Category: COVER

  • Factoring Urban Gardening into African’s Built Environment

    Factoring Urban Gardening into African’s Built Environment

    …. As ACEACFMS 2023 holds in Accra

    Story: Mohammed Abu

    Science, Technical and Mathematics (STEM) students from the Kumasi Academy Senior High School, in Ghana’s Ashanti Region excited participants with a great presentation on the science of urban gardening and vertical farming concept at the. maiden event of the African Continental Sustainable Built Environment Summit(ACEACFMS)held at East Legion in country’s capital of Accra, on Thursday, December, 14.

    The science based urban gardening concept combines science and innovation that seeks to offer opportunity especially for vegetable crop production under an urban environment, where arable land and water meant for farming is virtually non-existent.

    It was therefore not surprising that Kumasi Academy Senior High Schools was among the award winners in the Technologies and Innovation category during the awards segment of the summit that registered a total of nineteen (19) awardees under eight categories with 20 awards.

    The school also clinched a major deal as the GM Bamboo Eco-City Ltd, the Principal. Consultant and partner of the African Continental Sustainable Built Environment Industry Summit(ACEACFMS-23) decided on the sidelines of the event to sign an MOU with it to work closely on a 166-acre Bamboo Eco-Tech-Industrial Garden City Projects in the Central region where 3,500 Sustainable Smart Infrastructure will be developed with integrated Smart Gardening Technologies.

    An 80-feet x 160 feet plot has been given to the Kumasi Academy STEM Team by GM Bamboo Eco-City at the Bamboo Eco-City-2 to build the prototypes of their smart House and Urban Technologies.

    The Bamboo Eco-Tech-City is located near cape Coast at Abankrom, Afenakrom & Damang in the Anomabo Traditional Area within the Mfantsipim Municipality in the Central Region of the Republic of Ghana.

    GM Bamboo City will Partner with Kumasi Academy Senior High School to develop grant winning proposals to access fund to develop their technologies.

     

     

  • About Scale Up of Africa’s Sustainable  Built Environment

    About Scale Up of Africa’s Sustainable Built Environment

    Story: Mohammed A. Abu

    A one-day maiden Africa Continental Sustainable Built Environment Industry Summit (ACEACFMS 23) ended successfully at East Legon, Ghana’s capital city of Accra on Thursday December 14, with a formal declaration of the event as an annual one.

    The declaration was made by Mr. Daniel Kontie President/CEO of the Africa Continental Engineering & Construction Network(ACECEN),

    Earlier in his welcome address during the event he said that, the African Built Environment must be placed in a position to transition from the current brown construction techniques to Green building technologies.

    “Like it or not, the reality is that, new trends are transforming the way the industry operates, from the design phase to the actual construction process, particularly at this time that the whole planet faces eminent dangers of climate change by virtue of our old industrial actions and inactions that has brought us to this global climate emergency situation”, Mr. Kontie added.

    “Africans have always argued that Africa’s contribution to the current climate change catastrophy is insignificant compared to the West, that is true, however, what we fail to appreciate is that the problem was significantly created by the West but the solution lies in the hands of Africa and this is another 21st century industrial revolution for Africa to take advantage of” he intimated.

    In a keynote speech delivered by Nana Obokese Ampah,,the Regent of Moree & Apagyahene of Asebu State on behalf Daasebre Kweku Ewusi VII, Omanhene of Abeadzi Traditional Council Area, Central Region, former Member of the Council of State, immediate past Vice President of National House of Chiefs, on the topic, “Land Dispute Resolution and Sustainable Land Acquisition for Sustainable Infrastructure Development in Ghana in the face of Climate Change” Nana noted that Ghana’s progress hinges on the delicate balance between development and environmental stewardship.

    “As we embark on transformative infrastructure projects, it is imperative that we adopt a holistic approach that not only address our immediate needs but also safeguard for land for future generations” Nana intimated.

    Sustainable land acquisition Nana underscored, must be the bedrock of Ghana’s endeavours. “We must ensure that every plot acquired for development aligns with environmental conservation principles. Incorporating green spaces, mitigating the impact on ecosystems, and adhering to sustainable construction practices are essential components of responsible land acquisition” Nana emphasized.

    Speaking on the theme: “Integrating Sustainable Built Environment Industry for Socio-Economic Transformation Through the use of Digital Twin Technologies”, the Immediate Past President of the Federation of African Engineering Organizations (FAEO), Ing. Mrs. Carlien Bou-Chedid said, the use of Digital Twin technology creates a virtual or digital replica of physical objects, processes or systems to allow for real-time monitoring, analysis and optimization.

    She explained that by leveraging Digital Twin Technology in the built environment, stakeholders can make more informed decisions, reduces costs, improve sustainability and enhance overall performance through the lifecycle of structures and cities.

