Wale Shonibare

The African Development Bank (AfDB) has a core role to play in supporting power developments in Africa.

AfDB plays a similar role to the World Bank – but with a focus just on Africa. The institution has 41 offices around the continent.

Wale Shonibare, the inaugural director of energy financial solutions, policy and regulation at AfDB, said: “AfDB acts as a catalyst. We are not here to replace commercial banks but to complement them. It is often the case that power projects are big, need a lot of investment, and will involve amortising debt over a long time. Commercial banks are unable…

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