Read the latest Archives of oil, gas and energy news.
Pan-African finance institution the African Development Bank (AfDB) has granted Mauritania’s national mining corporation Société Nationale Industrielle et Minière (SNIM) a $150 million senior loan facility. The funds will be
The two financial facilities will support economic development and SMEs in Africa.
The funding will help create employment opportunities in the farming regions of Lubombo and Shiselweni.
The African Development Bank will lead efforts to raise $145 million for the Moyi Power Metro-Grids project, bringing solar-powered electricity to over one million people in the DRC.
Angola’s economy relies strongly on oil revenues.
ACWA Power is developing the Suez Wind Energy Project in Egypt under a Build, Own, Operate model, leveraging funding approved by the AfDB.
The $1 million project will focus on digitizing Libya’s financial management systems, enhancing transparency and fostering private sector growth through targeted reforms.
The African Development Bank has launched a Climate Action Window at COP29 to support climate projects across 37 low-income African nations, focusing on adaptation, mitigation and technical assistance.
The agreement will enable the AfDB to redistribute sovereign exposures and optimize its capital resources.
The AfDB, the OPEC Fund for International Development and the government of Madagascar have signed a Letter of Intent (LOI) to increase bioethanol production and enhance access to clean cooking fuels.
