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African Development Bank Group (AfDB)

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    • (left)Celeste Saulo, Secretary-General World Meteorological Organization Co-Chair SOFF Steering Committee and AfDB VP Kevin Kariuki SOFF and the Bank agreed to strengthen collaboration on the provision of early warning systems on the continent. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank, Systematic Observations Financing Facility (SOFF) sign Letter of Intent to support Africa’s low-income countries to achieve effective multi-hazard early warning systems

Both organizations are committed to providing resources to support the activities outlined in the Letter of Intent

The African Development Bank Group (www.AfDB.org) and the Systematic Observations Financing Facility (SOFF), a United Nations Multi-Partner Trust Fund, today signed a letter of intent to strengthen collaboration on the provision of early warning systems in the continent’s most vulnerable countries. The agreement, signed on the margins of the 29th…

Symposium of Episcopal Conferences of Africa and Madagascar (SECAM)
Source: Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) |

Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) urges African leaders and the international community to fulfill their commitments to climate justice

As COP29 takes place in Baku, Azerbaijan, from November 11 to 22, 2024, world leaders are urged to maintain the momentum established at COP28

The Justice, Peace, and Development Commission of SECAM (www.SECAM.org), in collaboration with its Environment and Climate Change Working Group, is urging African leaders and the international community to prioritise public investment, improve energy infrastructure, and fulfill their commitments to climate justice and funding. These actions are vital for meeting the…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Speech Delivered by Dr. Akinwumi A. Adesina, President and Chairman, Boards of Directors, African Development Bank Group at the High-Level Event, 29th Conference of the Parties (COP 29) “Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa”

When the value of Africa’s vast forest and environmental services, and natural capital, are properly valued, the size of its rebased GDP taking this into account will be much higher

Your Excellency, President Sassou Nguesso, President of the Republic of Congo Your Excellencies, Heads of State and Government Your Excellencies, Vice Presidents, Prime Ministers Your Excellencies, ladies and gentlemen. I wish to thank you all for taking the time to be here today for the Heads of State High-Level Dialogue…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina (far left) with UK PM Keir Starmer, CIF CEO Tariye Gbadegesin, World Bank President Ajay Banga at COP 29. Baku, November 2024
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Source: African Development Bank Group (AfDB) |

Climate Investment Funds Capital Markets Mechanism announces bond listing on London Stock Exchange (LSE) to boost climate finance for Africa

First time a multilateral climate fund will use the strength of its balance sheet to unlock urgently needed climate finance – Dr. A Adesina, African Development Bank President

The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme (https://apo-opa.co/3CsQ7qw) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world. The announcement was made on Tuesday 12 November, at a…

Afreximbank

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    • Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development
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Source: Afreximbank |

Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development

A primary objective of the Bank will be to advocate for the swift operationalization of the Loss and Damage Fund, which provides financial support to countries suffering from climate-related losses

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is participating at COP29 in Baku, Azerbaijan, where it is doubling-down on its commitment to facilitating a just energy transition for Africa that supports the continent’s critical development needs and unlocks its economic potential. The Bank’s participation will align with the African Union’s Nairobi Declaration…

Office of Climate Change and Circular Economy (OCCE)

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    • We embarked on an incredible journey just a few months ago driven by a vision to further sustainability and weave it into the very fabric of livelihoods in Lagos State. On Saturday that vision is taking shape
    • Lagos State, Africa’s Leading Megacity, Partners with Access Bank and Carbonivity to Accelerate Climate Investment at Conference of the Parties (COP29) (1)
    • Lagos State, Africa’s Leading Megacity, Partners with Access Bank and Carbonivity to Accelerate Climate Investment at Conference of the Parties (COP29) (2)
    • Panel Session Highlights from Economy Lagos During our policy and market panel session at the ECONOMY Lagos program we delved into the immense potential of the circular economy sector highlighting key insights
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Source: Office of Climate Change and Circular Economy (OCCE) |

Lagos State, Africa’s Leading Megacity, Partners with Access Bank and Carbonivity to Accelerate Climate Investment at Conference of the Parties (COP29)

The Lagos State Government is leveraging this opportunity to attract climate finance and establish strategic partnerships that will transform its approach to urban resilience and green growth

The Lagos State Government, through its Office of Climate Change and Circular Economy (OCCE) (https://OCCELagos.org), has announced a strategic partnership with Access Bank (www.AccessBankPLC.com), a leading African financial institution, and Carbonivity (https://Carbonivity.com), a leading carbon asset development firm, to drive climate investment at the 29th United Nations Climate Change Conference (COP29) in Baku,…

EU-Africa Chamber of Commerce (EUACC)

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    • 29th Conference of the Parties (COP29): The EU-Africa Chamber of Commerce to host a panel discussion on Access to Finance & Sustainability at the Côte d'Ivoire Pavilion on 14th November at 3:30pm (1)
    • 29th Conference of the Parties (COP29): The EU-Africa Chamber of Commerce to host a panel discussion on Access to Finance & Sustainability at the Côte d'Ivoire Pavilion on 14th November at 3:30pm (2) (FR)
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Source: EU-Africa Chamber of Commerce (EUACC) |

29th Conference of the Parties (COP29): The EU-Africa Chamber of Commerce to host a panel discussion on Access to Finance & Sustainability at the Côte d'Ivoire Pavilion on 14th November at 3:30pm

The Baku panel will explore avenues for sustainable growth in African maritime with participation from leaders across banking, public policy, and sustainability sectors

The EU-Africa Chamber of Commerce (EUACC) (https://EU-Africa-Chamber.org/) is pleased to announce a panel discussion entitled "Access to Finance & Sustainability: A Call to Action for Resilient Growth in Africa," taking place at COP 29 in Baku, and hosted at the Côte d'Ivoire Pavilion with the presence of HEM Jaqcues Konan…

African Union (AU)
Source: African Union (AU) |

Joint Press Release: 29th Conference of the Parties (COP29) to Feature High-Level Focus on Clean Cooking as African Union and Tanzania Unite for Climate Solutions

By elevating clean cooking to the highest levels of political decision-making, African countries can create an enabling environment for innovation, investment, and sustainable development

At COP29 in Azerbaijan, the African Union (AU) and the United Republic of Tanzania will join forces in a high-level side event to make clean cooking a central part of the global climate agenda. The event, “Addressing Clean Cooking Challenges in Africa: A Call for African Leadership,” will take place…

Rand Merchant Bank
Source: Rand Merchant Bank |

The Finance Conference of the Parties (COP): A Pivotal Moment for Climate Action as Finance for Developing Markets to Rise 10x (By Tshepo Ntsane)

The core agenda at COP29 revolves around redefining the New Collective Quantified Goal (NCQG) for climate finance

By Tshepo Ntsane. As we approach the critical juncture of COP29 in Baku, Azerbaijan, scheduled for November 11-22 this year, the global community finds itself at a crossroads. This summit, often referred to as the "Finance COP," is not just another meeting in the series of climate negotiations; it's a…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs Memorandum of Understanding (MoU) with the Central Bank of the Republic of Azerbaijan to Enhance Islamic Insurance Services
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs Memorandum of Understanding (MoU) with the Central Bank of the Republic of Azerbaijan to Enhance Islamic Insurance Services

This cooperation is expected to contribute to the broader use of new financial tools in Azerbaijan, thereby accelerating investment inflows and fueling sustainable economic growth

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has signed a Memorandum of Understanding (MoU) with the Central Bank of the Republic of Azerbaijan (CBAR). The MoU was signed by Dr. Khalid…