Climate Financing: AfDB Urges Stronger Donor Support

The African Development Bank (AfDB) has renewed calls for increased donor support to meet Africa’s growing climate financing needs.

The bank made the appeal in the course of the Second Africa Climate Summit in Addis Ababa, the capital of Ethiopia.

AfDB’s director of Climate Change and Green Growth, Prof. Anthony Nyong, said the Fund had invested 40.64 million dollars in climate financing in the last 11 years.

According to him, these covers 33 projects and reinforces community-led resilience and mobilising climate finance.

“Over 11 years, ACCF has reinforced community-led resilience and mobilised African climate finance. But much more is needed, and donor support is critical,” he said.

He said project leaders at the event presented results ranging from policy gains to grassroots solutions.

”The African Technology Policy Studies Network reported training 72 champions across 12 countries, publishing 12 policy briefs, and inaugurating Africa’s first online NDC Implementation Index,” he said.

Nyong quoted Faith Gikunda of ICCASA-CEMIRIDE as emphasising the role of women with disabilities in building resilient communities, thus calling for disability inclusion across climate programmes.

He said:” Youth-led initiatives were showcased, including Deborah Nzarubara’s ‘mother of bees’ enterprise in the Democratic Republic of Congo, which coordinates 23 cooperatives and 1,200 members using connected hives.”

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The programme director of Farm Africa in Ethiopia, Tom Cadogan, said the farm’s one-million-dollar project had already reached 37,000 people, mostly women and youth.

The head of Global Affairs, Canada’s Pan-African Programme, Claude Landry, reaffirmed the country’s partnership with the Fund and pledged continued support for inclusive climate finance.

The session closed with an ACCF Clinic led by Coordinator Ms Rita Effah, offering guidance to stakeholders on accessing funding and replicating successful models.