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African Development Bank Group (AfDB)

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    • The African Development Bank had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York
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Source: African Development Bank Group (AfDB) |

77th United Nations General Assembly meetings stress key African Development Bank priorities: climate finance, job creation, and food insecurity

African Development Bank Group President Dr Akinwumi Adesina led the bank’s delegation to the meetings

The African Development Bank (www.AfDB.org) had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York. Meeting highlights included an urgent call for increased financing to mitigate the effects of climate change and food insecurity. African Development Bank Group…

African Development Bank Group (AfDB)

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    • AfDB President's Visit to New York: Partnering for Action - Implementation of the Global Accelerator on Jobs and Social Protection for Just Transitions in the Complex Setting of Overlapping Crises
    • Create quality jobs and provide social protection, urges United Nations Secretary-General (1)
    • Create quality jobs and provide social protection, urges United Nations Secretary-General (2)
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Source: African Development Bank Group (AfDB) |

Create quality jobs and provide social protection, urges United Nations Secretary-General

“At the African Development Bank, we have taken a proactive job, jobs, jobs approach”—Dr. Adesina

UN Secretary-General António Guterres has urged governments across the world to quickly invest in quality job creation the and the provision of social protection for those without coverage. Guterres was speaking at a high-level session to discuss the Global Accelerator on Jobs and Social Protection for Just Transitions (https://bit.ly/3rfWGUk) initiative…

African Development Bank Group (AfDB)

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    • The African Development Bank's Covid-19 Off-Grid Recovery Platform has received $20 million in concessional investment to support rollout of its second phase
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Source: African Development Bank Group (AfDB) |

Global Environment Facility, African Development Bank’s Sustainable Energy Fund for Africa (SEFA) provide $20 million to expand Covid-19 Off-Grid Recovery Platform

The Covid-19 Off-Grid Recovery Platform is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts of the pandemic

The Board of Directors of the African Development Bank Group  (https://www.AfDB.org) has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP) (https://bit.ly/3qXLziV). The CRP is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts…

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

No Time to Waste. Ministerial Meeting Calls for Urgent Financing for Countries Most Vulnerable to Climate Change

The top-level meeting wants climate and nature objectives mainstreamed across financial and economic policy as well as a significant action point to be presented at COP27 in November

With barely two months to go before the UN Climate Change Conference (COP27) in Egypt, Africa and other developing parts of the world that bear the severest brunt of climate change are warning against turning it into a mere talking shop of promises. African Development Bank Group President Dr. Akinwumi…

African Development Bank Group (AfDB)

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    • Participants of the Africa Climate Week side event "Limiting loss and damage through enhanced adaptation action in Africa"
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Source: African Development Bank Group (AfDB) |

Can today’s Adaptation Action minimize future losses and damages in Africa?

Africa is acknowledged to be the continent most vulnerable to climate change

On the sidelines of the 2022 edition of Africa Climate Week (https://bit.ly/3UEJZAj), a session titled Limiting Loss and Damage through Enhanced Adaptation Action in Africa featured vibrant and timely discussion of an aspect of climate change that typically receives little attention: capturing and assessing the costs and damages associated with climate…

African Development Bank Group (AfDB)

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    • African Youth Adaptation competition launches call for applications (1)
    • African Youth Adaptation competition launches call for applications (2) (FR)
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Source: African Development Bank Group (AfDB) |

African Youth Adaptation competition launches call for applications

Twenty winners will each be awarded $100,000 and will receive capacity-building training, mentorship and coaching

Young entrepreneurs between the ages of 18 and 35 are invited to submit their business plans through the official submission portal. Twenty winners will each be awarded $100,000 and will receive capacity-building training, mentorship and coaching. The Global Center on Adaptation, African Development Bank and Climate Investment Funds have launched…

African Development Bank Group (AfDB)

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    • African Development Bank Vice President Kevin Kariuki (3rd from left) and US special presidential envoy for climate John Kerry (right) at the AMCEN event on methane abatement
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Source: African Development Bank Group (AfDB) |

US government announces $5 million grant to support African Development Bank in tackling methane emissions

The grant, subject to the completion of US domestic procedures and approvals, will go to the multi-donor Africa Climate Change Fund, which is managed by the African Development Bank

Climate envoy Kerry announces funding at Dakar meeting of African ministers; Financing will drive fulfilment of Global Methane Pledge targets The United States government has announced it will provide a $5 million grant to the African Development Bank to support efforts to abate methane gas emission, across Africa. Methane accounts…

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    • Pr.Kevin Chika Urama, African Development Bank's Acting Chief Economist and Vice President for the Economic Governance and Knowledge Management speaking at the panel "African countries ownership in determining climate agenda" on the sidelines of Egypt International Cooperation Forum (Egypt-ICF 2022)
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Source: African Development Bank Group (AfDB) |

Africa loses up to 15% of its Gross Domestic Product (GDP) per capita annually because of climate change –African Development Bank Acting Chief Economist Kevin Urama

Urama highlighted that since the 1850s, countries have managed to transition away from coal, and used gas as a transition to cleaner energy

Africa has been losing from 5 to 15% of its GDP per capita growth because of climate change and its related impacts, but needs about $1.6 trillion between 2022 and 2030 to meet its nationally determination contributions [1], says African Development Bank Group (www.AfDB.org) Acting Chief Economist and Vice President…

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    • Participants of the launch event for the Aligning NDCs, LTS And SDGs Implementation for Green Growth and Climate Action in Africa report
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Source: African Development Bank Group (AfDB) |

A new report signals progress on African countries’ efforts toward readiness for green growth

Kenya, Morocco and Tunisia have incorporated into their constitutions rights to a clean and safe environment

The African Development Bank (www.AfDB.org) and the Global Green Growth Institute (GGGI) have launched a report analysing  the readiness of seven countries - Morocco, Tunisia, Kenya, Rwanda, Senegal, Gabon and Mozambique - to drive green growth. The joint report was launched on the sidelines of Africa Climate Week, in Libreville, Gabon.…

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    • African and other global leaders gather in Rotterdam for GCA summit ( September 5, 2022)
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Source: African Development Bank Group (AfDB) |

“Africa has a Fever” – Former United Nations (UN) Secretary General Ban Ki-moon

African and other global leaders meeting in Rotterdam say the continent is at a tipping point for climate adaptation action

Two months to the 27th global climate summit (COP27) in Sharm El-Sheik, Egypt, African and other global leaders have rallied in Rotterdam, to highlight the urgency of climate adaptation funding for the continent. The meetings—co-convened by the President of the African Development Bank Group Dr Akinwumi Adesina, CEO of the…