African Development Bank (AfDB)
Company description
The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).
Company details
Participation in projects
Projects as Lender/Bond Arranger per Country ()
Projects as Lender/Bond Arranger per Subsector ()
Loading ...
As Lender
The company has not participated in any projects.
| Country | Project | Current stage | Value (USD MM) | Sectors | Updated | Details |
|---|
Loading ...
As Bond Arranger
The company has not participated in any projects.
| Country | Project | Current stage | Value (USD MM) | Sectors | Updated | Details |
|---|
Loading ...
Loading ...
| Country | Transaction | Type | Sectors | Updated | Details |
|---|
Loading more transactions...
Loading ...
Company updates
-
-
December 16, 2022
Globeleq signs financing agreement for 35 MW geothermal project in Nakuru County
Globeleq has signed a US$72 million in debt financing with African Development Bank (AfDB), Finnfund, and the Eastern and Southern African Trade & Development Bank (TDB) for the 35 MW Menengai geo...
Read more -
December 12, 2022
Financing provided for 2.07 GW Hydropower project in Mozambique
Hidroeléctrica de Cahora Bassa (HCB) in Mozambique has secured a loan package of up to EUR125 million (US$131 million) from the African Development Bank Group to fund the modernization of its e...
Read more -
December 05, 2022
AfDB to invest in multimillion Energy Fund
The African Development Bank (AfDB) has approved a US$20 million equity investment for Evolution III (EVIII), an Africa-focused energy and infra fund managed by Cape Town-based Inspired Evolution...
Read more -
September 27, 2022
Empower, Multiconsult form partnership for African solar projects
Empower New Energy and Multiconsult have formed a partnership to expedite the development of renewable energy projects in Africa through the support of the African Development Bank's Sustainable Energ...
Read more -
July 09, 2021
Meridiam, Gabon Power Company achieve financial close on 35 MW Kinguele Aval hydropower PPP project on Mbei River
Gabon Power Company (GPC), a portfolio company of the Gabonese Strategic Investment Fund (FGIS), and Meridiam have signed an agreement for the financing of the Kinguélé Aval hydroelectri...
Read more -
June 22, 2021
Berkeley Energy secured EUR130mn first close for AREF II
Renewables developer Berkeley Energy has completed a EUR130 million (US$155.92 million) first close for its African Renewable Energy Fund II (AREF II). AREF II, with a final target fund size of...
Read more -
June 22, 2021
Gridworks-AEE Power-Eranove consortium signs concession deal with DRC on US$100m solar-hybrid power project
A consortium led by Gridworks and including Eranove and AEE Power has signed three concession agreements today with the Ministry of Hydraulic Resources and Electricity of the Democratic Republic of Co...
Read more -
June 10, 2021
AfDB signs loan for 50 MW Malagarasi hydropower project in Kigoma
The African Development Bank Group and the Government of Tanzania have signed loan agreements totaling US$140 million to finance the construction of the 50-megawatt Malagarasi hydropower plant in West...
Read more -
May 18, 2021
ACWA Power closes financing of 100 MW Redstone concentrated solar power (CSP) project in Postmasburg
ACWA Power, the lead shareholder in the Redstone concentrated solar power (CSP) plant, has commenced the construction of the 100 MW Redstone project following achievement of a financial close. At ZAR1...
Read more -
May 06, 2021
US to build 5 GW solar complex in Botswana and Namibia
The Federal Government of the United States of America has signed a memorandum of intent (MOI) for the development of up to 5 GW solar complex in Botswana and Namibia. The US government will pa...
Read more
