Business & Industry Renewables

AfDB scales up investments into clean energy projects

The African Development Bank (AfDB) had become the largest financier of clean energy in Africa, acting director of the climate change department Kurt Lonsway reported on Friday.

The AfDB provided a cumulative $4.3-billion of the total $14.7-billion invested by development banks in clean energy projects in Africa since 2007, followed by the World Bank Group with $2.9-billion.

“In a few short years, the AfDB has become a major player in the global effort to develop clean energy. The need is particularly real in this region,” said Lonsway. Read on Engineering News >

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