Source: African Development Bank Group (AfDB) |

African Development Bank, Climate Investment Funds and the Coalition for Green Capital to develop Green financing instruments for Africa

Green Banks and National Climate Change Funds can play an important role in mobilizing finance to support low-carbon, climate-resilient development

The African Development Bank (http://AfDB.org), in partnership with the Climate Investment Funds (CIF) (http://bit.ly/2B7HLBQ), has commissioned the Coalition for Green Capital (CGC) (http://bit.ly/2oG19mN) to prepare a study on the creation of national climate change funds and green banks in Africa. CGC will identify and work with six African countries to conduct…

Source: African Development Bank Group (AfDB) |

G5 Sahel heads of State throw their weight behind African Development Bank initiative Desert to power

Bank commits $20 million towards project preparation for the realization of the project

G5 Sahel heads of state at a Summit on Friday in Ouagadougou, Burkina Faso, gave strong support to Desert to Power, an Africa Development Bank (https://www.AfDB.org/) -led initiative. The summit, "Harnessing solar energy for the socio-economic development of the G5 Sahel countries" came on the heels of a high-level technical…

Source: African Development Bank Group (AfDB) |

G7 Summit: President Macron and G7 leaders provide Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative with $251 million

AFAWA aims to raise up to $5 billion for African women entrepreneurs and the African Development Bank will provide $1 billion financing

French President Emmanuel Macron and G7 leaders on Sunday approved a package totalling $251 million in support of the African Development Bank’s (www.AfDB.org) AFAWA initiative to support women entrepreneurs in Africa. “I am particularly proud, as the current G7 president, that the programme we are supporting today, the AFAWA initiative,…

Source: African Development Bank Group (AfDB) |

Donors pledge $17 million to Africa Solidarity Trust Fund at African Development Bank Annual Meetings side event

The donor conference was attended by the presidents of Mauritania, Guinea Bissau, the prime minister of Eswatini and several high-ranking diplomats, ministers and development and banking institutions

African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent. The pledges were made at a high-level donor round table convened by the United Nations Food and Agriculture Organisation…

Source: African Development Bank Group (AfDB) |

Japan and Austria to support private sector climate change investments on the continent

The project will be implemented by the Climate Change and Green Growth Department of the African Development Bank

The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally…

Source: African Development Bank Group (AfDB) |

CHANGE OF VENUE: African Development Bank to present 2019 African Economic Outlook at 32nd AU Summit

The theme for this year’s African Economic Outlook is “Integration for Africa’s Economic Prosperity”

What: Presentation of the 2019 African Economic Outlook report When: 8 February 2019  Location: Small Conference Hall 1, AU Headquarters, Addis Ababa, Ethiopia. Time: 8.30 – 10.30 am The African Development Bank (www.AfDB.org) will present the 2019 edition of its flagship African Economic Outlook (https://bit.ly/2Djcpf8) (AEO) report on the sidelines of the 32nd Ordinary Session of the Assembly…

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

Empower women to help save Africa from climate change

Africa must unlock the power of its women and girls if it is to adapt to climate change, cope with disasters and build its green energy sector

That is the message from African delegates as the world prepares to implement the Paris Agreement on climate change in Katowice, Poland, this week. Research shows that when women are involved in decision making, agreements on the environment are more likely to be ratified and projects around natural resources, such…

Source: African Development Bank Group (AfDB) |

Huge desert solar initiative to make Africa a renewables power-house

Solar projects stretching across the Sahel region are expected to connect 250m people with electricity by tapping into the region’s abundant solar resource

The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (www.AfDB.org), which…

Source: African Development Bank Group (AfDB) |

A-List Attendees throw weight behind Africa Investment Forum 2018

Prominent foreign envoys in attendance at the Forum, signaled growing interest in trade and partnership deals in Africa from Europe and overseas

Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently concluded inaugural Africa Investment Forum (AfricaInvestmentForum.com) as an unprecedented game changer for Africa. South Africa’s President Cyril Ramaphosa has described the Forum, convened by the African Development Bank…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2018: African Financial Alliance on Climate Change (AFAC) unveils guiding principles

Its Steering Committee, which provides overall direction and guidance, is constituted to ensure representation by key institutions within the African financial sector

The African Financial Alliance on Climate Change (AFAC) unveiled its guiding principles at the recently concluded Africa Investment Forum (www.AfricaInvestmentForum.com). Launched in June 2018, AFAC aims to increase financial sector participation in climate action, in order to raise the share of investments that support low-carbon and climate-resilient development in Africa. Its…