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Africa50 to Develop Solar Power in Nigeria
16-Dec-2016 - Africa50, the infrastructure fund for Africa, has signed a joint development agreement (JDA) for an 80 MW (AC) solar photovoltaic independent power project in Nigeria. The project, near Dutse in Jigawa state, will be co-developed with Scatec Solar, a Norwegian integrated independent solar power producer, and Norfund, the Norwegian Investment Fund for Developing Countries.The African Development Bank Group approves Africa Renewable Energy Initiative (AREI)
16-Dec-2016 - The Boards of Directors of the African Development Bank (AfDB) have endorsed the proposal by the Bank’s Management to serve as Trustee to administer and manage the resources of Africa Renewable Energy Initiative (AREI), and also to host the AREI Independent Delivery Unit as requested by African Heads of State and Government.AfDB Group provides USD 250 million to support ENABLE Youth Nigeria program
16-Dec-2016 - The Board of Directors of the African Development Bank Group (AfDB), has approved the ENABLE Youth Nigeria program, and will provide a USD 250 million loan, to contribute to job creation, food security and nutrition, rural income generation and improved livelihoods for youths in both urban and rural areas. The specific objective of the program is to create business opportunities and decent employment for young women and men along priority agricultural value chains of the various enterprises (aquaculture, crops farming, marketing, processing,...AfDB approves USD 80 million loan and USD 20 million equity to Kainji and Jebba Hydro Power Project in Nigeria
16-Dec-2016 - The Board of Directors of the African Development Bank (AfDB or the Bank) has approved a financing package of USD 100 million, comprising USD 80 million loan and USD 20 million equity for the rehabilitation of the Kainji and Jebba hydro plants to increase available capacity from the current available capacity of 917 MW to installed capacity of 1,338.4 MW. The Kainji and Jebba plants are one of Nigeria’s cheapest and steadiest suppliers of electricity.Partners join forces to improve wastewater management and sanitation in Africa
16-Dec-2016 - A new project has been launched to improve wastewater management and sanitation provision in Africa. The project, led by the African Development Bank, UN Environment and GRID-Arendal, will improve knowledge on wastewater management and sanitation provision. By assessing management of wastewater, including its impact on human health and the environment, the three-year project will focus on wastewater, sanitation services and safe drinking water.AfDB showcases opportunities for women’s economic empowerment at conference in Cairo
15-Dec-2016 - The African Development Bank (AfDB), through its Egypt Country Office, co-organized a roundtable discussion with the Arab Women Organization on the “The Role of Businesswomen in Achieving Women’s Economic Empowerment” during the sixth Arab Women Organization (AWO) conference in Cairo on December 13 and 14. Moderated by prominent media anchor Hafez Al Marazi, the lively sessions were attended by more than 60, many of whom were entrepreneurs or from major Arab business associations.
USAID and ADEA organize a joint sub-regional meeting in Dakar to promote the launch of the Global Book Alliance
15-Dec-2016 - The United States Agency for International Development (USAID) and its partners have launched an initiative named “the Global Book Alliance (GBA),” aimed at transforming and advancing current book design, acquisition, distribution and use especially in Africa and Asia, to ensure that students have the books they need in their mother tongue – in order to learn how to read and read to learn.AfDB approves USD 159 million corporate loan to Ethiopian Airlines to finance expansion plan and fleet modernization program
15-Dec-2016 - The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 159 million to partly finance Ethiopian Airlines’ expansion plan and fleet modernization program. The package comprises two tranches, with the first tranche (85% of the financing) being covered by African Trade Insurance, Africa’s export credit agency, which will be providing credit risk insurance to the transaction.
