Browsing: The Africa Development Bank (AfDB)

AfDB has committed $164 million to promote decentralized renewable energy across six African countries.

Over the course of the next six years, LEAF is expected to deploy financing options, credit enhancement instruments and technical assistance in partnership with the private sector; including local banks.

As we approach the 2030 deadline of the SDGs, we must unfortunately acknowledge the disturbing truth, we are far from meeting the goal’s sustainable growth targets. The latest Sustainable Development Goal (SDG) 7 tracking report warns that close to 600 million Africans still lack access to electricity and this reality is only worsened by the Covid-19 crisis.

In his comments about the LEAF program, the Bank’s Vice President in charge of Power, Energy, Climate Change and Green Growth, Dr. Kevin Kariuki, notes: “The African Development Bank is delighted to partner with the Green Climate Fund on the Leveraging Energy Access Finance Framework, which will not only accelerate access to electricity based on decentralized renewable energy solutions, hence reducing the respective …

Leaders of the Africa Investment Forum and stakeholders at a 2019 investment meeting.

A major topic of discourse is Africa producing its own vaccines. Now, both the private and public sectors in Africa are lobbying for what is essentially a very lucrative deal for the provision of much-needed affordable health care.

Only last year, members of the Africa Investment Forum team showcased two projects that were focused on the pharmaceutical and healthcare sectors. Jointly, the two projects are worth over US$140 million and are to be carried out both in East and West Africa.

“The first opportunity, with a project cost of US$96 million, is for the development of a 250-bed specialist hospital offering world-class healthcare services in a West African country,” the Forum announced in a press release.

“The second project is for the construction of a US$45 million WHO-prequalified vaccine production plant in East Africa that will be capable of routine production of three vaccines, including for Covid-19,” the Forum announced.…