Global Environment Facility (GEF)

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25-Apr-2016

Climate Change Success Stories - Adapting Yaounde’s drainage system to improve climate resilience, health and create jobs

Today, nearly 2.5 million of the country’s 23 million inhabitants reside in the Cameroonian capital of Yaoundé – over 60% of which is covered by low income settlement housing. The Mfoundi Canal, the city’s main drainage system, has with time become a receptacle for household refuse, industrial waste, domestic and industrial sewage and excreta from uncontrolled housing areas. This waste accumulates at the top end of the underground canals and its effluents, obstructing the normal flow of runoff water.
16-Apr-2016

Climate Change Success Stories - Relevant information and community involvement key to helping Burundi adapt to climate change

L’économie burundaise repose principalement sur le secteur agricole, qui représente un peu plus de 30 % du PIB et emploie plus de 90 % de la population. Le changement climatique fait peser une forte menace sur ce secteur, car la disparition de la petite saison sèche traditionnelle freine la productivité des cultures. D’ici à 2050, la modification des schémas pluviométriques pourrait entraîner la formation de deux saisons, de six mois chacune : une saison des pluies de novembre à avril, suivie d’une saison sèche de mai à octobre.
11-Jan-2016

AfDB GEF Partnership - Catalyzing transformational change through green growth in africa

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 associated with transforming a project with national benefits into one with global environmental benefits. Since its creation, the GEF has provided over US $14 billion in grants and mobilized an excess of US $70 billion in additional co-financing for more than 4,000 projects. The GEF is an international...
03-Dec-2015

New adaptation support for Global Environment Facility a welcome infusion for Africa, says AfDB

The African Development Bank (AfDB) welcomes the new infusion of US $248 million for the Least Developed Countries Fund (LDCF) of the Global Environment Facility (GEF), which was announced Monday at the global climate summit in Paris. The new money, pledged by 11 donor countries (Canada, Denmark, Finland, France, Germany, Ireland, Italy, Sweden, Switzerland, United Kingdom and the United States of America) in the UN Framework Convention on Climate Change (UNFCCC) meeting, opens the door for new critical support for adaptation in the world’s most vulnerable countries, including a majority of...
01-Sep-2015

SE4All: AfDB supports four more African countries in the development of their Action Agenda and Investment Prospectuses

Through the SE4All Africa Hub, the African Development Bank (AfDB) is now supporting the development of the SE4All Country Action Agenda and Investment Prospectuses in four new countries: Angola, Democratic Republic of Congo, Malawi and Zimbabwe, along with Kenya, Tanzania and Rwanda, which are already supported. Consulting firms were recruited in response to Government requests under the Africa Climate Technology Finance Center and Network, a recent GEF project implemented by AfDB. Actions have just started on the ground this summer 2015, and deliverables are...
04-May-2015

The African Development Bank and the Global Environment Facility - 2014 Annual Report

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” has as its main objective improving the quality of Africa’s growth; inclusive growth, and the transition to green growth. The Bank’s strategic objectives require climate-proofing investments, so that their development achievements remain sustainable within the context of a changing climate, while...
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 has been multiplied by 10 during the last five years and is now worth more than USD 200 million. The Bank’s catalytic role in financing Africa’s development contributes significantly to synergies and coordination among development partners and the private sector. The USD 218 million AfDB-GEF portfolio...
05-Mar-2015

Global Environment Facility (GEF) supports climate resilience in Uganda

The African Development Bank Board approved an additional financing of US $8.37 million (on March 4, 2015 from the Global Environment Facility’s (GEF) Least Developed Countries Fund (LDCF)[1] for the Water Supply and Sanitation Programme (WSSP), already financed by the Bank. The GEF financing will increase the resilience of the natural environment and the physical infrastructure of vulnerable drought and flood prone districts in Eastern Uganda. The programme is designed to build resilience in the face of a changing climate and adverse weather conditions, in particular increasingly...
30-Oct-2014

AfDB strongly committed to preserving ecosystems and wildlife in Africa

The African Development Bank (AfDB) participated to the Twelfth Meeting of the Conference of the Parties (COP12) of the United Nations Convention on Biological Diversity (CBD) that took place from October 6-17, 2014 in Pyeongchang, Republic of Korea. During the last Global Environmental Facility (GEF) assembly meeting in Cancun Mexico last May, the CBD Secretariat convened a meeting with the multilateral development banks (MDBs), including the AfDB, to discuss the role of regional development banks in regional cooperation on biodiversity and ecosystem services and explore possibilities for...
30-Jun-2014

AfDB creates African pilot climate technology and finance centre with GEF support

The Board of the African Development Bank (AfDB) approved on June 27th the creation and management of a pilot Africa Climate Technology Finance Center and Network (ACTFCN) for a three-year period to support the deployment and scaling-up of both climate change mitigation and adaptation technologies. The Bank will implement the project through the execution of a US$ 9.09-million grant from the Global Environment Facility (GEF) Trust Fund and US$ 5.25 million from the GEF Special Climate Change Fund. Following the Board’s decision, Alex Rugamba, Director of the AfDB’s...
24-Apr-2014

AfDB a key player in Africa to support global environment with the GEF

Record amount pledged for the Global Environment Facility Thirty donor countries pledged a record amount of US $4.43 billion for the Global Environment Facility (GEF) on April 17 to support developing countries’ efforts over the next four years to prevent degradation of the global environment. The African Development Bank, as one of the implementing agencies of the GEF since 2007, is a key player to foster a sustainable development path in Africa. The funding will support projects in more than 140 countries, including 54 in Africa to tackle a broad range of threats to the...
13-Mar-2014

