The African Development Bank, on 19th December 2016, signed a loan of US$ 500 million to finance the Egypt Economic Governance and Energy Support Program Phase II. The loan, which was approved by the Bank’s Board of Executive Directors on 13th December 2016, is the second tranche of a three year,...

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...

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...

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 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...

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. Africa is the birthplace of new, innovative, sustainable business models that are...

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...

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,...

Strong donor commitment despite a difficult global economic environment Resources devoted to countries affected by situations of fragility to increase ADF to scale-up support to the private sector A global coalition of donors pledged to support the structural transformation of African...