The China Development Bank and the Development Bank of Southern Africa have recently signed a $293 million loan facility to support infrastructure development across the […]
Tag: climate resilience
Bank Approves $350M Grant for Groundbreaking Mpatamanga Hydropower Project
In a landmark move set to transform Malawi’s energy landscape, the World Bank has approved a $350 million grant through the International Development Association (IDA) […]
Africa Adaptation Acceleration Program Wins Top NDC Adaptation Investment Award for Groundbreaking Climate Efforts
The Africa Adaptation Acceleration Program (AAAP) has been awarded the “Best Investable NDC Adaptation Investment Initiative of the Year” at the 2024 African NDC Investment Awards. Launched by the African Development Bank and the Global Center on Adaptation, AAAP aims to mobilize $25 billion by 2025 to drive climate adaptation projects across Africa, focusing on infrastructure, food security, and youth entrepreneurship. The program has already raised over $9 billion and is transforming lives in 41 countries.