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Category: ESG Africa
The European Investment Bank, the world’s largest multilateral bank, and Afreximbank, the pan-African multilateral financial institution, have joined forces to enhance healthcare and pharmaceutical investment across sub-Saharan Africa and strengthen...
The OPEC Fund for International Development (the OPEC Fund) is providing a US$25 million loan in support of the Niger Solar Plant Development and Electricity Access Improvement Project (RANAA), which...
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038. The new issuance was arranged...
In an official visit in Morocco, Neighbourhood and Enlargement Commissioner Olivér Várhelyi announced new cooperation programmes worth €624 million in total to support Morocco’s transition to green energy, enhance cooperation on addressing irregular...
The European Investment Bank. the world’s largest multilateral bank and leading global financier of renewable energy, will strengthen support for green hydrogen investment in Kenya. Thomas Östros, European Investment Bank...
To support the decarbonization of Senegal’s industrial sector, IFC announced a partnership with Sococim Industries, Senegal’s largest integrated cement manufacturer, which will boost low-carbon cement production, create jobs, and help...
TotalEnergies has signed Corporate Power Purchase Agreements with Sasol South Africa and Air Liquide Large Industries South Africa for the supply of 260 MW capacity of renewable electricity over 20...
Sasol has announced that it has established Sasol Ventures to advance Sasol’s decarbonisation and 2050 net zero ambitions through venture capital. It will invest €50 million over the next five...
The funding will allow AGGF to broaden its financing for climate-friendly projects in Africa The AfricaGoGreen Fund has made headlines with the announcement of its successful second fundraising close, securing...
First-of-its-kind purchase helps scale new, high-impact projects in Brazil, India, sub-Saharan Africa, and Southeast Asia that advance a just and inclusive energy transition Eight-year contract enables Salesforce to maintain its...
Ethiopia has signed a landmark agreement with the World Bank’s BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) that rewards community efforts to reduce carbon emissions by tackling deforestation and land and...
The World Bank has signed an agreement with four West and Central African nations worth $311 million to fund renewable energy projects. The funds will finance around 106 megawatts (MW)...
The SEFA grant will support the creation of an enabling environment for Electric vehicles (EVs), the design of EV business models and guidelines for the public and private sector The...
As Team Europe, the EU and its Member States will invest more than €280 million in grants in South Africa, including €87.75 million from the EU budget, to support policy...
Ghana has become the second country in Africa after Mozambique to receive payments from a World Bank trust fund for reducing emissions from deforestation and forest degradation, commonly known as REDD+. The...
United Arab Emirates renewable energy company Masdar and Ethiopia have signed an agreement for the joint development of a solar project with a capacity of 500 megawatts, Ethiopia’s prime minister...
The World Bank recently approved a US$15 million in credit from the International Development Association (IDA), the World Bank’s program for the poorest countries, to help expand access to affordable housing...
The project entails the design, construction, and operation of a greenfield solar photovoltaic (PV) plant with a capacity of 100 megawatts under a Build, Own and Operate (BOO) scheme The...
Existing and prospective electricity customers in Chad, Liberia, Sierra Leone, and Togo will benefit from the new Regional Emergency Solar Power Intervention Project (RESPITE) approved for a total amount of...
Harnessing Africa’s solar energy to produce 50 million tons of green hydrogen a year by 2035 can help secure global energy supply, create jobs, decarbonize heavy industry, enhance global competitiveness...
Zimbabwe has proposed incentives to accelerate 1,000 megawatts of privately owned solar energy projects worth about $1 billion, Finance Minister Mthuli Ncube announced on Monday, as the country scrambles to...
The SEFA grant complements existing facilities to mitigate the high risk associated with drilling activities and help attract commercial debt capital to finance the project The Board of Directors of...
Germany has pledged 82 million euros ($86 million) to Ghana in grants to support renewable energy and financial sector development, Ghana’s finance ministry said in a statement late on Thursday....
The package comprises up to €100 million from the African Development Bank and up to €25 million from the Africa Growing Together Fund The Board of Directors of the African...
Diageo Plc’s East African unit is using macadamia shells, sugar bagasse and coffee and rice husks to produce electricity at factories in Kenya and Uganda, helping it achieve net zero...
The High Ambition Coalition organized the session titled, Putting good quality adaptation finance in the spotlight at COP27 Germany has committed €40 million to the African Development Bank Group’s Climate...
