Loans & Grants
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
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
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
11/11/2011 - The Board of Directors of the African Development Bank (AfDB) Group today approved a USD 71.1- million loan from African Development Fund’s resources to finance the Lom-Pangar Hydroelectric project in Cameroon. The project estimated to cost USD 419.2 million is jointly financed by five donors including the World Bank, the European Investment Bank, the Development Bank of Central African States and the French Development Agency.
Categories: Cameroon, Energy & Power
26/09/2011 - Eskom and the African Development Bank (AfDB) today signed two loan agreements for a total value of USD365 million that will enable the first large-scale implementation of renewable wind and solar generation in Eskom’s history.
Categories: United States of America, South Africa, Energy & Power, Climate Change, Private Sector Development, President's Corner
15/07/2011 - The Board of Directors of the African Development Bank (AfDB) has approved a technical cooperation agreement with the Government of Denmark for the establishment of a sustainable energy fund for Africa (SEFA) for capacity building and investment in sustainable energy over a five-year period. The budget for the fund is set at a DKK 300 million (equivalent to USD 57 million).
Categories: Denmark, Energy & Power, Environment, Sustainable Energy Fund for Africa
19/05/2011 - The African Development Bank (AfDB) Group, the Interntional Finance Corporation (IFC)-a member of the World Bank Group), and the Netherlands Development Finance Company (FMO), are investing €66 million in the Dibamba Power Development Company to help it build an 86-megawatt powerplant that will ensure reliable electricity supply and improve energy security in Cameroon.
Categories: Cameroon, Energy & Power, Private Sector Development
29/04/2011 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, a USD 12 million senior private sector loan to finance Seychelles East African System “SEAS”. The project is designed to connect Seychelles to global internet exchange centers using high bandwidth link at lower costs.
Categories: Seychelles, Energy & Power, Private Sector Development
08/04/2011 - The project will generate roughly 960,000 tons of sugarcane per year that will be used to produce 83,000 cubic meters (83 million liters) of anhydrous ethanol for export and possibly domestic consumption; and 165 Giga-Watt hour (GWh) of electricity of which roughly 100 GWh will be delivered to the domestic market.
Categories: Sierra Leone, Energy & Power, Private Sector Development, Climate Change, Board of Directors
06/04/2011 - The Board of Directors of the African Development Bank (AfDB) today approved the 2011-2012 Regional Integration Strategy Paper for Southern Africa. Regional integration is one of the organisation’s priorities, , as reflected in its 2008-2011 Medium-Term Strategy, its Strategic and Operational Framework for Regional Operations and the its 2009-2012 Regional Integration Strategy.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Transport, Information & Communication Technology, Regional Integration, Energy & Power
