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African Economic Conference — Financing Africa's post-Covid-19 development
12-Nov-2021 - What: African Economic Conference 2021 Who: United Nations Development Program, African Development Bank, and Economic Commission for Africa When: 2 to 4 December 2021 Where: Cabo Verde and onlineCOP26: ‘Let’s do it!’ African Development Bank President Adesina urges partners to support the Desert to Power Initiative
12-Nov-2021 - African Development Bank President Akinwumi A. Adesina used the global stage of COP26 to rally support for the flagship Desert to Power project, which aims to provide solar electricity to 250 million people across 11 Sahel countries. The project recently received $150 million in concessional resources from the Green Climate Fund and a $20 million grant from Sweden.
African Development Bank President calls for development revitalization
12-Nov-2021 - African Development Bank President Dr Akinwumi A. Adesina has called on the developed countries of the world to honor their financial commitments to developing countries as developing nations struggle to battle against climate change and the impact of the Covid-19 pandemic. He said Covid had drawn millions, particularly in Africa, into poverty.African Financial Alliance on Climate Change (AFAC) launches report on the state of climate risk regulation in Africa’s financial industry at COP26
12-Nov-2021 - Getting Africa’s financial sector ready to cope with climate risk is vital for a smooth transition to net-zero emissions and resilience, according to a new report published by three global institutions. The report was launched on Wednesday, 10 November, by the African Financial Alliance on Climate Change (AFAC) at the COP26 climate conference.COP 26: Low-income countries in fragile situations falling further behind in climate funding, urgent action needed to reverse this trend, African Development Bank and ICRC say at climate conference
12-Nov-2021 - Countries hit by conflict cannot continue to be overlooked by climate action and finance, the International Committee of the Red Cross (ICRC) and the African Development Bank have warned. At a high-level event on the sidelines of COP26 on Thursday, governments and partners from development, civil society and humanitarian fields joined the African Development Bank and ICRC to call for greater recognition of the increased vulnerability faced by communities affected by conflict.COP26: African Development Bank forges ahead with new Adaptation Benefits Mechanism
12-Nov-2021 - The African Development Bank is forging ahead with its flagship adaptation financing facility — the Adaptation Benefits Mechanism (ABM). It will serve as a vehicle for financing resilience-building in communities and ecosystems that are vulnerable to climate change.African Development Bank approves $150 million to support ETC Group’s trade and agriculture value-chain development in Africa
12-Nov-2021 - The Board of Directors of the African Development Bank Group has approved a $150 million facility to ETC Group Limited to address the company’s working capital requirements and support its food production expansion plans across 10 countries in Africa, in a boost for smallholder farmers.
COP26: At Africa Day, activists challenge leaders to ensure climate justice and solidarity
12-Nov-2021 - A young Sudanese climate change champion stole the limelight at Africa Day, held on the sidelines of the COP26 summit in Glasgow. In a passionate speech, Nisreen Elsaim spoke of the burden of climate change in her home country, evidenced by the worst flood in 100 years, followed by drought affecting seven countries in the region. Elsaim, chair of the UN Secretary General’s Youth Advisory Group on Climate Change, addressed visitors at the Africa Pavilion, jointly sponsored by the African Development Bank, the African Union, AUDA-NEPAD, and the...African Development Bank collaborative ICT initiative RASME, will enable remote monitoring and evaluation of development projects in real time
12-Nov-2021 - The African Development Bank, in collaboration with the World Bank, has launched an initiative that will use real time data gathering tools to remotely compile digital data from projects in Central Africa via mobile phones and personal computers. The Remote Appraisal, Supervision, Monitoring and Evaluation (RASME) project is a partnership of the African Development Bank’s IT Department (CHIS), its regional office for Central Africa on one hand and the World Bank’s Geo-Enabling initiative for Monitoring and Supervision and KoBoToolbox teams.COP26: Africa must finance its adaptation, $100 billion commitment or not, experts say
11-Nov-2021 - Africa must have a comprehensive approach to climate resilience beyond adaptation financing, regardless of foreign contributions, experts said during a session titled “Adaptation Financing for Nationally Determined Contributions (NDCs)”. The session, held on Monday on the sidelines of COP26 in Glasgow, was dedicated to the implementation of NDCs in East Africa. The African Development Bank, German political think-tank Konrad Adenauer Stiftung and the United Nations Economic Commission for Africa (UNECA) jointly convened the event.
COP 26: African Development Bank Group launches Climate Change and Green Growth framework
11-Nov-2021 - The African Development Bank Group has launched its Climate Change and Green Growth Framework at the COP26 climate conference in Glasgow, Scotland. The framework is the first of its kind by any multilateral development bank.African Development Bank and Agence Française de Développement sign €2 billion co-financing partnership agreement for Africa
11-Nov-2021 - The African Development Bank Group and the Agence Française de Développement on Wednesday signed a co-financing and partnership agreement to strengthen their relationship and leverage additional resources for impactful projects in Africa. African Development Bank President Dr Akinwumi A. Adesina and Agence Française de Développement CEO Rémy Rioux signed the agreement in Paris on behalf of their two institutions.Zimbabwe: African Development Fund extends $3.5 million grant to bolster livelihoods of women and youth
11-Nov-2021 - The Board of Directors of the African Development Bank Group has approved a $3.5 million grant to Zimbabwe to create jobs and boost livelihoods for youth and women in artisanal mining, horticulture and dairy value chains. The funding, to be drawn from the African Development Fund, the Bank Group’s concessional window, will go to the Sustainable Enterprise Development for Women and Youth Project.African Development Bank’s Africa Disaster Risk Financing Program receives $2.5 million pledge from United States
10-Nov-2021 - The United States Agency for International Development and the U.S. State Department pledged financial support to African Development Bank’s Africa Disaster Risk Financing Program, at a COP26 side event promoting disaster and climate risk financing in Africa. The Africa Disaster Risk Financing Program, in collaboration with African Risk Capacity Group, promotes disaster response mechanisms, whereas the Bank supports its regional member countries to cover their insurance premiums and plan for climate disasters.
COP26: African Development Bank welcomes nearly $136 million in donor support for Sustainable Energy Fund for Africa
10-Nov-2021 - The African Development Bank has welcomed $136 million in additional donor commitments for the Sustainable Energy Fund for Africa (SEFA). The announcements were made on Monday, during an event at the COP26 conference featuring government ministers and a panel of leaders in renewable energy. The event was an occasion for SEFA donors to reaffirm their support for the Fund’s institutional priorities. SEFA is a multi-donor trust fund managed by the African Development Bank.
COP26: “Mission 1 for 200”, a financing facility for food and nutrition in Africa, will give African farmers support to adapt to climate change
10-Nov-2021 - A financing facility for food and nutrition in Africa that has the backing of African governments will be a game changer for mobilising finances and technology for African smallholder farmers who bear the brunt of climate change-induced negative impacts.
Sharing innovations and good practices in resilience in the Sahel
09-Nov-2021 - What: Forum for sharing resilience innovations and good practices in the Sahel Who? The African Development Bank, the Sahel Alliance, the Permanent Interstates Committee for Drought Control in the Sahel, the UN Convention to Combat Desertification, the UN Integrated Strategy for the Sahel and the World Food Programme When: 29-30 November 2021; 08:30 - 17:00 GMT Where: Virtual