AfDB Invests $289.5M in Mauritanian Power Projects
The AfDB signed two financing agreements for the development of solar power and transmission infrastructure.
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The AfDB signed two financing agreements for the development of solar power and transmission infrastructure.
The AfDB has greenlit a $303 million loan for an electricity interconnection project linking Mauritania and Mali.
The funding will come from the Bank’s Sustainable Energy Fund and targets 12 private sector-led projects in eight African countries.
The partnership will support projects aligned with South Africa’s transition investment plan, including renewable energy, energy efficiency and green hydrogen initiatives.
The grant will boost and accelerate the country’s rural electrification program with 40 local communities set to benefit.
The African Development Bank has cited cities as key engines of economic growth on the continent.
The AfDB will provide technical and financial support to key focus areas identified by the strategy, including infrastructure, human capital and priority sectors.
The $102 million AfDB grant aims to support economic stability and growth in Ghana.
The Board of Directors of the African Development Bank has approved a $196-million loan to support Namibia’s rail project.
Funding from the African Development Bank (AfDB) and global partners will fast-track the execution of the Lobito Corridor and Zambia-Lobito rail line.