AfDB

Africa Energy: AfDB optimistic about Eskom’s turnaround

Posted on by Mozambique Resources Post
Africa Energy: AfDB optimistic about Eskom’s turnaround

The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turn around the embattled South African power utility will bear fruit.

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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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Africa Energy: AfDB Connects Guinea and Mali via high-voltage power line

Posted on by Mozambique Resources Post

The AfDB released more than €71 million in funding for the construction of a 714-km high-voltage power line. The infrastructure will link the localities of N’Zérékoré, in Guinea and Sanankoroba, Mali. Its implementation will allow the electrification of 201 villages as well as the improvement of the quality of service provided to other consumers.

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