African Renewable Energy Fund (AREF) launched with $100m committed capital and anchor investments from AfDB and SEFA

Fund to be headquartered in Nairobi Eddie Njoroge member of Fund Investment Committee The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on Sub-Saharan Africa closed on Wednesday, March 12, 2014 with US $100 million of committed capital to support small- to medium-scale independent power producers (IPPs). The fund, which will be headquartered in Nairobi, is targeting a final close of US $200 million within the next 12 months to be invested in grid-connected development stage renewable energy projects including small hydro, wind, geothermal, solar...
14-Feb-2014

AfDB affirms its support for Power Africa, with a commitment of more than US $600 million

The African Development Bank (AfDB) is proud to be an anchor partner of Power Africa, a five-year United States of America Presidential initiative aimed at supporting economic growth and development by doubling access to power in Sub-Saharan Africa. In fact, the Bank’s work with the US Government on African development issues spans four decades. The AfDB’s contributions to Power Africa run broad and deep, including contributions to the initiative’s focus countries in the form of investments, support for policy reforms, advisory services and guarantees. Last year alone, this support...
20-Nov-2013

AfDB promotes green and sustainable growth in Africa at UN Climate Talks in Warsaw

The African Development Bank’s green growth side event at the 19th Conference of Parties (COP 19) in Warsaw, Poland, provided a strong case for the collective objective of ensuring the transition to green growth and sustainable development in Africa. The side event titled “Transitioning towards Green Growth in Africa: The Role of the African Development Bank and other regional institutions” held on Monday, November 18, promoted the exchange of experiences and best practices with a view to replicating these in the future. “By 2030, Mozambique would have transitioned to a green economy,”...
15-Nov-2013

AfDB excels as premiere institution financing low carbon development in Africa

Multilateral development banks (MDBs) provided almost US $27 billion worldwide, in financing to address the challenges of climate change in 2012, according to the second joint MDB report on climate finance. The report was released today, in line with the commitment by MDBs to enhance the transparency of their investments in climate change mitigation and adaptation. The report analyzes the financial commitments by the institutions to support climate change mitigation and adaptation, and the information provided has been expanded since the first edition to include better sectoral and...
13-Nov-2013

AfDB invests US $25 million and mobilizes US $39.5 million from SEFA and GEF in the Africa Renewable Energy Fund

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, November 13, a US $65-million equity investment package in the Africa Renewable Energy Fund (AREF) comprised of US $25 million from its statutory resources, US $35 million from the Sustainable Energy Fund for Africa (SEFA) and US $4.5 million from the Global Environment Facility (GEF). AREF is a private equity fund that will invest in small- to medium-sized renewable energy projects in Sub-Saharan Africa (SSA), excluding South Africa, with a targeted fund size of US $150 million to $200 million. The...
11-Nov-2013

AfDB to Support Africa’s Green Growth Agenda at COP 19

African Water Facility project recognized during UN climate talks The Fostering Innovative Sanitation and Hygiene (FISH) Project in Monrovia funded by the African Water Facility (AWF) was showcased and recognized on November 21 and 22 as one of 17 outstanding climate innovations during the UN Climate Change Conference in Warsaw, Poland. Read More AfDB underscores climate solutions at Africa Day Achieving food security and more resilient agriculture requires both adaptation to climate change and lower emission intensities per output. This rationale, brought to the forefront by the...
09-Oct-2013

AfDB mobilizes USD 8.93 million of adaptation finance from the Global Environment Facility for Togo

The Council of the Least Developed Countries Fund (LDCF) hosted by the Global Environment Facility has approved on September 20, 2013 a project aiming at strengthening climate resilience of infrastructure in coastal areas in Togo through a grant of USD 8.93 million. This project will enable the construction of specific infrastructure that will protect the littoral, transport infrastructure in particular, from sea-level rise in the areas of Baguida Plage and Kossi Agbavi. In addition, the project will support communities in the project area to diversify their livelihoods and not rely on the...
03-Oct-2013

AfDB, largest financier of clean energy on the African continent with $4.3 billion in energy projects

Between 2011 and 2012, the African Development Bank (AfDB) increased by a staggering 92% its investment in clean energy in Africa, according to a new report by Bloomberg New Energy Finance. The publication looks at the clean energy transactions of 26 national and multilateral development banks from 2007 to 2012. The AfDB now ranks 11th of out 25 on a list of development investors that is topped by Germany’s Kfw Entwicklungsbank, China Development Bank and the Brazilian Development Bank. The AfDB’s investments had increased slowly but steadily from 2007 until last year, when they expanded...
26-Sep-2013

AfDB Approves US $43.27 Million for Sierra Leone’s Rural Water Supply and Sanitation Project

The Board of Directors of the African Development Bank (AfDB) Group met on Wednesday, September 18, 2013 in Tunis and approved US $43.27 million (UA 28.845 million) to finance Sierra Leone’s Rural Water Supply and Sanitation Project, which aims to increase access to water and sanitation in the rural areas of the country. The overall goal of the project is to contribute to the Sierra Leone’s Poverty Reduction Strategy Agenda for Prosperity and achievement of the water supply, sanitation and hygiene targets set out in the Millennium Development Goals (MDGs). The project’s specific objective...