AFRICA
African electric mobility firm Spiro has raised $215 million to expand electric motorcycles, battery swapping and local clean transport infrastructure.
AFDB
Africa’s development finance debate is shifting from donor flows to domestic capital mobilisation, as AfDB meetings highlight the continent’s annual funding gap.
AFDB
The African Development Fund approves a $14.64m grant to expand climate-smart villages and strengthen climate resilience, agriculture, and data systems across the Sahel.
AFDB
The African Development Fund approves a $14.64m grant to expand climate-smart villages and strengthen climate resilience, agriculture, and data systems across the Sahel.
AFDB
Ahead of COP30, the African Development Bank unveils new financing instruments—including SEFA, ACEF, and the Climate Action Window—to strengthen Africa’s resilience, boost renewables, and accelerate a just energy transition.
BUSINESS
Africa Finance Corporation’s portfolio company Infinity Power has achieved financial close on the 200MW Ras Ghareb Wind Farm in Egypt, securing $153 million in financing from EBRD, Proparco, and JICA. Once complete, the project will power 300,000 homes and cut 390,000 tonnes of CO₂ annually.
AFDB
Heads of Multilateral Development Banks review progress on G20 reforms, release joint reports on water, finance, and social infrastructure, and plan next steps ahead of COP30.
AFDB
New York, USA – September 29, 2025 — In a groundbreaking announcement on the sidelines of the 80th UN General Assembly...
SCIENCE
The African Development Bank (AfDB) and the International Financial Reporting Standards (IFRS) Foundation have signed a letter of intent to enhance sustainability disclosure practices across Africa. This agreement, made during the AfDB’s 2024 Annual Meetings in Nairobi, aims to improve transparency and accountability in the region’s financial markets. Kevin Kariuki, AfDB Vice President for Climate, […]