Tag: AfDB

Nov 25

AfDB Leads Global Push to Unlock Climate Finance for Africa’s Power Grids and Energy Storage

At a high-level ministerial session during COP30 on 14 November 2025, the African Development Bank Group (AfDB) joined a coalition of leading multilateral banks, investors and industry bodies in formally endorsing a landmark set of six “Climate Finance Principles for Grids” aimed at dramatically scaling up funding for electricity transmission and storage infrastructure worldwide. The […]

Nov 23

African Development Bank Approves $68 Million to Secure and Modernize Bamako’s Electricity Supply

The African Development Bank (AfDB) has approved financing exceeding $68 million for a major project aimed at strengthening and securing electricity supply in Bamako, Mali’s capital, while significantly reducing chronic power outages. The initiative will reinforce the transmission and distribution network, expand productive uses of electricity, deploy 2,000 smart meters for high-voltage customers, and […]

Nov 19

African Development Bank’s SEFA Secures Nearly €50 Million in Fresh Funding for Just Energy Transition and Mission 300

The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has obtained new donor commitments totalling close to €50 million to accelerate Africa’s just energy transition and advance Mission 300, the continent-wide initiative to provide electricity access to 300 million people by 2030. The pledges were formally announced on 14 November at a high-level side […]