The Abu Dhabi Fund for Development (ADFD) has in the last 4 years financed AED 35.3 billion ($9.5 billion) to sustainable projects in 42 different African nations. ADFD is a major contributor to Africa’s clean energy and aims to improve its partnership with the continent’s young and innovative entrepreneurs.
For instance, the funding aid group in 2023 provided $4.5 billion to Africa’s clean energy efforts. This was in partnership with Africa50 fund, and the Pan-African investment platform.
Countries benefiting from the investments include the following:
- Sierra Leone: ADFD funded a 6 MW solar power plant in Freetown. The project improved the national electricity grid and acted as a sufficient energy source for rural regions.
- Togo: The group financed AED55 million for the Mohamed bin Zayed Solar PV Complex in Blitta province. The project has 50 megawatts (MW) capcity, and powers over 158,000 households and SMEs. It further reduces reliance on coal and fossil fuels.
- Kenya: Southern Kenyan road project, Nuno-Mogodashe, is under the Abu Dhabi group (AED 37 million)
- Senegal: AED 99 million was invested on projects along Senegal river, helping boost hydroelectric and irrigation projects.
- Seychelles: The funding of two renewable energy projects on Romainville and Mahé islands, valued at AED 64.2 million to help grow the nation’s renewable energy production.
- Lesotho: Financing of the Butha-Buthe water network project with AED 73 million, providing. It offers 9,000m³ of clean water helping reduce water borne diseases.
Some of the projects including the construction of Nuno-Mogodashe road are still in progress. Through ADFD Director-General, Mohammed Saif Al Suwaidi, the group is committed to support African sustainable economic growth, and social progress.
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