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Green Climate Fund approves $170.9m in co-financing for AfDB’s LEAF program

Ololade Omosan-Agie The Board of the Green Climate Fund(link is external) (GCF) has approved $170.9 million in financing for the African Development Bank’s Leveraging Energy Access Finance Framework (LEAF) program.  LEAF aims to unlock commercial and local-currency financing for decentralized renewable energy (DRE)  projects in six program countries: Ghana, Guinea, Ethiopia, Kenya, …

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Appointment announcement acting Auditor General Mr. Mouhamed BA

The African Development Bank Group is pleased to announce the appointment of Mr. Mouhamed BA as Acting Auditor General, effective June 1st, 2021. As Acting Auditor General, Mouhamed will be responsible for managing the internal audit activities of the African Development Bank Group, reporting to the President and the Audit …

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AfDB, Korea to channel $600m into Solar energy investments

Oluwasina Phillip The African Development Bank, the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank. The Korea-Africa Energy Investment Framework (KAEIF) pact follows the signing …

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Ghana Commissions First Toyota Plant In West Africa

Olololade Omosan-Agie President Nana Akufo-Addo has commissioned a Toyota assembly plant in Ghana. The commissioning marks the deal sealed by the West African country with Toyota back in 2019. Akufo-Addo commissioned the factory on Tuesday in the Toyota Tsusho Manufacturing Company Limited at Freezones Enclave, Tema. The country has recently …

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