12/04/2023
African Development Bank with other multilateral development banks commit to boost collaboration on climate and development
The banks also expressed support for various sectors
ESG
12/04/2023
COP 28: African Development Bank’s $1 billion insurance facility to protect millions of farmers in Africa
The successful roll out of the facility will depend largely on partnerships such as the World Food Programme to deliver services to clients.
12/04/2023
AfDB kicks off creation of four green banks in Africa
The African Green Bank Initiative is an initiative by the multilateral lender as a workable and realistic solution to the lack of climate finance in the continent.
12/04/2023
Ethiopia signs $600mln wind farm deal with UAE'S AMEA Power
The Horn-of-Africa nation is turning to renewable energy to boost electricity coverage, which stood at 50% of the population in 2020 according to the World Bank, leaving 60mln people outside of the grid
11/30/2023
UK government invests R125 million in South African wind farms
The farms are part of a three-project cluster that is being co-developed by South African renewable energy developers H1 Capital and EDF Renewables.
11/27/2023
Access Bank partners Asolar to power up Nigerian SMEs and rural communities with eco-friendly energy solutions
The products, which included solar-powered TV sets, Air Conditioners, and PoS machines, among many others, were launched on Tuesday at the Access Bank Branch in Garki, Abuja.
11/23/2023
Union Bank Signs $500m Renewable Energy Deal with Germany’s DWS
An integral aspect of this deal is its contribution to processing approximately 50 million cubic feet per day of natural gas that would otherwise be flared.
11/22/2023
Standard Bank’s big conflict of interest as top 5 SA banks lag in climate risk race
For Nedbank, the “How Cool is Your Bank” report cites Stanley Subramoney, who is also independent non-executive director at Sasol, as being potentially conflicted.
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.
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.