News & Events
23/12/2011 - The African Development Bank (AfDB), and other development finance institutions including the International Finance Corporation (IFC), the Netherlands Development Finance Company (FMO), the Development Bank of Central Africa (BDEAC), Proparco, and a syndication of local banks led by Standard Chartered Bank signed on 22 December a loan agreement to provide a EUR 198 million to the Kribi Power Development Company (KPDC). KPDC is a subsidiary of the AES Corporation, an American global power company which provides affordable, sustainable energy to 27 countries worldwide, in partnership with the Government of Cameroon, which owns 44% of KPDC.
Categories: Cameroon, Private Sector Development, Energy & Power
16/12/2011 - Menengai geothermal steam field development project will set the stage for investments that will help meet Kenya’s rapidly increasing demand for power and transform the country into a competitive clean energy economy. On 14 December 2011 in Tunis African Development Bank (AfDB) Group Board of Directors, approved two financing vehicles to support the project. It will be financed through a loan of USD 124 million from African Development Fund (ADF) concessionary resources, and a loan and grant totaling USD 25 million from the scaling-up renewable energy program under the Climate investment funds for which AfDB Group is an implementing agency.
Categories: Kenya, Energy & Power
09/12/2011 - More than 600 million Africans in sub-Saharan Africa cannot access electricity in their homes from a grid. In order to improve this situation as quickly as possible, the African Development Bank (AfDB) has been working during 2011 on a new energy strategy for Africa with an emphasis on low carbon methods.
Categories: South Africa, Energy & Power, Climate Change
09/12/2011 - The Board of Directors of the African Development Bank (AfDB) has approved on 7 December a € 28.1 million senior loan to support the Thika Thermal Power Project in Kenya. This reliable energy private sector power project will encourage economic growth by helping to address Kenya’s energy shortfall.
Categories: Kenya, Energy & Power, Private Sector Development
07/12/2011 - Everyone agrees green growth is a good thing. So why isn’t the whole world speeding along the low carbon route? Why are there so many red lights along the way? The reason is that many low carbon projects are costly, beyond the reach of many if not most African governments. The private sector is not closing the gap. The reason is that investors are worried whether their money is safe.
Categories: South Africa, Climate Change, Private Sector Development, Energy & Power
07/12/2011 - Cutting the price of energy is one way to fight poverty, the delegates at the climate change conference, or COP 17, heard in Durban.
Categories: South Africa, Brazil, Climate Change, Energy & Power
07/12/2011 - Africa as a continent suffers a huge lack of power. Most people in sub-Saharan Africa have little or no access to affordable, easily-available electricity. Even a developed country like South Africa is plagued by power cuts.
Categories: South Africa, Kenya, Madagascar, Climate Change, Energy & Power
07/12/2011 - As a continent of mainly developing economies, Africa can least afford to lose percent of its Gross Domestic Product (GDP) to climate change. Where GDP is built on unsustainable growth, there could be adverse economic effects in the future, said the moderator Buchizya Mseteka, adding that this made mitigation and adaptation both an environmental and an economic imperative.
Categories: Climate Change, Water Supply & Sanitation, Energy & Power, Climate Investment Funds (CIF)
02/12/2011 - La Banque africaine de développement (BAD) et la conférence des Nations Unies sur le commerce et le développement (CNUCED) ont exprimé fermement leur volonté de dynamiser le développement grâce aux énergies renouvelables lors du lancement à Tunis du nouveau rapport 2011 sur la technologie et l’innovation.
Categories: Energy & Power, Climate Change
29/11/2011 - The new management board of the African Legal Support Facility (ALSF) held its first talks on the key roles, actions and strategy of the facility on 23 and 24 November 2011 in Tunis.
Categories: Rwanda, African Legal Support Facility, Energy & Power
