News & Events
16/05/2012 - The Boards of Directors of the African Development Bank Group today in Tunis approved the equivalent of USD 436 million for the financing of Morocco’s power project, and two other investments in Africa. The first approval is an AfDB loan of Euro 168 million and USD 100 million Clean Technology Fund concessionary loan to finance the first phase of the Ouarzazate solar power station in Morocco.
Categories: Morocco, Energy & Power, Board of Directors
10/05/2012 - As Mali strives to become an emerging economy, it is focusing on energy sector reforms to support growth and improve quality of life. Renewable energy holds significant potential for scaling up across the country and promises to decrease dependence on fossil fuel imports and reduce forest degradation caused by increasing energy demands.
Categories: Mali, Climate Investment Funds (CIF), Energy & Power, Climate Change
03/05/2012 - Egypt was once an exporter of oil and gas, but now it is struggling to meet its own energy needs. The growth in energy consumption is a response to the country’s economic expansion, industrialization, and change in the people’s lifestyle.
Categories: Egypt, Energy & Power, Climate Change
24/04/2012 - In the last decade, Egypt has achieved significant annual economic growth. But at a cost. Rapid economic growth, together with an increase in population and a move to the cities, has increased the demand for energy, particularly electricity.
Categories: Egypt, Energy & Power
23/04/2012 - Teams from Ethiopia, Kenya, Liberia, Mali, and Tanzania joined counterparts from around the world at the annual pilot countries meeting for the Scaling Up Renewable Energy Program in Low Income Countries (SREP) in Nairobi, Kenya from 5 to 7 March 2012. Held annually to provide a space for pilot countries to discuss experiences, lessons learned and best practices in developing and activating SREP investment plans, the meeting this year offered African nations the opportunity to showcase their progress in advancing initiatives in renewable energy.
Categories: Kenya, Ethiopia, Tanzania, Liberia, Mali, Climate Change, Climate Investment Funds (CIF), Energy & Power
23/04/2012 - Ethiopia and Mali are set to begin preparing renewable energy projects specified in their investment plan under the Scaling Up Renewable Energy Program in Low Income Countries (SREP) after successfully achieving investment plan endorsement from the SREP sub-committee at their meeting on 8 March 2012 in Nairobi, Kenya. SREP is a program of the Climate Investment Funds (CIF) of which the African Development Bank (AfDB) is an implementing agency.
Categories: Ethiopia, Mali, Climate Change, Climate Investment Funds (CIF), Energy & Power
17/04/2012 - The African Development Bank (AfDB) and Kenya’s Geothermal Development Company (GDC) have launched the Menengai geothermal project, designed to produce electricity for 500,000 households and displace two million tons of CO2 per annum.
Categories: Kenya, Energy & Power
13/04/2012 - Egypt’s fuel subsidy program, designed to ease the lives of the poorest of its population, is becoming a serious drain on its national economy, according to a new study from the African Development Bank (AfDB).
Categories: Egypt, Energy & Power, Chief Economist's Office
16/03/2012 - The African Development Bank (AfDB) and the Kenyan government signed loan and grant agreements totaling some USD 336 million in support of clean energy and road infrastructure development in Kenya on 12 March. The financial package includes a USD 186.7 million loan for the Mombasa-Nairobi-Addis Ababa Road Corridor Project and a USD 149.5 million loan and grant financing for the Menengai Geothermal Development Project.
Categories: Kenya, Infrastructure, Energy & Power
07/03/2012 - The cost to the Nigerian government of its fuel subsidy shot up by almost five times to USD 9.3 billion between 2006 and 2011, and accounted for 30 percent of all federal expenditure – a statistic quoted a new study on reforming the energy sector in Africa by the African Development Bank.
Categories: Nigeria, Energy & Power, Chief Economist's Office
