The Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa. The Bank’s funding will contribute to production of an additional 178.5 megawatts of renewable power for commercial and residential […]
Sudan: African Development Bank approves $21.783 million grant for roll out of solar-powered irrigation
The 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 […]
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 […]
South Sudan: African Development Bank-financed upgraded Juba power distribution system comes onstream
The government of South Sudan on Thursday commissioned a $38 million upgraded power distribution system financed by the African Development Bank to restore reliable electricity supply to Juba’s central business district and boost suburban livelihoods. The Juba Power Distribution System Rehabilitation and Expansion Project is the first in a series of major energy sector interventions […]
African Development Bank, Climate Investment Funds and the Coalition for Green Capital to develop Green financing instruments for Africa
The African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate change funds and green banks in Africa. CGC will identify and work with six African countries to conduct feasibility studies for the project, which was initiated […]
Djermaya Solar Power Plant Project in Chad gets €18mn loan-approval from AfDB
The African Development Bank’s board of directors has recently 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. The planning of constructing and operating the Djermaya photovoltaic solar power plant was previously made 30 kilometres north of N’Djamena. The […]
Africa to shut coal power plants, make world’s largest solar zone: Akinwumi Adesina
Is Africa on the verge of shutting down all coal power stations? The President of African Development Bank, Akinwumi Adesina received disclosed his ambitious plans to scrap coal power stations across the continent and switch to renewable energy. The Chief of African Development Bank revealed his intentions while addressing a gathering of leaders and officials […]
African Development Bank takes on ‘energy poverty’ with $15 billion pledge
More than 840 million people around the world live without electricity. “Without light, you can’t do anything,” Akinwumi Adesina, president of African Development Bank, said at an event hosted by the Rockefeller Foundation this week as part of Climate Week in New York. “Businesses can’t work, hospitals can’t work, water and sanitation can’t work. All […]
G5 Sahel Summit: African Development Bank, partners, commit to light up and power the Sahel with the Desert to Power initiative
As part of its electrification strategy for Africa, the Bank is firmly committed to accelerating access to high quality, low cost energy for the continent’s people ABIDJAN, Ivory Coast: Dr. Akinwumi Adesina, president of the African Development Bank, has arrived in Ouagadougou, capital of Burkina Faso, ahead of the G5 Sahel Summit, and was received […]
AfDB’s agenda ‘High 5s’ gets new initiative ‘Desert to Power’
The President of African Development Bank, Akinwumi Adesina had set down a new agenda for the bank group in September 2015. He outlined the five development priorities for the institution which were called in short ‘High 5s’. The ‘High 5s’ are – Light up and Power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve […]