The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank,  has approved a US$1 million  grant  to Independent Power Producers (IPP) in Angola to encourage private investment in renewable energy.

The African Development Bank (AfDB) on Thursday, September 21, 2017, joined partners from the African Union Commission, African governments, key United Nations agencies and development finance institutions to renew support for African countries’ industrialization.

His Majesty King Letsie III of the Kingdom of Lesotho made a commitment to mobilize and engage with African Heads of State and Finance Ministers to rally behind the African Leaders for Nutrition initiative in the upcoming African Union Summit in January 2019.

The announcement follows a joint visit of African Development Bank Director of Human Capital, Youth and Skills Development, Oley Dibba-Wadda and African Union Commission Head of Health Nutrition and Population, Department of Social Affairs, Margaret Agama-Anyetei to the Kingdom of Lesotho.

African leaders, UN officials, and representatives of international finance institutions and of the private sector met on Thursday, September 21 at the United Nations Headquarters to reaffirm their commitment to a broad-based international partnership to industrialize Africa in a socially inclusive and environmentally sustainable manner. The African Development Bank was represented by Amadou Hott, the Bank’s Vice-President for Power, Energy, Climate and Green Growth.

The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank’s strategies to create jobs and raise household incomes.

The loan, approved by the Bank’s Board on Wednesday, will support the modernization of beef, pork and fish production, with significant improvements to food and nutrition in the country.