Africa
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African leaders call for faster industrialization at African Union summit | African Development Bank
Diplomat.Today The African Development Bank 2022-12-01 00:00:00 ——————————————- African leaders discussed the continent’s progress in industrialization, economic diversification and the African Continental Free Trade Area (AfCFTA) in the context of global shocks, debt vulnerabilities, climate change and security concerns. Twenty Heads of State and Government and their representatives attended the Extraordinary African Union Summit on Industrialisation, Economic Diversification and the…
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African Development Bank’s Sustainable Energy Africa Fund for Africa approves a $1 million repayable grant to develop bioenergy plants in Ghana and Sierra Leone | African Development Bank
Diplomat.Today The African Development Bank 2022-12-01 00:00:00 ——————————————- The Sustainable Energy Fund for Africa (SEFA) has approved a $1 million repayable grant to NewAfrica Impact Ltd for the preparation of two bioenergy plants in Sierra Leone and Ghana that will each produce 5 megawatts of electricity and 11 megawatts of heat. The repayable grant will strengthen the project’s financeability by…
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Senegal: African Development Bank invests more than €166 million in the construction of a highway to connect the north of the country | African Development Bank
Diplomat.Today The African Development Bank 2022-11-30 00:00:00 ——————————————- The Board of Directors of the African Development Bank has approved a €166.36 million loan to Senegal for the construction of the Dakar-Tivaouane-Saint Louis highway, which will improve access to the north of the country. The funding includes €119.69 million from the African Development Bank and €46.67 million from the Africa Growing…
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COP 27: African Development Bank Group and EBRD reaffirm commitment to climate adaptation and helping African businesses become more resilient | African Development Bank
Diplomat.Today The African Development Bank 2022-11-30 00:00:00 ——————————————- Dr. Akinwumi Adesina, President of the African Development Bank, and Odile Reinaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), have agreed that their organizations will step up cooperation to increase the resilience of African companies. The two heads of development banks spoke at this year’s global climate summit (COP27)…
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Ethiopia: African Development Fund Approves $13.95 Million Grant for Borana Resilient Water Development for Improved Livelihoods Program | African Development Bank
Diplomat.Today The African Development Bank 2022-11-30 00:00:00 ——————————————- The African Development Fund Board of Directors has approved a $13.95 million grant to the government of Ethiopia to implement the first phase of a project to improve the livelihoods of pastoralist communities in Ethiopia’s arid regions. The Borana Resilient Water Development for Improved Livelihoods program will improve access to climate resilient,…
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COP27: Climate Investment Funds announces nine countries participating in first platform Nature, People and Climate | African Development Bank
Diplomat.Today The African Development Bank 2022-11-30 00:00:00 ——————————————- The Climate Investment Funds (CIF) will provide $350 million in financing and other support for nature-based solutions in nine countries under the Nature, People and Climate Investment platform. The beneficiary countries are: the Dominican Republic, Egypt, Fiji, Kenya and the Zambezi River Basin Region, comprising Zambia, Malawi, Mozambique, Namibia and Tanzania. They…
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Mozambique: African Development Bank approves €125 million loan for hydropower producer to modernize production system | African Development Bank
Diplomat.Today The African Development Bank 2022-11-29 00:00:00 ——————————————- The Board of Directors of the African Development Bank Group has approved a loan package of up to €125 million to Hidroeléctrica de Cahora Bassa (HCB) in Mozambique to support the Vital Capex program aimed at modernizing the company’s power generation system. HCB, the largest Independent Power Producer (IPP) in Southern Africa,…
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AFAC Unveils New Strategic Vision to Catalyze Private Finance for Climate Action Across Africa | African Development Bank
Diplomat.Today The African Development Bank 2022-11-29 00:00:00 ——————————————- The African Financial Alliance on Climate Change (AFAC) unveiled a new vision for 2030 at the Global Climate Summit (COP27), prioritizing mobilizing capital and tools to meet the Paris Agreement target. AFAC, a pan-African alliance of Africa’s leading financial institutions and commercial and development banks, is mobilizing private capital to support low-carbon…
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African Development Bank launches model for deploying green finance across the continent | African Development Bank
Diplomat.Today The African Development Bank 2022-11-29 00:00:00 ——————————————- Abdou Aziz Diedhiou, Head of Studies and Strategy, La Banque Agricole Senegal; Kossivi Domegni, expert in energy efficiency and renewable energy, Togo; Audrey-Cynthia Yamadjako, Coordinator, African Green Finance Facility Initiative, African Development Bank; Kevin Kariuki, Vice President Power, Energy, Climate and Green Growth at the African Development Bank; Doug Sims, senior advisor…
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African Development Fund invests more than $6 million to strengthen public finance management in African countries | African Development Bank
Diplomat.Today The African Development Bank 2022-11-28 00:00:00 ——————————————- The African Development Fund Board of Directors has approved a $6.12 million grant to help strengthen public finance management in low-income African countries. The funding is for Phase 2 of the Regional Institutional Support Project in Public Finance Governance (RISPFG), which will be implemented by two pan-African institutions: the African Tax Administration…
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