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Mauritania greenlights development of green hydrogen project

Benefiting from Mauritania’s world-class solar and wind resources, Project Nour has the potential to allow the country to produce the cheapest green hydrogen in Africa.

Private sector accelerating energy access in Africa

Global solar developer Renewvia Energy has secured $10 million from private equity firm Claritas Capital to accelerate company growth in the US and Africa.

AfCFTA scales up local content initiatives in Nigeria

The implementation of the AfCFTA allows Nigeria to increase local content initiatives, expand economic activity and drive local capacity.

Angola signs $1.5b solar and water projects MoU with US company

Angola has signed a Memorandum of Understanding (MoU) with Sun Africa and US-based AfricaGlobal Shaffer to create the largest mini-grid energy project in Africa. This is part of a $1.5 billion project to be implemented by Sun Africa.

African Development Bank elects new President to lead

Last week the African Development Bank’s (AfDB) Chairman of the Board of Governors, Albert Toikeusse Mabri, announced the election of Dr Akinwumi A. Adesina...

AfDB signs a landmark agreement with Islamic Development Bank

The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) recently signed a landmark agreement to strengthen partnerships at a country level. Both parties...

AfDB obtains rights to channel green climate finance

The Green Climate Fund Board is holding its 12th meeting in Songdo, South Korea, this week, during which a total of thirteen new implementing entities,...

AfDB grants $70.5m for Tanzania energy sector reform

On Wednesday, the African Development Bank (AfDB) approved a $70.5 million loan to finance the Tanzania Power Sector Reform and Governance Support Programme. The AfDB...

Kenya: the AfDB looks to fund Lamu coal project

The African Development Bank (AfDB) is considering to fund the construction of Kenya’s first coal-fired power plant. Speaking to Xinhua in Nairobi on Monday, AfDB...

Sefa funds smart meter manufacturing facility in Ethiopia

The Sustainable Energy Fund for Africa (Sefa) has granted US$842 000 to smart solutions firm dVentus Technologies, to develop a smart meter manufacturing facility in...

AfDB: Private investment key to Africa’s development

The AfDB recently hosted discussions on how it can strengthen support of Public Private Partnerships and channel greater investment towards economic and social infrastructure.

AFDB reaffirms financial support to Mozambican government

Following a recent visit to Mozambique on Monday, President of the African Development Bank Group (AfDB), Akinwumi Adesina, reaffirmed the Bank’s commitment to continue...