AfDB, Climate Investment Funds, Coalition for Green Capital to develop Green financing instruments for Africa

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The African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate change funds and green banks in Africa.

CGC will identify and work with six African countries to conduct feasibility studies for the project, which was initiated at the Green Bank Design Summit held in Paris on March 2019. The Summit tasked 23 developing countries to craft a new model to mobilize and accelerate investment in clean energy.

When paired with effective grant programs through National Climate Change Funds and strong enabling environments and policies, locally-based Green Banks are powerful tools to address market needs, understand local risk and drive private investment.

Green Banks and National Climate Change Funds can play an important role in mobilizing finance to support low-carbon, climate-resilient development, using methods such as blended finance to drive increased private investment.

Countries can mobilize funds from the diaspora, national financial institutions, private investors, asset managers, sovereign wealth funds, and more. These instruments and funds can support the implementation of Nationally Determined Contributions (NDCs), CIF Investment Plans, CIF Strategic Plans for Climate Resilience and NDCs, and progress towards Sustainable Development Goals (SDGs).

List of the country updates

Country updates

  • September 12, 2019

    Eastern Cape Department of Public Works launches RFP for new Bhisho Office Precinct

    The Eastern Cape Department of Public Works (ECDPW) has issued a Request for Proposal (RFP) for the construction, financing, operation, and maintenance of the new Bhisho Office Precinct...

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  • September 10, 2019

    Final close reached for Evolution II Fund

    Evolution II fund has reached final close with raising a total of US$ 216 million. After the first close, the fund has secured US$ 87.75 million in commitments from CDC Group, Cyane Holdings, the Euro...

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  • July 29, 2019

    AIMM closes African Infrastructure Investment Fund 3

    African Infrastructure Investment Managers (AIIM) has reached the financial close of its flagship pan-African infrastructure fund, AIIF3, which raised US$320 million from a diverse investor base...

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  • July 23, 2019

    Blackstone Strategic Partners Closes Eighth Fund at US$ 11.1 Billion

    Strategic Partners, Blackstone’s secondary and fund solutions business, announced today the final close on over US$ 11 billion for Strategic Partners VIII L.P. and its related committed program...

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  • July 03, 2019

    EOI out seeking advisors for South Africa PPP framework review

    The World Bank Group and Government of South Africa have issued an expression of interest seeking advisors to help them review the PPP framework in the country. The review process is being conducted b...

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