22/05/2015 - What is the value of economic growth in Africa if thousands of people still die from preventable diseases? The Ebola epidemic was a wakeup call of the fragility of health systems in Africa, killing over 10,000 people.
22/05/2015 - Delegates from across the globe will converge next week at the Annual Meetings of the African Development Bank Group (AfDB) taking place from May 25 to 29 in Abidjan, Côte d’Ivoire’s financial capital.
Categories: Côte d’Ivoire
22/05/2015 - The Sustainable Energy Fund for Africa (SEFA) has called for proposals to support the creation of an enabling policy and market environment for green mini-grids (GMGs) in an effort to address barriers to growth and unlock private investment in the sector.
22/05/2015 - At its governing body meetings last week, the $8.1 billion Climate Investment Funds (CIF) endorsed 9 African nations to serve as pilot countries for critical aspects of climate-smart development, with six pilot countries for climate resilience and three for sustainable forests. In addition, governments unanimously endorsed Ghana’s ambitious investment plan to transform and promote its renewable energy sector.
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.
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.
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.
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).
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.
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.