Source: African Development Bank Group (AfDB) |

COP26 Roundtable: ‘2021 will be critical in the fight against COVID-19 and climate change’ – UN Secretary-General António Guterres

COP26 President Sharma said the global transition to clean power must move at least four times the current pace to achieve targets set out in Paris Agreement on climate change

African Development Bank (www.AfDB.org) President Akinwumi Adesina on Monday joined world leaders to discuss the global transition to clean power as part of a green recovery and identify actions that can be taken to support this. The virtual COP26 Roundtable on Clean Power Transition, under the theme “Achieving a rapid shift…

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

African Development Bank President Adesina named a champion of Africa’s Great Green Wall climate-adaptation initiative

In the role of champion, Adesina will lead the mobilisation of political and economic support for the initiative

African Development Bank (www.AfDB.org) President Akinwumi A. Adesina has been announced as a champion of Africa’s Great Green Wall (GGW) initiative. The appointment was made at a forum held in the margins of the One Planet Summit 20201 to mobilise support for the ambitious project to plant an 8,000 km…

Source: African Development Bank Group (AfDB) |

Sahel region: the African Development Bank pledges to mobilise $6.5 Billion in support of the Great Green Wall Initiative

The Great Green Wall’s plan is to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel

The Sahel region's Great Green Wall Initiative received a major boost from the African Development Bank (www.AfDB.org) on Monday. During a forum hosted by French President Emmanuel Macron and His Royal Highness the Prince of Wales, the Bank pledged to assist in mobilising up to $6.5 billion over five years,…

Source: African Development Bank Group (AfDB) |

Speech by Dr. Akinwumi Adesina, President of the African Development Bank Group at the One Planet Summit, Great Green Wall Investment Summit, January 11, 2021

The Great Green Wall is part of Africa’s environmental defense system — a shield against the onslaughts of desertification and degradation

By Dr. Akinwumi Adesina, President of the African Development Bank Group (www.AfDB.org) Your Excellency, President Emmanuel Macron, His Royal Highness Prince Charles, the Prince of Wales, Your Excellency President Ghazouani of Mauritania, Excellencies, distinguished ladies and gentlemen. I wish to thank President Macron for inviting me to this One Planet Summit’s Great Green…

Source: African Development Bank Group (AfDB) |

Africa must risk capital for its youth, Adesina urges

Adesina engaged in discussion which covered three areas: the current state of affairs with respect to COVID-19 and climate change, stimulus policies and recovery, and the role of the private sector in terms of recovery

Africa must leverage investment to unleash the potential and ingenuity of its youth, its most important asset, African development Bank (www.AfDB.org) President Akinwumi Adesina said at a Conference of Montreal fireside chat event. The three-day virtual event was organized by the international economic forum of the Americas, under the theme, a…

Source: African Development Bank Group (AfDB) |

Financial modelling in the extractive sector: Harness Africa’s natural resources for sustainable development - African Development Bank

Natural resources play a critical role in economies, as they contribute to the well-being of the people, as a source of livelihood and contribute to GDP

Africa should harness its natural resources to accelerate sustainable development, the African Development Bank’s (www.AfDB.org) Chief Economist and Vice President for Economic Governance and Knowledge Management has said. Rabah Arezki was speaking to policymakers and stakeholders during a two-day inception workshop which began Monday on the Bank’s Financial Modelling for…

Source: African Development Bank Group (AfDB) |

African Development Bank launches a Training of Trainers Program for Developing Project Proposals to access Green Climate Fund

Bank builds a pool of 80 climate change experts

The African Development Bank (https://www.AfDB.org/) has designated representatives from 80 government institutions, civil society organizations and universities for training as experts in developing climate financing proposals. The trainees will pass on their knowledge to potential beneficiaries of the Green Climate Fund, a $10 billion endowment set up in 2010 to…

Source: African Development Bank Group (AfDB) |

A Ghanaian maize farmer thrives on the ashes of destroyed forest

Hundreds of farmers are benefitting from a project that repurposes degraded forest land

For years, Christiana Akwabea admired the vast fields she visited in neighboring districts to buy maize for reselling and dreamed of one day owning a plot of land where she could grow the staple crop. But there wasn’t much land for commercial farming in Seikwa in Ghana’s Bono Region, and…

Source: African Development Bank Group (AfDB) |

Mauritania: African Development Bank extends $2.1 million for rollout of Disaster Risk Financing

The Bank is extending the funding under its Africa Disaster Risk Financing (ADRIFI) program to enable the country to take out a drought risk index-based insurance policy

The African Development Bank’s (www.AfDB.org) Board on Wednesday approved a grant of $2.1 million to boost the country’s resilience against climate related shocks and food insecurity. The funds, sourced from the African Development Fund, will go to provide technical and institutional support to strengthen Mauritania’s capacity to assess climate-related risk.…

Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank approves emergency relief to boost clean-up of marine oil spill

Funding, to be sourced from the Special Relief Fund, will complement ongoing activities by the government of Mauritius, development partners, and other actors

The Board of Directors of the African Development Bank (www.AfDB.org) on Wednesday approved a $500,000 emergency assistance grant to support international recovery efforts after a significant oil spill earlier this year off the coast of Mauritius. The funding, to be sourced from the Special Relief Fund, will complement ongoing activities…