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21/05/2015 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, May 20, 2015, a loan of US $70.5 million to finance the Tanzania Power Sector Reform and Governance Support Programme (PSRGSP). The objective of the operation is to promote inclusive growth and enhanced economic competitiveness through power sector, economic and financial governance reforms. The loan agreement will be signed next week, on the margins of the Bank’s Annual Meetings in Abidjan.

Categories: Tanzania, Economic & Financial Governance, Energy & Power

20/05/2015 - African countries are one step closer to realizing the goals of universal energy access through following a coordinated approach to energy sector development at the country level according to speakers at a special session held during the Second Sustainable Energy for All (SE4All) Forum in New York.

Categories: United States of America, Energy & Power, Environment, Partnerships, Sustainable Energy for All (SE4ALL)

  • From: 25/05/2015
  • To: 25/05/2015
  • Location: Abidjan, Côte d’Ivoire

The African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP) will publish their joint African Economic Outlook 2015, a yearly report containing projections, analyses and 54 country notes on macroeconomic, finance, trade and human development trends in Africa.The report will be launched on the first day of the 50th AfDB Annual Meetings , which will take place from May 25-29, 2015 in Abidjan, Côte d’Ivoire.

  • From: 25/05/2015
  • To: 25/05/2015
  • Location: Abidjan, Côte d’Ivoire

The “African Leadership: a Generational Dialogue” event, taking place on May 25, 2015 during this year’s Annual Meetings in Abidjan, Côte d’Ivoire, aims to engage young leaders around the world to contribute to the vision for Africa in the coming 50 years.

15/05/2015 - The African Development Bank (AfDB), in partnership with the Climate Investment Funds (CIF) and the Government of Mali, has launched the Renewable Energy in Africa: Mali Country Profile. The publication, released on May 7, highlights the country’s current inroads in renewable energy as well as opportunities for scaling-up the sector. The profile is the first in a series for Africa.

Categories: Mali, Environment, Energy & Power, Climate Change

15/05/2015 - At its governing body meetings this week, the Climate Investment Funds (CIF) unanimously endorsed Ghana’s ambitious investment plan to transform and promote its renewable energy sector. The plan, which is slated to receive $40 million in funding from the CIF’s Program for Scaling Up Renewable Energy in Low Income Countries (SREP), is structured around four key projects: renewable energy mini-grids and stand-alone solar PV systems; solar PV-based net metering with storage; utility-scale solar PV/wind power generation; and a technical assistance project (supported by the Sustainable Energy Fund for Africa – SEFA).

Categories: Ghana, Climate Investment Funds (CIF), Sustainable Energy Fund for Africa, Climate Change, Environment, Partnerships, Energy & Power

13/05/2015 - The Board of Directors of the African Development Bank Group (AfDB) has approved a US $7.03-million operation to support economic and financial reforms in Guinea Bissau. The US $5.34-million concessional loan and US $1.69-million grant from the African Development Fund (ADF) will provide critical financing for the Emergency Economic and Financial Reform Support Programme (PUAREF), which will help restore basic public financial management foundations and strengthen public sector capacity, both of which are essential for the country’s transition from a post-conflict crisis situation to that of reduced fragility, inclusive growth, and poverty reduction.

Categories: Guinea-Bissau, Partnerships, Economic & Financial Governance

13/05/2015 - A roundtable comprising trade experts in the public and private sectors met in Nairobi, Kenya, recently to discuss the Continental Free Trade Area (CFTA) as a catalyst to Africa’s economic development.

Categories: Regional Integration, Infrastructure, Private Sector, Africa Trade Fund, Partnerships

13/05/2015 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 29, 2015, a USD 50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC Africa (CECA) seeks to acquire and develop distribution and transmission assets and complementary greenfield generation projects throughout Sub-Saharan Africa. By investing across the energy value chain (generation, transmission, and distribution), CECA aims to reduce electricity losses while improving the overall economics in Africa’s power sector.

Categories: Nigeria, Zambia, Private Sector, Infrastructure, Energy & Power

08/05/2015 - Launched in April 2014 with a EUR 4.725 million contribution from Germany for an initial three-year period, the African Development Bank-sponsored Africa Climate Change Fund (ACCF) is working to address underlying challenges currently preventing many of the region’s countries from accessing the climate finance they require for engaging in climate smart development.

Categories: Climate Change, Environment, Green Growth Initiative, Partnerships, Africa Climate Change Fund

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