First Independent Mena Newspaper
Egypt is seeking to obtain billions of dollars from the Green Climate Fund (GCF) to finance six green energy projects as the Arab country strives to tackle climate change issues. Egyptian Environment minister Yasmine Fouad made the announcement Tuesday as she met with GCF CEO Yannick Glemarec, report says. Yasmine Fouad indicated that her country […]
Tunisia will benefit from the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy backed by the Green Climate Fund. With a commitment of $164 million, the Abidjan-based bank will help scale up decentralized renewable energy (solar home systems, green mini-grids, and solar solutions for commercial […]
In Ghana, the Green Climate Fund (GCF) has announced a $20 million grant to the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), a program for a climate action project to support women-led farmers’ associations and micro, small and medium enterprises in Ghana’s agricultural sector. The AFAWA Ghana project is designed to […]
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 French Development Agency (AFD) will extend the Moroccan Electricity and Drinking Water facility (ONEE) a €50 million loan to help it implement a program on the improvement of the performance and resilience of drinking water services in Morocco’s Northern provinces. Under the loan agreement, signed last week in Rabat, the ONEE will enlarge access […]
The European Bank for Reconstruction and Development has lent Morocco €120 million to finance the Saïss Water Conservation Project that will help protect the country’s agricultural sector from the impact of climate change. The project, which includes the construction of irrigation infrastructure, is being supported by a co-financing grant of €32 million from the Green […]