COP29: Lack of Clean Cooking Access Poses Deadly Risks for Millions in Africa, Leaders Urge Action
African policymakers and international partners meeting at this year’s UN Climate Change Conference, COP29 on Tuesday highlighted the urgent crisis posed by lack of access to clean cooking, a challenge impacting 1.2 billion people across Africa and leading to millions of premature deaths annually.
Central African Republic: African Development Bank grants Ecobank €5 million Trade Finance Transaction Guarantee Facility to support local businesses and SMEs
The African Development Bank Group’s Board of Directors has approved a €5 million Trade Finance Transaction Guarantee Facility for Ecobank Centrafrique. This facility, signed off on October 31, allows the Bank to provide up to 100 percent guarantees to confirming banks against non-payment risks on Letters of Credit and similar trade finance instruments issued by Ecobank Centrafrique for local businesses and SMEs.
African Development Bank Invests $55 bln to Bolster Economic Integration Across Africa
The African Development Bank Group has invested $55 billion in regional connectivity across Africa over the past decade, demonstrating its commitment to enhancing continental integration and trade.
Climate Investment Funds Capital Markets Mechanism announces bond listing on LSE to boost climate finance for Africa
The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme(link is external) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world.
Côte d'Ivoire: African Development Bank grants loan of over €24 million to improve fisheries and aquaculture sectors, benefitting some 700,000 people
The Board of Directors of the African Development Bank Group approved a loan of €24.63 million to Côte d'Ivoire to boost the development of fisheries and aquaculture value chains. This funding will enable the country, which has been undergoing rapid growth, to increase the sector's contribution to the blue economy, both nationally and locally.
Joint Meeting of the Energy and Hydrocarbons Ministers of the ECOWAS Member States, Extended to Include Morocco and Mauritania, on the Nigeria-Morocco African Atlantic Gas Pipeline Project
The ECOWAS Ministers of Energy and Hydrocarbons extended to Morrocco and Mauritania have adopted the version of the intergovernmental Agreement (IGA) and the Host State Agreement (HGA) revised by experts, as well as the Framework Document for the establishment of the ECOWAS Renewable and Energy Efficiency Facility (EREEEF).
Benin: €635.5 Million Package to Drive Growth, Strengthen Climate and Social Resilience
The World Bank approved on the 31st of October of this year a €635.5 million International Development Association (IDA)* financing package to support the Government of Benin's efforts to strengthen private sector-led growth, boost domestic revenue collection, and strengthen social and climate resilience.
Tanzania marks record agricultural achievement as African Development Bank President Adesina urges investment in Africa
Tanzania is setting new benchmarks in food self-sufficiency across Africa, raising hope that the fight against hunger and malnutrition on the continent is achievable.
President Samia Suluhu Hassan of Tanzania said her country had reached 128 percent food security and is now exporting surplus to neighbouring countries.
Mozambique: African Development Bank approves $54 million loan for Mozambique’s first wind energy project
The Board of Directors of the African Development Bank has approved a loan of $54 million for a 120 MW onshore wind farm that will help position Mozambique as a regional energy hub.
Japan boosts African Development Fund with JPY 51.67 billion concessional loan
The African Development Bank Group and the Japan International Cooperation Agency (JICA) have signed a landmark 51.67 billion Japanese yen (US$421 million) concessional donor loan (CDL) agreement towards the African Development Fund.