Despite repeated calls for African nations to diversify their economies, a sharp decline in international project finance is thwarting efforts to reduce dependence on raw […]
Tag: African Development Bank
Powering the Sahel: Ministers Unite to Fast-Track Solar Energy Revolution
Ouagadougou, Burkina Faso — In a landmark move towards sustainable energy transformation, ministers from six Sahel countries have approved bold reforms aimed at accelerating solar […]
A New Engine for Growth – How Development Finance is Powering Botswana’s Automotive Leap
In the dusty heartland of Lobatse, 70 kilometers south of Gaborone, a quiet revolution is unfolding—one wire at a time. What was once a sleepy […]
AfDB and Djibouti Deepen Ties to Accelerate National Development Goals
The African Development Bank (AfDB) has reaffirmed its commitment to Djibouti’s national development agenda following a successful consultation mission to the country. The delegation, led […]
International Day of Clean Energy: Empowering Women and Transforming Lives in Africa
International Day of Clean Energy January 26th: African Development Bank promotes women’s empowerment through sustainable energy business development. When Grace Akingurwaruh signed up to become a seller of coal-efficient, improved-cooking stoves, she had no idea that she’d be successful enough to purchase her first smartphone – a godsend which enables her to remain in regular contact with her customers and get new business.
AfDB approves USD170-million for Egypt’s largest wind energy project
The board of directors of the African Development Bank (www.AfDB.org) has approved a loan of up to USD170-million to support the development of the game-changing 1.1 GW Suez Wind Project, currently Egypt’s largest wind energy initiative.
Africa Adaptation Acceleration Program Wins Top NDC Adaptation Investment Award for Groundbreaking Climate Efforts
The Africa Adaptation Acceleration Program (AAAP) has been awarded the “Best Investable NDC Adaptation Investment Initiative of the Year” at the 2024 African NDC Investment Awards. Launched by the African Development Bank and the Global Center on Adaptation, AAAP aims to mobilize $25 billion by 2025 to drive climate adaptation projects across Africa, focusing on infrastructure, food security, and youth entrepreneurship. The program has already raised over $9 billion and is transforming lives in 41 countries.
Mission 300: A Global Coalition’s Ambitious Plan to Electrify 300 Million Africans by 2030
Ahead of Climate Week NYC, a global coalition of organizations, including the Global Energy Alliance for People and Planet (GEAPP), Sustainable Energy for All (SEforALL), and The Rockefeller Foundation, launched “Mission 300” to bring electricity to 300 million Africans by 2030. The initiative, supported by the African Development Bank and World Bank, aims to mobilize private sector financing and technical assistance across 11 African nations, transforming energy access and fostering economic growth across the continent.