APO International

New agriculture and agri-business climate finance to support farmers and agri-businesses prepare for extreme weather, increased drought and increased rains; largest ever EIB (https://www.EIB.org) backing for business investment in Rwanda; initiative to increase access to climate finance by women owned businesses; new partnership announced at COP28 as a model for climate action helping vulnerable smallholders Farmers and agricultural businesses across Rwanda are set to be able to better withstand the economic, […]

The Rwanda Climate Finance Partnership, which was launched at the Paris Summit for a New Global Financing Pact, will further power innovative climate action thanks to additional contributions from the Government of Rwanda. The partnership is supported by Agence Française de Développement (AFD), the European Union and Team Europe, the European Investment Bank (EIB) (EIB.org), the International Finance Corporation (IFC), German Cooperation via KfW Development Bank, and the Italian Cooperation […]

The European Investment Bank (EIB) Group (www.EIB.org), which consists of the European Investment Bank and the European Investment Fund, and Mission Innovation are joining forces to support clean energy innovation worldwide. The announcement of the new partnership was made at a joint event at the United Nations Climate Change Conference COP28 in Dubai. Building new public-private partnerships to accelerate the development of innovative clean energy technologies is one of the […]

The President of the African Development Bank Group (www.AfDB.org), Dr Akinwumi Adesina and the CEO of the Prince’s Trust International (PTI), Will Straw, have met in London on 29 November 2023 to explore strategic partnerships to scale up youth employment, human capital, and entrepreneurship opportunities. With 1.4 billion people, Africa has the world’s largest proportion of unemployed and under-employed youth. More than 60% of the continent’s population is under the […]

The African Development Bank Group (www.AfDB.org) has presented its planned $1 billion facility to provide insurance to more than 40 million farmers across the continent against severe impacts of climate change. The facility was widely praised by the World Food Programme (WFP), development agencies, insurance companies and the private sector during a side event at COP28 in Dubai. Adesina said the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) aims to mobilise […]

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org) As the hottest year ever recorded draws to a close, climate change is passing from theory to reality and gaining ever-increasing urgency in statehouses around the world. The goal of achieving net zero CO2 emissions worldwide by 2050 is widely agreed upon by climate experts as necessary to avoid irreversible changes in Earth’s weather patterns that could cause centuries of harm […]

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org). In an era when Africa needs oil and gas investments more than ever, attracting those investments has become increasingly difficult. Part of the challenge lies in the mounting pressure on oil companies to shift their focus from exploration and production to investments in renewable energy in response to global emissions-reduction goals. The perception that African energy assets are more carbon-intensive than […]

The President of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), Prof. Benedict Oramah, today in Cairo received the FORBES AFRICA magazine 2023 Person of The Year award. At a well-attended award ceremony, which also included the unveiling of the cover for FORBES AFRICA’s December 2023/January 2024 edition featuring Prof. Oramah as Cover personality, Dr. Rakesh Wahi, FORBES AFRICA Founder and Publisher, and Roberta Naicker, the Managing Director, said that the award […]

Africa should become the global centre for high-value, high-integrity carbon credits, AFC (www.AfricaFC.org) says; Wholesale leases or sale of land undervalue Africa’s forestry while enabling polluters: AFC paper; AFC Foundation to prioritise conservation and regeneration of African carbon sinks through local capacity building. At a critical moment in the fight against climate change, the world is squandering a significant opportunity by neglecting Earth’s most important natural carbon repositories – Africa’s forests, grasslands, peatlands and mangroves. […]