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What happens to the African Energy Industry if Western Lenders cut off Loans for Fossil Fuel Projects?

By NJ Ayuk A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil fuels. Specifically, it said … Read More

Are African Development Bank (AfDB)’s financing policies climate-friendly?

(By Wangeci Migwi, Amy Giliam and Nicole Rodel) With the climate crisis threatening over half of the global GDP, there can be no business-as-usual when the world begins to plan … Read More

South Sudan Investing Oil Proceeds into Productive Sectors such as Agriculture and Infrastructure

The government of the Republic of South Sudan is working hard to transform the country and the lives of its people. This year was particularly tough on the east African … Read More

AfDB approves $100M to seed the establishment of $500M Facility for Energy Inclusion

The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 100 million, comprising USD 50 million equity and USD 50 million convertible senior … Read More

AfDB affirms commitment to funding Menengai Geothermal Project

The African Development Bank (AfDB) has reaffirmed its commitment to supporting the Menengai Geothermal Project during a tour of the project by the AfDB Vice President and Special Envoy on … Read More

ALSF trains Somalia government officials on Production Sharing Agreements

The Somali government reached out to the African Legal Support Facility (ALSF) for support in preparing its technical ministries for the negotiation of any potential production sharing agreements (PSAs) if … Read More

Lake Turkana Wind Power Project Achieves Financial Close

Following the financial close of Lake Turkana Wind Power Project (LTWP) on 11 December 2014, LTWP has received the first disbursement of funds pursuant to financing agreements signed in March … Read More

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