First Independent Mena Newspaper
The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said that the Bank would commit at least $25 billion towards climate finance. Speaking at a plenary of the Summit Thursday in the presence of […]
The World Bank will soon launch a new program aimed at fast-tracking offshore wind energy in Africa and other developing countries, the Washington-based group said. According to Riccardo Puliti, senior director and head of energy and extractives at the World Bank, the International Finance Corporation (IFC) will join the group in helping emerging markets assess […]
President Emmanuel Macron of France kicked off Monday a four-day tour in Eastern Africa with the first leg in Djibouti followed by Ethiopia and Kenya where the French leader will co-chair UN-sponsored One Planet Summit. The trip to Djibouti, a French former colony, is the first in a decade by a French President after Sarkozy […]
The United Kingdom has announced new funding to give more people and companies across Africa access to affordable, clean energy. The announcement was made lately by UK’s Minister for Africa, Harriett Baldwin. According to Ms. Harriett Baldwin, the new funding will see £30 million added to the Transforming Energy Access program, taking total UK investment […]
In Africa, nearly 600 million people, or 48% of the continent’s population, still lack access to electricity, with the majority living in rural areas. The continent will not fully develop if hundreds of millions of its people continue to live without electricity, Economic Commission for Africa’s Executive Secretary, Vera Songwe said Thursday. Songwe who […]
The former Belgian Prime minister Elio di Rupo has voiced the shared will of his country and Morocco to strengthen their bilateral cooperation and to work with other African countries. This triangular cooperation for a shared prosperity has been discussed with the Minister of Foreign Affairs Nasser Bourita, said Elio Di Rupo at a press […]
British-based solar energy provider BBOXX has completed a significant funding round of approximately $6m, which will accelerate the company’s vision of improving access to energy across Africa and the developing world. Sources close to BBOXX reveal that in Europe, 4,400 single investors took part in the crowdfunding, investing an average of €500-€600. BBOXX’s goal is […]
With financial backing from Green Climate Fund, the West-African Development Bank (BOAD) has approved a €100 million loan to finance renewable energy development in countries from the West African Economic and Monetary Union. The goal of the Green Climate Fund (GCF) is to limit or reduce greenhouse gas emissions in developing countries and help adapt […]
The Heads of State and Government of the Sahel Climate Commission have commended the pioneering role of King Mohammed VI and his vision for a “strong and resilient” Africa. In the final communiqué issued at the end of the first Summit Conference of the Climate Commission for the Sahel, held Monday in Niamey, Niger, the […]
he Moroccan Cabinet Council adopted Thursday at its weekly meeting Bill 11.19 ratifying the agreement establishing the African Continental Free Trade Area (AfCFTA), signed in March 2018 in Kigali, capital of the Rwanda. The announcement was made by the Government Spokesperson Mustapha El Khalfi at the press briefing that followed the meeting. To enter into […]