Category: ESG Africa
In a move that reshapes how natural capital is financed, Rand Merchant Bank (RMB) has structured Africa’s first nature-linked, outcomes-based bond, tying investor returns directly to ecological restoration outcomes in...
A once-neglected urban scrap site is now a functioning hub of economic activity, where waste is being converted into income, safer jobs, and a more structured recycling ecosystem. Backed by...
The African Development Bank Group has approved $5.65 million in funding to pilot a new climate finance mechanism designed to unlock investment in some of Africa’s most challenging energy markets....
Greenpeace Africa has filed an amicus curiae brief before the African Court on Human and Peoples’ Rights, asking the court to formally recognise climate destruction as a violation of human...
The Green Climate Fund has approved $960.3 million in new financing for climate projects across developing economies, marking a significant expansion of its global portfolio beyond $20 billion. The latest...
The European Investment Bank has pledged more than €1 billion ($1.1 billion) to expand renewable energy infrastructure across Sub-Saharan Africa, strengthening international financing behind Mission 300, a global initiative aimed...
Egypt’s Financial Regulatory Authority (FRA) has mandated carbon disclosure and offsetting requirements for non-bank financial institutions, marking a significant shift in how environmental risk is integrated into financial oversight. Decision...
• Zambia and Zimbabwe will each contribute $220M to shore up the bankability of the $4.2B Batoka Gorge hydropower project• The 2,400 MW plant would provide 1,200 MW to each...
• British International Investment launches its first dedicated energy transition finance facility, providing $150 million to FirstRand.• Funding targets hard-to-abate sectors across Africa through RMB and FNB, offering transition loans...
• €15.5bn secured for Africa’s renewable energy expansion, led by the EU and South Africa• Commitments include 26.8 GW of new renewable capacity and electricity access for 17.5 million households•...
• The two countries signed an MoU to develop an Article 6.2-aligned carbon credit implementation agreement that will allow Singapore’s carbon-taxed emitters to offset up to 5 percent of their...
Kinshasa / Singapore / Belém, November 2025 The Ministry of Environment, Sustainable Development and the New Climate Economy of the Democratic Republic of Congo (DRC), in collaboration with the Ministry...
Malawi Debuts World’s First AI-Enabled Paris Agreement Integrated Platform at COP30 The First-of-Its-Kind Environmental Treasury Puts Artificial Intelligence at the Center of this Year’s Climate Talks Belém, Brazil/India/Singapore, 15 November...
Sayari Earth has entered a research partnership with Stellenbosch University’s School for Climate Studies to investigate how mobile biochar production can simultaneously restore ecosystems, capture carbon, and open new economic...
Octopus Energy Generation has launched a $60 million fund—its first dedicated to Africa—to drive transformative investment in clean energy infrastructure across Sub-Saharan Africa. Unveiled at the Africa Energy Forum in...
Africa is positioning itself as a frontrunner in global carbon markets, with the launch of the Africa Carbon Support Facility (ACSF) at the African Development Bank Group’s high-level dialogue on...
The Bank of Mauritius has entered a strategic partnership under the SUNREF – Cap sur la Finance Durable programme to strengthen its sustainable finance framework. Backed by the Agence Française...
At the World Economic Forum’s Africa House, Daniel Barankin, CEO of capital markets platform 6ix, made a compelling case for transitioning Africa’s financial foundation from debt to equity. Drawing from...
At the 2025 World Economic Forum in Davos, South African tycoon Dr. Iqbal Survé, founder of Sekunjalo Group, unveiled a $2 billion AI chip design startup poised to compete with...
Verra has officially registered the Tond Tenga project in Burkina Faso, the first initiative to use a Verified Carbon Standard (VCS) methodology approved under the Integrity Council for the Voluntary...
In an ESG News exclusive interview with Africa House Co-Founder Mamadou Toure at the World Economic Forum (WEF), highlighted Africa’s Strategic vision for economic development. The interview was conducted at...
European Commission President Ursula von der Leyen announced a €4.7 billion Global Gateway investment in South Africa at the EU-South Africa Summit in Cape Town today. This marks the initiation...
Game-changing carbon finance: UpEnergy, a social enterprise focused on climate finance and energy poverty reduction, has issued Africa’s first-ever electric cooking carbon credits under Gold Standard’s new Methodology for Metered...
Morocco’s government committee has approved major green hydrogen projects valued at 319 billion dirhams ($32.5 billion), aligning with its push for renewable energy dominance and European export goals. Who’s Involved...
Climate Fund Managers (CFM) and Infinitum Energy Group have secured $3.1 million in development funding from CFM’s EU-backed Climate Investor Two Fund to co-develop a waste-to-energy project in Freetown, Sierra...
