News & Events
19/07/2017 - The Climate Investment Funds (CIF) has approved US $21.7 million for the United Republic of Tanzania to finance its Geothermal Energy Development Project.
03/07/2017 - Morocco received approval for a US $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF) for a project to generate solar power through an innovative hybrid Concentrated Solar Power (CSP) and Photovoltaic (PV) solution. The Midelt Phase I Concentrated Solar Power Project is being supported by the African Development Bank (AfDB) and the World Bank with an additional allocation of US$ 25 million in CTF resources.
27/06/2017 - The Climate Investment Funds (CIF) awarded Liberia a grant in the amount of US$ 23.25 million to help transform the country’s renewable energy sector. The project aims at developing a 9.8 MW hydropower plant at Gbedin Falls on the Mano River in Nimba County and provide a low-cost, sustainable and reliable source of electricity to Liberia.
31/03/2017 - The Board of Directors of the African Development Bank (AfDB) approved a project preparation grant of USD 2.3 million to kick-start future investments in decentralized power systems in rural and urban areas in Uganda. The grant was provided by the Scaling–Up Renewable Energy Programme of the Climate Investment Funds managed by the AfDB’s Department of Climate Change and Green Growth.
07/03/2017 - The African Development Bank (AfDB) and Climate Investment Funds’ Forest Investment Program (CIF FIP), have signed a US $24-million loan agreement with Form Ghana Ltd., opening the door to commence the implementation of an innovative project on Public-Private Partnership for the Restoration of Degraded Forest Reserve through Verified Carbon Standard (VCS) and Forest Stewardship Council (FSC) Certified Plantations.
07/03/2017 - The African Development Bank (AfDB) Board of Directors has approved a senior concessional loan of $25 million to fund the Segou Solar PV Project, Mali’s first utility-scale solar photovoltaic (PV) power plant. The project, one of the first in Sub-Saharan Africa, consists of the design, construction and operations of a 33 MW Power Plant. The transformational project will lead to a direct increase in the country’s installed capacity from a renewable resource and will generate 52.7 GWh annually (approximately 10% of the current generation capacity) over 25 years for a lifetime output of 1,316.75 GWh.
- From: 11/04/2017
- To: 11/04/2017
- Location: The Work Foundation, Trafalgar Square, London
Jointly organized by the African Development Bank (AfDB), the Climate Investment Funds (CIF) and the Lancaster University Pentland Centre for Sustainability in Business, this invitation-only event will launch the concept of an Adaptation Benefit Mechanism – a transparent and efficient results-based mechanism to support adaptation to climate change, will be held at The Work Foundation, Trafalgar Square, from 9:00-13:30, Tuesday, April 11, 2017.
13/01/2017 - The African Development Bank (AfDB), with support from the Climate Investment Funds (CIF), has awarded a contract to Swedish consulting firm CPMA International to help develop a global Adaptation Benefit Mechanism (ABM). The revolutionary ABM would serve as a business model to encourage private sector investment in climate change adaptation, sending a price signal to project developers that will encourage them to invest in technologies, goods and services which bring verified adaptation and resilience benefits to developing economies.
12/01/2017 - With support from the African Development Bank (AfDB), Burkina Faso has been awarded a US $4-million loan from the Climate Investment Funds’ Forest Investment Program (CIF FIP) to revive its cashew sector and mitigate climate change, working through an innovative public-private sector business model between the national union of farmers’ cooperatives and the government.
14/12/2016 - In the heart of West Africa, Niger endures long periods of drought. More than US$350 million have been invested since 1980 in operational programmes, including sustainable land management.
Faced with the effects of climate change and challenges due to periods of intense drought, the Government of Niger has decided to act decisively. The goal? To help its people to fight the consequences of climate change and ensure inclusive development and growth.