Isaac Twumasi Quantus's Blog – November 2011 Archive (6)

AfDB-Togo: signing of two financing agreements for CFA 81 billion

Donald Kaberuka, President of the African Development Bank The African Development Bank (ADB) and the Republic of Togo have signed this Tuesday, November 29, 2011, two memoranda of agreement for a total of more than 81 billion CFA francs. Vice President of the ADB in charge of sector operations, Kamal El Kheshen, and the Togolese Minister of Economy and Finance, Adji Otèth Ayassor, signed the agreements respectively to the ADB and Togo.

The first agreement concerns a grant of nearly…


Added by Isaac Twumasi Quantus on November 30, 2011 at 10:47am — No Comments

AfDB, Côte d’Ivoire sign revised AfDB headquarters agreement

(AfDB), concluded an official two-day visit to Côte d’Ivoire today. The AfDB chief executive and Daniel Kablan Duncan, Minister of State and Minister of Foreign Affairs of Côte d’Ivoire, signed a revised Headquarters Agreement of the AfDB in Abidjan.

The revised Headquarters Agreement confirms the AfDB’s full ownership of the land on which its current Abidjan headquarters building sits, as well as an adjoining piece of land, both of which the Government of Côte d’Ivoire recently…


Added by Isaac Twumasi Quantus on November 30, 2011 at 10:43am — No Comments

Switzerland commits USD20 million to AfDB for increased access to water and sanitation in rural Africa

The Rural Water Supply and Sanitation Trust Fund, a fund managed by the African Development Bank (AfDB), will receive a 20 million US dollar contribution from the Swiss Agency for Development and Cooperation. The funds are to help accelerate access to water supply and sanitation in rural Africa. This is the Swiss agency’s second contribution to the Rural Water Supply and Sanitation Initiative Trust Fund. It is close to six times the amount of its first contribution.

The funds will…


Added by Isaac Twumasi Quantus on November 30, 2011 at 10:40am — No Comments

Botswana eyes more electricity generation

Botswana plans to add 1,200 megawatts (MW) of electricity to its national grid in the next six years as the diamond rich country battles to address power supply shortages, a senior government official said on Tuesday.

Boikobo Paya, Permanent Secretary in the Energy Ministry, said that in addition to the 600 MW power station to be commissioned in 2012, two other 300 MW power stations to be built by Independent Power Producers (IPP) should kick into the national grid by…


Added by Isaac Twumasi Quantus on November 30, 2011 at 8:53am — No Comments

UK £1 billion to help Africa fight climate change

The Telegraph reports that, in a move that is expected to attract intense criticism at a time when the UK economy is struggling to recover from recession, Chris Huhne, UK Energy and Climate Change secretary, will announce details of a foreign aid package ahead of the 17th Conference of the Parties of the UN Framework Convention on Climate Change (COP17) in Durban.

Included in the package are schemes helping African farmers to insure their crops against flooding and drought, the…


Added by Isaac Twumasi Quantus on November 29, 2011 at 3:00pm — No Comments

Tapping Carbon Market Opportunities in Africa

Denis Slieker, Managing Director of Face the Future, is in the business of creating projects which earn carbon credits and he believes that Africa is the perfect place to do business. “Everybody speaks about the carbon market but basically there are two carbon markets,” Slieker explains.  “First there is the compliance market which is set by the UN.  In this market, companies and countries have an obligation to reduce their carbon…


Added by Isaac Twumasi Quantus on November 10, 2011 at 8:24am — No Comments

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