The International Renewable Energy Agency (IRENA) and the African Development Bank have agreed to jointly support investment in low carbon energy projects, a move expected to advance Africa’s energy transition. The two entities signed a Declaration of Intent to coordinate on a range of activities, including co-organizing renewable energy investment forums as part of IRENA’s contribution to the Climate Investment… Read More

The Partnership for Making Finance Work for Africa (MFW4A) will host its virtual Annual General Assembly from 9-10 December 2020. The two-day meeting will take place during an unprecedented global economic and social environment resulting from the pervasive effects of the COVID-19 pandemic. As African governments across the continent continue to address the COVID-19 pandemic and economic fallout, the current… Read More

WHAT: African Economic Conference 2020: Africa beyond COVID-19: acceleration towards inclusive sustainable development WHO: Economic Commission for Africa (ECA), the United Nations Development Programme (UNDP), The African Development Bank (AfDB) WHEN: 8 -10 December 2020 WHERE: Virtual conference The 2020 edition of the African Economic Conference, jointly organized by African Development Bank (AfDB), the Economic Commission for Africa (ECA) and… Read More

The Board of Directors of the African Development Bank has approved a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) to establish the COVID-19 Off-Grid Recovery Platform (CRP). The $50 million blended finance initiative, will provide relief and recovery capital to energy access businesses, supporting them through and beyond the pandemic. The platform is anchored on… Read More