Climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance. The total climate co-finance committed Read more…
The second day of the Annual Meetings of the African Development Bank Group was marked by a panel under the theme: “Climate change and green growth”. This parallel session called the “knowledge event” was devoted to the challenges of adaptation Read more…
The African Development Bank (AfDB) and the Association of African Development Finance Institutions (AADFI) have trained African business experts in climate finance action strategy, and management. The training aimed to equip participants, particularly those from the financial and private sectors, Read more…
Finance ministers from the Group of Seven (G7) industrialized nations have unanimously agreed to tackle climate change and biodiversity loss. They also promised to ensure a strong, sustainable, balanced and inclusive global recovery that builds back better and greener from Read more…
The importance of climate finance to Africa will take the center stage as the African Development Bank (AfDB) and the Association of African Development Finance Institutions (AADFI) are hosting a virtual workshop. It is themed: “Mainstreaming Climate Finance Actions in Read more…
Madagascar has received financial support from the African Development Bank (AfDB) to sustain business environment reforms. The review took place with the participation of representatives of the Development Bank of South Africa, the Netherlands Development Finance Corporation, the OPEC Fund Read more…
Seventy-four trainees from 26 African countries will join the continent’s community of climate finance experts after successfully completing a training program through the African Development Bank. Eighteen of the 74 graduates who emerged as top achievers qualified as trainers and Read more…
Green banks can help African nations mobilize finance to support climate resilience efforts. This is the position of a joint study by the African Development Bank and the Climate Investment Funds (CIF). The Bank engaged six countries in the study – Read more…
The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) is providing a $965,000 grant to Morocco’s Société d’Ingénierie Energétique (SIE), to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa. Morocco aims to meet Read more…
The quest for funding green projects in Southern Africa has received a boost following the launch of a €200m greenbond. This is an initiative of the Development Bank of Southern Africa (DBSA). A private placement with the French development finance institution, Read more…