AfDB approves US$24.7m for Water and Sanitation Development in South Sudan

AfDB approves US$24.7m for Water and Sanitation Development in South Sudan

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SUDAN – The Board of Directors of the African Development Bank (AfDB) has approved a proposal to commit US$24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project. The project will support the rehabilitation of approximately 50km of…

AfDB approves US$113.42m to facilitate agriculture commercialisation in Africa

AfDB approves US$113.42m to facilitate agriculture commercialisation in Africa

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AFRICA – The African Development Bank (AfDB) has approved a US$113.42 million partial credit guarantee for the development of commercial agriculture projects across the continent. In a statement, AfDB said the funding will be disbursed into various countries through the African Agriculture…

AfDB approves US$14.05m investment in Adiwale Fund 1 targeting Francophone West Africa

AfDB approves US$14.05m investment in Adiwale Fund 1 targeting Francophone West Africa

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WEST AFRICA – The Board of the African Development Bank (AfDB) has approved a €12.5 million equity investment in Adiwale Fund 1 targeting high growth potential Small and Medium Sized Enterprises (SMEs) in French speaking West African countries. With a target fund size…

Energy stakeholders call on new financing mechanisms to support off-grid and mini-grid connectivity in Africa

Energy stakeholders call on new financing mechanisms to support off-grid and mini-grid connectivity in Africa

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COTE D’IVOIRE – Stakeholders in the energy industry have called for restructuring of  financing mechanisms in order to enable the development of off-grid and mini-grid connectivity in Africa. The sentiment was made during the 5th Energy Access Investment Forum in Abidjan, Cote…

AfDB doubles its climate finance commitments to US$25bn within 2020-2025

AfDB doubles its climate finance commitments to US$25bn within 2020-2025

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AFRICA – The African Development Bank (AfDB) announced that it will double its climate finance commitments for the period 2020-2025 to at least US$25 billion. The announcement was made by Akinwumi A. Adesina, the Bank’s President during the One Planet Summit in…

AfDB approves $25M Investment in Fund for Renewable Energy Projects

AfDB approves $25M Investment in Fund for Renewable Energy Projects

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AFRICA – The African Development Bank Group (AfDB) has approved an equity investment worth US$25 million in ARCH Africa Renewable Power Fund (ARPF) to support renewable energy projects across Africa. The investment from AfDB comes as part of a US$250 million private…