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AfDB Provides $2.5m for Mozambique Renewable Energy Integration Program

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The African Development Bank (AfDB) has explained that the $2.5million funding from the Sustainable Energy Fund for Africa (SEFA) will be used to implement...

Côte d’Ivoire Secures $10.53m From AfDB For Electricity Access

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…targets approximately 500,000 inhabitants in 739 localities African Development Bank has approved $10.53 million in financial support to Côte d'Ivoire. It will enable the country...
AfDB to Focus on Investing in Africa's Women

AfDB to Focus on Investing in Africa’s Women

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The board of directors of the African Development Bank has approved a new gender strategy for 2021-2025 focusing on investing in Africa's women to...
AfDB Invests $5m in Clean Cooking Solution

AfDB Invests $5m in Clean Cooking Solution

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The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to...
NGOs Tasks AfDB against Support for Fossil Fuels in Africa

NGOs Task AfDB Against Support for Fossil Fuels in Africa

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Civil Society Organisations (CSOs) working to preserve the environment in Africa have written to the President, African Development Bank (AfDB), Mr Akinwunmi Adesina, asking...
Nigeria Puts Up Geregu, Omotosho, Calabar Power Plants for N434bn

Nigeria Looses N243bn in Power Generation in 10 Months

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Nigeria’s Electricity Generation Statistics between January and October shows that Nigeria recorded losses in power generation volume valued N243 billion. The October 2020 electricity generation...
NNPC Sells $120.49m Worth of Crude Oil, Gas in September

NNPC to National Oil Firms: “Set Aside Risk Funds”

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Nigerian National Petroleum Corporation has urged national oil companies to set aside risk funds to minimise the impacts of unforeseen events. The NNPC’s Group Executive...
Impact of FG’s N1.5tn Intervention in Power Sector Yet Elusive

FG Secures $6.15bn for Power Infrastructure – Mamman

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The Federal Government has secured $6.15 billion for infrastructural development in the power sector, a report says. The Minister of Power, Engr Sale Mamman, disclosed...
Total, Google Cloud Develop Solar Mapper

Total Secures $15bn Debt Financing to Develop Mozambique LNG

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French oil giant, Total has secured $14.9 billion in senior debt financing for its landmark Mozambique Liquefied Natural Gas (LNG) development, in spite of...
NGOs Tasks AfDB against Support for Fossil Fuels in Africa

AfDB’s SEFA Approves $760,000 Grant For Distributed Energy Projects In Sub-Saharan...

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The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA), has approved a $760,000 grant to Empower New Energy AS (EmNEW), to develop at...

AfDB Approves €8 Million EU-AIP Grant For Ruzizi IV Hydro Power...

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The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP)...

AfDB Approves $20m To Support Renewable Energy In Sub-Saharan Africa

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As part of the efforts to alleviate the financing constraints in renewable energy sector in Africa, the Board of Directors of the African Development...
Africa Development Bank

AfDB’s Support To Energy Sector Doubles To E410.66m In 3yrs

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...Supporting 7 Public Sector, One Private Sector Operations. African Development Bank is leading a collaboration of the Embassy of Germany in Rwanda, the KfW Development...
African Development Bank Group (AfDB) / Press release

African Development Bank Group (AfDB) / Press Release

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JOHANNESBURG, South Africa, December 6, 2019/APO Group/ -- Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up...
AfDB Invests $5m in Clean Cooking Solution

AfDB Signs Agreement To Open Central Africa Regional Headquarters In Yaoundé,...

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The African Development Bank (AfDB) Group signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal...
Africa Development Bank

AfDB Receives €40m From European Commission For SME Financing In Africa

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Chibisi Ohakah, Abuja Bank (AfDB) has announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new...
How Corruption Deprives Africa Uninterrupted Power Supply – CIPE

AfDB Adds To Energy Sector Grant For Comoros

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The African Development Bank (AfDB) has provided additional financing of €8.63 million to Comoros for the implementation of the Electricity Sector Support Project. The...

AfDB to double its climate finance to US$ 25 billion for...

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Peace Obi The African Development Bank, AfDB has pledged to double its climate finance commitments for the period 2020-2025. The Bank’s President, Akinwumi A. Adesina disclosed...
AfDB Invests $5m in Clean Cooking Solution

African Development Bank (AfDB) Internship Program

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  Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are...
AFDB to reach 29.3 million Africans with electricity by 2020

AFDB to reach 29.3 million Africans with electricity by 2020

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  In line with its High 5 development priorities and, in particular, its agenda to Light up and power Africa, the African Development Bank plans...