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African Development Bank plans R10bn in loans to Eskom

By: Reuters 7th November 2018 The African Development Bank plans to lend South African power utility Eskom around R10-billion ($720-million) in 2019 and 2020, the bank's president Akinwumi Adesina said. "We plan to lend around $620-million for the Medupi power plant, and around $100-million for Eskom's transmission network,... →

AfDB seeks partnerships to lift 1bn people out of hunger

By: Simone Liedtke 26th September 2018 The African Development Bank (AfDB) has called on global partners to join hands to lift one-billion people globally out of hunger. The finance institution said in a statement that it was leading the way by investing $24-billion in African agriculture over the next decade. →

AfDB head calls for agriculture technologies to optimize African farmers' output

By: African News Agency 10th August 2018 African farms should be given access to technologies that will enhance production, with evidence from countries such as Nigeria demonstrating that technology coupled with strong government backing are yielding positive results, African Development Bank (AfDB) president Akinwumi Adesina has said.... →

AfDB appoints Kapoor director general for regional office

By: African News Agency 2nd August 2018 The African Development Bank Group has appointed Dr Kapil Kapoor director general for its Southern Africa Regional Development and Business Delivery Office, it said late on Wednesday. It said Kapoor, who has been director for strategy and operational policies since 2012 when he joined the bank,... →

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, 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... →

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... →

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 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... →

$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 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. →

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... →

AfDB approves its second climate change action plan

By: Anine Kilian 9th November 2017 The African Development Bank (AfDB) has approved the ‘Africa Thriving and Resilient: The Bank Group’s Second Climate Change Action Plan, 2016-2020’ (CCAP2). “The approval of this document is propitious as it echoes the ongoing discussions at Conference of the Parties (COP) 23 in Bonn, Germany,... →

Ghana officials showcase progress on international airport project

By: David Oliveira 1st September 2017 The construction of a new terminal at Ghana’s Kotoka International Airport (KIA), in Accra, is expected to transport five-million passengers a year once completed in April next year. The project, funded by the African Development Bank (AfDB), with a $120-million facility, will not only improve... →

Japan-Africa initiative to help improve electricity access on the continent

By: John Muchira 11th August 2017 Efforts to increase electricity access in Africa have received a major boost following the launch of the Japan-Africa Energy Initiative (JAEI). Through the JAEI, the Japanese government intends to provide up to $6-billion in both concessional and nonconcessional loans to support the New Deal on... →

AfDB in $2bn project finance pact

By: Mia Breytenbach 28th July 2017 The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen their partnership at country level and jointly contribute to $2-billion over the next three years to finance projects in agriculture, food security, renewable energy, small... →

New Development Bank invited to join Africa’s power push

By: Mia Breytenbach 5th May 2017 African Development Bank Group (AfDB) president Akinwumi Adesina has invited the New Development Bank (NDB) to support Light up and power Africa – the first of five top priorities of AfDB’s continental transformation agenda. Speaking at the second annual meeting of the NDB, in New Delhi, last... →

AfDB appoints acting CFO, finance VP

By: Natasha Odendaal 2nd May 2017 The African Development Bank (AfDB) has appointed treasurer Hassatou Diop N’Sele as acting VP for finance and CFO, standing in until a successor is found for Charles Boamah, who has been appointed as senior VP. N’Sele, with 25 years of banking and finance experience, oversees investments of the... →

Africa50 appoints CEO

By: Anine Kilian 20th April 2017 The Pan-African infrastructure investment platform Africa50, which is funded by the African Development Bank (AfDB), has appointed Kenyan-born Carole Wamuyu Wainaina as CEO. She will lead a multidisciplinary team on the noninvestment side of the organisation, including investor relations,... →

Amid challenges, power sector offers massive opportunities

By: Nadine James 17th March 2017 Although the power and electricity sector in Africa faces massive challenges, it also offers massive opportunities, says Power & Electricity World Africa (PEWA) event organiser Terrapinn. →

Power & Electricity World Africa 2017

9th March 2017 Africa’s largest power and electricity show - Power & Electricity World Africa 2017 celebrates its 20th anniversary. The show welcomes over 7000 attendees and hosts a mecca of solution providers spanning 3 halls and thousands of square meters. Taking place in Johannesburg South Africa, this is a... →

AfDB appoints new regional director-generals to roll out business plans

By: Megan van Wyngaardt 25th November 2016 The African Development Bank (AfDB) has appointed Dr Tonia Kandiero as DG of its Southern Africa regional development and business delivery office, effective December 1. The office forms part of the AfDB’s new business approach to accelerate its business and development impacts across the continent. →

More needs to be done to meet Africa’s energy needs

8th July 2016 African Development Bank (AfDB) president Akinwumi Adesina believes that a lot more needs to be done in Africa, given the continent’s energy potential and the huge needs to be met. Energy is thus at the top of the AfDB’s five major priorities, with the energy and climate change theme highlighted... →

Johannesburg gears up to host Infrastructure Africa Business Forum

By: Natasha Odendaal 9th May 2016 Infrastructure Africa and the African Development Bank (AfDB) are preparing to host the 2016 edition of the Infrastructure Africa Business Forum, incorporating side event, the Africa Inclusive Infrastructure Forum, at the Sandton Convention Centre from June 9 to 10. The two-day conference and... →

AfDB pledges increased financial support for Mozambique

By: Mia Breytenbach 22nd April 2016 The African Development Bank Group (AfDB) has affirmed its commitment to continue supporting the growing Mozambique economy, particularly regarding the country’s energy, agriculture and infrastructure sectors. Leading a team of senior staff to Maputo earlier this month, AfDB president Akinwumi... →

Energy critical for Africa to benefit from 4th Industrial Revolution

By: African News Agency 22nd January 2016 Africa can take a quantum leap forward via the Fourth Industrial Revolution, but a stable supply of energy, as envisaged by the New Deal on Energy for Africa, was absolutely critical. This was the clear consensus at Thursday’s high-level session at the World Economic Forum in Davos, with... →

AfDB, Egypt sign $50m loan deal

By: Natalie Greve 13th October 2015 The African Development Bank (AfDB) and the government of Egypt have signed a loan agreement for $50-million from the Africa Growing Together Fund (AGTF) – a $2-billion special fund provided by China and managed by the bank to cofinance bank operations. This agreement complemented earlier signed... →

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