Tunis- La BAD et la société civile d’Afrique du nord s’engagent pour un mécanisme de collaboration performant
15-Dec-2016 - La Banque africaine de développement (BAD) et les organisations de la société civile (OSC) d’Afrique du nord se sont engagées, le 15 décembre 2016 à Tunis, en Tunisie, à mettre en place un Comité BAD-Société civile renforcé et performant. C’était lors de la clôture des consultations régionales démarrées le 13 décembre 2016, dont l’objectif est de renforcer le partenariat entre les deux parties pour atteindre les objectifs opérationnels de la BAD.Improving aid effectiveness and transparency in AfDB’s Rural Water Sector
15-Dec-2016 - Rural water supply and sanitation task managers and experts of the African Development Bank (AfDB) have discussed how to enhance transparency and aid effectiveness through online reporting, communications and monitoring of AfDB-financed projects.SEFA Funds preparation of first-ever Biomass Gasification Project in Uganda
15-Dec-2016 - The Sustainable Energy Fund for Africa (SEFA) approved on December 13 a US $993,000 grant to the Earth Energy Company Limited, a Ugandan firm, to prepare the first-ever biomass gasification project in the country, expected to add 20 Megawatts of baseload power to the national grid. Specifically, the grant will facilitate the conduct of preliminary studies needed for the project to kick off.African Development Bank to sink US $20 million in Port Sudan urgent water and sanitation project
15-Dec-2016 - In collaboration with the UK Department of International Development (DfID), the African Development Bank (AfDB) concluded a project identification mission to Port Sudan on December 13, 2016. The mission sought to hold discussions with authorities and stakeholders on the possibility for the AfDB to finance the Port Sudan Priority Water and Sanitation (PSPWS) project as part of its joint efforts with DfID to address Port Sudan’s short-, medium- and long-term water needs.The African Legal Support Facility hosts workshop on mining contract negotiations for Malawi government officials
15-Dec-2016 - A five-day training workshop on the negotiation of mining contracts commenced on December 13 in Lilongwe, Malawi. Convened by the African Legal Support Facility (ALSF), in partnership with the International Senior Project Lawyers (ISLP) and the African Mining Development Centre (AMDC), the training is designed to equip government officials with the skills to negotiate mining agreements.African Development Bank approves US$ 500 million 2nd tranche of budget support loan to Egypt
15-Dec-2016 - The Board of Directors of the African Development Bank (AfDB), has approved a loan of US$ 500 million to finance Egypt’s economic governance and energy support program phase II. The loan is the second tranche of a three year, US$ 1.5 billion programmatic series, covering the fiscal years 2015/16 to 2017/18 (July-June). It builds on the first phase of the operation, a US$ 500 million loan that was approved in December 2015 and was fully disbursed in early January 2016.
Niger: strengthening climate change resilience
14-Dec-2016 - In the heart of West Africa, Niger endures long periods of drought. More than US$350 million have been invested since 1980 in operational programmes, including sustainable land management. Faced with the effects of climate change and challenges due to periods of intense drought, the Government of Niger has decided to act decisively. The goal? To help its people to fight the consequences of climate change and ensure inclusive development and growth.AfDB approves USD 250 million loan and EUR 5 million grant for rebuilding, recovery and stabilization in North East Nigeria
14-Dec-2016 - The Board of Directors of the African Development Bank Group (AfDB), has approved a financing package comprising USD 150 million ADB Loan, USD 100 ADF Loan and the EUR 5 million RWSSI Grant Facility, to finance the Inclusive Basic Service Delivery and Livelihood Empowerment Integrated Programme (IBSDLEIP), in support of operationalizing the “Buhari Plan” for Emergency Transition, Recovery and Peacebuilding for North East states in Nigeria.AfDB approves USD 50 million equity investment and USD 50 million convertible loan to seed the establishment of the multi-investor USD 500 million Facility for Energy Inclusion (FEI)
14-Dec-2016 - The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 100 million, comprising USD 50 million equity and USD 50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.
AfDB convenes an innovation workshop to accelerate energy access through an innovative pay-as-you-go model: PAYG 2.0
14-Dec-2016 - On December 9, 2016, The New Deal on Energy Task Force hosted an Innovation Workshop to explore pioneering business models to scale access to pay-as-you-go (PAYG) payment models for off-grid solar energy.