Africa urges a spotlight on climate finance as the world heads to COP28

Africa urges a spotlight on climate finance as the world heads to COP28

The African Development Bank will mobilize financing for climate action at this year’s UN Climate Change Conference, COP28, and amplify Africa’s calls for robust commitments by wealthy countries to meet the continent’s urgent needs in addressing climate change. The Bank Group, led by its President, Dr Akinwumi Adesina, will launch and cement several climate action…

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The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of EUR 74.25 million to Cameroon in Abidjan to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries, particularly Chad.

Climate Change: AfDB grants over 13 million Dollars to Burundi

The Board of Directors of the African Development Bank Group (www.AfDB.org) granted funding of USD 13.15 million to Burundi on 5 October 2023, to help the country implement Phase 1 of the Water Sector and Climate Resilience Building Support Programme. The funding comes from the Transition Support Facility (https://apo-opa.info/3CSPRhx), one of the Bank’s funding mechanisms aimed…

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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.

AfDB launches $1-billion Africa Climate Insurance Facility for Adaptation

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 Ambition Summit session, Delivering Climate Justice: accelerating ambition and…

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AfDB joins global partners to raise financing for Zambia's Lobito Transportation Corridor

Africa Climate Summit: AfDB’s SEFA welcomes $50 million in new commitments from US & Germany

The African Development Bank’s (www.AfDB.org) Sustainable Energy Fund for Africa (SEFA)  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 a high-level event organised…

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17th IsDB Global Forum on Islamic Finance holds in Saudi Arabia

The Islamic Development Bank (IsDB) Institute is organizing the 17th IsDB Global Forum on Islamic Finance with a special focus on leveraging disruptive technologies to build an inclusive and resilient future. Under the theme ‘Disruptive Solutions for a Resilient Economy’, the forum will be held on 12 May 2023 in Jeddah, Kingdom of Saudi Arabia,…

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The African Development Bank has approved a donation of over EUR 34 million to Chad to improve water and sanitation in the country. The project aims to improve the living conditions of people in semi-urban and rural areas by giving them access to drinking water and sanitation.

AFDB’s Africa Climate Change Fund dialogues with Global Affairs Canada delegation

The Director of the African Development Bank’s  Climate Change and Green Growth Department, Prof. Anthony Nyong recently received a delegation from Global Affairs Canada’s Cooperation for Pan-African and Regional Development Program in Cote D’Ivoire. The delegation, led by Mrs. Lara Bremner, Head of the Program, was in Abidjan as part of its engagement with key…

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Green Energy Africa Summit announces Advisory Committee

Green Energy Africa Summit  has today announced its Advisory Committee for the summit, to be held in the heart of South Africa’s Cape Town on 10-11 October. Held under the theme, “Unlocking Africa’s Just Energy Potential”, the Green Energy Africa Summit (GEA) will provide unrivalled opportunities throughout its two-day programme for stakeholders across the energy…

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Borkhataria of RBC Capital Markets speaks at Lisbon Energy Summit

The Lisbon Energy Summit has announced a speaker line-up consisting of key global energy community influencers and disrupters. Providing a programme filled with C-level participants from companies including GALP, EDP, EasyJet, Octopus Energy, LNEG & Tellurian, attendees will hear from genuine decision makers, delivering insights on balancing energy security and achieving net zero ambitions, the…

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