17/12/2025
African Development Bank (AfDB) and ACWA Power have signed a Cooperation Framework during the Africa Investment Forum held in Rabat, Morocco, to significantly strengthen collaboration in the development, investment and financing of power generation and water desalination projects across the African continent.
The Framework provides a structured basis for collaboration in identifying, developing, and financing energy and water initiatives, with both parties committed to fast-tracking up to USD 5 billion in sustainable energy and water projects across Africa between 2025 and 2030.
Hashim Ghabashi, President Africa Region, ACWA Power said. “This Cooperation Framework with the African Development Bank is a testament to our unwavering commitment to Africa. The Continent represents a vital market for ACWA Power, and this partnership will significantly accelerate our ability to deliver transformative power and water projects. Ex*****on of this Framework with AfDB is a crucial step toward achieving energy and water security for millions.”
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