Climate Change
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The World Bank’s Climate Investment Funds(CIF) is nearing a decision on the disbursement of a $2.6 billion green finance package for South Africa.
The South African Medical Research Council (SAMRC) recommended the country phase out coal-fired power stations as it published a 10-year study which found that people living near them were 6% more likely to die than their peers elsewhere.
In a significant step toward achieving Morocco’s green hydrogen ambitions, a government committee on Thursday approved six projects with a total investment of 319 billion dirhams ($31.9 billion).
The European Investment Bank (EIB) has partnered with Africa Finance Corporation (AFC) to support a $750 million Infrastructure Climate Resilient Fund (ICRF), aimed at strengthening Africa’s climate adaptation efforts and sustainable infrastructure.
Among African nations, Nigeria stands out, not only for its significant lithium deposits but also for its strategic initiatives aimed at harnessing this resource to establish itself as a key player in the global battery industry.
Nigerian environmental groups have opposed the government’s plan to restart oil production in Ogoniland in Rivers state, demanding that meaningful consultations with local communities be concluded before any operations resume.
The OPEC Fund for International Development has announced a $30 million investment in Africa’s largest onshore wind power project, located in Egypt’s Gulf of Suez region.
Caledonia Mining Corporation Plc has announced plans to invest an additional $41.8 million in expanding its Zimbabwean mining operations in 2025, building on the strong performance of its flagship Blanket Mine.
UN Secretary-General, António Guterres, has called for urgent climate justice, stating that Africa, despite contributing minimally to global emissions, is suffering disproportionately from climate change. Guterres made this statement while speaking in a press briefing on Wednesday, highlighting the devastating consequences for both the continent’s people and its economies. He pointed out that climate change…