Banque Ouest Africaine de Développement (West African Development Bank)
Date of accreditation14 Oct 2016
The Banque Ouest Africaine de Développement (West African Development Bank, BOAD), is a regional financial institution with a mandate to promote development in West Africa and foster economic integration within the subregion. The entity delivers on its mandate by contributing towards the mobilization of domestic resources in its member state countries, outsourcing foreign capital through loans as well as providing funding through equity investments, loans, guarantees, and interest rebates. The entity uses the financial resources that it mobilizes to invest in public and private sector projects and programmes aimed at building basic and modern infrastructure, improving rural livelihoods, generating energy, and climate change adaptation and mitigation.
GCF scaling-up clean energy access through solar based mini-grids in Mali
23 Apr 2019 / Mali is a landlocked country in the Sahel belt of West Africa where 80% of the population in the rural areas do not have access to electricity, while those with access are getting most of the electricity from diesel generators. The country’s primary electricity grid is dominated by hydro and thermal generation, with an increasing share of fossil fuel in the generation mix. Despite the immense potential of solar resources in the country, it represents only 3% of the country’s installed capacity.