Mozambique: African Development Bank Group approves $36 million grant for power scheme

…that includes refugees and internally displaced persons UN workers deliver relief items to internally displaced people in Corrane Site in Nampula Province. The Board of Directors of the African Development Bank Group has approved a grant of $36 million to support a power scheme in Mozambique that also covers displaced persons and refugees. The Mozambique Energy for All Project will increase the number of residential connections to the electricity grid, enhance power exports and improve domestic and regional supply quality. […]

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Finance in Africa report: green, smart and inclusive finance

By Nina Fenton, Claudio Cali and Ricardo Santos The EIB, in partnership with Making Finance Work for Africa, surveyed 78 banks in sub-Saharan Africa in early 2021 to see how they are coping during the COVID-19 pandemic and to learn their views on climate risk, green finance and digital financial services. This work formed the basis of our new Finance in Africa report. The report also provides an in-depth analysis of the state of play in the microfinance, private equity […]

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Mainstream Renewable Power projects to deliver 1.27 GW of new wind and solar for South Africa

  Mainstream Renewable Power-led consortium has been awarded 50% of the total allocation in the latest round of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) The win makes Mainstream Renewable Power the leading renewable energy company in South Africa, with over 2.1 GW awarded under the REIPPPP to date The twelve projects, across onshore wind and solar, will generate enough clean energy to power a third of the annual electricity demand of the City of Cape Town […]

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Case studies from Benin, Cameroon, Ghana and the Republic of Congo underline importance of regional integration to intra-Africa trade in wood products

Regional economic integration can boost trade in wood products among African countries, according to the findings of a new report produced by the African Natural Resources Centre of the African Development Bank. The report, Intra-African Trade in Wood Products – Case studies from Benin, Cameroon, Ghana and the Republic of Congo, published on 19 May, explores the role that forest value chains can play in advancing Africa’s development objectives. The continent’s significant forest resources are under-utilized, the report notes. Also, despite […]

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The Sustainable Energy Fund for Africa reports record number of transactions in 2020, secures $90 million in new funding

The Sustainable Energy Fund for Africa (SEFA) approved seven high-impact projects worth $54 million in 2020, its best year in spite of challenging Covid-19 conditions, according to its recently released 2020 Annual Report. SEFA, managed by the African Development Bank, focuses on green baseload, green mini-grid, and energy efficiency investments. The Fund, founded in 2011, transformed into a Special Fund on 31 October 2019. The report, titled Building Foundations for Success, also details the Fund’s success in attracting increased donor […]

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Africa’s potential in the blue economy highlighted in the World Water Congress

Thirty-eight countries in the African continent are bordered by the ocean or the sea, but for 70% of them, their maritime exclusive economic zones are largely under-exploited. The maritime zones under African jurisdiction cover some 13 Million km2 and some 6.5 km2 of continental shelf. In a video(link is external) broadcast on 1 June last during the Digital World Water Congress organized by the International Water Association (IWA), the President of the African Development Bank, Dr Akinwumi A. Adesina, extolled the […]

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German Chancellor Merkel Africa Envoy to drive green hydrogen, Energy Transition at African Energy Week 2021 in Cape Town

The African Energy Chamber (www.EnergyChamber.org) is proud to announce that H.E. Gϋnter Nooke, personal representative of the German Chancellor for Africa, will be attending and participating at African Energy Week (AEW) 2021. Representing a prominent figure in Germany-Africa relations, Nooke’s attendance is expected to drive a discussion around Africa’s green hydrogen potential and emerging projects, the move towards a continent-wide energy transition and the value of international energy partnerships.   According to a Focus on Hydrogen report by Clifford Chance, […]

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Africa Oil Week is known for gathering vast numbers of African and international energy ministers

African Union Commission, AfCFTA and former heads of state from Nigeria and Malawi amongst first government leaders confirmed for Africa Oil Week 2021 Hyve Group Plc, organisers of Africa Oil Week (www.Africa-OilWeek.com) have released the first line-up of Ministers who will be attending the 2021 event due to take place in Dubai 8-11 November. The initial line-up consists of two former African Presidents, Commissioner for the African Union Commission, Secretary General for AfCFTA and Ministers from Ethiopia, Kenya, Sierra Leone, […]

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