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 >