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African Development Bank Group (AfDB)

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    • 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
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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)

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    • (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
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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)

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    • 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
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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…

African Development Bank Group (AfDB)

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    • Participants of the Just Transition Planning Masterclass, Nairobi, 18 September 2024 (1)
    • Participants of the Just Transition Planning Masterclass, Nairobi, 18 September 2024 (2)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Climate Investment Funds Deliver Just Transition Planning Masterclass for African Decision-Makers

The initiative brought together 25 policymakers, civil society organizations, and technical experts from pilot countries to collaborate on practical solutions for inclusive climate action

As Africa transitions toward a climate-resilient, low-carbon economy, the African Development Bank (www.AfDB.org), with support from the Climate Investment Funds (CIF) (http://apo-opa.co/3NaTp3W), is reinforcing its commitment to a just transition across the continent. In line with this commitment, key decision-makers from Ghana, Kenya, Uganda, and Namibia recently gathered in Nairobi…

African Development Bank Group (AfDB)

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    • From left, Prof. Anthony Nyong, Director of Climate Change and Green Growth, Edith Ofwona Adera, Regional Principal Officer and AAAP Coordinator, and Olufunso Somorin, Regional Climate Change Officer, all of the African Development Bank, accepted the NDC Investment Award on September 24 in New York
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Source: African Development Bank Group (AfDB) |

United Nations General Assembly (UNGA 79): Africa Adaptation Acceleration Program Receives Nationally Determined Contributions (NDC) Investment Award

Recognized at the 35th Ordinary Session of the African Union for its achievements, the Africa Adaptation Acceleration Program (AAAP) is setting the standard for climate adaptation in Africa and beyond

The Africa Adaptation Acceleration Program (AAAP) (http://apo-opa.co/3ZHg6nA) has been honored as the “Best Investable NDC Adaptation Investment Initiative of the Year” at the 2024 African NDC Investment Awards. The award, presented during the African NDC Institutional Investment Summit in New York, held on the margins of the United Nations General…

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

African Leaders Meet to Combat Land Degradation and Desertification at African Ministerial Conference on the Environment (AMCEN) Special Session

Over 65 percent of the continent's land is affected by degradation, impacting 400 million people

The African Development Bank (www.AfDB.org), the African Union Commission, the United Nations Environment Programme (UNEP), and the United Nations Convention to Combat Desertification (UNCCD) brought together African ministers of environment in Abidjan to adopt the Abidjan Declaration (https://apo-opa.co/3BnJ6GN), a commitment to jointly tackle land degradation, desertification, and drought across Africa. The 10th…

African Development Bank Group (AfDB)

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    • African Development Bank provides US$ 102.79 million to support farmers through climate resilient Special Agro-Industrial Processing Zones infrastructure in Guinea, Senegal, and Togo
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Source: African Development Bank Group (AfDB) |

African Development Bank provides US$ 102.79 million to support farmers through climate resilient Special Agro-Industrial Processing Zones infrastructure in Guinea, Senegal, and Togo

Globally, the program is expected to directly benefit 1,104,728 farmers and indirectly 5,612,415, at least 50% of the beneficiaries will be women

The Board of Directors of the African Development Bank Group (“ADB”) (www.AfDB.org) approved $102.79 million for the Multinational (Guinea, Senegal and Togo) Promotion of Sustainable Agricultural Value Chains in Special Agro-Industrial Processing Zones Program which fosters sustainable agricultural value chains around agro-industrial processing zones (SAVC-SAPZ).   This project expands the integration of…

African Development Bank Group (AfDB)

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    • AfDB Director Anthony Nyong with other speakers at the opening of CCDA 12 in Abidjan
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Source: African Development Bank Group (AfDB) |

African Institutions Converge in Abidjan to Shape Climate Agenda for COP29

The Twelfth Conference on Climate Change and Development in Africa is expected to build consensus around African countries’ position on climate action

The African Development Bank (www.AfDB.org), the African Union Commission (AUC), the United Nations Economic Commission for Africa (ECA), and the Pan African Climate Justice Alliance (PACJA), brought together key stakeholders in Abidjan to align Africa’s climate action priorities ahead of the COP29 conference. The meeting, the Twelfth Conference on Climate…