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    • Rishabh Khanna, Chief Impact Officer, Earthbanc; Luc Gnacadja, Co-Chair of the Adaptation Benefits Mechanism Executive Committee; Camilla Nordheim-Larsen, Senior Partnerships and Resource Mobilization Coordinator, UNCCD; Gareth Philips, Climate and Environment Finance Manager at the African Development Bank; Dr. Peter Minang, Director for Africa of the International Agroforestry Center
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Source: African Development Bank Group (AfDB) |

CORRECTION: COP15: Global GDP could gain $140 trillion a year, if we achieve the objectives of the UN Convention to Combat Desertification

The Sustainable Development Goal for Life on Land is least funded, but can contribute most to resilience

The global economy could increase by more than $140 trillion a year [1], or 1.5 times the annual global GDP, if the objectives of the United Nations Convention to Combat Desertification (UNCCD) are achieved, participants heard during a side-event at the 15th summit of the UNCCD. Camilla Nordheim-Larsen, Senior Partnerships…

Source: African Development Bank Group (AfDB) |

Is Africa ready for green growth? New report assesses Gabon, Kenya, Morocco, Mozambique, Rwanda, Senegal and Tunisia

The findings are based on nine strategic and operational dimensions, including political commitment, policy and planning, and financing & budgeting

A new report co-authored by the African Development Bank (www.AfDB.org) and the Global  Green Growth Institute, has found evidence of growing political commitment to green growth in Africa. The Africa Green Growth Readiness Assessment Report was launched on Wednesday during a side-event at the 15th session of the Conference of…

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    • Participants who attended a workshop on addressing land degradation and ecosystem restoration through transformative projects and programs
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Source: African Development Bank Group (AfDB) |

West Africa gets ready for desertification COP15

The two-day sessions focused on financing opportunities that have the potential to deliver transformative projects and programs to boost the Great Green Wall initiative in West Africa

West African representatives from the ministries of planning and finance, environment, and other stakeholders gathered in Abidjan on 5-6 May 2022 for a capacity-building workshop on addressing land degradation and ecosystem restoration. The workshop was a precursor to the UN Convention to Combat Desertification conference, being held in Abidjan from…

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Source: African Development Bank Group (AfDB) |

African Development Bank Group to Launch New Trust Fund for the Circular Economy

Circular economy principles play a strategic role in advancing the African Development Bank’s High-5 development priorities

The Board of Directors of the African Development Bank (www.AfDB.org) has approved the establishment of a €4 million Africa Circular Economy Facility to drive integration of the circular economy into African efforts to achieve nationally defined contribution (NDC) targets. The Facility (https://bit.ly/3voaQVl), a multi-donor trust fund, will operate over a period…

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    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana
    • African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana (FR)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana

The physical sessions will take place at the Accra International Conference Centre

Ghana will host the African Development Bank Group’s 2022 Annual Meetings (AM.AfDB.org) from 23-27 May in its capital, Accra. This year’s meetings mark a return to in-person sessions following virtual meetings over the last two years. They will be held in a hybrid format with participants present in Accra and online.…

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    • Muluneh Bonsa, deputy manager of a solar site in rural Ethiopia, says the African Development Bank Group-funded initiative is helping rural Ethiopians gain access to clean water. Ethiopia will also benefit from the flagship Desert to Power initiative
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Source: African Development Bank Group (AfDB) |

African Development Fund approves $5.5 million grant to fund phase two of flagship Desert to Power energy project in Djibouti, Eritrea, Ethiopia and Sudan

Known as the East Africa Regional Energy Project, it will be financed through the ADF-15 Regional Public Good window of the African Development Fund

The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power (https://bit.ly/3O29ZC1) initiative in the Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan. Known as the East Africa Regional Energy Project, it…

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    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (1)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (2)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (3)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (4)
    • African Development Bank President Akinwumi A. Adesina at the SAPZ Pemba-Lichinga Exhibition in Mozambique (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank Head Celebrates Food ‘Milestone for Africa’ at the Launch of First Special Agriculture Industrial Zone in Mozambique

As war in Ukraine threatens Africa’s food supplies, African Development Bank head says agricultural zones hold the key

African Development Bank head Akinwumi A. Adesina (www.AfDB.org) joined President of the Republic of Mozambique Filipe Jacinto Nyusi, to launch the “milestone” Pemba-Lichinga Integrated Development Corridor on Saturday, in Mozambique’s northern Niassa province. The Board of Directors of the African Development Fund, the concessional window of the African Development Bank…

Source: African Development Bank Group (AfDB) |

Ghana: Report warns that climate risks could cost Ghana’s transport sector $3.9 billion, but roadmap offers hope

The potential damage of $3.9 billion is thrice the investment of $1.3 billion made in the sector in 2019, according to the study

A new report (https://bit.ly/3IGhhrt) estimates that by 2050 climate risks could cause damage worth $3.9 billion in Ghana’s transport sector. But the report also offers a roadmap that could prevent the worst from happening. It also highlights extensive efforts by the government to counter climate risks. The potential damage of…

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    • Right: H.E. Dr. Rania A. Al-Mashat, Egyptian Minister of International Cooperation; left: Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth meets with Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (1)
    • H.E. Dr. Rania A. Al-Mashat, Egyptian Minister of International Cooperation, and Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB, discuss critical issues for COP27 (1)
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth meets with Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (2)
    • H.E. Dr. Rania A. Al-Mashat, Egyptian Minister of International Cooperation (right), and Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB, discuss critical issues for COP27 (2)
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President, Power and Green Growth, meets with H.E. Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (3)
    • A delegation from the African Development Bank led by Mr. Kevin Kariuki, Vice President, Power and Green Growth, meets with H.E. Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, at the Ministry's headquarter in Cairo (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank delegation in Egypt to ensure success of COP27

COP 27 is scheduled for November 2022 in the coastal city of Sharm El Sheikh

African Development Bank (www.AfDB.org) Vice President Dr. Kevin Kariuki will lead a delegation to Egypt, the host country for this year’s United Nations Climate Change Conference 2022, for exploratory talks on how the Bank and Egypt can collaborate to make COP27 a truly breakthrough event for people and planet.  COP…

Source: African Development Bank Group (AfDB) |

AfricaGoGreen Fund receives over $30 million investments from the African Development Bank, the Sustainable Energy Fund for Africa, and the Nordic Development Fund

Launched in early 2021 with EUR 45 million in catalytic capital, the AfricaGoGreen Fund is a flagship project under the G20 Compact with Africa

The African Development Bank (www.AfDB.org)and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund (https://bit.ly/3CwrGUW), a debt fund established to promote private investments in energy-efficient technologies and business models, with the objective of decarbonising African economies and accelerating the…