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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

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

Energy Transition Plays Role in Driving FIDs Across Africa

Hosted by Africa Oil & Power and the African Energy Chamber, the ‘Closing Deals: Advancing FID During COVID-19’ webinar addressed the prioritization of energy projects in an environment of limited … Read More

African Development Bank welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix

The African Development Bank has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund CTF), one of two funds within the Climate Investment Funds (CIF), to extend … Read More

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