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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Energy Capital & Power (ECP) (https://www.EnergyCapitalPower.com) has announced the winners of the  Angola Oil & Gas (AOG) 2023 Awards, with the awards presented during the fourth edition of the AOG conference and exhibition in Luanda, Angola.

Haliburton, other OFS Providers Call for Innovation in Decarbonizing Angola’s Oil & Gas Operations

As the upstream industry undergoes a global shift toward decarbonization, a strategic panel at Angola Oil & Gas 2023 Conference & Exhibition has called for innovation in decarbonizing Angola’s Oil & Gas Operations Angola’s leading oilfield service providers discussed how to innovate and accelerate the deployment of low-carbon technologies during the closing panel on Day…

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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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