ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home News

Africa: $5.5 billions for energy and economic transformation

The president of the African Development Bank, Akinwunmi Adesina, praises the impact of this transformative infrastructure financing in 28 countries.

in News
Reading Time: 2 mins read
0 0
0
Africa: $5.5 Billion for Energy and Economic Transformation
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

Africa50, the investment platform created by African governments and the African Development Bank (AfDB), has mobilized over $1.1 billion in capital and catalyzed an additional $4.4 billion in external financing in just seven years. These funds are transforming key infrastructures in sectors such as energy, transport, and health, closing the development gaps that limit economic growth across the continent.

Lesotho Launches ICT-Driven RASME Initiative to Revolutionize Remote Monitoring of Development Projects 

During the 2024 Annual General Shareholders’ Meeting in Antananarivo, Madagascar’s President, Andry Rajoelina, emphasized the impact of these funds on his country’s infrastructure. “Thanks to projects like Sahofika, we are reducing our dependence on thermal energy by over 30%. This not only lowers energy generation costs but also drives our transition to a more sustainable energy mix”, Rajoelina noted. “Africa has the opportunity to lead the fight against climate change, and Africa50 is key to making this possible”.

Tanzania’s President, Samia Suluhu Hassan, through her Finance Minister, Mwigulu Nchemba, highlighted the urgency of developing clean energy infrastructure, particularly the implementation of clean cooking technologies. “It is crucial to make clean cooking affordable, especially in low-income areas. Africa50 can play an important role in financing these technologies that improve the health and well-being of millions of Africans”, she commented.

African Development Bank President, Akinwunmi Adesina, praised the impact of Africa50 in financing transformative infrastructure projects in 28 countries. “Africa50 is closing the financing gap through innovative solutions and strategic partnerships. Its portfolio of 25 projects, valued at more than $8 billion, is a testament to the transformative impact in key sectors such as energy, transport, and health”, Adesina stated.

More

Beijing to Host 3rd China International Supply Chain Expo in July 2025

AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

AfriLabs Expands to 514 Innovation Hubs Across Africa, Impacting Over 280,000 Entrepreneurs in 2024

Alain Ebobissé, CEO of Africa50, emphasized the significance of the Infrastructure Acceleration Fund, which raised $222.5 million in its first close. “This fund marks a milestone in mobilizing African capital to finance strategic projects. Our goal is to continue mobilizing resources that boost connectivity and drive economic growth across Africa”, Ebobissé noted.

Africanian

Africanian

  • Trending
  • Comments
  • Latest
Jump Shot: The NBPA x UM6P Innovation Challenge – A Game-Changer for African Entrepreneurs

Jump Shot: The NBPA x UM6P Innovation Challenge – A Game-Changer for African Entrepreneurs

March 24, 2025
From AI and climate tech to gender inclusion and digital skills, AfriLabs’ initiatives directly reached over 280,000 startups, entrepreneurs, and youth,

AfriLabs Expands to 514 Innovation Hubs Across Africa, Impacting Over 280,000 Entrepreneurs in 2024

July 19, 2025
AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

July 19, 2025
Beijing to Host 3rd China International Supply Chain Expo in July 2025

Beijing to Host 3rd China International Supply Chain Expo in July 2025

July 19, 2025
AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

July 19, 2025
From AI and climate tech to gender inclusion and digital skills, AfriLabs’ initiatives directly reached over 280,000 startups, entrepreneurs, and youth,

AfriLabs Expands to 514 Innovation Hubs Across Africa, Impacting Over 280,000 Entrepreneurs in 2024

July 19, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to [email protected]

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to [email protected]. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.