African Development Bank Group approves UA 16 million to strengthen legal expertise and negotiating capacities of transition states
The funds, from the African Development Fund (ADF) Transition Support Facility, will provide additional funding and operational flexibility
ABIDJAN, Ivory Coast, December 22, 2020/APO Group/
The Boards of Directors of the African Development Bank (www.AfDB.org) and the African Development Fund (ADF) have approved a grant of UA 16 million to the African Legal Support Facility (ALSF) to strengthen legal expertise and negotiating capacities of transition states in Africa.
The funds, from the ADF’s Transition Support Facility, will provide additional funding and operational flexibility through which the Bank can assist eligible Regional Members Countries (RMCs) facing issues of fragility to build resilience. The Targeted Support Window (Pillar III) through which the funds will be disbursed, provides a limited pool of resources to support capacity bu
Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
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The African Development Bank’s (www.AfDB.org) Board of Directors on Monday 14 December 2020 approved $15 million from the Sustainable Energy Fund for Africa [SEFA (https://bit.ly/3r9hP1s)] and $10 million from the Clean Technology Fund (CTF) to advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan Africa.
SEFA’s contribution will comprise a package of $10 million in equity and a $5 million reimbursable grant. CTF, part of the Climate Investment Funds (CIF), will provide $10 million in equity. The combined contribution of $20 million from SEFA and CTF will go to capitalize AREF II’s catalytic tranche. The reimbursable grant is earmarked for AREF II’s project support facility. The CTF contribution was approved by the CTF Trust Fund Committee on July 2020 under its Dedicated Private Sector Program (DPS
Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers
SEFA’s contribution will comprise a package of $10 million in equity and a $5 million reimbursable grant
ABIDJAN, Ivory Coast, December 21, 2020/APO Group/
The African Development Bank’s (www.AfDB.org) Board of Directors on Monday 14 December 2020 approved $15 million from the Sustainable Energy Fund for Africa [SEFA (https://bit.ly/3r9hP1s)] and $10 million from the Clean Technology Fund (CTF) to advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan Africa.
SEFA’s contribution will comprise a package of $10 million in equity and a $5 million reimbursable grant. CTF, part of the Climate Investment Funds (CIF), will provide $10 million in equity. The combined contribution of $20 million from SEFA and CTF will go to capitalize AREF II’s catalytic tranche. The reimbursable gran