The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of EUR 74.25 million to Cameroon in Abidjan to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries, particularly Chad.

African Development Bank, African Guarantee Fund kick off Affirmative Finance Action for Women in Africa (AFAWA)

The African Development Bank Group (www.AfDB.org) and the African Guarantee Fund have made a strong case for the positive impact of increasing women’s financial inclusion on Nigeria’s economy before an audience of senior Nigerian government and banking leaders. The two institutions opened the AFAWA Finance Series Nigeria, part of the African Development Bank’s Affirmative Finance…

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The 2023 edition of the African Energy Week (AEW) conference and exhibition has been concluded in Cape Town, South Africa, with forward-looking remarks delivered by African Energy Chamber (AEC) (www.EnergyChamber.org) Executive Chairman NJ Ayuk. Highlighting the week’s dialogue and deals, Ayuk committed to AEW returning bigger and better in 2024.

‘Powering the Future: Africa and Europe Unleashing the Green Hydrogen Revolution.

As Africa and Europe jointly spearhead the global green hydrogen economy, energy dynamics are undergoing a significant transformation. The abundant renewable energy potential in Africa, coupled with Europe’s ambitious production and import goals, is forging new energy pathways and redefining existing standards. In line with this, African Energy Week 2023, the African Energy Chamber’s (AEC)…

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President Obasanjo leads discussion on Regional Stability and Sustainable Development

President Obasanjo leads discussion on Regional Stability and Sustainable Development

The 2023 edition of African Energy Week (AEW) –organized by the voice of the African energy sector, the African Energy Chamber (www.EnergyChamber.org)– featured a strategic session hosted by the Former President of the Federal Republic of Nigeria, H.E. Olusegun Obasanjo, who led discussions on a wide range of topics, including diplomacy, governance, regional stability, and…

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The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of EUR 74.25 million to Cameroon in Abidjan to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries, particularly Chad.

Egypt issues Africa’s first Sustainable Panda Bond worth 3.5 billion RMB

Egypt issues Africa’s first Sustainable Panda Bond worth 3.5 billion RMB backed by African Development Bank and Asian Infrastructure Investment Bank. She will use the bond proceeds for inclusive growth and green objectives under its Sovereign Sustainable Financing Framework Egypt has successfully issued a 3-year Sustainability Panda Bond worth RMB 3.5 billion ($478.7 million). The North African…

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