Egypt: African Development Bank to provide $184.1 million for Africa’s largest solar energy and battery storage projec
The Board of Directors of the African Development Bank Group has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt, which will be Africa’s largest solar power plant. Located in Qena Governorate
AfDB’s Adesina Warns of Economic Shockwaves from U.S. Tariffs, Calls for Strategic Global Engagement
As the United States imposes higher tariffs with global ramifications, African Development Bank Group President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships. In an exclusive interview with CNN’s Christiane Amanpour, Dr
AfDB signs $3.2 billion Exposure Exchange with Inter-American Development Bank
The African Development Bank Group has signed a $3.2 billion Exposure Exchange Agreement with the Inter-American Development Bank (IADB), renewing a prior agreement originally executed between the two institutions in 2015. The agreement was signed in Washington DC, on the sidelines of the World Bank Group and International Monetary Fund
AfDB approves $19.85 million grant for crisis response to the most vulnerable in Sudan’s conflict areas
The Board of Directors of the African Development Bank Group (AfDB) has recently approved a $19.85 million grant over two years to support a humanitarian and resilience operation in Sudan, with a strong focus on improving livelihoods of vulnerable populations and easing the impact of the ongoing conflict on communities
