Fossil fuel subsidies are often used by governments to promote eonomi development or alleviate poverty. But they have been proven as an ineient means of ahieving their primary goal of poverty redution. Rather they have reated market distortions and enouraged wasteful onsumption. The reent energy...

The African Water Facility (AWF) announced on January 19, 2015 that it has approved a €1.07-million grant for the development of an Integrated Comprehensive Sanitation Plan for the Seychelles. The 10-year plan will follow an integrated approach, looking at the synergies with related sectors such...

The Lake Turkana Wind Power Project (LTWP) reaches financial close following an eight-year journey. Earlier this month, the EUR 623-million project marked a significant milestone with financial close, making it the largest private investment in Kenya’s history. This project has won...

On December 18, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a US $22.49-million loan to Zambia for the development of Lake Tanganyika. This project has been formulated as part of the long-term vision for Zambia ("Vision 2030") by which it intends to become...

The Sustainable Energy Fund for Africa (SEFA) approved a US $842,000 grant to dVentus Technologies – a technology-based and knowledge-driven company focused on the development of innovative and energy efficiency products for the energy sector – to support their corporate expansion in the energy...

The project is fully aligned with both the Bank’s CSP for Egypt (2007 –2012), which aimed at supporting infrastructure, including energy, for the overall objective of fostering a private-sector led growth. Government’s development strategy was to support socio-economic development in Egypt by...

The African Development Bank (AfDB) will issue a grant of US $990,000 to finance three studies under an energy sector support programme in Swaziland. The objective of the programme is to provide technical assistance to Swaziland aimed at promoting investment in the electricity supply industry to...

The Board of Directors of the African Development Bank Group, during its ordinary sitting on Monday, December 15, 2014 in Abidjan, approved a proposed ADF loan of US $39 million to the Republic of Zambia, and a grant of US $12 million from the Bank’s Transition Support Facility (TSF) and a grant of...

The Sustainable Energy Fund for Africa (SEFA) approved a US $580,000 preparation grant for the expansion of Green Energy & Biofuels (GEB) Bio-refinery project in Nigeria. The project is a pilot of Small & Medium Entrepreneurship Fundamentals (SMEFunds), a social enterprise based in Lagos,...