The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.

The European Commission will contribute an additional €10 million. The Bank’s investment, which will come from its Sustainable Energy Fund for Africa (SEFA), is expected to enable the participation of other interested investors. As an anchor investor, the Bank will channel first-loss equity from SEFA and the European Commission thematic blending facility.

The Bank’s Board has approved a new People Strategy for the next five years, designed to enhance the Bank’s standing as the continent’s premier development institution.

The strategy seeks to tap the Bank’s human capital – its most valuable resource – to deliver, through the institution’s projects, optimal development results for the people of Africa.

A key management commitment made as part of the 2019 General Capital Increase, the People Strategy is designed to:

La Banque africaine de développement obtient des résultats satisfaisants à Madagascar, selon le rapport à mi-parcours du document de stratégie-pays (DSP) pour la période 2017-2021 et la revue de performance du portefeuille-pays 2019, approuvés le 25 novembre à Abidjan par le Conseil d’administration de la Banque.

The African Development Bank, the Climate Investment Funds (CIF) and the ENERGIA International Network on Gender and Sustainable Energy have jointly launched country briefs offering new insight into gender and energy in Africa.