You are here

Towards a climate-smart Africa - The AfDB and CIF partnership - November 2019

12-Nov-2019

The African Development Bank plays an important role as a CIF implementing entity, advancing a growing portfolio of projects in renewable energy, forestry, and resilience solutions in Africa.

With CIF support, the Bank currently finances 39 investment plans in 27 countries and 1 region to transform their economies through renewables, sustainable transport, climate resilience and sustainable forest solutions.

As of November 2019, the African Development Bank had 26 CIF projects approved for $ 2.779 billion (AfDB $ 1.904 billion, CIF $ 0.875 billion). These are supporting 880 MW of renewable energy capacity, 300,000 people with improved resilience to cope with the effects of climate change, the creation of 16,000 green jobs, and the establishment of around 350,000 hectares of more sustainable forests.

Related Sections