AfDB

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20 05 2020 | 13:17

AfDB Welcomes $10 Million Clean Technology Fund Investment to Diversify Ethiopia’s Energy Mix.

The African Development Bank has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund, one of two funds within the Climate Investment Funds (CIF), to extend a $10 million…

23 03 2020 | 07:18

Renewables get a boost in Africa pledges

Funds committed for loans will back green energy projects across continent Efforts to spur the use of renewable energy in Africa have received a boost with commitments for almost $160 million in…

20 03 2020 | 07:03

FG launches $200m renewable energy project ‘to light up 500,000 households’.

The federal government has launched the $200 million Nigeria Electrification Project (NEP) to provide off-grid energy to over 500,000 people across 105,000 households in rural communities across the…

12 02 2020 | 06:56

African Development Fund approves nearly $35m to Liberia for renewable energy.

JOHANNESBURG  - The African Development Fund, an entity of the  African Development Bank Group, has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive…

14 12 2019 | 15:04

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…

15 06 2019 | 09:29

Construction of Sahofika hydroelectric plant in Madagascar to begin in December.

Construction of Sahofika hydroelectric plant in Madagascar to begin in December. This is after a framework agreement was signed between the Madagascan authorities and the New Onive Hydroelectric…

17 01 2019 | 13:08

US $32.5m approved for the energy projects in Africa

US $32.5m has been approved by the African Development Bank Group (AfDB) to help in the energy projects within Africa. US $40m will help in investments in Africa while the bank investment will help…