Malawi: AfDB Extends Grants of $9.25 Million for Rollout of Climate Disaster Risk Financing

The funding will support the government of Malawi to develop climate risk management solutions and pay its sovereign risk premium for the transfer of drought risks under the Africa Disaster Risk Financing Programme ABIDJAN, Ivory Coast, June 10, 2022/ — The Board of Directors of the African Development Bank ( has approved two grants of $9.25 million to implement the… Read More
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AfDB, Africa Energy Forum launch ‘African Utility of the Future’ competition

– – The African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF), have created the ‘African Utility of Future’ competition enabling teams to compete for a USD $5,000 prize. The Power, Energy, Climate and Green Growth Complex (PEVP) of AfDB will participate at AEF2020, mainstreaming the concept of: “The African Utility of the Future” – the… Read More
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Nigeria secures $210 mln loan from AfDB for power project

The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to Transmission Company of Nigeria (TCN) will support construction of 330KV double circuit quad transmission lines and sub-stations across the country, the bank said in a statement late on Friday. The AfDB funded project will run… Read More