    She gave examples of these digital twin technologies as Autodesk BIM 360, which is a cloud-based platform for construction management; Dassault Systemes CATIA, a software suite by Dassault that supports product design and engineering, which is often used in the architecture, engineering and construction (AEC) industry to create digital representations of buildings and infrastructure. She also mentioned Cityzenith 5D Smart World, which supports urban planning, infrastructure management and smart city initiatives. She added that Esri Urban Observatory also provides tools for creating digital twins of cities.

    Ing. Mrs. Carlien Bou-Chedid explained that Digital Twins rely on a network of sensors and devices strategically placed within the built environment to measure parameters, such as temperature, humidity, energy usage, water flow, air quality and more.

    She mentioned that Sustainable Built Environment is one that protects people, places and the natural environment. It also involves creating safe and welcoming spaces and designing for longevity, flexibility, recoverability and reuse.

    “Sustainable Built Environment also reduces building and urban infrastructure emissions for the long-term resilience of both people and planet. It is critical to reducing greenhouse gas emissions and tackling the climate crisis”, she concluded.

    Presentations

    Making a presentation on “Refocusing Ghana’s Flood Preparedness and Response for Socio-Economic Transformation through the use of Digital Twin Technologies”, Prof. Divine Ahadzie, Centre for Settlements Studies at the Kwame Nkrumah University of Science & Technology (KNUST), Kumasi said, Ghana experiences major floods every two years for the last 20 years but our preparedness is not getting any better.

    On recent VRA flood, the Prof. Ahadzie suggested that VRA should enhance their engagement with the communities by strengthening the use of twin-technologies plus to other community based technologies. He proposed a simplified community flood resilience framework to comprise the Chiefs, Assemblymen, MPs, NADMO, District Assembly, among others.

    STEM students from Kumasi Academy SHS, made an impressive presentation of their Smart Urban Gardening Initiative, a Green technology revolution. According to the students, the Smart Urban Gardening project integrates advanced technology and sustainable practices for urban agriculture.

    Panel Discussions

    A panel session discussion on local content and use of local materials featured Prof.Ing. Emmanuel Appiah-Kubi, Director of Quality Assurance & Accreditation, Akenten Appiah Menka University of Skills, Training & Entrepreneurial Development(AAMUSTED), and Prof.Engr. Humphrey Danso, Dean Faculty of Technical Education, also of the same university.

    They emphasized the important role bamboo could play in Ghana’s built environment industry and the dire need for using local earthen material and their combination with each other to strengthen them and to ensure their durability for use in the sustainable Built Environment industry.

    Prof.Ing Appiah-Kubi gave an expose on Ghana’s bamboo resources potential and the important role it serves to play in the country’s sustainable Built Environment Industry. He also disclosed that in addition to the generally known 250,000 species of bamboo worldwide, other bamboo species native to the Volta and Northern Regions with yellow coloration have been identified in their research

    Prof.Danso on his part, emphasized the need for using local earthen material and their combination with each other to strengthen them and to ensure their durability for use in the sustainable Built Environment industry.

    Prof Danso also called for the use of local earthen materials like calcium clay and burned saw dust for the production of cement. This was in view of the fact that clinker based cement production has a big carbon footprint unlike the local materials.

    One ton of cement produced from clinker based cement production Prof Danso said, produces a corresponding one (1) of C02 emission.

    HATOF Foundation Presentation

    The Founder/CEO of the HATOF Foundation, Dr. Samuel Dotse drove home the need for the African private sector players to take a second look at the content of their project Business Plans/Feasibility Studies so as to ensure they meet green climate financing criteria and to qualify for accessing financing from the Green Climate Fund.

    Ghana’s Ministry of Finance and Economic Planning Dr. Doste said, was the national institution through which to access financing from the Green Climate Fund adding that, climate financing remains the only available mode of funding with the lowest payback cost or interest payment that cannot be compared with what the local banks charge. He also disclosed that the only Africa’s private sector player that have met the green climate funding criteria, and accesses their funding, is the Ecobank Group.

    Among African NGOs HATOF he disclosed is the only one in Africa that has been able to access the Green Climate Fund for a Shea Landscape Carbon emission reduction project it is implementing in Northern sector of Ghana.

    Dr. Dotse expressed the willingness and readiness of his organization to support Ghanaian, African private sector operators in how best to streamline their projects to meet the Green Climate Fund financing criteria.

    HATOF is a local Ghanaian NGO that has since its inception in 1999 up till date, has been a pacesetter in energy, environmental governance and climate policy process-working towards addressing climate change and finance, renewable energy and energy efficiency, conservation and environmental protection, sustainable management among others.

    HATOF did not only get incorporation in Canada this year and another in Gambia still pending. It was the only African NGO that held a side event in collaboration with its local Ghanaian partners and a foreign one during the recently ended COP28 global environmental event in Dubai under the auspices of the UN Environment Change.

