On Thursday, 10th October 2013, the African Development Bank (AfDB), rated Aaa/AAA/AAA, launched its inaugural Green Bond transaction.
As the momentum in Africa builds toward development embedded with climate action, the AfDB Green Bond program is providing countries with financing for programs...
09-Oct-2013
La BAD finance une étude pour l’amélioration de l’accès à l’énergie électrique au Tchad et au Cameroun
Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé le 7 octobre à Tunis le financement par le Fonds africain de développement (FAD) de l’étude du projet d’interconnexion des réseaux électriques du Cameroun et du Tchad. Le projet vise la réalisation...
09-Oct-2013
AfDB mobilizes USD 8.93 million of adaptation finance from the Global Environment Facility for Togo
The Council of the Least Developed Countries Fund (LDCF) hosted by the Global Environment Facility has approved on September 20, 2013 a project aiming at strengthening climate resilience of infrastructure in coastal areas in Togo through a grant of USD 8.93 million. This project will enable the...
The African Development Bank (AfDB) organized the first African stakeholder consultation meeting on the Green Climate Fund (GCF) in Tunis on 26-27 September, 2013. The objective of the meeting was to provide a platform for the African Board Members of the Fund to interact with their African...
04-Oct-2013
AfDB approves US $150-million loan to support access to reliable electricity supply in Zambia
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 2 a senior loan of up to US $150 million to finance a 300MW coal-fired power plant as well as the revamping of the Maamba coal mine in Maamba, Zambia. The project aims to tackle a severe environmental...
04-Oct-2013
SEFA and WAFCEF partners gather in Ghana to present best clean energy entrepreneurs in West Africa
The Sustainable Energy Fund for Africa (SEFA), a multi-donor initiative administered by the African Development Bank (AfDB), will participate at the West Africa Clean Energy Finance Forum (WAFCEF) to recognize the finalist entrepreneurs identified throughout 2013 by a team from the various event co...
03-Oct-2013
AfDB, largest financier of clean energy on the African continent with $4.3 billion in energy projects
Between 2011 and 2012, the African Development Bank (AfDB) increased by a staggering 92% its investment in clean energy in Africa, according to a new report by Bloomberg New Energy Finance. The publication looks at the clean energy transactions of 26 national and multilateral development banks from...
02-Oct-2013
Sierra Leone - Transitioning Towards Green Growth: Stocktaking and the Way Forward - Full Report
This knowledge product is part of the work undertaken by the African Development Bank in the context of its new Strategy 2013-2022, whose twin objectives are “inclusive and increasingly green growth”. The Bank provides technical assistance to its regional member countries for engaging on a green...
02-Oct-2013
Sierra Leone - Transitioning Towards Green Growth: Stocktaking and the Way Forward - Executive Summary
Sierra Leone has made an impressive recovery since the end of its civil conflict in 2002, with an average annual GDP growth rate of 5–6%. Poverty has dropped from 66.4 in 2003 to 52.9 in 2011. However, challenges remain, and social indicators, though improving, remain very low; for example, only 12...