Category: News

South Africa’s agricultural sector is grappling with the devastating impact of unusually heavy rainfall, leaving farmlands submerged and threatening to disrupt food supply chains.  The deluge, exceeding typical summer patterns, has washed away vital infrastructure and delayed crucial farming activities, raising concerns about potential food shortages and price hikes. Across several regions, farmers are facing…

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The African Development Bank (AfDB) has unveiled a $10 million investment through its Sustainable Energy Fund for Africa (SEFA) to accelerate climate technology entrepreneurship across Sub-Saharan Africa. The funds, directed toward the Persistent Africa Climate Venture Builder Fund (ACV Fund), aim to mobilize an additional $70 million for climate-focused initiatives in the region. The ACV…

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Negotiators at COP29 have reached an agreement on carbon credit standards under Article 6.4 of the Paris Agreement, establishing a regulated international carbon market. This consensus comes nearly a decade after negotiations began, focusing on ensuring the system’s credibility to reliably reduce greenhouse gas emissions driving climate change. The agreement is particularly significant for African…

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African leaders made a unified call for a significant boost in climate finance to address adaptation and foster sustainable development during Africa Day at the 29th United Nations Climate Change Conference (COP29) in Baku. The event brought together prominent figures, including Ms. Josefa Sacko, African Union Commissioner for Agriculture, Rural Development, Blue Economy, and Sustainable…

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The African Development Bank Group (AfDB) has introduced the Climate Action Window (CAW) Technical Assistance Facility in a move to tackle climate vulnerability across Africa. Launched at COP29 in Baku, Azerbaijan, this initiative is designed to bridge the climate finance gap for 37 low-income African nations. With an initial funding pool of $56 million, the…

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Raila Odinga called on G20 nations to provide $1 trillion annually in long-term, grant-based climate financing to help Africa build resilience and escape the cycle of debt and disaster. He emphasized that Africa’s energy transition is about moving from no energy to sustainable energy, highlighting the continent’s renewable energy potential. Odinga stressed that Africa’s inclusion…

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KCB Group Kenya is leading the charge in climate financing by pursuing a KSh 15.2 billion ($118.25 million) loan from the Green Climate Fund (GCF). The funding will support small and medium enterprises (SMEs) focused on climate-friendly solutions, promoting sustainable economic growth while addressing critical environmental challenges. The bank has already secured an initial KSh…

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