AFDB

Tunisia Launches cutting-edge Remote, Appraisal, Supervision, Monitoring, and Evaluation (RASME) Tool for Project monitoring

Tunisia - The African Development Bank Group has launched the Remote, Appraisal, Supervision, Monitoring, and Evaluation (RASME) initiative in Tunis…

2 years ago

Africa Renewable Energy Fund II secures €125 million first close with SEFA and CTF investments

Other investors include the U.K’s CDC Group, Italy’s CDP, the Netherlands Development Finance Company (FMO) and SwedFundABIDJAN, Ivory Coast, --…

4 years ago

Africa is the world’s next business frontier, says AfDB’s Akinwumi Adesina

By Olufowokan Oludotun Oyejola African Development Bank President Akinwumi A. Adesina has said that Africa remained fertile ground for investment,…

5 years ago

AFDB Grants $500,000 for MSMEs within the Petroleum Sector in Uganda

The African Development Bank and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small…

5 years ago

AFDB welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix

With this investment, CTF becomes the first progressive geothermal Independent Power Producer (IPP) in Ethiopia. ABIDJAN, Ivory Coast, -- The…

5 years ago

AFRICAN DEVELOPMENT BANK APPROVES NTEP-1 PROJECTS WORTH $210 MILLION

The board of the African Development Bank (AfDB) has approved TCN’s $210Million NTEP -1 projects in a board resolution yesterday…

6 years ago

AFDB allocates $150m to fund electrification projects in Nigeria

By Ndubuisi Micheal Obineme The African Development Bank Group (AFDB) have allocated $150 million to the Nigerian Government in order…

7 years ago

AFDB to reach 29.3 million Africans with electricity by 2020

• 3.8 million Africans provided access to electricity in 2017, says President Adesina • Plans for 10,000 MW of solar…

8 years ago

“African Development Bank’s lifeline lifted Nigeria out of recession” – President Buhari

Nigerian President lauds Bank for standing tall among multilateral development banks and international financial institutions. The African Development Bank provided…

8 years ago

AFDB, NDF, GEF, CIC partners in US $55-million investment into Off-Grid Energy Access Fund in Africa

On December 15, the African Development Bank’s Board approved a US $30-million investment in the Facility for Energy Inclusion Off-Grid…

8 years ago

AfDB approves vital LDCF-financed climate change adaptation program in the Horn of Africa

The African Development Bank (AfDB) approved the program “Multinational (Somalia/Sudan) Rural Livelihoods Adaptation to Climate Change in the Horn of…

8 years ago

AFDB allocates US$985,000 to support utility-scale wind farm project in Mozambique

The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved US $ 985,000 to Parque Eólico da Namaacha…

8 years ago

Kenya gets $1 million grant from AFDB for waste-to-energy electricity project

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a grant of US $…

8 years ago