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The Green Climate Fund (GCF) has approved an investment of $150 million in to the African Development Bank Desert to Power G5 Financing Facility. The initiative is expected to lead to substantial CO2 emission reductions.
Research highlights that pockets of funders continue to finance additional coal-fired generation capacity in South Asia and sub-Saharan Africa. $42 billion was committed to grid-connected coal power plants between 2013-2019 in the 18 countries studied.
The African Development Bank, through its Desert to Power initiative and a $6 million grant, is expected to transform the Sahel by tapping into the region’s abundant solar potential.
The International Finance Corporation (IFC) and the government of Niger have announced that they will be developing up to 50MW of grid-connected solar power. The power generated will be equivalent to roughly 20% of the country’s installed capacity.
Countries in the Economic Community of West African States (ECOWAS) will expand access to grid electricity to over one million people, enhance power system stability for another 3.5 million people, and increase renewable energy integration in the West Africa Power Pool (WAPP).
The governments of Nigeria, Togo, Burkina Faso and the Niger Republic have put together the final touches to the execution of a planned $570 million transmission line which runs across the four countries.
Afreximbank and NEXIM have greenlit a joint $750,000 grant that will bridge the gap in maritime transport infrastructure and improve trade in the region in line with the AfCFTA.
African women are still disproportionately affected by poverty and the COVID-19 pandemic is exacerbating gender equalities, according to new country gender profiles developed by the African Development Bank.
The AfDB will disburse $5,6 million to Niger to implement its Africa Disaster Risk Management Funding Programme (ADRiFi).
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