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Light up and Power Africa - High Five Priorities for Africa - 28th Aug 2017

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Lesotho: M9M Solar Project for Lesotho

Power generation in Lesotho is set for a major boost after the African Development Bank approved a US$ 695 500 grant towards the development of 20 megawatt solar Photo Voltaic plant, the first utility-scale solar PV project in the country. NEO I SPV, a subsidiary of OnePower Lesotho, was recently awarded the multi-million maloti grant towards the development of the plant which is expected to feed at least 13 percent of the country's electric power demands into the national grid in the district of Mafeteng
25th Aug 2017 - allafrica.com

M9m solar project for Lesotho


25th Aug 2017 - Lesotho Times

Togo: Rural electrification programme gets $975,000 funding

Backed by the African Development Bank, the Sustainable Energy Fund for Africa has approved the release of a $975,000 subsidy for the CIZO scheme, which aims to distribute PayGo solar kits to the people of Togo. Payment for the equipment will be made via mobile. The programme also aims to lay the foundations for more significant investments in the power sector, to benefit rural areas
22nd Aug 2017 - Ecofin Agency

Africa: Negatu - AfDB Is Investing in a New Initiative to Power Africa By 2025

Gabriel Negatu, The African Development Bank regional director-general spoke to The East African's Allan Olingo on how the region will benefit from the Japan-Africa Energy Initiative to support the New Deal on Energy for Africa. The AfDB will take the lead in project development in consultation with regional member countries but within the initiative's guidelines
19th Aug 2017 - allafrica.com

NEGATU: AfDB is investing in a new initiative to power Africa by 2025


17th Aug 2017 - The East African

AfDB president highlights importance of electricity

AfDB's Adesina has warned that structural problems continue to hamper Africa's growth. `At the top of the list is electricity, Africa cannot develop in the dark,` he said, pointing to $12bn being invested over the next five years in energy, to leverage a further $45-50bn from the private sector and other sources. The bank has also led a loan syndication of $965m for South Africa's Eskom electricity provider, to support development of 13,000mw of power generation capacity
21st Aug 2017 - Public Finance International

Uganda signs MOU to export electricity to DRC

Over 220kilo volts of electricity will be exported to the DRC in an African Development Bank funded project. The details of the project, contained in an MOU that NTV has obtained indicate that a 352km stretch of electricity lines will stretch from Kasese towards Butembo in DRC and along the way powering Bunia and Beni towns.
19th Aug 2017 - ntv.co.ug

Company raises $2billion for 20,000mw expansion

The Transmission Company of Nigeria has secured about $2 billion for the expansion of its transmission capacities up to 20,000 megawatts within the next three years. The fund is also earmarked to help in the rehabilitation of the country's national grid infrastructure. The fund for expansion was raised from the World Bank, African Development Bank, Islamic Development Bank, Japanese Agency for International Cooperation and the European Union
21st Aug 2017 - Pulse Nigeria

Nigeria: TCN set to rehabilitate national grid infrastructure


21st Aug 2017 - ESI-Africa


Light up and Power Africa - High Five Priorities for Africa - 3rd Aug 2017

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Cleaning Ghana’s power sector : AfDB pledges support

President of the African Development Bank, Mr. Akinwumi Adesina has pledged of his outfit’s commitment to provide government with significant support to clear its energy sector debt. He argues that the perennial challenges that have confronted the country’s power sector require robust measures to address them permanently. “There is no way that Africa can develop without power. An economy without power really cannot go far,” he said. He adds that the bank is willing to help improve liquidity profile of the energy companies facing severe damage issues in Ghana.
4th Aug 2017 - Citi 73FM Online

AfDB President Adesina visits Ghana to strengthen cooperation

AfDB’s portfolio in Ghana as at June 2017 is composed of 22 operations with an overall commitment of UA 683.34 million (about $950,319,370). The Bank is finalising a new Country Strategy Paper for Ghana for the period 2017-2021. The Strategy will support Ghana’s efforts to transform the economy through three of AfDB’s High 5s (Light up and power Africa, Industrialise Africa and Feed Africa)
2nd Aug 2017 - CPI Financial