• Latest
  • Trending
AfDB President Akinwunmi Adesina

AfDB assesses success of African Investment Forum

November 14, 2018
appointments:-enugu-north-unfairly-treated-–-buhari-movement

Appointments: Enugu North unfairly treated – Buhari Movement

July 13, 2020
federal-legislator-advocates-cancellation-of-annual-recess-over-critical-bills

Federal legislator advocates cancellation of annual recess over critical bills

July 13, 2020
covid-19:-bill-gates-is-linked-to-666-–-pastor-chris-okotie-reveals-satan’s-plans

COVID-19: Bill Gates is linked to 666 – Pastor Chris Okotie reveals Satan’s plans

July 13, 2020
ogun-nnpp-fires-abiodun-as-bridge-collapses-less-than-one-year-after-construction

NNPP fires Abiodun as bridge collapses less than one year after construction

July 13, 2020
efcc:-magu-worked-for-osinbajo,-tinubu,-they-are-his-godfathers-–-fani-kayode

EFCC: Magu worked for Osinbajo, Tinubu, they are his godfathers – Fani-Kayode

July 13, 2020
covid-19:-ncdc-announces-discharge-of-13,447-patients,-571-new-cases

COVID-19: NCDC announces discharge of 13,447 patients, 571 new cases

July 13, 2020
magu:-buhari,-apc-against-corruption-–-spokesman,-nabena

Magu: Buhari, APC against corruption – Yekini Nabena

July 13, 2020
malami-breaks-silence-on-approving-auctioning-of-seized-oil-vessels

Malami breaks silence on approving auctioning of seized oil vessels

July 12, 2020
nigerian-troops-kill-scores-of-bandits,-rescue-kidnapped-victims-in-sokoto,-zamfara

Nigerian troops kill scores of bandits, rescue kidnapped victims in Sokoto, Zamfara

July 12, 2020
kwara-deputy-governor’s-staff-contract-covid-19

Kwara Deputy Governor’s staff contract COVID-19

July 12, 2020
how-nigerian-govt,-states,-lgs-shared-n7.8-trn-in-2019-[breakdown]

How Nigerian govt, States, LGs shared N7.8 trn in 2019

July 12, 2020
covid-19:-guidelines-for-school-reopening-in-akwa-ibom-unrealistic,-tough-–-proprietors

COVID-19: Guidelines for school reopening in Akwa Ibom unrealistic, tough – Proprietors

July 12, 2020
  • About Us
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy
Thursday, February 2, 2023
Nigerian News
  • Home
  • News
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
  • Tech
  • Security
No Result
View All Result
Nigerian News
  • Home
  • News
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
  • Tech
  • Security
No Result
View All Result
Nigerian News
No Result
View All Result

AfDB assesses success of African Investment Forum

by Olalere Abolore
November 14, 2018
0
AfDB President Akinwunmi Adesina

AfDB President Akinwunmi Adesina

783
SHARES
6.5k
VIEWS
Share on FacebookShare on Twitter

The just-concluded Africa Investment Forum successfully convened key stakeholders and provided a platform for effective dialogue to drive investments into the continent.

Running on the margins of the Forum, the Africa Energy Market Place (AEMP) progressed with country-specific discussions that began at the inaugural AEMP in July 2018 aimed at removing barriers to private sector investments in energy.

ReadAlso

AfDB Presidency: Why Adesina Deserves 2nd Term

Grab opportunities in Africa, AfDB urges investors

Noteworthy gains were realized in the energy sector as various expressions and letters of interest were signed for projects in Ethiopia, Ghana, Angola and Cameroon, signalling commitment to continued collaboration.

On 8 November, the African Development Bank (AfDB) signed a Letter of Interest for a US$100 million blended finance facility for Ethiopia’s Off-grid programme.

Web Hosting in Nigeria

The operation, co-financed by the Bank and the European Union, is intended to support the off-grid sector, in line with Ethiopia’s National Electrification Plan targeting up to 5.7 million household connections by 2025.

