Category Sustainability

South Africa: African Development Bank approves $1 billion guarantee from the United Kingdom to support SA’s Just Energy Transition

ABIDJAN, Ivory Coast, December 10, 2023/ — The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $1 billion guarantee program in collaboration with the UK Foreign Commonwealth and Development Office (FCDO), which will allow the…

Conference of the Parties (COP28): Multilateral development banks publish first common principles for nature-positive finance

LUXEMBOURG CITY, Luxembourg, December 9, 2023/ — New principles will guide multilateral development banks’ support for countries and the private sector in implementing the Kunming-Montreal Global Biodiversity Framework; For the first time, multilateral development banks define common principles and the criteria for…

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

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…

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

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…

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

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…

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

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…