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AfDB pledges $12bn for Africa’s energy development

By: Marleny Arnoldi     Updated 1 hour 58 minutes ago The African Development Bank (AfDB) has placed access to sustainable energy development at the heart of its strategy, with the biggest priority ensuring improved access to electricity across the continent. AfDB power, energy, green growth and climate change VP Amadou Hott told delegates at the... 

Global interest in investing in African energy sector picking up – Minister

By: Marleny Arnoldi     Updated 2 hours 39 minutes ago The willingness and interest to invest in the African energy sector is picking up globally, says Mauritius Deputy Prime Minister and Energy and Public Utilities Minister Ivan Collendavelloo. Speaking at the Africa Energy Forum, now in its twentieth year, in Mauritius, on Tuesday, he said the... 

Plans for second runway at Kenya’s main airport in the balance

By: John Muchira     8th June 2018 Plans to construct a second runway at Kenya's Jomo Kenyatta International Airport (JKIA) are hanging in the balance, following an announcement by government that it was reviewing the economic viability of the project. Despite the Kenya Airports Authority (KAA) floating tenders for the project,... 

Summit discusses built environment trends, considerations for thriving Africa development

By: Marleny Arnoldi     31st May 2018 It has been a tumultuous period for the African continent, as since 2014 there have been many pressures affecting the macroeconomic environment – commodity prices took a significant knock, some economies dipped into a recession and the pressure was on from a number of credit ratings agencies.  

Africa50, Green Climate Fund, and AfDB to Develop Solar Projects in the Sahel through the Desert to Power Program

28th May 2018 On the margins of the African Development Bank annual meetings, the heads of Africa50, the Green Climate Fund (GCF), and the African Development Bank (AfDB) signed an agreement to collaborate on the Desert to Power Program for solar projects in the Sahel. Alain Ebobisse, CEO of Africa50 stressed... 

African Development Bank achieves historic disbursement of US $7.81 billion, exceeding 2017 target

24th May 2018 “Let me express my sincere gratitude to our Board of Directors, Management, and staff for their unflinching support during the trying times of 2017. As we look forward to accelerated delivery in 2018, I trust that I can count on your continuing support to transform Africa and African lives... 

AfDB, Korea agree to partner on Korea-Africa Energy Investment Facility

By: Simone Liedtke     23rd May 2018 The government of Korea and the African Development Bank (AfDB) have signed a letter of intent to launch the Korea–Africa Energy Investment Facility (KEIF), which will provide significant support to the New Deal on Energy for Africa, which aims to achieve universal access to energy.  The signing,... 

AfDB, Aims partner to strengthen, leverage maths, science skills in Africa

By: Marleny Arnoldi     23rd May 2018 The African Development Bank (AfDB) has signed a letter of intent (LoI) with the African Institute for Mathematical Sciences (Aims) aimed at identifying opportunities for potential partnership between the two institutions.  

AfDB, Unido sign MoU to improve Africa’s industrialisation

By: Marleny Arnoldi     21st May 2018 The African Development Bank (AfDB) and the United Nations Industrial Development Organisation (Unido) have signed a memorandum of understanding (MoU) to step up collaboration that will boost Africa’s industrialisation. 

AfDB officially launches Africa Investment Forum

By: Anine Kilian     8th May 2018 The African Development Bank (AfDB) on Tuesday launched its Africa Investment Forum (AIF), which will seek to attract investment and public–private partnerships aimed at transformative development on the continent. “The AfDB is championing the AIF as a platform to actively engage the private... 

Development agendas to curb power woes

4th May 2018 Sub-Saharan Africa is burdened with a complex and persistent electricity gap that is difficult to bridge in the medium to long-term owing to population growth, says intergovernmental partnership Nile Basin Initiative (NBI) programme officer Grania Rubomboras. To address the increasing population... 

Kariba dam rehabilitation project, Zambia and Zimbabwe

By: Sheila Barradas     4th May 2018 The Zambezi River Authority has embarked on the final stage of the project with the launch of a tender for the spillway rehabilitation works. 

Tanzania asks bank to finance hydropower project in heritage site

By: Reuters     30th April 2018 Tanzania has approached the African Development Bank (AfDB) to finance a 2 100 MW hydroelectric plant in a World Heritage site renowned for its animal population, despite concerns from conservationists. The East African nation considers the project at Stiegler’s Gorge in the UNESCO-designated... 

Kariba dam rehabilitation project, Zambia/Zimbabwe

By: Sheila Barradas     27th April 2018 The Kariba dam rehabilitation project is progressing steadily. 

Zambezi River Authority launches Kariba dam spillway rehabilitation works tender

By: Marleny Arnoldi     25th April 2018 The Zambezi River Authority (ZRA) has embarked on the final stage of its Kariba Dam rehabilitation project (KDRP) with the launch of a tender for the spillway rehabilitation works to a shortlist of three prequalified companies – China Gezhouba Group, the CMC/ATB Kariba joint venture and GE Hydro... 

EAIF raises $385m in new debt financing to drive five-year business plan

By: Simone Liedtke     10th April 2018   The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), has completed its latest fundraising round, raising $385-million in new long-term debt capital to invest in Africa. 

West African exchange in charm offensive

By: Martin Zhuwakinyu     6th April 2018 It is refreshing to notice that the regional stock exchange in the French-speaking West African Economic and Monetary Union (WAEMU) is not keeping the eight-country bloc’s shining light under a bushel. The WAEMU region – which comprises Cote d’Ivoire, Benin, Togo, Burkina Faso, Niger, Mali,... 

Long way to go

By: Terence Creamer     6th April 2018 The signing, by 44 African countries, of the African Continental Free Trade Area (AfCFTA) is encouraging, albeit that the development is at odds with the current global backlash against freer trade. It should be noted that South Africa did not sign the agreement in Kigali, Rwanda. However,... 

