The African Development Fund has made a second call for project proposals to mitigate climate change.
This is the second call (ADF-16) for mitigation project proposals in 37 low-income African countries.
It emerged at the African Development Bank (AFDB) Group Annual Meetings 2024, that about 359 eligible proposals were received during the first round, totalling an amount of $4 billion.
Kenvin Kariuki, AFDB Vice President for Power, Energy, Climate and Green Growth said the focus is on climate mitigation projects aimed at reducing or avoiding greenhouse gas emissions.
He also said effects of climate change across the continent are evident, pointing to floods in Kenya and Tanzania earlier this month, cyclone Freddy’s devastating impact in South Africa last year and current droughts in the Southern Africa region.
Africa’s massive climate financing needs are estimated at around $277 billion.
Kariuki said the Board of Governors, has approved $13.3 million from its net income for the current Climate Action Window.
The second call is open to government entities, ministries, departments, agencies, departments of the African Development Bank, non-governmental organizations, community-based organizations and inter-governmental organizations (including United Nations organizations, regional economic communities, regional river basin climate centers).
He also said the funding donor countries are the Netherlands, Germany, Switzerland and the United Kingdom.