Africa - other
Climate finance: AfDB and IMF highlight urgency of green financing (AfDB)
- At the 2022 African Economic Outlook event, experts from both organisations stressed the importance of mobilising USD1.6 trillion by 2030.
Climate finance: Change required in development finance strategy to reach net zero (AdDB)
- At the recent OPEC Fund’s inaugural Development Forum, AfDB Director General for Southern Africa, Leila Mokaddem, told participants that creating fiscal space for finance and boosting regional infrastructure projects will be essential to achieve climate targets.
Climate finance: Decarbonisation projects to benefit from German funding (Zawya)
- Germany’s Federal Ministry for Economic Affairs and Climate Action will provide EUR126 million for 14 ongoing projects in Africa, Asia, Latin America and the Middle East.
Climate finance: FMO and British International Investment commit USD126 million to fund (FMO)
- The African Infrastructure Investment Fund 4 qualifies under the 2X Challenge and aims to boost renewable energy, digital infrastructure, mobility and logistics sectors across the continent.
Egypt: Solariz to supply renewable energy to factories in Cairo (Afrik21)
- Swedish appliances manufacturer Electrolux is entering into a 25-year partnership with Solariz for the installation of solar PV plants, which will supply its factories with an estimated 1,680 MWh of clean energy per year.
Energy access: Continent unifies for common position on energy access (KBC)
- The African Union Council has adopted the Africa Common Position on Energy Access and Just Transition, which charts development pathways to achieve universal energy access and transition without compromising on its development imperatives.
Morocco: EBRD and CTF finance wind farm extension (Afrik21)
- The two financers will provide EUR53.5 million in funding to the country for the modernisation and expansion of the Nassim Koudia Al Baida wind farm.
Morocco: NTPC partners with the Moroccan Agency for Sustainable Energy (RenewablesNow)
- The Indian state-run energy company has signed a MoU with the company to explore joint opportunities to develop renewable energy projects on the continent.
Renewables: Index highlights Africa’s potential (Zawya)
- The Energy Transition Readiness Index for the Middle East and Africa, launched by Siemens Energy and Roland Berger, indicates that the two regions are jointly well-positioned to become a dominant future supplier of clean energy to global markets.
Solar: d.light raises USD50 million to support African expansion (Afrik21)
- The solar home systems distributor has locked in funding from a consortium of funders including SunFunder, TDB and FMO.
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