Abu Dhabi Fund For Development (ADFD) completed renewable energy projects worth Dh117.3 million ($31.9m) in 2020.
The projects were carried out in Cuba, Somaliland, the Bahamas, Barbados and Saint Vincent and the Grenadines in 2020 despite the coronavirus pandemic, the fund said in a statement on Thursday.
“We doubled our effort to ensure that we delivered the projects to our partner countries, especially during such a time of crisis,” Mohammed Saif Al Suwaidi, director general of ADFD, said.
“The aim was to help them maintain their economic and social development trajectories by enabling them to meet developmental challenges during the pandemic.”
ADFD is an autonomous national entity affiliated with the emirate’s government that finances projects across developing countries.
The fund allocated Dh622m to finance various projects across the world last year including loan agreements worth Dh121m ($33m) with the West African nations of Togo, Niger and Liberia. The deals include a $10m solar project in Niger, an $8m mini hydro project in Liberia and a $15m project in Togo.
ADFD also announced an allocation of Dh384m to execute eight renewable energy initiatives under the seventh cycle of its partnership with the International Renewable Energy Agency.
Under the facility, eight projects will be funded in Antigua and Barbuda, Burkina Faso, Chad, Cuba, the Maldives, Nepal, Saint Lucia and Saint Vincent and the Grenadines, according to ADFD. In July, it financed a waste-to-energy project in the Maldives.
“Renewable projects remain high on our agenda as their impact is felt on multiple levels, from commerce to the environment,” Mr Al Suwaidi, said.
The fund is also financing projects in 16 Caribbean countries through its $50m UAE-Caribbean Renewable Energy Fund. Launched in 2017, the UAE-CREF is the largest renewable energy initiative of its kind in the Caribbean region.
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Premier League results
Saturday
Tottenham Hotspur 1 Arsenal 1
Bournemouth 0 Manchester City 1
Brighton & Hove Albion 1 Huddersfield Town 0
Burnley 1 Crystal Palace 3
Manchester United 3 Southampton 2
Wolverhampton Wanderers 2 Cardiff City 0
West Ham United 2 Newcastle United 0
Sunday
Watford 2 Leicester City 1
Fulham 1 Chelsea 2
Everton 0 Liverpool 0
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
RESULTS
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