This new bilateral loan facility from KDB will support mid-term liquidity as AFC works to deliver fast and sustainable solutions to close Africa’s infrastructure gap and unleash the continent’s prosperity...
The EIB is partnering with the citizen-engagement platforms on a focus group project asking 100 young people about their concerns around some of the major challenges facing the world today...
The project will directly benefit public institutions responsible for the pharmaceutical industry’s development The Board of Directors of the African Development Fund, the concessional lending arm of the African Development...
At COP27 in Sharm El Sheikh, Vice-President Ambroise Fayolle of the European Investment Bank and CEO Patrick Dlamini of the Development Bank of Southern Africa formally agreed EIB financing in...
The Alliance’s mission is to raise significant capital to accelerate Africa’s just and equitable transition to Net Zero emissions Alliance to raise up to $500 million of early-stage project preparation...
South Africa on Thursday released the terms of two climate loans for a combined 600 million euros ($596.7 million) from French and German development banks, saying they were substantially cheaper...
Nestlé has decided to partner with the Africa Food Prize to support its long-standing efforts to transform agriculture in the region. Like Nestlé, the Africa Food Prize aims to expand...
The UK was to grant £200m to the AfDB Group’s Climate Action Window, a new mechanism to channel climate finance The United Kingdom has announced a significant increase in its...
Namibia said at the COP27 summit on Tuesday that it had secured over 540 million euros ($544 million) in climate finance from the Dutch government and European Investment Bank. One of the...
Bank of America and CrossBoundary Energy are exploring opportunities with development finance institutions to structure a blended finance loan facility that will support CrossBoundary’s efforts to scale commercial and industrial...
The UK government will provide new funding to help Nigerian farmers adapt to the impact of climate change while improving productivity in Africa’s most populous country. The UK government is...
QNB Alahli participates in COP 27 hosted by Egypt in Sharm El Sheikh QNB Group, the largest financial institution in the Middle East and Africa, announced its participation in the 27th session of the United Nations Conference on Climate...
The World Bank Group Board of Executive Directors approved South Africa’s request for a $497 million project to decommission and repurpose the Komati coal-fired power plant using renewables and batteries. The project...
The governing board of the Climate Investment Funds, one of the world’s largest multilateral funds for climate action in developing countries, endorsed new investment plans set to allocate $1 billion...
The Norwegian, British and Finnish development finance arms have put $200 million into an African forestry fund, the organisations said on Wednesday, as part of a plan to invest in...
Standard arranges largest African sustainability linked deal Grit’s debt refinancing targets include gender equality Grit Real Estate Income Group Ltd. is raising as much as $306 million in a sustainability linked...
Sasol and ArcelorMittal South Africa have announced a partnership to develop carbon capture technology to produce sustainable fuels and chemicals, and green steel production through green hydrogen and derivatives. Under...
A growing number of African countries has introduced financial market policies related to environmental, social or governance issues, a study said on Thursday, as a global push to invest more...
Funds will bolster Rwanda’s defenses against climate change Rwanda also agrees to 36-month policy coordination instrument The International Monetary Fund agreed to lend Rwanda about $310 million under a new tool intended...
Possible model for other emerging nations Funds would mostly consist of concessional loans from leading nations Negotiators are racing to finalize terms ahead of COP27 beginning on Nov. 6 in...
CYNK will begin trade in Tamuwa biomass tokens this quarter CYNK plans regenerative agriculture, blue carbon credits Africa’s first verifiable emissions reduction platform, which uses a public decentralized ledger to...
Presidents of The Gambia, Seychelles and the Federal Republic of Somalia as Heads of State Keynote Speakers CFA Society New York, the local Society of the CFA Institute and leading...
ClimeCo, a leader in the management and development of environmental commodities, has partnered with Enaleia to remove plastic pollution from vital fishing areas. Enaleia is a non-profit that engages coastal communities to...
Sasol and ITOCHU Corporation have signed a MoU to jointly study and develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel...
Hisense has joined forces with FIFA, through its Football for Schools programme, to help increase environmental awareness among children in South Africa. Football for Schools, a global programme to make football...
Additional energy efficiency initiatives aim to maximise efforts to reduce the company’s reliance on the national grid and minimise impact on the environment Tiger Brands will soon begin rolling out...
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