    African Continental Sustainable Built Environment Industry Excellence Awards 2023

    The awards segment of the event was an important and integral part of the event during which 19 individuals, corporate and other institutions were appreciated under eight categories with a total of 20 awards for their respective roles in climate action and development of the sustainable Environment Industry.

    Excellence in Technology & Innovation Award went to GM Bamboo Eco-City and Kumasi Academy Senior High School, Excellence in Digital Twin Technology also went to Siemens Ghana & South Africa PTY, Excellence in Climate Finance Mobilization and Training went to the Ghana Climate Innovation Centre and Gloria Bulus, Executive Director, Bridge the Gap Initiative, Kaduna, Nigeria among other awardees.

    Of special mention in the awards segment, is the African Real Estate Company of the Year 2023-Low income category that went to Adom City Estates and Africa CEO of the Year Residential Estate-Lower income category 2023(Dr. Bright Adom).

    Exhibition Component  

    The event also drew exhibitors representing Engineering, Construction and Logistics firms among others who exhibited their modern technologies to the participants.

    The Summit, a joint collaboration between the Africa Engineering & Construction Network(ACECEN) and GM Bamboo Eco-City leveraged the invaluable support from a number of Partners and Sponsors drawn from Ghana’s public sector and the Sustainable Built Environment Industry component of the private sector.

     

  • African Development Bank approves $696.41 million of financing for Burundi and Tanzania to build 650 kilometers of rail infrastructure to develop the Central Corridor network

    African Development Bank approves $696.41 million of financing for Burundi and Tanzania to build 650 kilometers of rail infrastructure to develop the Central Corridor network

    ABIDJAN, Ivory Coast, December 13, 2023/ — The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved various financing structures valued at $696.41 million for Burundi and Tanzania to start Phase II of the Joint Tanzania-Burundi-DR Congo Standard Gauge Railway (SGR) Project.

    The Bank Group’s financing is intended to construct 651 kilometers on the Tanzania-Burundi railway line. The work will consist of the development of a single electrified standard gauge track. This will be subdivided into three lots: Tabora – Kigoma (411 km) and Uvinza – Malagarasi (156 km) sections in Tanzania; and the Malagarasi –Musongati section (84 km) in Burundi.

    This standard gauge railway project will be connected to the existing railway network of Tanzania, providing access to the port of Dar es Salaam. In total, 400 kilometers of rail infrastructure has already been built in Tanzania from Dar es Salaam to Dodoma since the start of the first phase of the project. The rest of the section from Dodoma to Tabora is under construction.

    The Bank Group will provide $98.62 million to Burundi in the form of grants and $597.79 million to Tanzania in the form of loans and guarantees. As the Initial Mandate Lead Arranger (IMLA), the Bank will structure and mobilize financing of up to $3.2 billion from commercial banks, Development Financial Institutions (DFIs), Export Credit Agencies (ECAs) and institutional investors The total cost of the project both in Tanzania and Burundi is estimated at nearly $3.93 billion.

    Access to an efficient cost-effective long-haul bulk transport service through the SGR will incentivize large-scale mining and commercial agriculture. It will transform the Central Transport Corridor to an economic corridor by enhancing trade and manufacturing opportunities along the corridor influence zone, and provide for a shift from road trucking transportation, which causes accidents and high road maintenance cost.

    The SGR railway network will unlock and connect key economic processing zones, industrial parks, Inland Container Depot (ICDs), and population centers along the central corridor. This will enhance accessibility and promote economic activities. This project will contribute to building resilience by supporting the creation and development of institutions that will manage the new railway sector in Burundi and supporting capacity building through skills training in both countries.

    This project is a priority for not only the East African Community (EAC) Rail Master Plan, but the African Union’s Program for Infrastructure Development in Africa (PIDA) and will facilitate economic and social transformation in both countries and in the region.

    The construction of this railway will allow Burundi to intensify the exploitation of nickel, of which the country has the 10th largest deposit in the world in the Musongati mining fields. The country also has resources such as lithium and cobalt, which are expected to generate significant revenue for the country through the rail link with the port of Dar es Salaam which currently accounts for 80% of the country’s import and export trade. This will add value to the national GDP and allow Burundi to have additional resources to accelerate its social and economic development.

    The project is aligned with the Bank’s Ten-Year Strategy and two of its operational priorities, the “High 5”, “Integrate Africa” and “Industrialize Africa”.  It is also in line with the Regional Integration Strategy Paper of the Bank for East Africa (2023-2027) and the Bank’s Country Strategy Papers (CSPs) for Tanzania (2021-2025) (https://apo-opa.co/3Nowna1) and Burundi (https://apo-opa.co/41jr2Xm) (2019-2023).

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media contact:
    Romaric Ollo Hien
    Department of Communication and External Relations
    media@afdb.org

  • West Africa’s Energy Transition Offers $1T+ in Investment Opportunities

    West Africa’s Energy Transition Offers $1T+ in Investment Opportunities

    PARIS, France, December 11, 2023/ — West Africa is home to a diverse landscape of energy players, from mature petroleum producers to emerging gas frontiers. For established markets, the energy transition requires decarbonizing and optimizing existing operations, while bringing renewable energy and carbon capture technologies to the forefront.

