Tag: AfDB
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Hydropower: AfDB Approves $1m for Modernisation of Africa’s Fleet
A sum of $1million grant has been approved by the Sustainable Energy Fund for Africa towards the modernization of Africa’s hydropower fleet. The approval of the grant was contained in a statement distributed by APO Group on behalf of African Development Bank Group. Meanwhile, the grant will fund the mapping and evaluation of African hydropower…
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AfDB Partners EBRD to address $2.5t Financing Gap in Africa
The African Development Bank Group (AfDB) and the European Bank for Reconstruction and Development (EBRD) have signed a memorandum of understanding to promote sustainable private sector development in Africa. The memorandum of understanding will help catalyze new sources of financing to help bridge the $2.5 trillion annual financing gap for development in Africa. The gap…