Another week comes to a close on Afrik21 with plenty of news, notably from Morocco, where the government has signed a circular for the implementation of its green hydrogen strategy, and from the Green Climate Fund (GCF), which is announcing new investments in Africa.
The Green Climate Fund (GCF) is set to invest at least 309 million dollars in climate mitigation, adaptation and resilience in Africa over the coming months. Among the countries to benefit from these investments is Somalia, which is facing four years of drought.
Madagascar, Somalia, Ghana: the GCF pledges $309m in climate investments
In response to climate disruption, the World Bank has decided to support research by allocating $40 million to at least six countries.
AFRICA: the World Bank releases $40 million for climate research in six countries
One of the ways of mitigating global warming is to use clean energy. Morocco plans to introduce facilities to attract investors in the nascent green hydrogen sector. This measure is contained in the Morocco Offer unveiled this week.
Green hydrogen: the broad outlines of Morocco’s new strategy
Meanwhile, the Trade and Development Bank of Eastern and Southern Africa (TDB), the Japan International Cooperation Agency (JICA), Sumitomo Mitsui Banking Corporation (SMBC) and Citibank will invest €240 million in sustainable development in Eastern and Southern Africa.
Tanzania is banking on green bonds to finance the supply of drinking water in the town of Tanga. This is a rare initiative, which should help to improve people’s access to this essential service.
TANZANIA: a first $21m green bond for drinking water in Tanga
See you next week
