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…
The government of Germany has pledged to invest 4 billion euros in Africa’s green energy until 2030. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank Group Dr Akinwumi Adesina, during the G20 Compact with Africa…
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…
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…
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…
The African Development Bank is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part of its ground-breaking African Green Bank initiative. The host institutions are La Caisse des Dépôts et Consignations du Bénin (CDC Benin) and the Ivorian National Investment Bank (BNI). As…
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,…
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…
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…
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…
