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African Development Bank Group (AfDB)

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    • Tunisia: African Development Bank (AfDB), AMEA Power, International Finance Corporation (IFC) and Sustainable Energy Fund for Africa (SEFA) launch first large-scale privately-financed solar project (1)
    • Tunisia: African Development Bank (AfDB), AMEA Power, International Finance Corporation (IFC) and Sustainable Energy Fund for Africa (SEFA) launch first large-scale privately-financed solar project (2)
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Source: African Development Bank Group (AfDB) |

Tunisia: African Development Bank (AfDB), AMEA Power, International Finance Corporation (IFC) and Sustainable Energy Fund for Africa (SEFA) launch first large-scale privately-financed solar project

This initiative stands as one of Tunisia's most impactful infrastructure projects in over a decade

The African Development Bank (www.AfDB.org) and the Sustainable Energy Fund for Africa (SEFA), in partnership with the International Finance Corporation and UAE's AMEA Power, today herald Tunisia's first privately-financed solar project. This initiative is set to revolutionise the nation's energy scene by cutting power generation costs, significantly trimming greenhouse gas…

African Development Bank Group (AfDB)

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    • African Development Bank chief pledges full support to the United Nations Secretary General (UNSG’s) agenda to deliver climate adaptation and early warning systems for all
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Source: African Development Bank Group (AfDB) |

African Development Bank chief pledges full support to the United Nations Secretary General (UNSG’s) agenda to deliver climate adaptation and early warning systems for all

The Bank has launched a $1-billion Africa Climate Insurance Facility for Adaptation to help insure African countries against extreme weather patterns and catastrophic climate shocks

The African Development Bank President (www.AfDB.org), Dr Akinwumi Adesina, has pledged his institution’s full support to the United Nations Secretary General’s Early Warning for All initiative and the Systematic Observations’ Financing Facility. The Bank is the implementing entity for the Facility in Africa. Speaking yesterday at the United Nation’s Climate…

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

African Development Bank and Korea Environmental Industry and Technology Institute (KEITI) sign agreement to deploy environmental and climate-resilient technologies in Africa

Through this partnership, Korea will share technology, experience, and knowledge with the bank’s African member countries

The African Development Bank (www.AfDB.org) and the Korea Environmental Industry and Technology Institute (KEITTI) (https://apo-opa.info/3Pshxj7) have signed a joint technical assistance agreement to enable the scale up of investment in low-carbon and climate-resilient technologies. This will ultimately support climate change mitigation and adaptation efforts in many African countries. The two…

African Development Bank Group (AfDB)

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    • Mozambique: African Development Fund approves $20 million to improve business environment and drive investments to climate-smart agriculture
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Source: African Development Bank Group (AfDB) |

Mozambique: African Development Fund approves $20 million to improve business environment and drive investments to climate-smart agriculture

This funding is the first of two successive geberal budget support operations for fiscal years 2023 and 2024, each worth about $20 million

The Board of Directors of the African Development Fund (https://apo-opa.info/42vfbFI), the African Development Bank Group’s (www.AfDB.org) concessional lending window, has approved a grant of $19.98 million to finance the implementation of Mozambique’s Economic Acceleration and Governance Support Programme. This funding is the first of two successive geberal budget support operations…

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

African Development Bank's Sustainable Energy Fund for Africa welcomes $50 million in new commitments from Germany and United States of America at Africa Climate Summit

The contributions will serve to boost its position as one of the continent’s leading climate finance facilities

The African Development Bank's (www.AfDB.org) Sustainable Energy Fund for Africa (SEFA) (https://apo-opa.info/3EfNjLE) welcomes approximately $50 million in new funding contributions from Germany and the United States. The contributions will serve to boost its position as one of the continent’s leading climate finance facilities. The funding was announced on Tuesday 5 September at…

African Development Bank Group (AfDB)

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    • (L-R) Dr. Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt shakes hands with AfDB Vice President Kariuki, cementing a new partnership between the Glasgow Financial Alliance for Net Zero (GFANZ) and the African Development Bank. Centre - AfDB Vice President Solomon Quaynor looks on.
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Source: African Development Bank Group (AfDB) |

Glasgow Financial Alliance for Net Zero (GFANZ) Africa Network, African Development Bank Announce Climate Action Partnership

GFANZ and the African Development Bank will collaborate through the GFANZ Africa Network and the African Financial Alliance on Climate Change (AFAC), to support the African financial sector to accelerate climate finance for low carbon investments in the region

New partnership seeks to engage African financial institutions on climate transition planning and finance; Dr. Timothy Afful-Koomson, Chief Climate Finance Officer of the AfDB Group (www.AfDB.org), appointed Director of the GFANZ Africa Network. The Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to the…

African Development Bank Group (AfDB)

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    • African Development Bank President Dr. Akinwumi A. Adesina praised the potential of the Africa Climate Risk Insurance Facility for Adaptation at an event during Africa Climate Summit in Nairobi
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Source: African Development Bank Group (AfDB) |

African Development Bank unveils new initiative to cushion farmers from climate change effects

The facility, which will be hosted by the Bank, expands its pioneering Africa Disaster Risk Insurance Program into a facility that will develop insurance to help African countries

The African Development Bank (www.AfDB.org) has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA). The initiative is aimed at insulating countries against catastrophic weather-related events. The facility, which will be hosted by the Bank, expands its pioneering Africa Disaster Risk Insurance Program into a facility that will develop…

African Development Bank Group (AfDB)

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    • World leaders gathered in Nairobi at the invitation of Kenya President William Ruto (centre), voiced strong support for making Africa integral to global action efforts
    • African Development Bank president Dr Adesina commending Kenya President for hosting the inaugural Africa Climate Summit in the Kenyan capital Nairobi
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Source: African Development Bank Group (AfDB) |

Bold visions and solid pledges: Global leaders unite at Africa Climate Summit to put continent at heart of fight against climate change

The Africa Climate Summit is expected to produce the joint Nairobi Declaration, that will set out the continent’s position on climate finance and green growth

World leaders on the second day of the inaugural Africa Climate Summit in the Kenyan capital Nairobi have pledged their support to position the continent at the epicentre of the fight against climate change, urging greater consideration for Africa’s needs. The historic three-day event, hosted by the government of Kenya…

African Development Bank Group (AfDB)

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    • In Nairobi, African Development Bank president Adesina announced a new $1 billion fund to accelerate climate financing for Africa’s youth businesses
    • African Development Bank President Adesina with 8th UN Secretary General Ban Ki Moon, other global climate champions and African youth at the University of Nairobi’s Wangari Maathai Institute of Peace and Environment
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Source: African Development Bank Group (AfDB) |

$1 billion to boost access to climate finance for Africa’s youths, African Development Bank announces

The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation

African Development Bank (www.AfDB.org) President Akinwumi Adesina has announced a new $1 billion fund to accelerate climate financing for Africa’s youth businesses. The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation. It invites young entrepreneurs and micro, small, and medium enterprises…

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    • Adesina at the Africa Youth Climate Assembly: “The biggest risk on the continent is not investing in the youth. The youth need investment, not empowerment”
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Source: African Development Bank Group (AfDB) |

Africa’s youth biggest asset for the continent and the world, say Kenya’s President Ruto and African Development Bank’s Adesina

Ruto and Adesina backed their demand for greater involvement in setting national and international climate policies

Hundreds of young people from across Africa are demanding a significant role in decision making for climate action. Youth leaders, entrepreneurs and policymakers presented the Africa Youth Climate Assembly Declaration to Kenya’s President, William Ruto, and African Development Bank Group President Dr Akinwumi Adesina. The Declaration, which was the culmination…