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.

AfDB, IDB, CGD, and Rockefeller Foundation discuss the rechanneling of SDRs

The African Development Bank (AfDB) (www.AfDB.org), Inter-American Development Bank (IDB), the Rockefeller Foundation, and the Center for Global Development came together to co-host a high-level meeting on October 13th to discuss the rechanneling of Special Drawing Rights (SDRs) from contributing countries through Multilateral Development Banks (MDBs). The objective is to boost their development and climate…

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AAOIFI together with the Islamic Development Bank Group (IsDB), represented by IsDB Institute (IsDBI) (https://IsDBInstitute.org/), is set to host the 18th edition of its annual Islamic banking and finance conference

AAOIFI, IsDB set to host the 18th Annual Islamic banking and finance conference

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), together with the Islamic Development Bank Group (IsDB), represented by IsDB Institute (IsDBI) (https://IsDBInstitute.org/), is set to host the 18th edition of its annual Islamic banking and finance conference under the auspices of the Central Bank of Bahrain. The two-day conference will be held in…

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AfDB joins global partners to raise financing for Zambia's Lobito Transportation Corridor

AfDB approves South Africa’s Country Strategy Paper (CSP) 2023-2028

The Board of Directors of the African Development Bank Group (https://www.AfDB.org/en) has approved South Africa’s Country Strategy Paper (CSP) 2023-2028. The Bank’s interventions over the next five years will focus on two priority areas: improving governance and developing the private sector in southern Africa’s largest and most populated country. The CSP 2023-2028 aims to support…

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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.

Guinea: Agricultural supplies delivered as part of the AfDB’s Emergency Food Production Project

The transitional government in Guinea, in partnership with the African Development Bank Group (www.AfDB.org), has received a large consignment of agricultural supplies in Guinea’s western town of Forécariah for distribution to local farmers. The consignment, delivered on 13 October 2023, forms part of implementing the Emergency Food Production Project, spearheaded by the African Development Bank….

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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.

African Nuclear Energy Commission Advocates for Nuclear Power in Africa

The significant advantages of nuclear energy in addressing Africa’s energy needs and eradicating energy poverty have been highlighted during a panel discussion at African Energy Week, in Cape Town. Enobot Agboraw, Executive Secretary of the African Commission on Nuclear Energy noted factors including longevity, cost-effectiveness and the environmental resilience of nuclear power as reasons why…

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