Kevin Kariuki

African Development Bank to Fund 100 MW Tunisian Solar Project

The loan package is to co-finance the construction of the 100 MW Kairouan solar energy plant in Tunisia. The new financial aid covers $10 million and another EUR10 million from the Bank, as well as $17 million concessional financing from the Sustainable Energy Fund for Africa (SEFA).

Jan 3, 2023 // Markets & Finance News, international finance corporation, African Development Bank, Wale Shonibare, SEFA, Kevin Kariuki, Daniel Schroth, Tunisia solar power project, Clean Technology Fund, Kairouan solar power plant, Sustainable Energy Fund for Africa

AfDB Invests $20 Million in Fund for RE Expansion in Sub-Sahara

ADB's support will certainly add to an extra 2,162-MW of installed renewable power generation capacity as well as 1.8 million tons of CO2 emission cost savings. The Bank's investment in Evolution Fund III lines up with its High Five goals, particularly, "Light Up and Power Africa" under its New Deal on Energy for Africa.

Nov 17, 2022 // Markets & Finance News, AfDB, African Development Bank, SUB-SAHARAN AFRICA, Kevin Kariuki, Christopher Clarke, Evolution Fund III, Fund for Africa, Inspired Evolution Investment Management

AfDB Approves $27 Mn Loan to Establish 200 MW Solar Plant in Egypt

The African Development Bank's Board of Directors today authorized $27.2 million in lending financing for the layout, building and construction and also operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile.

Mar 9, 2021 // Plants, Large-Scale, Commercial, Asia, Africa, Egypt, AfDB, African Development Bank, kom ombo, Solar Power Plant, Electricity, Kevin Kariuki

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