    Meanwhile, frontier markets are seeking to build sustainable energy mixes from the ground up, relying on integrated gas developments to fuel their transition. As a result, an array of partnership and investment opportunities are shaping the region, which European and global investors can access at the upcoming Invest in African Energy Forum, taking place in Paris on May 14-15, 2024.

    Nigeria

    As the largest oil producer on the continent, Nigeria is seeking to attract sizable foreign investments to meet net-zero targets by 2050. At COP28 earlier this month, the Nigerian Federal Government announced investment opportunities totaling $585 billion within its energy sector, promising significant returns and the support of local authorities. In the short term, the country’s strategy involves driving renewable energy penetration across its operations, while reducing methane emission intensity and achieving net-zero in the medium-to-long term.

    Within these investment opportunities, $272 billion relates to installed renewable power production, transmission and distribution, natural gas transmission and distribution infrastructure and electric chargers. Investment opportunities totaling $96 billion lie in oil and gas processing optimization, energy efficiency and carbon capture and storage, while $80 billion are in the adoption of zero-emissions technologies and fuels.

    The remaining $2.8 billion comprises opportunities associated with clean cooking. As a result, the country features growing demand for European investors and technology and service providers who are capable of implementing clean energy solutions.

    Ghana

    As another mature producer in the region, Ghana has also unveiled an ambitious energy transition framework that totals $550 billion in investment opportunities and provides a path to net-zero emissions. The plan focuses on deploying low-carbon solutions in six main categories, which would achieve 90% of targeted emission reductions.

    These include electrification and renewables; carbon capture and storage; low-carbon hydrogen; battery electric vehicle technologies; clean cooking technologies; and negative-emissions solutions.

    Several innovative projects are underway in Ghana, which could serve as a model for European investors and project developers.

    The country is currently building its first hybrid plant utilizing solar and hydro resources to generate 250 kWas well as piloting a wave energy project in the Gulf of Guinea capable of producing 1,000 MW and generating up to two billion dollars in investment opportunities.

    The government has also launched a hybrid waste-to-energy pilot project at the Atwima Nwabiagya South Municipality that aims to produce 100 kW of biogas from municipal waste, with the potential to produce green hydrogen. Still, an influx of capital and technology is needed to fully explore the viability of clean energy technologies, for which there is strong government will.

    Senegal

    As one of the most exciting energy hotspots on the continent, Senegal offers frontier hydrocarbon resources and an attractive operating environment, along with close proximity and cultural ties to Europe.

    The country is awaiting first oil and gas production next year from its Sangomar Field Development and Greater Tortue Ahmeyim Liquefied Natural Gas Project, respectively, which present considerable opportunities for service and technology providers in the fields of gas processing, gas-to-power and associated infrastructure.

    Last June, Senegal launched its Just Energy Transition Partnership with France, Germany, the European Union, the UK and Canada to support its efforts to attain universal energy access on the back of a low-carbon, sustainable energy matrix. The country is currently drafting a comprehensive investment plan that will identify the type and scope of investments required.

    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE
    Energy Capital & Power

     

  • African Development Bank approves $66 million loan for equity enhancement of Tanzania Agricultural Development Bank

    African Development Bank approves $66 million loan for equity enhancement of Tanzania Agricultural Development Bank

    ABIDJAN, Ivory Coast, December 10, 2023/ — The African Development Bank Group’s (www.AfDB.org) Board of Directors has approved a $66 million loan to the government of Tanzania for additional equity in Tanzania Agricultural Development Bank (TADB). The financing will enable TADB to strengthen its capital and enhance the structure and effectiveness of financial and non-financial services it offers to entrepreneurs in the agriculture and related value chains.

    The Tanzania Agricultural Development Bank Phase II project will also receive $950,000 in technical assistance from the Affirmative Finance Action for Women in Africa (AFAWA) initiative to boost access to finance and related support to women in identified agriculture value chains. Additional technical assistance of $250,000 will come from the Africa Adaptation Acceleration Program (AAAP), a joint initiative of the African Development Bank and the Global Centre on Adaptation (GCA).

    This will go toward climate risk management support and to assist TADB in assessing the climate risk profile of its portfolio and developing the tools, methodologies, and capacity to mainstream climate resilient lending practices.

    The project, approved on 5 December, is expected to enhance inclusive access to finance in the agriculture sector, improve yields and productivity and raise household income and create jobs, contributing to broad-based economic growth in Tanzania.

    The Bank Group’s Acting Director for Financial Sector Development, Ahmed Rashad Attout said, “We are excited to finalize this second intervention with the Government of Tanzania to support the consolidation and expansion of TABD’s operations and in supporting the transformation of Tanzania’s agricultural sector.”

