Former Portuguese colonies to get $490 million for economic stimulus
Portuguese-speaking African countries will receive $490.2 million for the Lusophone Compact Guarantee Programme (LCGP or the Compact) to boost business development initiatives in African Development Bank’s non-sovereign portfolio. The programme, which consists of former Portuguese colonies in Africa is designed for new non-sovereign operations (NSOs) in Lusophone countries of Africa....
African bank approves $7m for mini-grid investment
The African Development Bank has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA) for countries to set up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Acceleration Programme (AMAP), which aims to boost energy...
