The Wide World Fund for Nature (WWF) and the African Development Bank have joined forces to advance the work of the Africa Nationally Determined Contributions (NDCs) Hub in addressing the impacts of climate change on the continent.

The African Development Bank’s Climate Change and Green Growth Department set up the African Nationally Determined Contributions Hub last August to serve as a resource pool for regional member countries, and to coordinate activities across various related sectors.

The Off-Grid Energy Access Fund (OGEF) had its first close on Thursday, 2 August 2018 with committed capital of US$ 58 million from the African Development Bank, the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.

In July 2016, the Republic of Niger was awarded a US $994,270 grant from the African Development Bank-hosted Sustainable Energy Fund for Africa (SEFA) to promote green mini-grids (GMGs) and pave the way for private investments in this sub-sector.

The Government of the Republic of Namibia and the African Development Bank have signed a loan agreement worth US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia Economic Governance and Competitiveness Support Programme (EGCSP II).

The agreement was signed on 14 August 2018 by Namibian Finance Minister Carl H. G. Schlettwein and Dr. Josepine Ngure, Bank Deputy Director General, Southern Africa Regional development, on behalf of the Bank Group.

The African Development Bank Group (AfDB) on September 19, 2017, announced the debarment of Entreprise de Construction Urbaine et Rurale (ECUR) for a minimum period of three years. An investigation conducted by the AfDB’s Office of Integrity and Anti-Corruption established that ECUR engaged in a fraudulent practice in the execution of a road rehabilitation project in Mali: The company submitted a forged bank guarantee to secure an advance payment on a works contract financed by the AfDB.