African Development Bank (AfDB) reports a $12 billion investment into Africa's Energy sector, to address access to power and boost economic growth. This will clearly signal increasing work for Law Firms engaged in this sector.
In 2015, AfDB provided $200million to address the challenges of the Nigeria power sector by supporting Nigeria's Bulk Electricity Trader to float bonds. AfDB also supported the construction of the largest global concentrated solar power project- Morocco's Noor Ouarzazate and the widely acclaimed Lake Turkana Wind Power project in Kenya.
Just recently, AfDB authorized a $6 billion energy financing facility granted by Japan to boost financial intermediation for the power systems transition and clean coal technology required for energy efficiency in Africa.

August 2017

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