In a monumental achievement for global reforestation and climate action, the founder Jimi Cohen of TreeGens has officially broken the Guinness World Record for the most trees planted in a...
Masdar, TotalEnergies, and EPointZero have signed a Framework for Action (FFA) to drive clean energy expansion in Africa and Asia, reinforcing UAE-France business cooperation. Strategic Collaboration The agreement, signed on...
Investec has successfully closed financing for SolarAfrica’s SunCentral 1, securing the first 114 MW of the company’s utility-scale solar farm in the Northern Cape. The deal, valued at R1.8 billion,...
Sasol, Anglo American, and De Beers have entered into a Joint Development Agreement (JDA) to pilot the production of feedstock for renewable diesel. Signed on February 4, 2025, during the...
The Johannesburg Stock Exchange (JSE) is revamping its Sustainability Disclosure Guidance to reflect the finalized IFRS S1 and IFRS S2 standards issued by the International Sustainability Standards Board (ISSB) and...
The Climate Investment Funds (CIF) board has approved a $37 million investment plan to protect Ethiopia’s rural communities from climate-related shocks and safeguard its carbon-rich forests. With $492 million in...
Strategic Partnership for Forest Conservation Eni has signed a landmark agreement with Côte d’Ivoire’s Ministry of Water and Forests to protect and restore 14 forests across a total area of...
At COP29 in Baku, Azerbaijan, IBM and Sustainable Energy for All (SEforALL) announced new AI-powered tools designed to guide sustainable urban development globally. These tools, launched as part of the...
The World Bank Group and partners launched the Sustainable Finance Knowledge Center for Francophone Africa. This virtual platform, available in English and French, is designed to empower companies and financial...
Kenya has taken a significant step forward in its climate goals by becoming the first African nation to develop a national REDD+ registry, designed to track carbon credits aimed at...
The EU and Angola have officially launched the Sustainable Investment Facilitation Agreement (SIFA), marking a significant step in fostering sustainable economic growth. This is the first-ever investment facilitation agreement by...
The Pan African Federation of Accountants (PAFA) has taken a significant step forward by officially approving the establishment of a Centre of Excellence (CoE) for Sustainability. This strategic initiative is...
Seriti Green has embarked on a monumental R25 billion wind farm project in Mpumalanga, marking the first phase with the 155MW Ummbila Emoyeni facility. This development is set to transform...
The Project Phase 1, which targets to replant Portulacaria afra thicket across 10,000 hectares, is being funded under a syndicated senior secured stream agreement, led by Mirova, an affiliate of Natixis Investment...
Largest single private-sector digital investment in Kenya’s history will support economic development across East Africa Microsoft Corp. and G42 on Wednesday announced a comprehensive package of digital investments in Kenya,...
A staff team from the International Monetary Fund (IMF) led by Charalambos Tsangarides, IMF mission chief for Tanzania, held meetings in Dodoma and Dar es Salaam from May 2 to...
At the the Africa Regional Forum on Sustainable Development (ARFSD), SUCCA Africa announced that they have taken a significant step towards supporting West African businesses in their transition to net...
Acre Impact Capital, a pioneering private-debt impact investment manager, announces the successful first closing of its Export Finance Fund I. With commitments nearing US$100mn and a robust target of US$300mn,...
OCP Group, a global leader in plant nutrition and phosphate-based fertilizers, and Fortescue Energy, part of global green energy, metals and technology company Fortescue Ltd (Fortescue), announced a landmark Joint...
A new World Bank program is set to strengthen and expand the electricity network, improve sector financial viability, and enable renewable energy generation through private sector participation in Ethiopia. Ethiopia...
President Bola Ahmed Tinubu has affirmed Nigeria’s commitment to diligently implement world-leading sustainability reporting standards aimed at unlocking capital investments, transforming business models, and safeguarding the environment in the country....
British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, today announced a US$ 100 million finance facility with the Eastern and Southern African Trade and Development...
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...
The World Bank approved a $100 million credit to strengthen Zambia’s nature-based economy and increase economic opportunities in emerging tourism destinations in the country such as Liuwa Plains National Park,...
Eni signed a memorandum of understanding with Libya with the aim of studying and identifying opportunities to reduce greenhouse gas emissions and develop sustainable energy in the country, in line...
RMI’s Energy Transition Academy accelerates action to advance distributed energy resources (DERs) in collaboration with the Lagos Energy Academy (LEA) and the Nigerian Electricity Regulatory Commission (NERC). NERC Commissioner, Dr...
Official logo of ESG News (C) 2025