    Bank Group Director General for East Africa, Nnenna Nwabufo, added, “through this intervention, the African Development Bank reiterates its commitment to support efficiencies and competitiveness of agricultural enterprises, expansion of agricultural value chains and bolster the financing of the agriculture sector, with enhanced support to women entrepreneurs in this sector.”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Romaric Ollo Hien
    Communication and External Relations Department
    African Development Bank
    email: media@afdb.org

    Technical Contacts:
    Grace Kyokunda
    Chief Investment officer
    Financial Sector Development Department

    Mkola Tambwe
    Principal Investment officer
    Financial Sector Development Department

  • Amid rising corruption, most Africans say they risk retaliation if they speak up, new Afrobarometer Pan-Africa Profile reveals

    Amid rising corruption, most Africans say they risk retaliation if they speak up, new Afrobarometer Pan-Africa Profile reveals

    ACCRA, Ghana, December 10, 2023/ — A majority of Africans say that corruption in their country is rising, that their government is failing in its efforts to fight it, and that ordinary citizens risk retaliation if they report corruption to the authorities, Afrobarometer’s (www.Afrobarometer.org) latest Pan-Africa Profile (https://apo-opa.co/41k8N4i) reveals.

    Download document (1): https://apo-opa.co/3NmOey6
    Download document (2): https://apo-opa.co/3RDm193

    Released ahead of International Anti-Corruption Day (9 December), the Afrobarometer report is based on nationally representative surveys in 39 African countries.

    Findings show that among key public institutions, the police are most widely perceived as corrupt. In substantial numbers, citizens report having to pay bribes to obtain police assistance or avoid problems with the police, as well as to get government documents and services at health facilities and schools.

    Citizens’ assessments vary widely across countries, with Gabon, South Africa, Nigeria, Liberia, and Uganda among the worst-performing countries when it comes to perceived corruption in key public institutions, while Seychelles, Cabo Verde, Tanzania, and Mauritius turn in the best performances.

    Key findings

    • On average across 39 countries, a majority (58%) of Africans say corruption increased “somewhat” or “a lot” in their country during the preceding year (Figure 1).
      • Compared to 2014/2015, 12 countries recorded double-digit increases in perceptions of worsening corruption, including a surge of 39 percentage points in Senegal, while decreases reached a remarkable 61 points in Benin.
      • More than two-thirds (68%) of citizens say “some” or “a lot” of the resources intended to address the COVID-19 pandemic were lost to corruption.
    • Almost half (46%) of Africans say that “most” or “all” police officials are corrupt, the worst rating among 11 institutions and leaders the survey asked about. Tax officials, civil servants, and officials in the Presidency tie for second-worst, at 38% (Figure 2).
    • Among citizens who sought selected public services during the previous year, substantial proportions say they had to pay a bribe to obtain police assistance (36%), to avoid problems with the police (37%), to get a government document (31%), or to receive services at a public medical facility (20%) or a public school (19%) (Figure 3).
      • Self-reported bribe-paying varies widely across countries. For example, obtaining a government document required a bribe from 68% of applicants in Congo-Brazzaville, compared to 1% in Cabo Verde and Seychelles.
    • Two in three Africans (67%) say their government is doing a poor job of fighting corruption (Figure 4).
    • Only one in four Africans (26%) say people can report corruption to the authorities without fear of retaliation (Figure 5).
    Distributed by APO Group on behalf of Afrobarometer.
    For more information, please contact:
    Daniel Iberi
    Afrobarometer communications officer for East Africa
    Email: diberi@afrobarometer.org
    Telephone: +254725674457
  • South Africa: African Development Bank approves $1 billion guarantee from the United Kingdom to support SA’s Just Energy Transition

    South Africa: African Development Bank approves $1 billion guarantee from the United Kingdom to support SA’s Just Energy Transition

    ABIDJAN, Ivory Coast, December 10, 2023/ — The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $1 billion guarantee program in collaboration with the UK Foreign Commonwealth and Development Office (FCDO), which will allow the Bank to increase its lending capacity in support of South Africa’s Just Energy Transition (JET).

    Developed in close collaboration with the government of the Republic of South Africa, the program will support projects aligned with South Africa’s JET investment plan, such as transmission and grid-balancing storage, renewable energy generation, energy efficiency, rehabilitation of municipal electricity delivery, green hydrogen, new electric vehicles. It also includes projects addressing the “just” dimension, notably in the Province of Mpumalanga, in the north-eastern part of the country, bordering Swaziland and Mozambique.

    The approval, coming during COP28, where ramping-up climate finance is an issue, is timely and topical. African Development Bank Vice President for Power, Energy, Climate and Green Growth, Dr. Kevin Kariuki observed: “this is another innovative operation that reaffirms AfDB’s leadership in crafting financial solutions to increase access to climate finance for Africa’s low carbon development and net zero ambitions.”

