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Submission: On December 15 via api from US — Scanned from CA
Submission: On December 15 via api from US — Scanned from CA
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<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="457"> Austria</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="980"> Azerbaijan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="700"> Bahrain</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="768"> Bangladesh</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="744"> Belarus</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="449"> Belgium</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="329"> Benin</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="333"> Botswana</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="760"> Brazil</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="764"> Brunei</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="936"> Bulgaria</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="341"> Burkina Faso</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="345"> Burundi</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="732"> California</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="353"> Cameroon</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="621"> Canada</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="361"> Cape Verde</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="972"> Casablanca</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="369"> Central African Republic</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="377"> Chad</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1036"> Channel Islands</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="944"> Chile</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="433"> China</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="385"> Comoros</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="393"> Congo (Republic of the)</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1008"> Costa Rica</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="788"> Croatia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="900"> Croatie</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="736"> Cuba</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="920"> Cyprus</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="876"> Czech Republic</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="425"> Democratic Republic of the Congo</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="421"> Denmark</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="441"> Djibouti</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1032"> Ecuador</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="473"> Egypt</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="489"> Equatorial Guinea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="501"> Eritrea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="932"> Estonia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="581"> Eswatini</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="505"> Ethiopia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="752"> Finland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="497"> France</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="521"> Gabon</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1060"> Georgia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="469"> Germany</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="545"> Ghana</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="728"> Greece</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1064"> Grenada</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1068"> Grenada</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="561"> Guinea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="577"> Guinea-Bissau</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="928"> Guyana</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="896"> Hong Kong</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="784"> Hungary</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="756"> Illinois</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="409"> India</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="992"> Indonesia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="401"> Iran</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="880"> Iraq</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="660"> Ireland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="397"> Israel</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="389"> Italy</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="593"> Ivory Coast</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="960"> Jamaica</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="381"> Japan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="716"> Jordan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1040"> Kazakhstan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="601"> Kenya</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="724"> Kuwait</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="968"> Kyrgyzstan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="884"> Latvia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="720"> Lebanon</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="609"> Lesotho</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="613"> Liberia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="605"> Libya</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="856"> Lithuania</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="676"> Luxembourg</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="597"> Madagascar</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="585"> Malawi</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="772"> Malaysia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="864"> Maldives</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="573"> Mali</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="680"> Malta</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="557"> Mauritania</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="537"> Mauritius</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="708"> Middle East</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="712"> Monaco</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="517"> Morocco</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="481"> Mozambique</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="465"> Namibia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="644"> Nepal</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1056"> New Caledonia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="692"> New Zealand</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="405"> Niger</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="417"> Nigeria</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="820"> NORTH SUDAN</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="365"> Norway</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="812"> OMAN</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="844"> Oman</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="892"> Pakistan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1048"> Papua New Guinea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="860"> Philippines</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="840"> Poland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="357"> Portugal</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="816"> Qatar</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="976"> REPUBLIQUE TOGOLAISE</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="780"> Romania</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="337"> Russia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="429"> Rwanda</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1024"> Saint Kitts and Nevis</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1000"> Samoa</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="437"> São Tomé and Príncipe</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="664"> Saudi Arabia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="988"> Scotland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="453"> Senegal</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="461"> Seychelles</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="477"> Sierra Leone</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="349"> Singapore</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="904"> Slovenia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1052"> Solomon Islands</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="493"> Somalia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="776"> Somaliland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="513"> South Africa</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="940"> South America</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="796"> South Korea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="529"> South Sudan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="413"> Spain</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="848"> Sri Lanka</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="553"> Sudan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="924"> Suriname</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="824"> Sweden</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="325"> Switzerland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="868"> Tajikistan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="589"> Tanzania</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="836"> Thailand</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1012"> The Bahamas</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="533"> The Gambia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="373"> The Netherlands</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="748"> The People's Republic of China</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="569"> Togo</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1044"> Tonga</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="565"> Tunisia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="317"> Turkey</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="916"> Turkmenistan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="996"> Turks and Caicos Islands</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="549"> Uganda</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="852"> Ukraine</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="628"> United Arab Emirates</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="485"> United Kingdom</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="509"> United States of America</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="908"> Uzbekistan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="617"> Vatican</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1028"> Vietnam</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1016"> West Indies</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="808"> Yemen</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="541"> Zambia</label></a></li>
<li class="last"><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="525"> Zimbabwe</label></a></li>
</ul>
</div>
</div>
<div class="form-item form-item-startdate">
<input type="text" name="start_date" value="" id="start-date" class="form-control dateNtime hasDatepicker" placeholder="From">
</div>
<div class="form-item form-itme-enddate">
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<div class="form-group checkbox media_types" style="display: none;">
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<input id="checkbox-all" class="mediatype-checkall" type="checkbox" checked="checked" data-value="yes">
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</div>
<div class="form-item form-item-checkbox">
<input id="checkbox-Audio" class="mediatype-check" name="media_type[a]" value="a" type="checkbox">
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</div>
<div class="form-item form-item-checkbox">
<input id="checkbox-Images" class="mediatype-check" name="media_type[i]" value="i" type="checkbox">
<label for="checkbox-Images">Images</label>
</div>
<div class="form-item form-item-checkbox">
<input id="checkbox-Documents" class="mediatype-check" name="media_type[d]" value="d" type="checkbox">
<label for="checkbox-Documents">Documents</label>
</div>
</div>
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</form>Text Content
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Source: African Development Bank Group (AfDB) | Dec 13, 2024
AFRICAN DEVELOPMENT BANK TO MAKE $30 MILLION EQUITY INVESTMENT IN AFRICA FINANCE
CORPORATION TO CATALYSE CLIMATE ACTION
The investment is projected to contribute to the creation of over 1,600
full-time equivalent jobs by 2031, while also fostering regional integration,
and generating clean, reliable energy
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ABIDJAN, Ivory Coast, December 13, 2024/APO Group/ --
The African Development Bank’s (www.AfDB.org) Board of Directors has approved a
$30 million equity investment in Africa Finance Corporation (AFC) for the
rollout of innovative "green shares” aimed at mobilising resources for climate
action projects across Africa.
