AFDB

  • Shaker Praises Work of AfDB in Egypt

    Shaker Praises Work of AfDB in Egypt

    Tuesday, 10th October 2017

    The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, met with a delegation from the African Development Bank (AfDB) to discuss the bank's to support of Egypt energy sector.

  • AfDB to Finance Three Projects within Egypt’s FiT Program

    AfDB to Finance Three Projects within Egypt’s FiT Program

    Sunday, 18th June 2017
    The African Development Bank (AfDB) is considering financing three projects within the Feed-in Tariff (FiT) program in Benban, Aswan for $60m.
  • Egypt to Partially Pay Oil Arrears

    Egypt to Partially Pay Oil Arrears

    Sunday, 9th April 2017
    Egyptian Ministry of Petroleum will repay part of its arrears to IOCs in May.
  • AfDB to Run Nigeria’s Power Company

    AfDB to Run Nigeria’s Power Company

    Sunday, 5th February 2017
    African Development Bank's (AfDB) energy expert, Usman Gor Mohammed, was appointed to run Transmission Company of Nigeria (TCN), owned by Nigeria’s Power Ministry, in attempts to enhance the current power situation in the country.
  • World Bank, AFDB to Loan Egypt $1.5b

    World Bank, AFDB to Loan Egypt $1.5b

    Monday, 12th October 2015
    Egyptian Prime Minister said the country expects to receive $1.5b in loans from the World Bank and African Development Bank (AFDB) by the end of 2015. The decision comes as part of the country's efforts to boost foreign currency reserves.
  • African Development Bank to Fund Egypt’s Renewable Sector

    African Development Bank to Fund Egypt’s Renewable Sector

    Sunday, 24th May 2015
    Egypt signed Thursday a grant agreement with the African Development Bank Group's Middle Income Country Technical Assistance Fund (MIC TAF). Upon the agreement, Egypt shall receive three grants with total value of US$4.6 million from the MIC TAF.
  • African Development Bank to Increase Hydropower Generation in Egypt

    African Development Bank to Increase Hydropower Generation in Egypt

    Thursday, 30th April 2015
    The African Development Bank (AfDB) plans to boost energy generation capacity at hydropower plants to 40,000 MW, with connections to Nigeria, South Africa and Egypt, according to AfDB’s report issued Tuesday.