AFDB
The African Development Bank has approved a US$6 million grant to strengthen Africa’s disaster risk management systems through the African Risk Capacity, helping countries move from reactive response to proactive preparedness under the ADRiFi initiative.
AFRICA
The 2024 African Trade Report, published by the African Export-Import Bank (Afreximbank), delves into the climate implications of the African Continental Free Trade Area (AfCFTA). The report underscores the significant threats climate change poses to African economies, highlighting that abrupt decarbonisation could erode African GDP by 1% and merchandise exports by 14.6%. The AfCFTA, by […]
SCIENCE
The African Development Bank (AfDB) and the International Financial Reporting Standards (IFRS) Foundation have signed a letter of intent to enhance sustainability disclosure practices across Africa. This agreement, made during the AfDB’s 2024 Annual Meetings in Nairobi, aims to improve transparency and accountability in the region’s financial markets. Kevin Kariuki, AfDB Vice President for Climate, […]