Calls for Doubling Adaptation Finance to $40 Billion Annually by 2025 Advocates for Increased Funding to the Loss and Damage Fund In a stirring call to action following a high-level global leaders’ session on climate and the just transition, UN…
Tinubu Media Volunteers Applaud N760 Billion Private Investment in CNG Initiative
A Political Advocacy Group, Tinubu Media Volunteers (TMV) have praised the Federal Government’s Compressed Natural Gas (CNG) initiative for its growing impact on Nigeria’s energy and transportation sectors. In a statement released on Friday, April 18, 2025, TMV Chairman, Mr.…
Infrastructure Investments Propel Africa’s Mining Growth
As Africa expands its regional corridors with major rail and port projects, African Mining Week 2025 in Cape Town will showcase the critical role of infrastructure in unlocking mining potential and driving industry investment Africa and its global partners are…
Adaptation Fund Board Approves Record US$ 137 Million in New Projects; Doubles Country Cap to US$ 40 Million
In a set of milestone decisions at its 44th meeting, the Adaptation Fund (AF) Board approved over US$ 137 million in new projects – a new record that eclipsed the US$ 100 million mark in a single Board meeting for…
Kenya’s Green Finance Taxonomy Published – Legal Developments and Strategic Considerations
Christina Nduba-Banja, Yusra Butt and Nduta Muhindi Following the issuance of the draft Kenya Green Finance Taxonomy in March 2024 (draft KGFT), the Central Bank of Kenya (CBK) has published the first edition of the Kenya Green Finance Taxonomy (Taxonomy).…
AfDB Supported Projects in Senegal, Rwanda Clinch Top Honors at 2025 Bonds, Loans & ESG Capital Markets Africa Awards
The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring Two African Development Bank Group supported projects have garnered top honours at the 2025 Bonds, Loans &…
Adaptation Fund Receives First New US$ 13 Million Pledge for 2025 from Sweden, Hoping to Set Tone for Rest of Year
At a pivotal time when the work of the Adaptation Fund is more urgent than ever, the Fund’s resource mobilization efforts for 2025 kicked off on a positive note as Sweden stepped forward to make the first new pledge to…
UN-backed forum seeks to boost resilience of world’s Least Developed Countries
Policymakers, researchers, the private sector and other stakeholders are meeting in Zambia’s capital, Lusaka, over the next three days to chart a path toward sustainable development and resilience for the world’s Least Developed Countries (LDCs). The third edition of the…
Forbes: Aliko Dangote Regains Top Spot as Africa’s Richest – Ranked 86th in the World With Networth of $23.9bn
Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world. It would be recalled that Forbes ranked Aliko Dangote as…
CAHOSCC: Nigeria’s Reaffirms Commitment to Climate Action
At the Committee of African Heads of State and Government on Climate Change (CAHOSCC), hosted by the Kenyan Government, Nigeria presented its ongoing efforts to combat climate change. The Honorable Minister of the Federal Ministry of Environment, Balarabe Abbas Lawal,…
