The African Development Bank (AfDB) has shown its commitment to help the continent cope with climate change. In 2009, the Bank Group developed its Strategy of Climate Risk Management and Adaptation (CRMA).
This strategy calls for increased support for capacity building of African countries to tackle climate change risks. It also ensures that all investments financed by the Bank are “climate-proof", meaning that they are designed, installed, implemented and managed to reduce to a minimal level the adverse effects of climate change, with the most cost-effective ratio as possible.
These strategies are spelt out in a comprehensive action plan, which includes investments of almost USD 8 billion by 2015.
The plan’s purpose is to reduce the continent's vulnerability to climate change and sustain the change to economies producing less greenhouse gas (GHG). The plan banks on AfDB resources but also on the contribution of its partners, multilateral and bilateral institutions, and the private sector.
- 19/08/2017 - AfDB President makes clarion call for action on challenges hampering growth at 37th SADC Heads of State Summit
- 19/08/2017 - Speech delivered by Akinwumi A. Adesina, President of the African Development Bank Group, at the 37th Summit of the Heads of State and Governments of the Southern Africa Development Community, August 19-20, 2017, Pretoria, South Africa
- 18/08/2017 - ALSF weighs in on Uganda’s oil refinery project
- 18/08/2017 - AfDB signs Host Country Agreement with South Africa establishing Southern Africa Regional Development and Business Delivery Office
- 17/08/2017 - AfDB President Akinwumi Adesina to attend 37th SADC Summit in South Africa
- 17/08/2017 - With ALSF support, Rwanda lays foundation stone of Bugesera International Airport
- 15/08/2017 - Africa50 Appoints Rupali Gupta as Head of Investor Relations
- 15/08/2017 - President's statement on Burkina Faso attacks