AfDB sustainable energy fund secures $90m in new funding

The Sustainable Energy Fund for Africa (Sefa), managed by development finance institution the African Development Bank (AfDB), approved seven high-impact projects worth $54-million in 2020, the fund’s 2020 Annual Report shows. The fund also attracted increased donor funding and secured commitments worth $90-million from existing and new donors in the year, including from the German Ministry for Development Cooperation and the Nordic Development Fund, both of which joined Sefa in 2020.