10-Jul-2015
AfDB along with other MDBs and IDFC have developed common principles for adaptation finance tracking
The world’s leading development finance institutions have taken an important step forward in tracking more consistently the flows of finance that help countries and people deal with the effects of climate change.
The six large multilateral development banks (MDBs) and the International...
The African Development Bank (AfDB) Group announced on Wednesday, June 8 the approval of €16.7 million (a €9-million loan and a €7.7-million grant) in financing toward a program which aims to strengthen the electricity distribution network in Guinea Bissau’s capital by rehabilitating the facilities...
06-Jul-2015
SEFA doubled its grant portfolio to small- to medium- sized clean energy projects in 2014: report
The Sustainable Energy Fund for Africa (SEFA) announced on June 11 that it more than doubled its project portfolio last year, with commitments of USD 6.5 million, for 10 new projects all over the continent during the launch of its 2014 Annual Report.
SEFA 2014 highlights include: USD 3.6...
01-Jul-2015
AfDB approves US $22.5-million to improve investment climate and forest governance in Congo
The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, July 1, 2015 approved a US $22.5-million loan to the Republic of Congo to help finance the country’s Investment Climate and Forest Governance Support Project (PACIGOF).
The project aims to promote robust and...
The Sustainable Energy Fund for Africa (SEFA) has approved on June 9 a USD 1 million grant to launch the first phase of a Green Mini-Grids (GMG) Market Development Program (MDP) which will be implemented by the SE4ALL Africa Hub in coordination with SE4ALL’s Clean Energy Mini-Grid High Impact...
Multilateral Development Banks provided US $28 billion in Climate Finance in 2014
The world’s six large multilateral development banks (MDBs) delivered over US $28 billion in financing last year to help developing countries and emerging economies mitigate and adapt to the challenges of climate...
The African Development Bank Group (AfDB) has extended its multimillion multi-phased Horn of Africa drought resilience programme with a US $16-million soft loan to Djibouti and a US $14-million grant to Sudan.
The African Development Fund (ADF) loan and grant were approved by the AfDB Group’s...
09-Jun-2015
Payment for Environmental Services, a promising new tool to sustain long-term green investments
The African Development Bank launched on Tuesday, June 9, its report, Payment for Environmental Services: A promising tool for natural resources management in Africa, the first of a new AfDB-Climate Investment Funds knowledge series. The report details the tool’s potential to improve natural...
08-Jun-2015
CSOs in dialogue: Expanding engagement with civil society to advance Africa’s climate-smart development
The example of Menengai geothermal project On May 28, 2015, the African Development Bank (AfDB) and the Climate Investment Funds (CIF) co-hosted an open dialogue session in the AfDB’s Civil Society Organization (CSO) Forum in the margins of its Annual Meetings in Abidjan, Côte d’Ivoire. In the...