Business
African Development Bank pledges $32.5 million in energy projects across Africa
The Board of Directors of the African Development Bank (AfDB) has approved $32.5 million for equity investment in Climate Investor One’s Construction Equity Fund (CEF).
The CEF “is a platform that uses a unique blended finance approach, and targets the entire asset life cycle to deliver viable renewable energy projects to the market.”
The fund will provide capital, technical assistance for viable energy projects in Africa and help them go to market .
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