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Cameroon: African Development Bank grants a loan of EUR 74 million for electricity sector reforms to facilitate universal access to power

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LIBREVILLE, December 15 (Infosplusgabon) - The Board of Directors of the African Development Bank Group approved a loan of EUR 74.25 million to Cameroon in Abidjan on 14 December 2023 to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries, particularly Chad.

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Israel-Hamas War : ICRC President arrives in Israel

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LIBREVILLE, December 18 (Infosplusgabon) - Mirjana Spoljaric, the President of the International Committee of the Red Cross (ICRC), arrived in Israel on TDecember 14  to discuss humanitarian needs and access to people affected by the ongoing conflict, in particular those held hostage.

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South Africa: African Development Bank approves $1 billion guarantee from the United Kingdom to support SA’s Just Energy Transition

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LIBREVILLE, December 12 (Infosplusgabon) - The Board of Directors of the African Development Bank Group has approved a $1 billion guarantee program in collaboration with the UK Foreign Commonwealth and Development Office (FCDO), which will allow the Bank to increase its lending capacity in support of South Africa’s Just Energy Transition (JET).

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United Arab Emirates : Conference of the Parties (COP28)/ African Development Bank President invites business leaders to invest in Africa to accelerate decarbonization

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LIBREVILLE, December 7 (Infosplusgabon) - The President of the African Development Bank, Akinwumi Adesina, called on African business leaders to take advantage of investment opportunities in Africa and decarbonize their industries more quicky during the COP28 global climate conference in Dubai.

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DUBAI : Islamic Development Bank (IsDB), Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and International Renewable Energy Agency (IRENA) Pioneer a Green Horizon: Strategic Collaboration Unveils New Frontiers in Renewable En

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DUBAI-Development/Finance-IsDB-ICIEC/IRENA

LIBREVILLE, December 7 (Infosplusgabon) -  The Islamic Development Bank (IsDB), and its multilateral credit and political risk insurer “The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), signed a Collaborative Partnership Agreements with The International Renewable Energy Agency (IRENA) on December 2nd, 2023, on the sidelines of COP28’s celebrations.

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