Finance

BY Abdulazeez Hameed • 4 min read

African leaders have used the AfDB Annual Meetings to push for stronger financing of energy, infrastructure and climate-linked growth as Africa seeks to fund its own development agenda.

BY Abdulazeez Hameed • 1 min read

South Africa’s energy transition is drawing more private capital as firms seek funding for industrial infrastructure and renewable power projects.

BY Abdulazeez Hameed • 2 min read

Nigeria’s Rural Electrification Agency and private-sector partners have launched a $188 million blended finance platform to support 191MW of distributed solar projects and expand electricity access through renewable energy solutions nationwide.

BY Abdulazeez Hameed • 2 min read

A new World Bank-backed financing initiative will support the rollout of pay-as-you-go solar systems across underserved African communities amid growing efforts to tackle the continent’s electricity access crisis.

BY Abdulazeez Hameed • 2 min read

Zambia and SunShare Energy have signed a $246 million agreement to expand the Nambala Solar PV plant by 200MW, boosting the country’s renewable energy capacity to 250MW.

BY Abdulazeez Hameed• 1 min read

COMESA has launched a $25 million project preparation facility under its ASCENT programme to accelerate the development of investment-ready energy projects and expand electricity access across Eastern and Southern Africa.

BY Abdulazeez Hameed • 1 min read

Sierra Leone’s $225m offshore oil deal signals a renewed push to attract upstream investment, as African nations compete to unlock new reserves and strengthen energy security amid shifting global supply dynamics.

BY Abdulazeez Hameed• 2 min read

Tanzania’s $967m energy budget signals aggressive investment in power, gas and infrastructure, aimed at boosting access, supporting industrial growth and strengthening long-term energy security.

BY Abdulazeez Hameed• 1 min read

AfDB’s $24.5m grant to São Tomé and Príncipe underscores growing investment in clean energy, aiming to cut diesel dependence, expand access, and strengthen energy systems in small island economies.

BY Abdulazeez Hameed• 1 min read

AfDB’s additional funding for Rwanda’s Muvumba project highlights growing investment in climate-resilient infrastructure to boost agriculture, energy supply and long-term food security.