |

Burundi: Electricity from the Rusumo Falls power station, built with support from the African Development Bank, is saving the lives of hospital patients and premature babies

Cheap and reliable hydroelectric supplies mean that the Gitega hospital can spend more money on medical equipment and hospital teams can focus on saving lives

“One day, in the operating theatre, there was a power cut́ in the middle of a laparotomy [opening of the abdomen] for a case of pelvic peritonitis. We had to finish the operation using a torch. It was very hard.” Dr Franck Arnaud Ndorukwigira, doctor and deputy director at Gitega…

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    • Budget support to Seychelles from the African Development Bank will help improve access to renewable energy in the archipelago
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Seychelles: African Development Bank approves a USD 25 million loan to improve access to renewable energy and create jobs

The programme will support current efforts of the Seychelles Ministry of Investment, Entrepreneurship and Industry to drive economic diversification and transformation in the key sectors of fishing and tourism

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $25 million loan to Seychelles to implement the first phase of the Economic Resilience and Green Recovery Support Programme aimed at economic governance management across the archipelago. The operation, the first in a series of programmes…