By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: ADFD funds projects worth Dh35.3 billion in 42 African countries
Share
Notification Show More
Latest News
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > ADFD funds projects worth Dh35.3 billion in 42 African countries
Business

ADFD funds projects worth Dh35.3 billion in 42 African countries

News Room
Last updated: 2024/05/29 at 5:05 PM
News Room
Share
2 Min Read
SHARE

The Abu Dhabi Fund for Development (ADFD) has been a key player in supporting sustainable development projects across 42 African countries, investing a total of Dh35.3 billion over the past four decades. In 2023, ADFD participated in a UAE-led initiative, worth Dh16.5 billion, aimed at enhancing Africa’s clean energy infrastructure. This initiative, in collaboration with the Africa50 fund, aims to bridge Africa’s infrastructure funding gap by mobilizing public and private sector finance for key projects on the continent.

Mohammed Saif Al Suwaidi, ADFD Director-General, highlighted the UAE’s commitment to aiding African nations in their economic and social progress. ADFD has significantly contributed to infrastructure development, economic diversification, and unlocking the full potential of African economies over the last decade. Projects funded by ADFD, such as the Mohamed bin Zayed Solar PV Complex in Togo and a solar power plant in Sierra Leone, have provided sustainable electricity to thousands of households and improved energy stability in these regions.

In Kenya, ADFD financed the Nuno-Modogashe Road project to enhance transportation in northeastern Kenya, benefiting the livestock industry and connecting key routes in the country. Additionally, investments in the Senegal River region and Seychelles for hydroelectric, irrigation, and renewable energy projects have further contributed to sustainable development in these areas. ADFD’s funding for projects like the Butha-Buthe water network in Lesotho and the Gudule General Hospital in South Sudan have also played a crucial role in improving access to essential services such as clean water and healthcare in these countries.

The strategic partnerships and investments made by ADFD underscore the UAE’s commitment to supporting Africa’s development and promoting sustainable initiatives across the continent. By collaborating with local governments and organizations, ADFD aims to create long-lasting impacts that benefit communities and contribute to the overall growth and prosperity of African nations. Through its continued efforts, ADFD remains a key player in driving sustainable development projects and supporting economic growth in Africa.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room May 29, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article UAE leaders grieve the loss of Emirati trailblazer who collaborated with Sheikh Zayed
Next Article Goffin criticizes biased French Open crowd, calls for action – News
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World June 28, 2025

You Might also Like

Tech

Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World

July 1, 2025
Crypto

Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

May 22, 2025
BusinessCrypto

Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025

May 20, 2025
BusinessGulfUAE

Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World

May 10, 2025
BusinessCrypto

RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain

April 14, 2025
Business

NTT DATA Business Solutions Expands Presence in UAE with Stronger Regional Leadership

March 28, 2025

Sustainable Moving Services: How Dubai’s Moving Companies Are Going Green

February 20, 2025
Tech

CNTXT and Oracle Strengthen AI Collaboration to Drive Innovation

February 14, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?