20/12/2010 - The African Development Bank (AfDB) and the European Investment Bank (EIB), on Tuesday, 14 December 2010, closed the financing agreement to provide € 45 million to design, construct and operate onshore wind farms on four islands in the Cape Verde archipelago. This will be one of the largest wind projects in Africa and first renewable energy public private partnership in sub-Saharan Africa. The project will provide over 28MW of electricity generating capacity and help the island reach an ambitious target of ensuring that 25% of local power needs are provided by renewable energy by 2012 and 50% by 2020. The project is being developed by InfraCo in a public-private partnership between the government of Cape Verde and local power utility Electra.
09/01/2009 - The African Development Bank (AfDB) Group and Cape Verde have signed a loan agreement of UA 5 million, equivalent to US$ 7.4 million or CVE 667,990,000 on Wednesday, January 7, 2009, in Tunis. Approved by the AfDB Board of Directors on December 22, 2008, the loan is designed to finance the Second Budget Support Programme to Cape Verde’s Poverty Reduction Strategy (PASRP-II).
16/04/2008 - The Bank Group signed on Thursday in Tunis a grant agreement of 35.70 million Units of Account (UA*), equivalent to US$ 58 million, to finance the Inga hydro-power stations, the Kinshasa distribution network and a rehabilitation and upgrading project (RDPMDP).