Côte d’Ivoire will boost its electricity production through a 44-megawatt hydroelectric power project supported with a €50 million African Development Bank financing loan, approved on Wednesday, 6 September 2017 in Abidjan.
Located at about 148 km north of Abidjan, the Singrobo-Ahouaty...
In line with the New Deal on Energy for Africa, the African Development Bank has approved US$324 million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies and keep economic growth on track....
07-Dec-2017
Tanzania: African Development Bank accelerates development pace with ‘High 5’ priorities
he African Development Bank’s 2017 Country Results Brief released recently is dedicated Tanzania. The report analyzes Tanzania’s economic situation as a country at the crossroads that has maintained an average growth rate of 6% over the last decade — supported by the industrial sector...
The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved US $ 985,000 to Parque Eólico da Namaacha S.A SPV, to support project preparation activities for a utility-scale wind farm project in Mozambique.
The project will provide reliable and clean...
The World Wide Fund for Nature (WWF) and the Africa Development Bank (AfDB) have announced a new three-year partnership agreement. The agreement comes on the heels of a three-year Memorandum of Understanding (2014-2017) in which the two organizations committed to deliver major eco-conservation...
The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of € 150m to help finance the 420 MW Nachtigal hydroelectric project, with the financial support of other partners.
Nachtigal, will come online in 2022, thereby increasing the county’s existing electricity...
The African Development Bank (AfDB) will participate at the 5th African Union Commission (AUC) and European Union (EU) Summit taking place in Abidjan, Côte d’Ivoire, from November 29-30, 2017. The Summit is organized by the President of the European Council, the President of the European...
24-Nov-2017
AfDB approves US $97.79 million for financing energy transmission and distribution upgrade in Ethiopia
The African Development Bank (AfDB) Board of Directors approved on Wednesday, November 22 a US $83.64-million African Development Fund (ADF) loan and US $14.15-million ADF grant to the Federal Democratic Republic of Ethiopia, to finance part of the cost for the Addis Ababa Transmission and...
The African Development Bank Group’s Board of Directors has approved a loan of €180 million to the Republic of Cameroon to finance the first phase of the government’s Competitiveness and Economic Growth Support Programme (PACCE).
PACCE is the first of a three-year programmatic general budget...