AfDB

AfDB Offers Assistance for Development of Mini Green Energy Grids in Guinea

AfDB has approved a grant of 830,000 USD to support AGER in the establishment of green mini grids projects in the Republic of Guinea. The African Development Bank (AfDB), through its Sustainable Energy Fund for Africa (SEFA), has approved a grant of 830,000 US dollars to support the Guinean Agency for Rural Electrification (AGER), in […]

Read more

AfDB Okays $21.8 Mn Grant for Solar Irrigation Pumps in Sudan

The African Development Bank (AfDB), a multilateral development finance institution, has approved to provide a grant of USD 21.783 million to the Government of Sudan. Through this grant, AfDB aimed to accelerate the adoption of solar-powered irrigation pumps in the Sudan’s West Kordofan and North Kordofan states. Under this project, farmers will be encouraged to […]

Read more

AfDB and EU to Provide €12 mn for Electrification of Rural Areas in Togo

AfDB, EU and the Togolese government have signed an agreement for 12 million euros to support the CIZO rural electrification program from Togo (PRAVOST).   The African Development Bank (AfDB), the European Union (EU) and the Togolese government have signed an agreement of some 12 million euros as part of the project to support the […]

Read more

AfDB, CIF and CGC to Develop Green Financing Instruments for Africa

AfDB, in partnership with the CIF, has commissioned the CGC to prepare a study on the creation of national climate change funds and green banks in Africa. The African Development Bank (AfDB), in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation […]

Read more

AfDB Grants Loan for 18 MW Solar Plus Storage Project in Chad

AfDB has approved a loan of 18 million euros for the establishment of the solar plus storage facility of Djermaya in Chad. The African Development Bank (AfDB) has approved a loan of 18 million euros and a Partial Risk Guarantee (GPR), for the establishment of the solar power station of Djermaya in Chad. Storage The […]

Read more

4.5 mn People in Africa to Benefit With Off-Grid Power by 2025

AfDB has approved an innovative financing program for DESCOs, which would see 4.5 million people in sub-Saharan Africa gain access to solar power by 2025. The Board of Directors of the African Development Bank (AfDB) Group has approved an innovative multinational financing program for Distributed Energy Service Companies (DESCOs), which would see 900,000 households in sub-Saharan […]

Read more

AfDB Receives €40 Mn Investment From EU to Scale Renewables in Africa

AfDB has announced a €40 million investment from the EU for the FEI, a new platform for financing small-scale renewables in Africa. The African Development Bank (AfDB) has announced a €40 million investment from the European Commission (EU) for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa. The […]

Read more

Climate Financing By MDB’s Hit Record High of $43.1 Bn in 2018

A new report has revealed that climate financing by the world’s largest MDBs in developing economies rose to an all-time high of $43.1 billion in 2018 A new report has revealed that the climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of […]

Read more

AfDB Approves $20 Mn Facility For Green Mini-Grid Program in Congo

The African Development Bank (Afdb) Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based, mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema. The DR Congo Green Mini-Grid Program will serve as the pilot to an innovative private-led electrification approach to deploy renewable-based […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll