News & Events
19/06/2017 - Le Fonds des Energies Durables pour l’Afrique (SEFA), logé à la Banque Africaine de Développement (BAD), a approuvé un don de 985,500 dollars EU pour améliorer la bancabilité et atteindre le bouclage financier d’un projet intégré, comprenant la construction de deux petites centrales hydroélectriques et des réseaux de transmission et de distribution.
05/05/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) has approved a US$ 965,000 grant to Oxygen Energy Private Limited to support the preparation of a bankable business case for the development of a 20MW off-grid solar PV rooftop project on buildings owned and managed by Old Mutual Property Group Zimbabwe countrywide. The joint Oxygen and Old Mutual Zimbabwe project aims at compensating for the significant baseload lapses of the national grid and at providing reliable electricity to hundreds of Small and Medium Enterprises (SMEs) that are already tenants at the Old Mutual premises. In doing so, the Project will substitute large quantities of diesel oil used as backup fuel.
30/03/2017 - The African Development Bank (AfDB) brought together more than 180 stakeholders across the off-grid energy sector on Tuesday, March 28, in the context of “Energy Week” at the Bank’s headquarters in Abidjan to discuss interventions to support the scale-up of energy access investments. The overarching objective was to unleash an “Off-Grid Energy Revolution”, to provide up to 75 million households and businesses not covered by the power grid with modern, clean and affordable electricity using decentralized solar technologies.
27/02/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $995,000-grant to the Republic of The Gambia to implement a programme to facilitate private investments in Green Mini-Grids (GMG) through the creation of an enabling policy, institutional and regulatory framework, as well as direct support to project development and financing.
05/01/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $992,000-grant to support the preparation of 7.8-MW hydropower project (HPP) in Kenya. The project is based on standard run-of-the-river technology, but features an innovative community ownership structure, where financial returns will also accrue to members of the Mutunguru community in Central Kenya, mainly due to a shareholding structure where communities actually receive a fixed small share of the project’s profits.
05/01/2017 - The African Development Bank-hosted Sustainable Energy Fund for Africa (SEFA) approved on November 29, 2016 a US $870,000 preparation grant for Tanzania’s the Rural Energy Agency (REA) to structure the Renewable Energy Investment Facility (REIF), which will provide affordable finance to private sector clean energy projects providing energy access to rural communities in Tanzania. Specifically, the SEFA grant will include advisory support, development of operational guidelines, risk mitigation framework, fund manager identification, technical and institutional support for the REA towards the establishment of REIF and capacity building for relevant public sector institutions/agencies and private sector project developers.
15/12/2016 - 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. These include a complete technical feasibility study, environmental and social impact assessment, a feed and detailed engineering design, as well as project management activities. This support is part of the African Development Bank’s (AfDB) efforts to scale up private investments in renewable energy.
14/12/2016 - 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. The investment, which is expected to catalyze energy access for an estimated 3 million people, is rooted on the Bank’s New Deal on Energy for Africa and increasing global recognition on the importance of energy access in Africa.
10/11/2016 - The United States Agency for International Development (USAID) through the Power Africa initiative, reaffirmed its commitment to the African Development Bank-led Sustainable Energy Fund for Africa (SEFA) initiative with a second tranche of funding of US $11 million towards fulfilling its overall commitment of US $20 million. The signing ceremony took place after the Power Africa Panel on Off-Grid Finance, within the precincts of the U.S. Center at the ongoing 22nd Conference of Parties to the United Nations Framework Convention on Climate Change (COP22) in Marrakech, Morocco.
27/10/2016 - The Deep Ocean Water Applications (DOWA) project in Mauritius supported by the Sustainable Energy Fund for Africa (SEFA) marked a new milestone last week by welcoming the largest marine engineering platform of its kind – ‘Joseph Plateau’ – in Port Louis. The vessel will carry out detailed offshore marine surveys to introduce an innovative low carbon technology that lowers building cooling costs using cold ocean water – a first of its kind in Africa.