The African Development Bank (AfDB) announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa.
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Development
Adesina urges African governments to bring down the walls for integration
The African Development Bank president Akinwumi Adesina has urged African governments to work toward the elimination of non-tariff barriers to improve trade,
Global growth to weaken to 2.6% in 2019 as risks remain
Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020. Growth in emerging market and developing economies is expected to stabilize next year as some countries move past periods of financial strain, but economic momentum remains weak.
South Africa: African Development Bank Group Supports Skills Development in Eskom’s Medupi Power Plant
The Medupi Leadership Initiative and the Eskom Contractors Academy are projects supported by the African Development Bank through its funding for skills development in line with the operational needs during the plant’s set up.
Equatorial Guinea all set for the African Development Bank’s 54th Annual Meetings
Equatorial Guinea will host the Bank’s 54th Annual Meeting, from 11-14 June 2019, under the theme ‘Regional integration for Africa’s economic prosperity.’
Prioritizing food safety in Africa emphasized as implementation of Malabo Commitments gather momentum
Members of the food safety community, predominantly, focal points of National Committees on Codex Alimentarius in AU member states committed to support the Africa food safety agenda programmes, particularly, the Africa Food Safety Index (AFSI), an information and data gathering tool on food safety.
Ethiopia: AfDB’s Sustainable Energy Fund approves grant to spur renewable investments
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank on 17 May 2019 approved a $995,000 grant to support the roll out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia.
