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AfDB approves $27.2million loan for Kom Ombo solar power plant in Egypt

The project is expected to lower electricity costs for businesses and residences, as well as reducing greenhouse gas emissions and creating construction and other jobs. The African Development Bank’s Board of Directors today approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom […]

Saudi inaugurates first renewable energy power plant

AFDB extends ‘Desert to Power’ Program to Nigeria

The President of African Development Bank (AfDB) Dr. Akinwunmi Adesina, has announced that the bank is set to undertake its ‘Desert to Power’ initiative in Nigeria to meet up the challenge of power failure, noting that the initiative has already commenced in Morocco and Kenya. Investment newsletter from Nigerian Investment Promotion Commission, NIPC, quoting AfricaOilandPower, […]

Saudi inaugurates first renewable energy power plant

BURUNDI : AFDB gives more than 43,000 refugees access to solar energy

The African Development Bank (AfDB) has just completed its environmental project in the refugee camps in Burundi. The project, financed to the tune of 1.3 million dollars by the Transition Support Facility, has enabled 43,296 people to gain access to solar energy and improve their resilience to climate change. In Nyankanda camp in eastern Burundi, […]

Saudi inaugurates first renewable energy power plant

AfDB plans to fund renewable energy projects in Africa: Report

For the development of renewable energy projects in Africa, the Africa Development Bank (AFDB) is planning to fund $10 billion, according to a report by Today Ng. Reportedly, disclosing the project planned for the next five years, Akinwumi Adesina, the President of AFDB, signed the announcement at the virtual Roundtable COP26, on Clean Power Transition, […]

Saudi inaugurates first renewable energy power plant

AFDB donates more than 12 million euros to finance the energy transition

The Board of Directors of the African Development Fund (ADF), the concessional financing window of the African Development Bank Group, approved, Wednesday, March 25 in Abidjan, a donation of 12.46 million euros (10 million of Units of Account) intended to finance the Energy Transition and Institutional Support Program (ETISP) in São Tomé and Príncipe. The […]

Duke Energy and Wells Fargo sign renewable power agreement

AFDB to provide underserved communities in Nigeria with sustainable energy solutions

The African Development Bank and the Government of Nigeria have launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini grid and off-grid solutions. The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of universal […]

Saudi inaugurates first renewable energy power plant

African Development Fund approves close to $35 million to the Government of Liberia for renewable energy

The African Development Fund has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia. At a signing ceremony on 29 January in Monrovia, Dr. Orison Amu, the African Development Bank’s Country Manager in Liberia, and Samuel Tweah Jr., Liberia’s Minister of Finance & Development […]

Hyundai plays catch up in EV market with car that can cook dinner

Sudan: AfDB Approves $21.783Million Grant For Roll Out Of Solar-powered Irrigation

aThe African Development Bank’s Board of Directors has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states. The project will enable farmers’ adoption of renewable energy technology through the installation of 1,170 photovoltaic (PV) irrigation pumps, the establishment of […]

Saudi inaugurates first renewable energy power plant

AfDB’s SEFA provides $1mn to support 9 MW solar-hydro hybrid project in Burundi

The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved a USD 990,000 grant to support the preparation of a 9 megawatt solar-hydro hybrid project in Burundi. The African Development Bank-funded project consists of two plants, each featuring a solar and a hydro component as well as a local distribution network and interconnection […]

Saudi inaugurates first renewable energy power plant

AFRICA: EIB and TDB lend $120 million to SMEs for renewable energy

The European Investment Bank (EIB) has recently partnered with the Eastern and Southern African Trade and Development Bank (TDB) to open a USD 120 million credit line. It is intended to finance renewable energy projects for small and medium-sized enterprises (SMEs). The 9th Summit of Heads of State and Government of African, Caribbean and Pacific […]

Saudi inaugurates first renewable energy power plant