15-May-2015
Ghana receives resounding endorsement of investment plan to transform its renewable energy sector
At its governing body meetings this week, the Climate Investment Funds (CIF) unanimously endorsed Ghana’s ambitious investment plan to transform and promote its renewable energy sector. The plan, which is slated to receive $40 million in funding from the CIF’s Program for Scaling Up Renewable...
Launched in April 2014 with a EUR 4.725 million contribution from Germany for an initial three-year period, the African Development Bank-sponsored Africa Climate Change Fund (ACCF) is working to address underlying challenges currently preventing many of the region’s countries from...
06-May-2015
AfDB showcases initiatives for addressing climate change at Africa Climate Resilient Infrastructure Summit
The first Africa Climate Resilient Infrastructure Summit (ACRIS I), which concluded on April 29, 2015 in Addis Ababa, Ethiopia, offered an opportunity for the African Development Bank to showcase its Climate Safeguard System (CSS). It aligns with the Bank’s Ten-Year Strategy 2013-2022, whose...
In mid-April 2015, Mali confirmed its ability to raise funds to finance climate change adaptation and greenhouse gas emissions mitigation projects – a development made possible thanks to the African Development Bank (AfDB) Group and other partners such as the Green Climate Fund (GCF).
The...
On a global scale, Africa is not flagged as a major emitter of the greenhouse gases. However, the continent is becoming the most exposed region in the world to the impacts of climate change. The African Development Bank (AfDB) Ten Year Strategy (2013-2022) “At the Center of Africa’s Transformation...
04-May-2015
AfDB now supports 30 countries to advance on environment-smart projects with GEF: annual report
The African Development Bank (AfDB) is an implementing agency for the Global Environment Facility since 2008. The relatively young portfolio has 28 projects over 30 countries on the continent according to the 2014 AfDB and GEF annual report released on Monday, May 4. The portfolio size...
The African Development Bank is offsetting the carbon emissions from transportation and electricity use during its 2015 Annual Meetings in Abidjan in an effort to migitate climate change. The Bank is contributing to the financing of a cookstove project in Cameroon run by CO2balance, in partnership...
The Sustainable Energy Fund for Africa (SEFA) has approved a USD 740,000 technical assistance grant to the Government of Mozambique to enhance the enabling environment for private investments in the country’s promising renewable energy sector. Specifically, the new SEFA grant will support the...
On April 8-9, the Chief Economist Complex of the African Development Bank organized a Bank-wide seminar on the Housing Market Dynamics in Africa at the Bank’s headquarters in Abidjan. The objective of this seminar was to share preliminary findings of the forthcoming study on the continent’s housing...