AfDB supports Clean Technology/Energy Investments

An Equity Investment of ZAR 100 Million for the Evolution One Fund

Tunis – 28 May 2009- The Board of Directors of the African Development Bank Group (AfDB) approved a ZAR 100 Million equity investment in the Evolution One Fund, the first specialized private equity fund focused on the acceleration and deployment of clean energy and sustainable technologies across southern Africa to mitigate the effects of climate change on the Continent.

AfDB: US$ 50 million equity investment in EMP Africa Fund II LLC

Tunis, 14th December 2005 – The Board of Directors of the African Development Bank (AfDB) through its private sector window has approved a US$ 50 million equity investment in the Emerging Markets Partnership (EMP) Africa Fund II LLC.  EMP Africa Fund II will be the largest investment fund operating in Africa targeting large corporations in sectors such as telecommunications, media, energy, water, environmental services, agribusiness, industry, tourism, infrastructure, financial services, mining, logistics, transport, storage, education and health.

Infrastructure and Investment in Africa

Dakar, 4 July 2006 – The President of the African Development Bank Group, Mr. Donald Kaberuka, ended a two-day official visit to Senegal on Monday, where he once more called for the strengthening of regional integration in order to accelerate growth on the continent.

Mr. Kaberuka arrived in Dakar on Saturday after attending the 7th Summit Meeting of the African Union in Banjul, The Gambia.