We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The project supported by the African Development Fund through its Climate Action Window will help strengthen protection, conservation and sustainable use systems for natural capital and ecosystems in Madagascar
  • All (1)
Source: African Development Bank Group (AfDB) |

Madagascar: African Development Fund approves a grant of over $9 million to strengthen protection and sustainable use systems for natural capital and ecosystems

The project will help secure the land in the protected areas concerned and support the local economy through income-generating activities

The Board of Directors of the African Development Fund (https://apo-opa.co/4iITWIP) – the African Development Bank Group’s (www.AfDB.org) concessional financing window – approved a donation of $9.42 million to Madagascar to implement climate resilience through the Preservation of Biodiversity in National Parks Project. The grant, agreed on 18 December 2024 in…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa

This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures

The African Development Bank (www.AfDB.org) has announced a $10 million investment from its Sustainable Energy Fund for Africa (SEFA) into the Persistent Africa Climate Venture Builder Fund (ACV Fund) to propel climate technology entrepreneurship across Sub-Saharan Africa. This catalytic investment aims to unlock $70 million in funding for African climate-focused…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank to make $30 million equity investment in Africa Finance Corporation to catalyse climate action

The investment is projected to contribute to the creation of over 1,600 full-time equivalent jobs by 2031, while also fostering regional integration, and generating clean, reliable energy

The African Development Bank’s (www.AfDB.org) Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa. The innovative financial instruments are expected to unlock significant funding for high-impact projects,…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The 16th Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD COP16): Mobilizing Global Action for the African Great Green Wall Initiative
  • All (1)
Source: African Development Bank Group (AfDB) |

16th Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD COP16): Mobilizing Global Action for the African Great Green Wall Initiative

The gathering brought together Heads of State and Government, leaders from international financial institutions, technical experts, and other key stakeholders

The 16th Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD COP16) hosted a high-level event to mobilize political support and scale up investments for the African Great Green Wall (GGW) Initiative. Organized in collaboration with the African Union Commission (AUC) and the African Development Bank,…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The partial credit guarantee for the mobilization of sustainable financing for Togo will enable the government to raise financing to be allocated to projects aligned with the United Nations Sustainable Development Goals
  • All (1)
Source: African Development Bank Group (AfDB) |

Togo: African Development Fund to provide a partial credit guarantee to support the financing of green and social projects

The Togolese government will allocate the proceeds to eligible projects and initiatives in sectors aligning with the UN Sustainable Development Goals and the country’s Sustainable Financing Framework

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a EUR 200 million partial credit guarantee (PCG) to support Togo’s inaugural sustainable financing to implement green and social projects. The Partial Credit Guarantee for Mobilisation of Sustainable Financing for Togo project – supported through the African…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Dr. James Kinyangi, CAW Coordinator, AfDB (second from left); H.E. Max Andonirina Fontaine, Minister of Environment and Sustainable Development, Madagascar (third from right); Louise Walker, Head of Private Sector and Capital Markets, FCDO (second from right); and Prof. Anthony Nyong, Director of Climate Change and Green Growth, AfDB (third from left) at the CAW COP29 side event
  • All (1)
Source: African Development Bank Group (AfDB) |

African Leaders Welcome Launch of African Development Bank’s Technical Assistance Facility to Unlock Climate Finance for Vulnerable Regions

Launch of the facility will enable the African Development Bank to increase the reach of the CAW's efforts

In a major step to address Africa's climate finance gap, the African Development Bank Group (www.AfDB.org) has launched a new funding call  that will transform the development of climate projects across 37 low-income African countries. With an initial allocation of $56 million, the Climate Action Window (CAW) Technical Assistance Facility,…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • (left)Celeste Saulo, Secretary-General World Meteorological Organization Co-Chair SOFF Steering Committee and AfDB VP Kevin Kariuki SOFF and the Bank agreed to strengthen collaboration on the provision of early warning systems on the continent. Baku, November 2024
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank, Systematic Observations Financing Facility (SOFF) sign Letter of Intent to support Africa’s low-income countries to achieve effective multi-hazard early warning systems

Both organizations are committed to providing resources to support the activities outlined in the Letter of Intent

The African Development Bank Group (www.AfDB.org) and the Systematic Observations Financing Facility (SOFF), a United Nations Multi-Partner Trust Fund, today signed a letter of intent to strengthen collaboration on the provision of early warning systems in the continent’s most vulnerable countries. The agreement, signed on the margins of the 29th…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • African Development Bank President Akinwumi Adesina (far left) with UK PM Keir Starmer, CIF CEO Tariye Gbadegesin, World Bank President Ajay Banga at COP 29. Baku, November 2024
  • All (1)
Source: African Development Bank Group (AfDB) |

Climate Investment Funds Capital Markets Mechanism announces bond listing on London Stock Exchange (LSE) to boost climate finance for Africa

First time a multilateral climate fund will use the strength of its balance sheet to unlock urgently needed climate finance – Dr. A Adesina, African Development Bank President

The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme (https://apo-opa.co/3CsQ7qw) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world. The announcement was made on Tuesday 12 November, at a…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Zambia: African Development Bank’s Sustainable Energy Fund for Africa approves $8 million for development of 25 MW Solar Plant

Serengeti Energy Ltd and Western Solar Power Ltd are leading the plant development in Zambia's Sesheke District

The African Development Bank Group’s (www.AfDB.org) Board of Directors has approved an $8 million concessional loan to support the construction of a 25MW Solar Photovoltaic power plant in Zambia. The financing for the Ilute Plant will be sourced from the Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Multinational: African Development Bank Group approves $34.8 million in grants to build climate resilience in Malawi and Zimbabwe

Climate risk insurance is expected to lead to behavioural changes among beneficiaries, such as increased investment in climate-resilient livelihoods or savings for future insurance premiums

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved grants of $34,796,402.40 to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.  Under the Bank Group’s Africa Disaster Risk Financing (ADRiFi) initiative, the Mitigating Fragility through the Africa Disaster Risk…