    Melinda Bohannon, Foreign Commonwealth and Development Office Director General of Humanitarian and Development stated,” FCDO remains committed to the Just Energy Transition Partnership with South Africa, which supports green growth and jobs, improves energy security, and helps South Africa achieve its carbon reduction ambitions as set out in its National Determined Contribution.

    This guarantee will unlock funds for projects within the remit of South Africa’s recently released Just Energy Transition implementation plan. This comes alongside the recently significantly increased grant offer from the International Partners Group, and we are using some of those grants to help develop an investment project pipeline”.

    Mmakgoshi Lekhethe, Deputy-Director General for Asset and Liability Management in South Africa’s National Treasury commented, “We are pleased with the approval by the AfDB Board of the guarantee framework that will increase South Africa’s access to funding from the Bank by $1 billion.

    This marks an important partnership between our government, the UK and AfDB to enhance our ability to implement South Africa’s just energy transition in a way that is just and socially responsible.

    We look forward to working closely with the AfDB on the preparation and financing of a pipeline of programs and projects under our just transition priority areas, including those identified in the JET Implementation Plan. As a development bank with vast experience in just transition in the continent, the AfDB is an ideal partner for us on this important initiative”.

    Max Ndiaye, Director of Syndications, Co-financing and Client Solutions, noted previous collaboration between the Bank and FCDO, and applauded this transaction as further demonstration of the Bank’s continued efforts to heed the G20 recommendations on capital adequacy that call for increased collaboration and additional shareholder support for the balance sheet optimization of MDBs.

    “By enabling the Bank to increase its lending capacity, this landmark guarantee agreement will greatly support South Africa’s Just Energy Transition,” noted African Development Bank Director General for Southern Africa, Leila Mokaddem. “The African Development Bank remains committed to accompanying South Africa on this important journey,” she added.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Link to Images: https://apo-opa.co/4afJ94I

    Contact:
    Amba Mpoke-Bigg
    Communication and External Relations Department
    email: media@afdb.org

    Technical contact:
    Max Ndiaye
    Director of Syndications
    Co-financing and Client Solutions

  •   African Countries Should Reject Anti-Fossil Fuel Policies at COP 28

      African Countries Should Reject Anti-Fossil Fuel Policies at COP 28

    The Executive Chairman of the South Africa based Africa Energy Chamber,N.J.Ayuk  has taken a swipe at the climate agenda describing it as hypocritical, biased, unjust and that it also poses a direct threat towards Africa’s development, and countries should remain resilient in their efforts to defend their right to utilize oil and gas.

    “With COP 28 set to conclude in the coming days, a COP where African countries fiercely defended the role oil and gas plays across the continent,it has become clear that developed nations seem committed to phasing out fossil fuels, advocating for an anti-fossil fuel energy transition that does not take into account the needs of the developing world”,the Chamber intimates.

    If endorsed,this approach,it warns, would cause detrimental impacts on Africa’s economies, and the African Energy Chamber (AEC) strongly urges African countries to reject any and all anti-fossil fuel policy that may arise.

    Earlier this week, Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), issued a similar remark, urging member countries to reject any agreements that target fossil fuels during the climate negotiations.

    Advocating for focus to be placed on reducing emissions rather than reducing energy, Al Ghais noted that, “It seems that the undue and disproportionate pressure against fossil fuels may reach a tipping point with irreversible consequences, as the draft decision still contains options on fossil fuels phase out.”

    “Phasing out fossil fuels and opting for a ‘western approach’ to the energy transition is simply not an option for Africa.The continent has not only contributed the least to global greenhouse gas emissions – less than 2% – but faces the worst impacts from climate change, owing largely to the actions taken by developed countries for centuries” it argues.

    For decades, Africa’s oil and gas resources have been extracted and exported for the benefit of wealthy nations, while the continent has been left with inadequate resources to meet its growing demand.

    Wealthy nations have not only used these resources to develop but have positioned themselves as financially and infrastructurally ready to transition away from fossil fuels. Now, Africa is trying to take the same path, and is being directed to abandon an approach taken by those that went before it.

    With oil and gas, Africa is seizing control of its energy future. By directing substantial investments towards these resources, the continent will not only be able to bolster industrialization, alleviate energy poverty and join the world in its development, but strengthen its capacity to deal with climate change.

    By phasing out fossil fuels, Africa will not only reduce its inconsequential emissions, but essential phase out energy in almost its entirety. Remember, the main sources of energy in Africa are oil (42%), gas (28%) and coal (22%). If Africa were to phase out these resources, it would be transitioning from dawn to darkness.

    As Al Ghais put it, “What we will continue to advocate for is reducing emissions, not choosing energy sources. The world requires major investments in all energies, including hydrocarbons, all technologies, and an understanding of the energy needs of all peoples. Energy transitions must be just, fair and inclusive.”