Speaking at the signing, Bank President, Dr. Akinwumi Adesina, praised Ethiopia’s efficient utilization of financial resources. Also present at the signing, Ethiopia’s H.E. Sahle-Work Zewde reiterated Ethiopia’s commitment to ensuring that funds are optimally utilized to develop the country.

The Bank and Aenergy signed a Letter of Interest to arrange US$ 500 million of development finance capital for the Electricity Company of Ghana (ECG) project.

Standard Bank will arrange US$ 300 million of commercial banking finance, bringing the total amount to US$ 800 million.

This amount will supplement the investments of Aenergy and its partners. Aenergy is an Angolan-based, Africa-focused energy sector investor, developer and operator who was selected through a tender process as the preferred bidder for ECG’s distribution business.

“Utilities are pivotal in driving economic growth and transforming industry. We are very proud to be associated with Aenergy to drive this project which will have a major impact on the Ghanaian economy”, said Amadou Hott, Bank Vice President Vice-President Power, Energy, Climate Change and Green Growth.

The Bank also signed an Expression of Interest with Aenergy for power generation projects in Angola and Cameroon with a combined power output of over 1000MW.

“We are really looking forward to working with the Bank on these strategically important projects and for the opportunity to contribute to the growth strategies of Angola and Cameroon,” said Ricardo Machado, founder and CEO of Aenergy.

Other positive outcomes in the follow-up boardroom conversations included continued progress and clarity on regulatory and policy issues, tariffs, liquidity, and reforms to fast-track transactions and move pipeline projects towards completion.

Nigerians news

Email us @ info[at]nigerians.news
Previous Post

Surety fails to produce suspect, becomes accused

Next Post

Islamic sect advises youths against agents of destruction

Related Posts

ogun-nnpp-fires-abiodun-as-bridge-collapses-less-than-one-year-after-construction
Featured

NNPP fires Abiodun as bridge collapses less than one year after construction

July 13, 2020
efcc:-magu-worked-for-osinbajo,-tinubu,-they-are-his-godfathers-–-fani-kayode
Anti-corruption

EFCC: Magu worked for Osinbajo, Tinubu, they are his godfathers – Fani-Kayode

July 13, 2020
how-nigerian-govt,-states,-lgs-shared-n7.8-trn-in-2019-[breakdown]
Economy

How Nigerian govt, States, LGs shared N7.8 trn in 2019

July 12, 2020
buhari-told-to-sack-buratai-now
Featured

Sack Buratai Now – Olusegun

July 12, 2020
nddc-n40-billion-alleged-scam:-akpabio,-ex-md-trade-tackles
Anti-corruption

NDDC N40 billion alleged scam: Akpabio, Ex-MD trade tackles

July 12, 2020
usman-vs-masvidal:-buhari-reacts-as-nigerian-retains-ufc-title
Featured

Usman vs Masvidal: Buhari reacts as Nigerian retains UFC title

July 12, 2020
Next Post
Islamic sect advises youths against agents of destruction

Islamic sect advises youths against agents of destruction

Cheap Web hosting in Nigeria

Popular News

House votes to release Trump-Russia transcripts

Russia accuses US of planning to create new state in Syria

Barcelona star Turan faces 12 years in jail for brawl with singer

Gunmen kill OAU professor

TV host donates $100,000 to Nigerian paralysed footballer

Residents lament killings in Ondo community, say helicopter dropping arms to suspected herdsmen

Woman kills husband, children, self

Counting machines malfunction in Florida as vote recount begins

Morocco commissions Africa’s fastest train

Just In: Boko Haram kidnaps 15 girls

Subscribe to Nigerian's news Alert

Enter your email address to subscribe to Nigerian's news and receive notifications of new posts by email.

Join 245 other subscribers

Nigerian News

© 2019 Nigerian's news | Designed by Afeeshost

Quick Links

  • About Us
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy

Follow Us

  • Home
  • News
  • World
  • Business
  • Entertainment
  • Politics
  • Sports
  • Tech
  • Security

© 2019 Nigerian's news | Designed by Afeeshost

Posting....