The innovative financial instruments are expected to unlock significant funding
for high-impact projects, including wind and solar power plants in Djibouti and
Egypt and energy storage systems in Cabo Verde. AFC will leverage the green
equity and mobilise debt funding from capital markets for on-lending to
sub-projects. The board approval took place on 11 December 2024.
Despite contributing less than 3% of global carbon emissions, Africa faces
severe climate impacts and an annual infrastructure financing gap of $170
billion. The African Development Bank’s investment positions AFC to play a key
role in establishing an ecosystem of sustainable financing that will bridge
these gaps to create economic opportunities and enhance Africa’s climate
resilience.
> The Bank Group’s first-mover investment in AFC’s green shares is expected to
> attract other regional and global investors, amplifying the impact of this
> initiative
Solomon Quaynor, African Development Bank Vice President for Private Sector,
Infrastructure and Industrialisation said, “the collaboration between the
African Development Bank and Africa Finance Corporation exemplifies the
transformative power of strategic partnerships. The Bank Group’s first-mover
investment in AFC’s green shares is expected to attract other regional and
global investors, amplifying the impact of this initiative, and sending a strong
signal to global investors that Africa is ready to lead the way in green
growth.”
"We are honoured to welcome the African Development Bank, Africa’s largest
development finance institution, as the first investor in our Green Shares
program,” said Banji Fehintola, Executive Board Member and Head of Financial
Services at AFC. “Their $30 million commitment highlights the critical role of
sustainable financing in tackling Africa’s climate and infrastructure
challenges, while strengthening our shared mission to drive transformative
change across the continent. By working with a like-minded partner who shares
our vision for a prosperous and sustainable Africa, we are advancing impactful
solutions that support the continent’s green transition and long-term
development," he added.
Ahmed Attout, the Bank’s Director for Financial Sector Development, stressed
that, “This partnership with AFC is a major milestone in our efforts to channel
domestic, regional, and global capital into projects that build climate
resilience and foster sustainable growth.”
The investment is projected to contribute to the creation of over 1,600
full-time equivalent jobs by 2031, while also fostering regional integration,
and generating clean, reliable energy to power millions of African households.
It is also expected to drive inclusive growth and expand economic opportunities
for marginalised populations, including women and rural communities.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Media Contacts:
AFC
Yewande Thorpe
Mobile : +234 1 279 9654
Email : yewande.thorpe@africafc.org
African Development Bank
Olufemi Terry
Communication and External Relations Department
Email: media@afdb.org
About Africa Finance Corporation:
Africa Finance Corporation was established in 2007 to be the catalyst for
pragmatic infrastructure and industrial investments across Africa. AFC’s
approach combines specialist industry expertise with a focus on financial and
technical advisory, project structuring, project development, and risk capital
to address Africa’s infrastructure development needs and drive sustainable
economic growth.
Seventeen years on, AFC has developed a track record as the partner of choice in
Africa for investing and delivering on instrumental, high-quality infrastructure
assets that provide essential services in the core infrastructure sectors of
power, natural resources, heavy industry, transport, and telecommunications. AFC
has 43 member countries and has invested US$13 billion across Africa since
inception.
About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance
institution. It comprises three distinct entities: the African Development Bank
(AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On
the ground in 41 African countries with an external office in Japan, the Bank
contributes to the economic development and the social progress of its 54
regional member states. For more information: www.AfDB.org
* Africa
* Banking/Finance
* Environment
* Investment
* Renewable Energy
African Development Bank to make $30 million equity investment in Africa Finance
Corporation to catalyse climate action The investment is projected to contribute
to the creation of over 1,600 full-time equivalent jobs by 2031, while also
fostering regional integration, and generating clean, reliable energy ABIDJAN,
Ivory Coast, December 13, 2024/APO Group/ -- The African Development Bank’s
(www.AfDB.org) Board of Directors has approved a $30 million equity investment
in Africa Finance Corporation (AFC) for the rollout of innovative "green shares”
aimed at mobilising resources for climate action projects across Africa. The
innovative financial instruments are expected to unlock significant funding for
high-impact projects, including wind and solar power plants in Djibouti and
Egypt and energy storage systems in Cabo Verde. AFC will leverage the green
equity and mobilise debt funding from capital markets for on-lending to
sub-projects. The board approval took place on 11 December 2024. Despite
contributing less than 3% of global carbon emissions, Africa faces severe
climate impacts and an annual infrastructure financing gap of $170 billion. The
African Development Bank’s investment positions AFC to play a key role in
establishing an ecosystem of sustainable financing that will bridge these gaps
to create economic opportunities and enhance Africa’s climate resilience.
