AfDB, Denmark Kick-start Sustainable Energy MDTF

The African Development Bank and Denmark have agreed to establish a fund that aims to help build technical capacity and promote investment in sustainable energy in Africa over a period of five years.

The Sustainable Energy Fund for Africa will have a budget of 300 million Danish kroner ($57 million). It is intended to become a multidonor fund.

Aid from SEFA is completely untied, according to an AfDB press release.

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About the author

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    Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.