Business and investment in

Africa

Africa is the 2nd continent on Earth in area with a great amount of natural resources. There are more than 50 countries with fast growing economies and 1.5 bln population here. Africa today offers big opportunities for business and investment.

Egypt to build 500 MW solar power plant

The African Development Bank Group’s Board of Directors has approved financing of up to $66 million for the first phase of the 500 MW Dandara solar project with a battery energy storage system in Egypt.

According to the Bank, the project, valued at more than $290 million, is expected to begin operating in early 2028, generate around 1,373 GWh of clean electricity annually and create about 2,500 construction jobs.

AFRICAN DEVELOPMENT BANK