AfDB

Mozambique: AfDB Advocates for Domestic Monetization of Natural Gas as a Pillar of country’s Energy Transition

Posted on by Mozambique Resources Post
Mozambique: AfDB Advocates for Domestic Monetization of Natural Gas as a Pillar of country’s Energy Transition

Natural gas should be recognized as a strategic driver of socioeconomic development and an essential transition fuel on Southern Africa’s path toward cleaner and more sustainable energy systems. This position was put forward by Charles Nyirahuku, Head of the Gas Division at the African Development Bank (AfDB), during the Regional Inter-Parliamentary Conference on Climate Change, Energy Transition, and the Oil and Gas Sector in the SADC Region, held on Tuesday, July 29, in Maputo. As…

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ALER signs contract with AfDB to coordinate AMAP project activities in Angola, Mozambique, Cape Verde and Guinea-Bissau

Posted on by Mozambique Resources Post
ALER signs contract with AfDB to coordinate AMAP project activities in Angola, Mozambique, Cape Verde and Guinea-Bissau

In March, ALER signed a contract with the African Development Bank (AfDB)/Sustainable Energy Fund for Africa (SEFA) to implement the Africa Mini-Grid Market Acceleration Programme (AMAP) in four Portuguese-speaking African countries, namely Mozambique, Angola, Cape Verde and Guinea-Bissau. Africa is on the brink of a significant change in how it gets its power, with the green mini-grid sector poised to address the critical electricity access challenge for millions. As it stands, the deployment of distributed renewable energy (DRE) solutions, mainly…

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Renewables: African Development Bank support for clean energy access falls short of goals

Posted on by Mozambique Resources Post
Renewables: African Development Bank support for clean energy access falls short of goals

WASHINGTON, D.C. – As the African Development Bank (AfDB) kicks off its first-ever Africa Investment Forum in South Africa, a new analysis released today finds that the AfDB’s own support for the most cost-effective energy access solutions lags far behind what is needed — in contrast to its world-leading pledge to scale up energy access on the continent. Dozens of civil society organizations signed a letter to AfDB decision-makers that drives home the report’s key messages. The report, assessing nearly…

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Africa Energy: About 90 million Nigerians Lack Access to Electricity

Posted on by Mozambique Resources Post
Africa Energy: About 90 million Nigerians Lack Access to Electricity

Although, there are about 645 million people without electricity in Africa, with about 90 million Nigerians affected, the Minister of Power, Works and Housing, Babatunde Fashola, has said the Federal Government is doing everything possible to reverse the trend in Nigeria.

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Renewables: AfDB approves US$1 million grant for renewable energy in Angola

Posted on by Mozambique Resources Post
Renewables: AfDB approves US$1 million grant for renewable energy in Angola

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB) has approved a US$1 million grant to Independent Power Producers (IPP) in Angola to encourage private investment in renewable energy. These funds will be used to establish a one-stop shop unit known as the Energy Project Implementation Support Unit (EPISU) that will work as an enabling environment for IPP/Public-Private Partnership (PPP) projects to improve bankability of projects. Additionally, it will also…

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Mozambique Mining Logistics: Nacala Corridor transaction reaffirms ‘Africa open for business

Posted on by Mozambique Resources Post
Mozambique Mining Logistics: Nacala Corridor transaction reaffirms ‘Africa open for business

Owing to a consortium of three export credit agencies (ECAs), the African Development Bank (AfDB) and a lending consortium of six international and four South African banks, a collaboration on funding for the revamp and extension of the Nacala Logistics Corridor has successfully raised $2.73-billion of the $5.15-billion needed for the project.

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