Governance key to boosting intra-Africa timber trade – AfDB report

By: Simone Liedtke     23rd March 2018 A new report by the African Development Bank’s (AfDB’s) African Natural Resources Centre has stressed the importance of forestry governance to boosting intra-African trade of wood products. The report, titled ‘Assessing forest law enforcement, governance and trade in Africa’, was launched on... 

AfDB teams up with international organisation to drive solar development in Africa

By: Simone Liedtke     19th March 2018 The African Development Bank (AfDB) has signed a joint declaration with the International Solar Alliance (ISA) to promote the development of solar energy in Africa. The joint declaration recognises the bank's leadership in working with several parties, including governments, the private sector... 

Kazungula Bridge set to open corridor between Zambia, Botswana

By: African News Agency      14th March 2018 The Kazungula Bridge project is set to open up the transport corridor between Zambia and Botswana, a move which will see Zimbabwe lose out on transit revenue. The project is being carried out with partial financial assistance from the African Development Bank (AfDB). The primary objective of the... 

Southern Africa likely to see GDP growth above 2% in the next two years

By: Anine Kilian     12th March 2018 The African Development Bank (AfDB) expects real gross domestic product (GDP) growth in the Southern African region to improve to 2% in 2018 and then to 2.4% in 2019. The'Southern Africa Economic Outlook Report 2018', released by the AfDB, in Pretoria, on Monday, states that there is cautious... 

AfDB secures $52.5m to fund renewable energy projects in Zambia

By: Marleny Arnoldi     7th March 2018 The board of the Green Climate Fund (GCF) has approved the first funding proposal of the African Development Bank (AfDB) for Zambia’s renewable energy financing framework, providing a $50-million loan and a $2.5-million grant.  

AfDB expresses strong support for new Eskom leadership

By: Terence Creamer     20th February 2018 The African Development Bank (AfDB), which has extended loan facilities worth a collective R20-billion to South Africa’s power utility Eskom, expressed confidence on Tuesday that the new leadership at the cash-strapped State-owned company would restore the group’s governance and creditworthiness.... 

WSP to develop 330 kV Zambia-DRC electricity transmission line

By: Dylan Slater     13th February 2018 The Southern African Power Pool has appointed UK-based engineering consultancy WSP to develop a proposed 330 kV electricity interconnector between Zambia and the Democratic Republic of Congo (DRC).  

AfDB boosts ALBC Fund books with R140m loan

By: Megan van Wyngaardt     5th February 2018 To further enhance the African Local Currency Bond Fund (ALCB Fund) portfolio and promote the development of domestic capital markets across the continent, the African Development Bank (AfDB) has approved a loan of R140-million. The senior loan, with a seven-year tenor including a two-year grace... 

AfDB renews commitment to connect 29.3m Africans to electricity grids

By: Megan van Wyngaardt     30th January 2018 The African Development Bank (AfDB) plans to provide 29.3-million people on the continent with access to electricity by 2020. Speaking during meetings of the United Nations Economic Commission for Africa, in Addis Ababa, at the weekend, AfDB president Akinwumi Adesina pledged support for the New... 

Investments accumulated to catalyse off-grid energy development

By: Dylan Slater     26th January 2018 Multilateral development bank African Development Bank’s (AfDB’s) board approved a $30-million investment in the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF) last month.  

Guidance note on support for off-grid renewable energy launched

By: Dylan Slater     19th January 2018 The first edition of the Off-Grid Government-Industry Dialogue (OGID) Day – which took place in Abidjan, Côte d'Ivoire during October – resulted in the launch of a guidance note for governments. The note aims to share recommendations for policymakers about how they can support the off-grid... 

$324m for Morocco, Côte d’Ivoire renewables projects

By: Dylan Slater     19th January 2018 The African Development Bank (AfDB) has approved $324-million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies and boost economic growth in those countries.  

AfDB to support Mozambique rail project with $300m

By: Megan van Wyngaardt     20th December 2017 The African Development Bank (AfDB) is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the $5-billion Nacala corridor rail and port project, supporting the project with $300-million from its private sector window. After years of financial... 

Blaise Diagne International Airport, Senegal

By: Sheila Barradas     15th December 2017 The airport is open to passengers. 

eThala Biomass-To-Power Project

12th December 2017 eThala Management Services has received a Project Preparation Grant (PPG) from the Sustainable Energy Fund for Africa (SEFA) administrated by the African Development Bank to undertake project preparation/development activities for the proposed eThala Biomass-to-Power Project to approach... 

AfDB grants loan support to two African renewable energy projects

By: Dylan Slater     11th December 2017 The African Development Bank (AfDB) has approved $324-million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies and boost economic growth in those countries.  

Thwake multipurpose water development programme, Kenya

By: Sheila Barradas     1st December 2017 The Makueni and Kitui county governments have respectively signed a contract to build the Thwake multipurpose dam.  

Vale, partner Mitsui ink $2.7bn Nacala coal corridor funding

By: Henry Lazenby     28th November 2017 Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port. Vale said in a press... 

Renewable energy, critical to meeting Africa’s energy needs by 2040

27th November 2017 Africa, filled with many developing nations, provides the ideal opportunity for the application of renewable energy solutions and technologies.  About 635 million Africans still live without electricity and demand for energy is rising rapidly.   Given the lack of power supply, especially in the... 

Financing secured for solar projects in Egypt

By: Nadine James     17th November 2017 European photovoltaic (PV) specialist Scatec Solar announced that it had secured financing of $335-million to fund its portion of the development of six 400 MW utility scale PV power plants which will be located in the Benban solar park in the City of Aswan in Egypt. The company secured funding... 

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