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In: Cover, Electricity, Kenya, News, Senegal

For the first time, the 2024 ERI also assessed regional regulatory bodies, recognizing their growing role in harmonizing technical standards and enabling cross-border electricity trade Kenya and Senegal have claimed the top spots in the African Development Bank’s 2024 Electricity Regulatory Index (ERI) (www.AfDB.org), demonstrating exceptional progress in power sector… +

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In: Cover, Electricity, Environment, News, Renewable energies

The project advances Cabo Verde’s goal of generating 50% of its electricity from renewables by 2030 as well as its Nationally Determined Contribution under the Paris Agreement The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €19.6 million financing package to support the Cabeólica Phase… +

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In: Cover, Economy & Investment, Electricity, Environment, News, Renewable energies, Senegal

A high-level delegation from the Gambia River Basin Development Organisation (OMVG), led by its High Commissioner Demba Jallow, visited the headquarters of the African Development Bank in Abidjan, Ivory Coast, on 5 May 2025, to discuss ongoing regional development initiatives. Established in 1978, OMVG is an inter-regional cooperation organization comprising… +

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In: Cover, Economy & Investment, Electricity, Environment, News, Renewable energies, Solar, Togo

Once operational, the plant is expected to generate 87 gigawatt-hours of electricity per year, providing clean, reliable, and affordable energy to communities while helping to bridge the energy gap. The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved €26.5 million in financing for the development of… +

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In: Economy & Investment, Gas, News, Oil

The AEC has consistently taken a strong stance against the foreign exchange regulations imposed by the BEAC, describing these policies as “absurd,” “hostile to foreign investors” and out of step with global financial norms. On March 25, the proposed “Central African Exploitation and Manipulation of American Companies Act” (apo-opa.co/4i1CeP3) was… +

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In: Economy & Investment, Fossil energies, Gas, News, Oil

Nigeria, Angola and Ghana have contributed their capital shares to the Africa Energy Bank, reinforcing its role in advancing energy finance, with key discussions set to take place at African Energy Week 2025: Invest in African Energies in Cape Town n a significant development for Africa’s energy sector, Nigeria, Angola… +

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In: Cover, News

The agreement underscores ITFC’s commitment to ensuring a reliable energy supply and fostering economic stability in Comoros The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the trade finance arm of the Islamic Development Bank (IsDB) Group, signed a EUR 40 million trade finance agreement with the Union of Comoros to… +