La Banque africaine de développement et le Fonds international pour le développement agricole (FIDA) ont signé le 2 février dernier à Abidjan, la lettre d’entente pour l’administration par la Banque du prêt octroyé par le FIDA au gouvernement burkinabé en vue du financement du Projet d’aménagement et de valorisation de la plaine de la Léraba (PAVAL), dans la région des Cascades à l’ouest du Burkina Faso.

The Board of Directors of the African Development Bank Group on Wednesday approved the Leveraging Energy Access Finance Framework (LEAF), under which the Bank will commit up to $164 million to promote decentralized renewable energy in six African countries.

The $800 million program will help spur commercial and local currency investments to scale up the activities of decentralized renewable energy companies in Ghana, Guinea, Ethiopia, Kenya, Nigeria, and Tunisia.

The Alliance will:

• Catalyze bankable, greener infrastructure projects at scale and speed
• Raise up to $500 million of early-stage project development and project preparation capital which aims to generate up to $10 billion in investment opportunities
• Support the continent’s transition to Net Zero emissions with investments in greener, climate-resilient and sustainable infrastructure

The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, on Wednesday approved funding of $12.13 million to finance additional activities under the Bank-sponsored Fish Town-Harper Road Project in Liberia.