11/20/2023
African countries told to establish carbon market to effectively reduce greenhouse gas emissions
The African Union within the AfCFTA could lead to the creation of a regional carbon market which can be utilized for selling carbon credits.
ESG
11/20/2023
Climate inaction to cost Kenya Sh3.7trn by 2050
Lack of interventions to mitigate against the effects of climate change
11/13/2023
Hundreds of activists demand plastic action in Kenya
Representatives from more than 170 nations will meet in Nairobi from Monday to negotiate what concrete measures should be included in a binding worldwide treaty to end plastic pollution
11/03/2023
Africa must build a new social contract for sustainable development – Claver Gatete
Mr. Gatete said to build a new social contract for Africa’s future, requires a focus on the levers for achieving the Sustainable Development Goals.
10/27/2023
Absa eyes Sh120 billion green lending portfolio
Absa says it is diversifying its portfolio and increasing funding and capital allocation to initiatives that support renewable and clean energy
10/18/2023
South Africa advances green hydrogen economy with BMW trial
South Africa is the world’s largest supplier of platinum group metals (PGMs) that are used in the electrolysis of water to split hydrogen and oxygen
10/12/2023
IFC loans Morocco's OCP $106mln to build two solar power plants
The two photovoltaic plants will be located in the mining areas of Khouribga and Benguerir with a combined capacity of 400 megawatts and a storage capacity of up to 100 megawatt-hours
10/11/2023
Kenya eyes green energy for baseload electricity by 2028
Kenya has for years relied on hydroelectricity as the baseload
10/05/2023
S.Africa's Standard Bank-funded solar plants to add 5% to grid by end-'24
The expected 5% of additional power to the national grid from the Standard Bank-funded projects awarded to companies last year is close to the shortfall in power demand and supply the country faces, a Reuters analysis showed.
09/20/2023
South African president calls on wealthy nations to meet financial pledges on climate
At UN General Assembly, Cyril Ramaphosa urges fulfillment of annual $100B pledge for climate action, calls for UN reform
09/18/2023
African banking industry urged to invest in carbon markets
The workshop also focused on carbon finance business models, the intricacies of financing clean cooking projects, and their associated risk-return profiles.
09/08/2023
Mozambique Plans Climate Announcement Worth Billions at COP28
An investment plan will be announced at COP28, Mataveia said.
09/08/2023
GFANZ Africa Network, African Development Bank Announce Climate Action Partnership
New partnership seeks to engage African financial institutions on climate transition planning and finance
09/07/2023
Africa Development Bank to mobilise $1bln to provide climate risk insurance
AfDB President calls for investments in renewable energy in Africa
09/07/2023
Inside the multi-billion dollar deals at Nairobi climate summit
The deals, some directly targeted at Kenya
09/06/2023
SA’s energy bounce-back scheme ‘too little too late’
Standard Bank, Absa, FNB and Nedbank confirmed as participants in the energy loan scheme.
09/06/2023
UAE announces $4.5bn initiative to support deployment of clean energy in Africa
The landmark initiative brings together Abu Dhabi Fund for Development , Etihad Credit Insurance, Masdar and AMEA Power among others
09/06/2023
COP28 plans $4.5bn funding for African clean energy
The announcement was made during a keynote address at the inaugural African Climate Summit in Nairobi, Kenya.
08/25/2023
Renewable energy offers Africa’s best opportunity to achieve the Sustainable Development Goals, experts say
The Bank also has several financing instruments, investment projects and departments dedicated to the sector that benefit all African countries.
08/22/2023
Nedbank Invests N$350,000 in National Green Hydrogen Project
The ministry will be responsible for guiding and carrying out the implementation of the green hydrogen vision for the country