Despite Electricity, Forex Challenges, Africa Records 40% of Investments in Greenfield MegaProjects in 2022 – AfDB

In its January 2024 report on Africa’s economic performance and macroeconomic outlook, released February 16, 2024,…

EBRD Invests €35m in Green Bond

The European Bank for Reconstruction and Development (EBRD) has invested €35 million in a green bond…

Germany, Algeria Set Up Task Forces to Drive Hydrogen Development

Germany and Algeria have decided to set up a bilateral task force to develop infrastructure and…

AfDB, Trade and Development Bank to Finance $15m Clean Technologies in Africa

The African Development Bank (AfDB) Group has announced a follow-up equity investment of $15 million in…

IFC, SIMA Launch $150m Solar Green Bond for African Solar Developers

The World Bank’s International Finance Corporation (IFC), in partnership with Social Investment Managers and Advisors LLC…

Italy Commits 5.5 Billion Euros For African Development

At the Italy-Africa Summit on January 29, 2024, Prime Minister Georgia Meloni unveiled a 5.5 billion…

IESBA Proposes New Ethics Code to Combat Greenwashing

The chief of the International Ethics Standards Board for Accountants (IESBA), Gabriela Figueiredo Dias, has said…

Egypt Secures $100m Loan from EBRD for Green Transition

Egypt is leading in the European Bank for Reconstruction and Development’s (EBRD) 2023 investments in the southern and…

Kumasi’s 4.3MW Solar Plant Powers Green Steel in Ghana

Kumasi’s largest rooftop solar power plant, with a 4.3 MW capacity, is now operational. It supplies…

Egypt and BRICS Collaborate on Electricity and Renewable Energy

Mohamed Shaker, the Minister of Electricity and Renewable Energy and Vladimir Kazbekov, the Deputy Head of…