AfDB invests $20m in private equity fund targeting renewable energy projects in sub-Saharan Africa

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period. Inspired Evolution Investment Management is…

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Côte d’Ivoire: African Development Bank Financed ‘4th Abidjan Bridge’ nears Completion

Work on the African Development Bank-financed ‘4th Abidjan bridge’ is 62% complete. This majestic structure, laid out on the right flank of the Attécoubé commune in central Abidjan, is gradually taking shape and its future users can now see it from a good distance. The “fourth bridge” of the Ivorian economic capital, currently under construction,…

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Africa Investment Forum Virtual Boardrooms Attract $32.8 billion in Investment Interest

The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects. Unveiling the results of the Forum’s virtual boardroom sessions on Thursday, African Development Bank Group President Dr. Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world who took part in them:…

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