Energy, Oil & Gas

AfDB urges Congo to channel oil windfalls into debt reduction

The African Development Bank (AfDB) has recommended Congo to introduce an automatic mechanism to capture additional oil revenues when crude prices exceed budget assumptions, as the country seeks to strengthen fiscal stability, reduce debt and attract investment into its energy sector....

Energy, Oil & Gas

African Development Bank urges clean cooking to become priority in Africa’s energy transition

The African Development Bank Group has called for clean cooking to be treated as a development priority and placed at the centre of Africa’s energy transition, as nearly one billion people across the continent continue to lack access to clean cooking solutions....

Energy, Oil & Gas

Acwa Power in deal to boost $5bn sustainable utility projects across Africa

Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa. ...