Janavi Da Silva, Director of Programmes at GreenMatter, unpacks the role of the green economy in creating employment opportunities while addressing critical needs in environmentally responsible economic activities, infrastructure and assets.
The African Development Bank has reached financial close on financing agreements for a $20 million concessional investment from the Sustainable Energy Fund for Africa for the COVID-19 Off-Grid Recovery Platform.
The Multilateral Investment Guarantee Agency (MIGA) in financial year 2021(FY21) issued $5.6 billion in CVID-19 relief to date as part of their $6.5 billion COVID-19 Response Program. In FY21, 25% of MIGA issuances were in low-income countries and fragile settings and 26% went towards supporting climate finance.
In 2020, the story of Africa’s energy progress took a turn for the worse and without concerted effort, this tale could have a surprising twist where cross-sectorial policies and investment play leading characters.
African Export-Import Bank, the UN Economic Commission for Africa, the African Development Bank and Making Finance Work for Africa Partnership have released a special African Trade Finance Survey Report assessing the impact of the COVID-19 pandemic on trade finance in Africa.