News & Events
22/03/2017 - The African Climate Technology Center (ACTC) has the mission of supporting Sub-Saharan countries in scaling-up the adoption of clean technologies for adaptation and mitigation, through activities that include knowledge creation and dissemination, support to policies and enabling environment and support to projects. The ACTC is financed by the Global Environment Facility (GEF), with the African Development Bank as the implementing organ.
21/03/2017 - The Board of Directors of the African Development Bank (AfDB) approved on March 15, 2017, the conversion of the Africa Climate Change Fund (ACCF) – established in 2014 with €4.725 million from the Government of Germany – to a multi-donor trust fund. This conversion brings two new partners to the Fund, the governments of Italy and Flanders (Belgium), who are contributing €4.7 million and €2 million, respectively. It further opens the door to new partnerships with other donors interested in supporting African countries in their transition to low-carbon, climate resilient development and green growth.
14/03/2017 - On February 13, 2017, the Global Environment Facility (GEF) Council approved a total of US $ 4 million and US $ 2.6 million, respectively, for Lesotho and Malawi as part of additional financing projects with the African Development Bank (AfDB). The funds are mobilized under the Least Developed Countries Fund (LDCF) of the GEF.
09/03/2017 - The Government of the Republic of Mozambique and the African Water Facility (AWF) has entered into a grant agreement for a feasibility study on Urban Sanitation, Drainage and Solid Waste Management in Chimoio and Inhambane. The grant agreement was signed on January 27, 2017 by the Minister of Economy and Finance Adriano Afonso Maleiane and the Country Manager for the African Development Bank Joseph M. Ribeiro. The project was launched in workshops in Maputo on March 8, in Chimoio on March 9 and another one will be held in Inhambane on March 14. This AWF €1.6-million grant project will contribute to improve livelihood conditions and climate change resilience for the 310,000 citizens of the Municipalities of Chimoio and Inhambane. This will be achieved by reducing the risk of flooding and improving the public health.
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.
07/03/2017 - The African Risk Capacity (ARC) has added a crucial partner to its portfolio by formally teaming up with the African Development Bank (AfDB) to strengthen mechanisms to manage weather-related risk on the continent. This partnership will formalize a technical collaboration to enhance risk management infrastructure and policy across Africa; it will also support African countries in building resilience against climate shocks and in taking ownership of their disaster response.
27/02/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $995,000-grant to the Republic of The Gambia to implement a programme to facilitate private investments in Green Mini-Grids (GMG) through the creation of an enabling policy, institutional and regulatory framework, as well as direct support to project development and financing.
- 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.
30/01/2017 - The African Development Bank President, Akinwumi Adesina, attended the official opening ceremony of the 28th Ordinary Session of the Assembly of the African Union, which kicked off Monday in Addis Ababa.