Category: ESG Africa
Konexa, a UK-based integrated energy development and investment platform has achieved financial close on a combined USD 18 million investment from climate-centric blended finance fund manager Climate Fund Managers (CFM)...
In line with High Royal Directives, Morocco’s Head of Government Aziz Akhannouch issued a decision on Monday outlining the implementation of the “Morocco Offer” for the development of the green...
Hive Hydrogen South Africa has signed an agreement with Genesis Eco-Energy to implement 372MW of wind power in the Western Cape, to support the development of its Green Ammonia project...
Tanzania has activated the first turbine of its highly anticipated Julius Nyerere Hydropower Plant, marking a significant step towards doubling the country’s electricity generation capacity. Despite concerns from conservationists about...
ADNOC and bp announced that they have agreed to form a new joint venture (JV) in Egypt. The JV (51% bp and 49% ADNOC) will combine the pair’s deep technical...
The World Bank has extended a facility of close to $300 million to the Eastern and Southern African Trade and Development Bank (TDB), to support distributed renewable energy (DRE) and...
The Trust Fund Committee of the Climate Investment Funds (CIF) endorsed a $70 million plan, with an initial allocation of $46.39 million, to advance the integration and utilisation of renewable...
IEA Executive Director Fatih Birol addressed heads of state and government from African countries and around the world on the importance of secure and sustainable energy supplies in underpinning economic...
Goldman Sachs and International Finance Corporation expand partnership.First French language offering of highly successful 10,000 Women online curriculum. Goldman Sachs and the International Finance Corporation (IFC) announced the expansion of their partnership...
By converting 1 000 tonnes of food waste into animal feed over the past six months, the Shoprite Group is providing enough fodder for up to 3 000 cattle daily...
Eni announces the introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters. Gas introduction has been achieved in record time– only twelve months after the final investment decision. This is a key...
SDG Namibia One Fund, Namibia’s dedicated green hydrogen blended finance vehicle and the designated funding partner to Government of Namibia’s green hydrogen initiatives (the “Fund” or “SDG Namibia One”), and...
At the core of this partnership is the drive to enhance food preservation, reduce food waste in African markets, and improve global market accessibility for producers.United Nations Industrial Development Organization...
Energy Transition Plan lays out roadmap for Uganda to sustainably develop its energy sector, meet its climate targets, deliver universal energy access and realise widespread economic benefits Uganda’s Ministry of...
Nedbank launches R2,1 billion Green Private Power Tier 2 Bond − fuelling private sector renewable energy growth in South Africa Nedbank, a pioneer in sustainable finance solutions, has announced the...
The German government has pledged to invest €4 billion in African green energy projects until 2030. The announcement was made by Chancellor Olaf Scholz at the G20 Compact with Africa...
Within just two years, the largest clean energy power plant of South Africa has emerged out of nothing on the vast wilderness in Northern Cape. It is the 100MW Redstone concentrated solar thermal...
Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced that it aims to allocate up to US$50...
The third session of the Intergovernmental Negotiating Committee to develop an international legally binding instrument on plastic pollution, including in the marine environment (INC-3), opened in the Kenyan capital, Nairobi. INC-3 members will start negotiations on...
The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed 14 new development loan agreements worth $580m with 12 African ministers to fund projects in Angola, Burkina...
Namibia charted a way to making global history as the first country to develop the world’s first industrial production of iron at zero emissions. This follows the groundbreaking ceremony of...
An International Monetary Fund (IMF) team, led by Ruben Atoyan, visited Kigali during October 17–31, 2023, to discuss the authorities’ policy priorities and progress on reforms within the context of...
As my girlfriend, Taryn, and I set foot on the picturesque Waterford Estate, nestled within the breathtaking Blaauwklippen Valley of Stellenbosch, South Africa, We were immediately struck by the beauty...
The livelihoods of over half a billion people in the Middle East and North Africa (MENA) are under threat, as current projections indicate a 4C increase by 2050. A new...
The European Investment Bank (EIB) has pledged €1 billion over the next three years to Morocco’s post-earthquake reconstruction programme which will mobilise €12 billion by 2028. This financing is completely...
More than five million shoes will be produced annually with a revolutionary design that combines performance function, environmental sustainability, and disease protection. World Shoe announced the opening of its inaugural...
