MAURITANIA: Over $289M in Financing to Develop Solar Power Generation, Transmission & Accelerate Energy Transition

Mauritania’s Minister of Economy and Sustainable Development, Abdessalam Mohamed Saleh, and the African Development Bank’s Deputy Managing Director for North Africa, Malinne Blomberg, signed, on Thursday in Nouakchott, financing agreements … Read More

Mozambique: AfDB’s Sustainable Energy Africa Fund for Africa Provides $2.5 Million to Increase Penetration of Renewable Energy

The Board of Directors of the African Development Bank (AfDB) has approved a grant of a grant of $2.5 million to the Mozambican government to develop renewable energy resources. The … Read More

Green Climate Fund Invests $150 million in Desert to Power G5 Sahel Financing Facility

The African Development Bank has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund (GCF). The GCF approved the amount at its … Read More

MOROCCO: Africa’s first Super Energy Service Company Gets $965,000 Grant

The African Development Bank’s Sustainable Energy Fund for Africa (SEFA)  is providing a $965,000 grant to Morocco’s Société d’Ingénierie Energétique (SIE), to support its transition into the first Super Energy … Read More

African Development Bank, Mozambique LNG Area 1 Project win Multilateral Deal of the Year Award for Global Syndicated Finance

The Mozambique Liquefied Natural Gas (LNG) Area 1 Project and the African Development Bank have jointly received the prestigious Global Multilateral Deal of the Year 2020 award by the print … Read More

African Development Bank Approves $43 Million Loan to Finance Second Phase of Power Transmission Project

The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a loan of UA 30 million ($42.9) million to finance the second phase of a major power transmission … Read More

African Development Bank approves $7 million in Sustainable Energy Fund for Africa (SEFA) Technical Assistance to Transform Mini-grid Investment in Africa

The  African Development Bank have approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the … Read More

IRENA and African Development Bank partner to scale up renewable energy investments in Africa

The International Renewable Energy Agency (IRENA) and the African Development Bank have agreed to jointly support investment in low carbon energy projects, a move expected to advance Africa’s energy transition. The two … Read More

Uganda: African Development Bank grants $500,000 for capacity development of MSMEs Within the Petroleum Sector

The African Development Bank  and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the … Read More