African development bank | Egypt Oil & Gas
African Development Bank Commits $995,000 for Energy Access to Gambia
The African Development Bank (AFDB)- managed Sustainable Energy Fund for Africa (SEFA) approved a $995,000-grant to the Republic of Gambia to implement a program to facilitate private investments in Green Mini-Grids ...
Egypt Secured $6b IMF Funding Requirement
A source from the Central Bank of Egypt (CBE) stated that the country has managed to primarily secure the additional funding required to proceed in the International Monetary Fund (IMF) loan. Efforts exerted by both t...
International Group to Study Egypt’s $3.3b Solar Project
The Egyptian Minister of International Cooperation, Sahar Nasr, stated that during August, a consortium of the World Bank, the African Development Bank, in addition to German and French institutions will finalize the ...
Tanzania Launches National Sustainable Energy Initiative
Tanzanian Ministry of Energy and Mining launched the Sustainable Energy For All (SE4ALL) action agenda and investment prospectus to be achieved by 2030, initiative’s official website, Sustainable Energy for All,...
Kenya Receives Loan to Develop Geothermal Energy
Kenya has received a $29.65m loan to finance its drive for geothermal energy production, as the country aims to reach the targeted 5,000 MW of power with a minimal mix from thermal sources, All Africa reported. The ca...
Nigeria Asks for $3.5b Emergency Loans from World Bank, AfDB
Nigeria has asked the World Bank (WB) and the African Development Bank (AfDB) for $3.5b in emergency loans to fill a growing gap in its budget in the latest sign of the economic damage being wrought on oil-rich nation...
African Development Bank Announces $12b for Energy Projects
The African Development Bank Group has unveiled what it calls a ‘New Deal on Energy for Africa’ at the World Economic Forum in Davos, Switzerland, All Africa reported. The bank will spend $12b on the proje...
Ethiopia Installs Green Energy Water Pumps to Isolated Rural Communities
Ethiopia’s Ministry of Water, Irrigation, and Electricity announced that water pumps powered by green energy were being supplied to isolated rural communities in the country, which do not have access to the national p... 
