Month: October 2021

South Africa: African Development Bank approves $57.67 million loan to Eskom to boost electricity generation from renewable sources

The Board of Directors of the African Development Bank has approved a $57.67 million loan to Eskom Holdings SOC Ltd, South Africa’s public electricity utility—and Africa’s largest— to harness battery storage technology that will increase electricity generation from reliable and efficient renewable energy sources.  The Bank’s financing, a concessional loan, will come from the Clean Technology Fund, a multi-donor trust fund under the Climate Investment Funds. The pioneering Battery Energy Storage Systems Project is being co-financed with the World Bank […]

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African Development Bank and AfCFTA Secretariat partner to stimulate industry

African Development Bank Group President, Dr. Akinwumi A. Adesina, said on Friday that the Bank will integrate the African Continental Free Trade Area (AfCFTA) into its country and regional integration strategies. Receiving AfCTA Secretary-General Wamkele Mene, in Abidjan on 29 October, Adesina said “the implementation of the free trade area will become a key component of the Bank’s lending program. We want to have a critical mass of AfCFTA-aligned investments.” Adesina said the Bank would support the AfCTA Secretariat in […]

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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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Ford Wildlife Foundation supports African Wild Dog conservation

• The Kruger National Park has the largest contiguous population of Wild Dogs in South Africa • The African Wild Dog’s population is currently threatened by a combination of factors • FMCSA contributes to conservation actions by allocating Ford Ranger vehicles towards environmental and wildlife protection efforts South Africa’s Kruger National Park is home to a number of endangered species, case in point – the African Wild dogs. Kruger has the largest contiguous population of Wild Dogs in South Africa. […]

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First Dakar 2026 initiatives to get underway on the ground in 2022

The third Coordination Commission meeting for the Youth Olympic Games (YOG) Dakar 2026 was held virtually on 15 October to take stock of the progress on the first sports development initiatives in Senegal. The Commission also received status updates on the ongoing renovation and construction work. Since the four-year postponement of the YOG in Dakar was announced a year ago, the International Olympic Committee (IOC) and Dakar 2026 have been working closely to make the most of this additional time […]

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