African Development Bank Group and the World Bank, have spearheaded a $75 billion multilateral Climate Investment Fund to catalyse the realisation of climate targets on net-zero emissions. The investment is in partnership with the United Kingdom’s government. They launched the fund, a capital market mechanism, on Tuesday in Baku, Azerbaijan. It is billed for listing […]
The Rwandan Government has secured $268 million from the International Monetary Fund (IMF) to confront climate shocks, the Ministry of Finance has said. IMF approved the funding under the new Standby Credit Facility, on Thursday. “The government will use the fund to boost the balance of payments,” the ministry said on social media platform X, […]
The International Fund for Agricultural Development (IFAD) has announced a $5 million additional grant for Nigeria on climate resilience and to boost dry season farming. IFAD said the fund, targeted at smallholder farmers, would help to improve production. Part of it would be used to plant trees to mitigate erosion in the event of a […]