Established in 1991, GEF works through 6 focal areas: biodiversity, climate change, chemicals and waste, land degradation, international waters, and sustainable forest management. The GEF provides new and additional grants and concessional funding to cover the "incremental" or additional costs...

The African Development Bank announced on Thursday, December 17 that it has joined the Inclusive Green Growth Partnership, a new collaboration between the Global Green Growth Institute (GGGI), multilateral development banks and United Nations agencies to address policy barriers and promote social...

While climate change is a major threat to Africa, the continent should seize the opportunities it represents, said African Development Bank Vice-President Aly Abou-Sabaa at the COP21 climate conference in Paris. Speaking on behalf of AfDB President Akinwumi Adesina, the Vice President...

An unprecedented coalition of the world’s leading financial institutions have officially signed on to five voluntary Principles to Mainstream Climate Action into their operations. The landmark move was undertaken by 26 financial institutions, from both the public and private sectors,...

The African Development Bank has launched the report, “Transition towards Green Growth in Mozambique: Policy review and recommendations for action,” which summarizes the development process of the Green Economy Action Plan (GEAP) prepared to operationalize the ambitious goals of the country’s Green...

At the global climate summit in Paris on December 10, the Government of Italy announced a USD 8-million contribution to the Sustainable Energy Fund for Africa (SEFA) managed by the African Development Bank (AfDB). Italy’s capital infusion substantially raises the value of SEFA from USD 87...