The African Development Bank demonstrates a new technique that could expand its firepower and the European Commission, as a condition of its guarantee, has asked the AfDB to reinvest this in renewable energy.
As part of its External Investment Plan, the EU gave its green light to a package of financial
guarantee programmes worth around €800 million on 10 July. This will help to leverage an
estimated €8-9 billion in public and private investment in Africa and the Neighbourhood.