Solomon Quaynor, African Development Bank Vice President for Private Sector,
Infrastructure and Industrialisation said, “the collaboration between the
African Development Bank and Africa Finance Corporation exemplifies the
transformative power of strategic partnerships. The Bank Group’s first-mover
investment in AFC’s green shares is expected to attract other regional and
global investors, amplifying the impact of this initiative, and sending a strong
signal to global investors that Africa is ready to lead the way in green
growth.” "We are honoured to welcome the African Development Bank, Africa’s
largest development finance institution, as the first investor in our Green
Shares program,” said Banji Fehintola, Executive Board Member and Head of
Financial Services at AFC. “Their $30 million commitment highlights the critical
role of sustainable financing in tackling Africa’s climate and infrastructure
challenges, while strengthening our shared mission to drive transformative
change across the continent. By working with a like-minded partner who shares
our vision for a prosperous and sustainable Africa, we are advancing impactful
solutions that support the continent’s green transition and long-term
development," he added. Ahmed Attout, the Bank’s Director for Financial Sector
Development, stressed that, “This partnership with AFC is a major milestone in
our efforts to channel domestic, regional, and global capital into projects that
build climate resilience and foster sustainable growth.” The investment is
projected to contribute to the creation of over 1,600 full-time equivalent jobs
by 2031, while also fostering regional integration, and generating clean,
reliable energy to power millions of African households. It is also expected to
drive inclusive growth and expand economic opportunities for marginalised
populations, including women and rural communities. Distributed by APO Group on
behalf of African Development Bank Group (AfDB). Media Contacts: AFC Yewande
Thorpe Mobile : +234 1 279 9654 Email : yewande.thorpe@africafc.org African
Development Bank Olufemi Terry Communication and External Relations Department
Email: media@afdb.org About Africa Finance Corporation: Africa Finance
Corporation was established in 2007 to be the catalyst for pragmatic
infrastructure and industrial investments across Africa. AFC’s approach combines
specialist industry expertise with a focus on financial and technical advisory,
project structuring, project development, and risk capital to address Africa’s
infrastructure development needs and drive sustainable economic growth.
Seventeen years on, AFC has developed a track record as the partner of choice in
Africa for investing and delivering on instrumental, high-quality infrastructure
assets that provide essential services in the core infrastructure sectors of
power, natural resources, heavy industry, transport, and telecommunications. AFC
has 43 member countries and has invested US$13 billion across Africa since
inception. About the African Development Bank Group: The African Development
Bank Group is Africa’s premier development finance institution. It comprises
three distinct entities: the African Development Bank (AfDB), the African
Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41
African countries with an external office in Japan, the Bank contributes to the
economic development and the social progress of its 54 regional member states.
For more information: www.AfDB.org
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AFRICAN DEVELOPMENT BANK GROUP (AFDB)
The African Development Bank Group is Africa’s premier development finance
institution. It comprises three distinct entities: the African Development Bank
(AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On
the ground in 41 African countries with an external office…
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The investment is projected to contribute to the creation of over 1,600
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PrevNext
> It's not how much money is spent, but how many people's lives are being
> improved. This map plots the 1300 geographical locations of the 227 #AfDB's
> operations that were completed between 2014-2016 in each of the #High5s - the
> Bank's five priority areas: Feed Africa, Light up and power Africa,
> Industrialize Africa, Integrate Africa, Improve the quality of life for the
> people of Africa. We are transforming Africa! . On mapafrica.afdb.org, you can
> explore our 7000 project locations through the High 5s. . . Cette carte
> interactive indique ce que fait la BAD et où en Afrique : 227 opérations sur
> 1300 sites ont été achevées entre 2014 et 2016 dans chacune des High 5, les
> cinq grandes priorités de la Banque : Nourrir l’Afrique - Éclairer l’Afrique
> et l’alimenter en énergie - Industrialiser l’Afrique - Intégrer l’Afrique -
> Améliorer la qualité de vie des Africains. Nous œuvrons à la transformation de
> l'Afrique ! . Sur mapafrica.afdb.org, explorez les 7 000 localisations de nos
> projets à travers nos High 5. . . . #AfDB #BAD #High5 #Africa #Afrique
> #Development #Developmment #Transparency
>
> A post shared by African Development Bank Group (@afdb_group) on Oct 2, 2017
> at 10:43am PDT
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