Monday 17th January 2022
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Tag Archives: African Development Bank (AfDB)

COVID Omicron variant: Ban on African countries unfair, discriminatory — Adesina

Akinwunmi Adesina

The President, African Development Bank (AfDB), Dr Akinwumi Adesina, says the travel ban on some African countries over Omicron, the new COVID-19 variant, is “very unfair, non-scientific and discriminatory”. AfDB president, Akinwunmi Adesina Adesina, who said this through his verified twitter handle, @akin_adesina, urged the western countries to lift the travel ban on the African countries He queried why travel ban ...

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AfDB urges African nations to have clear-cut policies on sanitation

Nelson Gomonda

The African Development Bank (AfDB) has called on African countries to have clear-cut policies that will address the funding gaps in the sanitation and hygiene sector. Nelson Gomonda Mr Nelson Gomonda, AfDB’s Rural Water and Sanitation expert, made this call at the ongoing virtual Africa Water and Sanitation Week on Thursday, November 25, 2021. Speaking on “Driving National Progress on ...

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AfDB, AUC, UNECA pledge more resources to improve land governance in Africa

UNECA

The African Development Bank (AfDB), the African Union Commission (AUC), and the United Nations Economic Commission for Africa (UNECA) on Thursday, November 4, 2021 pledged to work more closely with governments to beef up land governance systems. Participants at the physical gathering in Kigali In a joint declaration at the end of the 2021 Conference on Land Policy in Africa, the ...

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10 African entrepreneurs bag AfDB’s YouthADAPT Award at COP26

African Development Bank (AfDB)

Ten African youth entrepreneurs, including three Nigerians, will receive as much as $100,000 each to scale up their businesses. The announcement was made at a side-event organised by the African Development Bank (AfDB) The announcement was made on Friday, November 5, 2021 by Anthony Nyong, Director of Climate Change and Green Growth, African Development Bank (AfDB), during a side event ...

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AfDB to spend $1m on modernising Africa’s aging hydropower stations

Akinwunmi Adesina

The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) has approved $1 million grant for the modernisation of Africa’s aging hydropower fleet. AfDB president, Akinwunmi Adesina According to a statement from the AfDB, the modernisation of hydropower stations is an opportunity to increase generation capacity at low-cost, and with relatively short lead-times and minimal environmental impact. ...

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AfDB fund provides $7.3m for youth empowerment

Akinwunmi Adesina

The African Development Bank (AfDB), through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, has provided more than $7.3 million for youth empowerment. AfDB president, Akinwunmi Adesina According to a statement from the bank on Tuesday, August 24, 2021, the fund provides project preparation and co-financing for bank projects and places emphasis on employability, entrepreneurship and job creation. “In June ...

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AfDB receives $170.9m climate fund boost for energy access framework

Kevin Kariuki

The Board of Green Climate Fund (GCF) has approved $170.9 million in financing for the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) programme, a statement from the AfDB said on Wednesday, July 7, 2021. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB LEAF aims to unlock commercial and local-currency financing for decentralised renewable ...

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Climate change: AfDB supports African countries

Akinwunmi Adesina

The African Development Bank (AfDB) says it is supporting African countries to implement their Nationally Determined Contributions (NDCs) to promote green growth and energy transitions. AfDB president, Akinwunmi Adesina Dr Akinwumi Adesina, the President, AfDB, said this at the opening of the 2021 Annual Meetings of the AfDB, held virtually on Wednesday. According to Wikipedia, Nationally Determined Contributions (NDC) or ...

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Clean energy projects: Fund achieves first close at €130m

Kevin Kariuki

The Africa Renewable Energy Fund II (AREF II) has achieved its first close at €130 million, according to a statement from the African Development Bank (AfDB) on Friday, June 18, 2021. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB This followed a joint investment of €17.5 million from the Sustainable Energy Fund for Africa (SEFA) and ...

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COVID-19: G7 institutions, partners to recover, grow Africa with $80bn

James Duddridge

The G7 Development Finance Institutions (DFIs), the International Finance Corporation (IFC), the private sector arm of the African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) on Monday, June 14, 2021 announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable ...

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