Burundi: AfDB agrees grant for Jiji and Mulembwe
Issue 280
- 01 Jul 2014
| 1 minute read
Following the European Investment Bank’s announcement that it was considering a €70m ($95m) loan for the 31.5MW Jiji and 16.5MW Mulembwe hydropower plants in Burundi, the African Development Bank (AfDB) has announced a grant worth $22m for the projects from its Fragile States Facility. The project is also being funded by a $100m grant from the World Bank Group’s International Development Association, and funding is expected from the European Union. It represents the largest investment in Burundi in the post-war period, according to the AfDB, which has already approved a $678,000 grant to help the government develop an electricity master plan.
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