28/11/2013 - With African Development Bank (AfDB) support, six African nations – Burkina Faso, Democratic Republic of Congo, Ghana, Kenya, Mali and Mozambique – made it through a global competition run by the Climate Investment Funds (CIF) to provide dedicated funding to engage the private sector in effective climate solutions. The seven project concepts endorsed for full project development in Africa focus on forests in Burkina Faso, DRC and Ghana, renewable energy in Kenya and Mali, and climate resilience in Mozambique.
27/11/2013 - The African Development Bank’s (AfDB) work in clean energy financing received some welcome recognition last week from Asian Development Bank President (ADB) Takehiko Nakao. The ADB President commended the African Development Bank for its commitment to promoting clean energy investments during the 6th annual meeting of the Asia Solar Energy Forum (ASEF) on Solar Energy Technology Trends and Opportunities held in Tashkent, Uzbekistan, from November 20-23.
27/11/2013 - The African Development Bank Group’s (AfDB) efforts to improve sustainable energy supply and access in Africa took a leap forward with the Board of Directors’ approval of the Regional Rusumo Falls Hydropower Project.
20/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in financing for the multinational Inga Site Development and Electricity Access Support Project (PASEL). The project will further the development of the Inga hydropower plant located on the banks of the Congo River with a vast hydro-electric potential estimated at 44,000 MW – half of the continent’s installed electricity capacity.
15/11/2013 - Multilateral development banks (MDBs) provided almost US $27 billion worldwide, in financing to address the challenges of climate change in 2012, according to the second joint MDB report on climate finance. The report was released today, in line with the commitment by MDBs to enhance the transparency of their investments in climate change mitigation and adaptation.
Categories: Climate Change, Environment, Energy & Power, Climate Investment Funds (CIF), Global Environment Facility (GEF), Green Growth Initiative, Green Bond Program, Sustainable Energy Fund for Africa
13/11/2013 - With African Development Bank (AfDB) support, Burkina Faso has received an $11.5 million grant from the Climate Investment Funds’ (CIF) Forest Investment Program (FIP) to undertake the Gazetted Forests Participatory Management Project for REDD+* to create critically needed transformation of 12 of its gazetted forests.
13/11/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, November 13, a US $65-million equity investment package in the Africa Renewable Energy Fund (AREF) comprised of US $25 million from its statutory resources, US $35 million from the Sustainable Energy Fund for Africa (SEFA) and US $4.5 million from the Global Environment Facility (GEF). AREF is a private equity fund that will invest in small- to medium-sized renewable energy projects in Sub-Saharan Africa (SSA), excluding South Africa, with a targeted fund size of US $150 million to $200 million.
12/11/2013 - With African Development Bank (AfDB) backing, Liberia has garnered support for a far-reaching renewable energy investment plan with $50 million from the Climate Investment Funds (CIF) Program to Scale up Renewable Energy in Low Income Countries (SREP). Endorsement of the Liberian investment plan took place during the just-concluded week-long CIF governing body meetings.
08/11/2013 - The United Nations Convention on Climate Change (UNFCCC) announced Wednesday the selection of the Monrovia Fostering Innovative Sanitation and Hygiene (FISH) project as one of the 17 Lighthouse Activities to be showcased at the November 2013 UN Climate Change Conference in Warsaw, Poland.
25/10/2013 - Ten clean energy projects representing a total aggregate investment of over USD 80 million in bio-fuels, solar, biomass and hydro-power initiatives developed by West African entrepreneurs and companies were presented to investors in Accra at the West Africa Forum for Clean Energy Financing (WAFCEF).
Categories: Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, Togo, Climate Change, Energy & Power, Environment, Sustainable Energy Fund for Africa, Green Growth Initiative, Green Bond Program