AfDB and EBRD partner to unlock sustainable investment opportunities in Africa

May 19, 2021
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The African Development Bank Group (AfDB) and the European Bank for Reconstruction and Development (EBRD) signed a memorandum of understanding (MoU) on 17 May to promote sustainable private-sector development in Africa.

Under this partnership, the AfDB and the EBRD will capitalise on their respective expertise and experience, with a particular focus on climate change, green and resilient infrastructure and the development of capital markets. They will also work to improve business environments, bolster the real economy and mobilise private-sector investment.

The AfDB and EBRD have a long history of cooperation. Last month, the two institutions signed a US$ 114 million financing package for the construction of the largest private solar plant in Egypt.


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Press Release

European Bank for Reconstruction and Development (EBRD)

Countries covered:

  • Algeria
  • Egypt
  • Libya
  • Morocco
  • Tunisia