Pim van Ballekom News

African Development Bank closes $200M for first renewable energy fund dedicated to Sub-Saharan Africa.

African Development Bank closes $200M for first renewable energy fund dedicated to Sub-Saharan Africa

The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on sub-Saharan Africa, announced during the African Development Bank’s “Energy Week” that it successfully reached its final close at its hard cap of $200 million of committed capital.

European Investment Bank headquarters, Luxembourg

European Investment Bank Plans Africa Expansion Amid Growth

The European Investment Bank plans to open offices in four more African cities as it strengthens its foothold on a continent looking for financing to build infrastructure, said a senior official with the lender.