Saturday 28th November 2020
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Tag Archives: African Development Bank (AfDB)

AfDB approves $120m loan to build Malagarasi hydropower project in Tanzania

Akinwunmi Adesina

The African Development Bank (AfDB) has approved a $120 million loan to fund the construction of a 50 MW hydropower plant in western Tanzania. AfDB president, Akinwunmi Adesina When operational, the plant will provide reliable renewable energy to households, schools, clinics and small- and medium-sized enterprises in the Kigoma Region. The Malagarasi Hydropower project has several components: a run-of-the-river hydropower ...

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Investing in WASH Africa is key to achieving Sustainable Development Goal 6 – AfDB

Wambui Gichuri

Investing in the water and sanitation (WASH) sector in Africa is crucial to achieving the UN Sustainable Development Goal 6, which calls for universal access to clean water, sanitation and hygiene. Wambui Gichuri, the AfDB’s Director for Water Development and Sanitation This indication was given by the African Development Bank’s Acting Vice President for Agriculture, Human and Social Development, Wambui ...

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AfDB, partners agree to strengthen commitment to gender equality

Vanessa Moungar

The African Development Bank (AfDB) and partners have agreed to strengthen their commitment to gender equality. AfDB Director for Gender, Women and Civil Society, Vanessa Moungar The agreement is on the theme: “Development Banks as Actors for Change towards Gender Equality.” AfDB Director for Gender, Women and Civil Society, Vanessa Moungar, joined high-level representatives from global financial institutions and UN ...

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Finance in Common Summit: Groups call on public banks to support people, planet

Civil society - AfDB

Some 450 public development banks and financial institutions that control approximately $2 trillion in public money all over the globe are this week gathering for the first time to discuss actions to ensure a just recovery from Covid-19 and towards a transition to better and more sustainable economic systems for all. Civil society officials handed over a joint civil society ...

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Environmentalists task AfDB on financing climate friendly policies

Akinwunmi Adesina

Environmentalists have urged the African Development Bank (AfDB) to take more committed and decisive leadership role in fighting the climate crisis threatening  half of the globe’s Gross Domestic Product (GDP). AfDB president, Akinwunmi Adesina The environmentalists, under the African Climate Reality Project, a climate diplomacy organisation, made the call in a statement signed by its Communications Officer, Ms Nicole Rodel. ...

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Are AfDB’s financing policies climate-friendly?

Akinwunmi Adesina

With the climate crisis threatening over half of the global GDP, there can be no business-as-usual when the world begins to plan for a recovery from the COVID-19 pandemic. Instead, we have a unique opportunity to change our relationship with nature by shifting our development pathway to one that is equitable and sustainable. Development Finance Institutions may be the “visible ...

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AfDB to train 80 Africans on climate finance

Akinwunmi Adesina

The African Development Bank (AfDB) has selected representatives from 80 government institutions, civil society organisations and universities for training as experts in developing climate financing proposals. AfDB president, Akinwunmi Adesina According to a statement from the bank on Friday, October 30, 2020, the selection followed a thorough and independent process, with 40 of the nominees from English speaking countries and ...

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AfDB approves emergency relief to clean-up Mauritius marine oil spill

Mauritius spill

The Board of Directors of the African Development Bank (AfDB) on Wednesday, September 17, 2020 approved a $500,000 emergency assistance grant to support international recovery efforts after a significant oil spill earlier this year off the coast of Mauritius. The Mauritius oil spill The funding, to be sourced from the Special Relief Fund, will complement ongoing activities by the government of Mauritius, ...

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GCA Africa launch described as ‘historic moment to accelerate adaptation’

Ban Ki-moon

The Global Centre on Adaptation (GCA) on Wednesday, September 16, 2020 announced the launch of its regional office in Côte d’Ivoire. Ban Ki-moon, Co-Chair of the Board of the GCA and 8th Secretary-General of the United Nations Hosted by the African Development Bank (AfDB) at its headquarters in the Ivorian capital Abidjan, GCA Africa will work with partners across the ...

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Climate change: Experts advocate collaboration to address severe threats

Al Hamndou Dorsouma

Climate change experts have called for greater collaboration among funders to address the severe threat that climate change poses to Africa’s development. AfDB Manager of Climate and Green Growth, Al Hamndou Dorsouma The experts made the call at the virtual session of the 2020 Global Philanthropy Forum organised by the African Development Bank (AfDB) on Wednesday, September 16, 2020. The ...

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