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…