Tag: AfDB

May 07

AfDB’s Sustainable Energy Fund for Africa Launches $20 Million Green Hydrogen Programme to Boost Continent-Wide Projects

The African Development Bank (AfDB) has issued a call for proposals under its newly established Green Hydrogen Programme, offering up to $20 million in pre-investment financing to accelerate the development of green hydrogen and derivative projects across Africa. Managed through the Bank’s Sustainable Energy Fund for Africa (SEFA), the initiative targets private sector entities advancing […]

Apr 29

World Bank Commits $8.2 Billion to Electrify 300 Million in Sub-Saharan Africa by 2030 Under Mission 300 Initiative

The World Bank Group has committed approximately $8.2 billion to accelerate electricity access across Sub-Saharan Africa as part of the ambitious Mission 300 initiative, a joint effort with the African Development Bank Group (AfDB) aimed at connecting up to 300 million people to reliable power by 2030. Launched in 2024, Mission 300 seeks to halve […]

Jan 23

AfDB Backs Coral North FLNG with $150M Loan

The African Development Bank (AfDB) has approved a $150 million senior loan to advance the Coral North Floating Liquefied Natural Gas (FLNG) Project offshore Mozambique, marking a key milestone in the country’s energy sector expansion. Approved by the AfDB Board on 14 January 2026, the financing supports the development, construction, and operation of a second […]

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 […]