Category: Middle East/Asia

Youth-led African enterprises awarded $800,000 at Conference of the Parties (COP28) for climate solutions

Mr Mohammed

DUBAI, United Arab Emirates, December 5, 2023/ — Eight dynamic African young women-led businesses emerged as winners of the 2023 YouthAdapt challenge. Each business will receive grant funding of up to $100,000. They will also receive a comprehensive mentorship and coaching as part of a 12-month accelerator program. Since its launch in 2021, the YouthADAPT initiative (https://apo-opa.co/49ZU0zH) has provided more than $5 million to 33 young entrepreneurs from 19 African nations. Jointly organised by the African Development Bank Group and the Global Center on Adaptation (https://GCA.org), supported by the Africa Climate Change Fund (https://ACCF.AfDB.org),…

Strengthening African Islands States’ Climate Resilience: President Ramkalawan chairs the AISCC Ministerial Dialogue at COP28

Mr Mohammed

04th December 2023 In the midst of the bustling COP28 in Dubai, a significant event unfolded at the Seychelles Pavilion—the Ministerial Dialogue of the African Union Commission (AUC) in partnership with the African Islands States Climate Commission (AISCC). Seychelles as the Chair of this commission organized this gathering to enhance collaboration among African Island nations and chart a strategic course to amplify the visibility and communication efforts of the AISCC. President of the Republic of Seychelles and Chair of the AISCC, His Excellency President Wavel Ramkalawan, reiterated Seychelles’ dedication to…

African Development Bank with other multinational development banks commits to boost collaboration on climate and development

Mr Mohammed

DUBAI, United Arab Emirates, December 3, 2023/ — Multilateral development banks attending the 2023 UN Climate Change Conference (COP 28) today affirmed their commitment to a concerted, global action, including increasing co-financing and private sector engagement to address climate change, felt acutely in Africa. Despite contributing the least to global warming and having the lowest emissions, Africa faces existential risks due to catastrophic impact of climate change. Perennial droughts in the Horn of Africa and recent devastating floods in Libya, Malawi, Mozambique, Zimbabwe and other parts of the continent have claimed thousands…

Conference of Parties (COP28): Global and African partners pledge $175m to the Alliance for Green Infrastructure in Africa (AGIA)

Mr Mohammed

DUBAI, United Arab Emirates, December 3, 2023/ — In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent. The new pledges will also advance AGIA towards its first close of $500 million of early-stage project preparation and development blended capital. The Alliance is a partnership of the African…

Nigeria Launches Long Term Low Emission Development Strategy At COP28

Mr Mohammed

Nigeria has achieved what looks like another major milestone in her effort to achieve a net zero carbon economy by 2060 by launching its Long-Term Low Emission Development Strategy on Friday, December 1, 2023, at COP28 in Dubai, UAE. The event, which was graced by dignitaries and delegates from different countries around the world, was held at the African Pavilion in the Blue Zone and was moderated by Professor Chukwumerije Okereke, Director of the Centre for Climate Change and Development, AEFUNAI, and Dr Eugene Itua, Executive Director of the Natural…

President Ramkalawan addresses the 28th session of the Conference of Parties of UNFCC World Climate Action Summit

Mr Mohammed

02nd December 2023 1st December 2023, Dubai UAE: The President of the Republic of Seychelles, Mr. Wavel Ramkalawan during his address at the Twenty-eighth session of the Conference of Parties of UNFCC (COP28).to which he led a Seychelles delegation, highlighted the urgency for collective action and the need for commitments made to be honoured as part of efforts to mitigate the heightened threats of climate change particular vis-à-vis Small Island Developing States (SIDS) like Seychelles. “In our shared pursuit of a sustainable future, the urgency of our deliberations here in Dubai cannot be overstated. As parties to the convention, we committed to deliver on commitments such as the USD100 billion promise,…

COP28: Who are the big name attendees?

Mr Mohammed

BY MARISHA SINGH NOVEMBER 30, 2023 Representatives of 197 countries who are ‘parties’ to the United Nations Framework Convention on Climate Change (UNFCCC) will participate at COP28 The United Nations’ Conference of Parties ’28’ (COP28) has begun in Dubai, UAE. The conference, starting on November 30 until December 12, will see heads of states, governments and representatives attend the event. From CEOs to presidents, from investors to monarchs, celebrities to climate activists and advocates, spiritual leaders to indigenous leaders, are among the 97,000 delegates who have registered to be in attendance…

COP28 UAE kicks off, as global climate action takes centre stage

Mr Mohammed

BY GULF BUSINESS NOVEMBER 30, 2023 Leaders must deliver in Dubai – the message is clear, said UN Climate Change executive secretary Simon Stiell on the eve of COP28 The United Nations Climate Change Conference COP28 opens today, with a strong call to speed up collective climate action. The conference takes place in the hottest year ever recorded in human history COP28 will run from November 30 to December 12 at Expo City Dubai, offers a global platform to agree on climate commitments and curb the worst impacts of climate change,…

Global Milestone: CIBAFI Announces, in conjunction with COP28, Adoption of Islamic Sustainability Roadmap in Collaboration with IFSB and AAOIFI

Mr Mohammed

30th November 2023, Abu Dhabi, UAE | The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global body of Islamic finance, is delighted to announce the adoption of a comprehensive roadmap for Islamic Sustainability. This roadmap was developed in collaboration with the Islamic Financial Services Board (IFSB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), with coordination from the Central Bank of the UAE. The adoption ceremony took place at the headquarters of Central Bank of the UAE. In alignment with COP28, this roadmap underscores CIBAFI’s commitment, alongside other key infrastructure organizations, to enhance…

Islamic Development Bank Institute Joins Forces with Nigerian Exchange Limited to Boost Islamic Capital Markets in Nigeria

Mr Mohammed

LAGOS, Nigeria, November 28, 2023/ — The Islamic Development Bank Institute (IsDB Institute) (https://IsDBInstitute.org) joined forces with the Nigerian Exchange Limited (NGX) to deliver an influential Islamic capital markets capacity-building workshop in Lagos, Nigeria. Organized under the theme “Economic Growth and Business Development Opportunities through the Islamic Capital Markets”, the workshop aimed to contribute to deepening the Nigerian capital markets through the listings and issuances of Islamic financial instruments. The workshop was held on 21 November 2023 and attracted 90 participants from across the Nigerian economic and financial sector. These…