Key Developments
BOAD Launches Climate Study Fund to Bolster Resilience in 8 African Countries
The initiative aims to provide vital financial support for climate change adaptation and mitigation projects in eight West African nations: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
The Climate Study Fund will offer grants to fund feasibility studies, technical assistance, and capacity-building activities related to climate-resilient infrastructure development and green growth initiatives.
The fund seeks to unlock larger investments in climate-smart solutions and accelerate the region’s transition to a low-carbon economy.
The Climate Study Fund aligns with BOAD’s broader climate finance strategy, which aims to mobilize €1.5 billion by 2025 to support climate-related investments across its member states.
The bank recognizes the disproportionate impact of climate change on West Africa, which is characterized by increased droughts, floods, and rising sea levels.
These challenges threaten food security, water availability, and economic development, highlighting the urgent need for effective climate action.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
Kenya’s Octavia Carbon Secures $5 Million in Seed Funding to Advance Carbon Removal from Air
Kenyan startup Octavia Carbon has successfully raised $5 million in seed funding to advance its innovative direct air capture (DAC) technology, which aims to remove carbon dioxide (CO2) from the atmosphere using geothermal resources, particularly waste heat.
African Agri-Food Startups Invited to Apply for THRIVE Global Accelerator Program
African agri-food startups can now apply for the THRIVE Global Accelerator Program, a 12-week program designed to support seed through Series A companies and prepare them for growth and scalability.
GHIB and BII Partner to Bridge Africa’s Trade Finance Gap with $50 Million Facility
Ghana International Bank plc (GHIB) and British International Investment (BII) have announced a landmark $50 million trade finance facility aimed at supporting businesses in Sierra Leone, Liberia, The Gambia, Benin, the Democratic Republic of Congo (DRC), Rwanda, and Tanzania.