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African Development Bank Group (AfDB)

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    • About 75% of African countries have access to the sea, which offers immense opportunities in the blue economy, with a global potential is estimated at about $1.5 trillion. Photo shows part of the coast in Cabo Verde
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Source: African Development Bank Group (AfDB) |

Natural capital, an option for African governments to finance Sustainable Development Goals

The continent contributes substantially to the world's annual production of six key minerals: 80% of platinum, 77% of cobalt, 51% of manganese, 46% of diamonds, 39% of chromium and 22% of gold

Africa must use all its comparative advantages to mobilize the resources it needs to finance its sustainable development ambitions. Since 2010, official development assistance has declined, falling to its lowest level of $34 billion in 2022, according to Organisation for Economic Co-operation and Development (OECD) estimates. Access to international capital…

African Development Bank Group (AfDB)

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    • Africa Knowledge Exchange Shares Perspectives on Protecting Forests, Fostering Climate Resilience and Empowering Communities
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Source: African Development Bank Group (AfDB) |

Africa Knowledge Exchange Shares Perspectives on Protecting Forests, Fostering Climate Resilience and Empowering Communities

The occasion brought together over 200 participants from CIF recipient countries, contributing states, the private sector, civil society, local community groups, and the Fund’s international partners

In March 2023, the Climate Investment Funds (CIF), the Government of Côte d’Ivoire, and the African Development Bank Group (www.AfDB.org) held a four-day event to share knowledge from 15 years of the Fund’s interventions in Africa. The event focused on experiences from the Forest Investment Program and the Pilot Program…

African Development Bank Group (AfDB)

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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…

African Development Bank Group (AfDB)
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…