The African Development Bank Group (AfDB)
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ENERGY
African Development Bank backs $11.3M mini-grid facility across 14 African countries
The African Development Bank Group has approved $5.65 million to support an $11.3 million financing facility designed to expand renewable-energy mini-grids across 14 fragile and energy poor African countries. The Sustainable Energy Fund for Africa (SEFA) grant will be matched by the Nordic Development Fund, creating the Peace Renewable Energy Certificate (P-REC) Aggregation Facility. The initiative will use revenues from…
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NEWS
Ethiopia Secures $110 million AfDB Financing for 300MW Aysha Wind Power
Ethiopia has obtained up to $110 million funding from the African Development Bank Group for the development of the 300MW Aysha Power Project, a renewable energy initiative expected to become the country’s largest wind power facility upon completion. The investment marks a significant step in Ethiopia’s strategy to expand clean energy generation, strengthen electricity supply and diversify its power mix.…
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NEWS
AfDB and KCB Bank sign $150 million deal to accelerate green lending and trade
The African Development Bank Group (AfDB) and KCB Bank Kenya have sealed a major financing agreement worth $150 million (approx. KES 19.5 billion) aimed at bolstering green finance and expanding trade capabilities for Kenyan businesses. The deal, signed on December 11, 2025, positions KCB to significantly increase its lending to climate-smart projects while supporting the country’s small business and corporate…
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