Sasol, Toyota South Africa Motors (TSAM), and Air Products South Africa (APSA) made history at the Smart Mobility Africa Summit, at the Gallagher Convention Centre, in Johannesburg with the presentation...
The OPEC Fund for International Development (the OPEC Fund) is supporting food security in Egypt with a US$10 million contribution to a US$200 million syndicated trade finance facility with the...
Tanzanian Bank NMB is launching a 10-year multi-currency medium-term bond worth 1 trillion Tanzanian shillings ($400 million) as part of a green bond initiative. The bond is the first of...
President Nana Akufo-Addo unveils country’s roadmap for green growth and decarbonizing key economic sectors developed by Government of Ghana and SEforALL His Excellency Nana Akufo-Addo, President of the Republic of Ghana, launched the country’s new...
If you’re en route to South Africa for the upcoming ESG Africa Conference and the highly anticipated Morningstar Investment Conference South Africa 2023 , why not indulge in a captivating detour...
Funding will enable locally led restoration of 600,000 hectares critical for climate and livelihoods The Bezos Earth Fund announces $22.8 million to accelerate the restoration of two African landscapes critical...
The United Arab Emirates (UAE) has committed $4.5 billion to significantly scale up renewable energy development in Africa to 15 gigawatts (GW) by 2030. The initiative is the first of...
Kenyan telecoms firm Safaricom has secured a $102.95 million loan from a consortium of domestic banks to fund environmentally sustainable projects. Namely – Standard Chartered Bank Kenya (SCBK.NR), Stanbic Bank, ABSA...
The Africa Carbon Markets Initiative (ACMI) has drawn hundreds of millions of dollars in pledges from governments, businesses, and financial institutions, as African leaders seek to mobilize climate finance for...
Ride-hailing giant Uber has launched an electric motorbike service in Kenya, its first in Africa. The move is part of the company’s goal of making its global platform emissions free...
IFC provided record financing in Africa in fiscal year 2023, helping to accelerate the continent’s energy transition, develop greener manufacturing, increase intra-Africa trade, strengthen smaller businesses, and boost local food...
Vision 2050 Forestry (VTF) has announced David R. Waite, co-founder of WatersMark, as its newest Director and Member of the Board, effective immediately. Waite is joining VTF in the retirement...
As South Africa continues to grapple with the pressing issue of load-shedding, BLUETTI, a leading clean energy storage company, has come forward with effective solutions to allow individuals and businesses...
High-level “Unstoppable Africa” event on 21-22 September in New York will convene African leaders, CEOs, investors, entrepreneurs and artists The Global Africa Business Initiative (GABI), the leading platform for promoting...
A $436 million “debt-for-nature” swap by Gabon to fund marine conservation has backers hoping for more such money-saving environmental deals, but some investors still see room for improvement in the...
To support the development of certified green buildings in South Africa, IFC announced a partnership with Absa Bank Limited to help the bank expand its residential and commercial loans and...
IFC is joining forces with the Banking Association South Africa (BASA) to help increase climate finance in the country and pave the way for a transition to a low carbon...
To improve the quality of infrastructure at Cabo Verde’s seven airports, and help them reduce greenhouse gas emissions, IFC announced a sustainability-linked financing package for Cabo Verde Airports SA, a...
Addressing the urgent need for climate infrastructure investment Export finance delivers long-term debt financing guaranteed by official export credit agencies. Export finance allows project sponsors to significantly reduce the cost...
LeapFrog Investments, the Profit with Purpose firm, plans to commit US$500m to companies combating climate change in Africa and Asia, providing green tools and technologies to 50 million low-income people....
Fifty years ago, Plant Rosslyn was the BMW Group’s first foreign facility. It has since become a mainstay of the global production network. To mark its silver jubilee, Milan Nedeljković,...
Germany and South Africa on Tuesday agreed to cooperate on green hydrogen projects in the latest bid by Europe to tap into Africa’s huge renewable resource potential to meet 2050...
During the visit of Prime Minister Mark Rutte from the Netherlands and Prime Minister Mette Frederiksen from Denmark to President Cyril Ramaphosa, a Heads of Agreement has been concluded with...
Commissioner for International Partnerships, Jutta Urpilainen, announced the resumption of budget support for Zambia and launched three programmes worth €110 million under Global Gateway. The announcement was made alongside President Hakainde Hichilema...
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