    “Last year, I wrote that I was going to COP 27 because I believe that if Africa is not on the table, it will be on the menu. It is unfortunate that a year on, we have seen little to no progress by western nations to take into account the developmental needs of Africa. A year on, we are faced with the same threat: developed nations telling the world to abandon fossil fuels, thereby abandoning any chances of economic growth.

    Africa cannot afford to adopt the western-centric energy transition. Doing so would eliminate any chance of making energy poverty history, of industrializing economies and improving the lives of millions of people,” stated NJ Ayuk, Executive Chairman of the AEC.

    Africa and the developed world are at vastly different stages of their development. Why then, is the continent required to follow the same approach to transitioning?

    Why is the continent being told to abandon any chance of lighting its economies? Why do the wealthy nations of the world continue to choose politically-driven agendas over Africa? Phasing out fossil fuels might reduce emissions but it will surely send Africa into irrevocable economic decline.

    “The green agenda promoted by the wealthy nations continues to ignore how instrumental oil and gas is in Africa. Climate panic and fear mongering continues to be alive and well, and Africa should remain strong in its commitment to utilizing oil and gas for the betterment of its people,” concluded Ayuk.

  • Conference of the Parties (COP28): Multilateral development banks publish first common principles for nature-positive finance

    Conference of the Parties (COP28): Multilateral development banks publish first common principles for nature-positive finance

    LUXEMBOURG CITY, Luxembourg, December 9, 2023/ — New principles will guide multilateral development banks’ support for countries and the private sector in implementing the Kunming-Montreal Global Biodiversity Framework; For the first time, multilateral development banks define common principles and the criteria for identifying and tracking nature-positive finance; Announcement follows COP26 Joint MDB Statement on Nature, People and Planet.

    The European Investment Bank (EIB) and fellow multilateral development banks (MDBs) have today published (https://apo-opa.co/3RdNOeQ) common principles for identifying and tracking nature-positive finance. The announcement comes on nature day of the United Nations COP28 climate change conference in Dubai, United Arab Emirates.

    The common principles aim to increase nature-positive finance by mainstreaming nature in MDB operations and investments in a systematic manner. This is one of the key deliverables from the COP26 Joint MDB Statement on Nature, People and Planet (https://apo-opa.co/4aeV2ba), in which multilateral development banks collectively committed to step up efforts for the protection, restoration and sustainable use of nature in support of the Kunming-Montreal Global Biodiversity Framework.

    Nature plays a critical role in providing resources and services that underpin the achievement of the Sustainable Development Goals and are essential to solving development challenges such as health, jobs and livelihoods, inequality, climate change, food security and fragility.

    EIB Vice-President Ambroise Fayolle, said: “Scaling up nature positive finance is key to solving the climate change, biodiversity loss and pollution crises. With the common principles for tracking nature-positive finance, MDBs are implementing a key deliverable from their joint statement on nature. At the EIB, from 2024 onwards, we will be integrating the common principles into our existing environmental sustainability tracking methodology. In doing so, we are committed to working with countries and the private sector to scale up nature positive investments worldwide.”

    The common principles will help guide the development and implementation of multilateral development banks’ respective frameworks and internal methodologies for tracking nature-positive finance as they support countries and the private sector in implementing the Kunming-Montreal Global Biodiversity Framework in a systematic manner.

    The common principles will also facilitate comparability across multilateral development banks in their respective screening and tracking processes.

    They will enable the EIB to better assess whether its finance is expected to deliver a meaningful and measurable positive contribution to nature, and to communicate such nature-positive outcomes. In addition, the common principles may be informative for other investors, including capital markets and governments.

    Distributed by APO Group on behalf of European Investment Bank (EIB).
    Press contacts:
    Bruno Hoyer,
    b.hoyer@eib.org,
    +352 621 886 056Shirin Wheeler,
    s.wheeler@eib.org,
    +32 474 242 494

    Press Office:
    +352 4379 21000
    press@eib.org

  • Youth-led African enterprises awarded $800,000 at Conference of the Parties (COP28) for climate solutions

    Youth-led African enterprises awarded $800,000 at Conference of the Parties (COP28) for climate solutions

    DUBAI, United Arab Emirates, December 5, 2023/ — Eight dynamic African young women-led businesses emerged as winners of the 2023 YouthAdapt challenge. Each business will receive grant funding of up to $100,000.

    They will also receive a comprehensive mentorship and coaching as part of a 12-month accelerator program. Since its launch in 2021, the YouthADAPT initiative (https://apo-opa.co/49ZU0zH) has provided more than $5 million to 33 young entrepreneurs from 19 African nations.

    Jointly organised by the African Development Bank Group and the Global Center on Adaptation (https://GCA.org), supported by the Africa Climate Change Fund (https://ACCF.AfDB.org), YouthADAPT is an annual competition for young entrepreneurs leading micro-, small- and medium-sized enterprises in Africa with innovative climate change adaptation solutions.

    This year’s focus was on female-owned enterprises pioneering Fourth Industrial Revolution (4IR) technologies such as artificial intelligence, big data analytics, virtual reality, robotics, Internet of Things, quantum computing, additive manufacturing, blockchain, and fifth-generation wireless for climate adaptation.

    Speaking at the ceremony held on the side lines of COP28 in Dubai, President of the African Development Bank, Dr Akinwumi Adesina emphasised the importance of harnessing youth ideas and creativity to enhance livelihoods and national prosperity.

    Adesina said: “The Jobs for Youth in Africa and the Skills Employability initiatives at the Bank stand as a testament to our commitment to create 25 million jobs for our youth, ensuring that 250 million individuals find their path to the labour market. The Youth ADAPT initiative is a pledge to invest in the youth and shape a thriving future.”

    Professor Patrick Verkooijen, CEO of the Global Center on Adaptation, stressed the need to nurture Africa’s youth talent. “Young people hold the key to unlocking Africa’s economic potential. Through initiatives like the YouthADAPT awards, we provide opportunities for training and jobs to retain African talents at home.”

    During a panel discussion, Cheryl Urban, Canada’s Assistant Deputy Minister for Sub-Saharan Africa, spoke about the critical role of development finance institutions can play. “The African Development Bank’s YouthADAPT program provides crucial support in scaling up youth-led climate businesses and innovations in Africa. Canada is proud of being a contributor to the initiative.”

    Dr Beth Dunford, the African Development Bank’s Vice President for Agriculture, Human, and Social Development, stressed the importance of supporting entrepreneurs tackling climate change. She also emphasised the need to remove barriers to finance, particularly for women.

    The African Union Youth Envoy, Chido Cleopatra Mpemba, underscored the need to foster effective information-sharing mechanisms across regions.

    Lucy Wangari, one of this year’s award recipients from Onion Doctor, a firm specialized in monitoring onion growth, said the award would motivate her to do more. “It serves as a significant driver in scaling (our) innovative solution to boost local onion production by 20% and transform the onion value chain into a lucrative employment source for farmers in Kenya’s arid and semi-arid Lands.”

    Past winners shared experiences about how the grant empowered their ventures. Fela Akinse, CEO of Salubata—a business converting plastic waste into affordable footwear, emphasised how the grant is propelling their business expansion and innovation of clean technologies, and helping them to generate global impact.

    The winning ventures, led by women from across Africa, focus on sectors affected by climate change: agriculture, energy efficiency, disaster risk management, water resources, and biodiversity conservation.

    Full list of winners:

    • Deborah Nzarubara, ETS Grencom, Democratic Republic of Congo: Leveraging big data, ETS Grencom provides real-time weather data, bolstering agricultural productivity and supporting pollinating bees for sustainable farming practices.
    • Mirriam Chapi, Chapi Core Tech (https://ChapiCoreTech.com), Zambia: Through the EaseOn Track app, Chapi Core Tech has empowered over 5,000 women farmers, facilitating clean energy adoption and enhancing agricultural output.
    • Eddah Wanjiru, Arinifu Technologies (https://Arinifu.com), Kenya: The Smart Brooder & Kuku Smart innovation utilise Internet of Things technology, offering poultry solutions and operational insights, benefitting Kenya’s farming community.
    • Fatoumata Diaby, Jeune Agro-Innovatour (https://Jaimmali.org), Mali: Jeune Agro-Innovatour’s E-Compost software transforms invasive water hyacinth into premium compost, championing sustainable agricultural practices.
    • Beth Koigi, Majik Water Technologies (https://MajikWater.co), Kenya: Majik Water Technologies pioneers atmospheric water harvesting, providing vital water resources to drought-stricken farming communities in Kenya.
    • Lucy Wangari, Onion Doctor Limited (https://OnionDoctor.co.ke), Kenya: Using the Internet of Things and machine learning, Onion Doctor Limited monitors onion crops, optimising sustainability and profitability for Kenyan farmers.
    • Daniella Ushindi Viruvuswagha, ETS Chemchem Agro (https://ChemchemAgro.com), DRC: Their ApiConnect app employs Machine Learning for strategic beehive placement, significantly boosting honey production in the Democratic Republic of Congo.
    • Stephanie Meltus, Green Eden Farms (https://GreenEden.com.ng), Nigeria: Green Eden Farms utilise Scaregrow technology to offer real-time insights, enhancing productivity and resilience in Nigerian agriculture.

    More details about the YouthAdapt competition and awards are available here (https://apo-opa.co/49ZU0zH).

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).
    Contacts:
    African Development Bank:
    Joash Moitui
    Africa Adaptation Acceleration Program
    media@afdb.orgAfrica Climate Change Fund:
    Rita Effah
    Coordinator
    r.effah@afdb.org

    Global Center on Adaptation:
    Alex Gee
    Head of Communications
    alex.gee@gca.com