The Africa Adaptation Acceleration Program (AAAP) (http://apo-opa.co/3ZHg6nA) has been honored as the “Best Investable NDC Adaptation Investment Initiative of the Year” at the 2024 African NDC Investment Awards.

The award, presented during the African NDC Institutional Investment Summit in New York, held on the margins of the United Nations General Assembly, recognizes the AAAP’s groundbreaking efforts to accelerate climate adaptation across the continent.

Launched by the African Development Bank and the Global Center on Adaptation (GCA) in 2021, the AAAP set an ambitious goal to mobilise $25 billion by 2025 to drive transformative climate adaptation actions across Africa. To date, the Bank has committed $12.5 billion and by the end of 2023 had successfully mobilised $9.22 billion.

Sponsored by the African Green Infrastructure Investment Bank and presented by Africa Investor Magazine, the award honors projects that excel in advancing Nationally Determined Contributions (NDC) by mobilizing private climate capital and enhancing investment readiness. Africa’s NDC implementation requires over $3 trillion by 2030 to meet the continent’s adaptation and mitigation goals.

Accepting the award on behalf of the African Development Bank, Professor Anthony Nyong, Director for Climate Change and Green Growth, said: 

“This recognition is a testament to the incredible impact the Africa Adaptation Acceleration Program is having across the continent. We are not only on track to meet our financial commitments, but we are also transforming lives through resilient infrastructure, food security, and youth entrepreneurship. Together with our partners, we are driving real change and positioning Africa at the forefront of global climate adaptation efforts.”

AAAP’s impact is already being felt throughout the continent, with climate adaptation initiatives integrated into 38 African Development Bank operations and 30 technical assistance activities over 41 countries. These projects cover critical sectors such as agriculture, water and sanitation, transport, energy access, and urban development to the benefit of millions of people. The AAAP exemplifies how innovative financing and partnerships can address the most pressing climate challenges.

The program’s focus on youth entrepreneurship and job creation stands out, with $5.5 million invested to support 41 young climate innovators in 20 African countries, positioning Africa’s youth as leaders in adaptation.

In the critical area of food security, the AAAP has implemented 17 investment and technical assistance projects across the Sahel, Horn of Africa, and Zambezi regions, improving food resilience for 9.4 million people. Meanwhile, the AAAP’s work on resilient infrastructure includes 28 projects in 23 countries, ensuring that communities are better equipped to withstand climate shocks.

AAAP’s Technical Assistance Program has enabled 14 African entities to gain accreditation with the Green Climate Fund (GCF), facilitating direct access to vital climate finance. These efforts have led to the development of GCF proposals that mobilized over $250 million, benefiting 4.6 million people across Djibouti, Somalia, Kenya, Ethiopia, and South Sudan.

Recognized at the 35th Ordinary Session of the African Union for its achievements, the AAAP is setting the standard for climate adaptation in Africa and beyond. The program’s success is sparking global interest, with its model being adapted in Asia. Discussions are underway to extend it to small island developing states.

Richard Uku, Director of External Affairs at the Global Center on Adaptation, represented GCA’s CEO Professor Patrick V. Verkooijen. He said: “This award highlights the power of partnership. The Africa Adaptation Acceleration Program demonstrates that when we work together, we can achieve scale and speed in climate adaptation efforts.”

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Contact:
Communication and External Relations Department,
email: media@afdb.org

About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

About the Africa Adaptation Acceleration Program (AAAP):
The Africa Adaptation Acceleration Program (AAAP) is a joint initiative by the African Development Bank and the Global Center on Adaptation, aimed at mobilizing $25 billion over five years to scale up climate adaptation in Africa. Since its launch, the AAAP has integrated climate adaptation measures into over $10 billion in investments, helping to build climate resilience for millions across the continent.
 
About the Global Center on Adaptation:
The Global Center on Adaptation (GCA) is an international organization that promotes adaptation to the impacts of climate change. It works to climate-proof development by instigating policy reforms and influencing investments made by international financial institutions and the private sector. The goal is to bring climate adaptation to the forefront of the global fight against climate change and ensure that it remains prominent.

Founded in 2018, GCA embodies innovation in its approach to climate adaptation as well as in its physical presence. It operates from the largest floating office in the world, in Rotterdam, the Netherlands. GCA has a worldwide network of regional offices in Abidjan, Côte d’Ivoire; Dhaka, Bangladesh; and Beijing, China. The Center will open a new office in Nairobi, Kenya in 2025.

The bustling sound of dough kneading fills the air at Pierre Gbenou Tito Dossou’s bakery in Okoun-Sèmè, Benin, as the once energy-starved business now hums along smoothly. Orders for bread, croissants, and chocolate pastries are met on time, a feat Dossou attributes to a newly stable power supply.

“I struggled with electricity shortages for over a decade,” Dossou explains, reflecting on the bakery’s early years. “Generators didn’t work, and I couldn’t connect to the grid because our area was too remote. I had to rely on weak power from neighboring connections.” His fortunes changed last year (2023) when new pylons and a large transformer brought reliable electricity to his district.

“I felt like I won the lottery,” Dossou said with a smile. The new infrastructure brought streetlights, safer streets, and individual electric meters. “Since then, our work has been seamless. And even burglars have reduced,” he adds.

Other residents like Moussa Moudachirou, who is in his early 30s, have also experienced a positive shift. “Before, we had to borrow electricity from neighbors, but now we’re connected to our own meter at home,” he says. Now, with his own digital and economical meter, his family’s expenses have halved. “We now last three weeks on a 5,000 FCFA top-up card,” Moudachirou explains, expressing gratitude to the project’s donors while urging them to extend the benefits to others.

The Dossou and Moudachirou families are some of the beneficiaries of Benin’s Sub-Transmission and Distribution System Restructuring and Extension Project, which aims to improve electricity access in the West African country. The project is funded by the African Development Fund, the concessional window of the African Development Bank Group, which provided a $9.08 million loan and a $7.28 million grant, alongside a $17.79 million loan from the French Development Agency. The Benin government contributed $3.68 million.

Launched in 2018 and slated for completion in late 2025, the project is set to increase access to electricity across Benin’s major cities and secondary towns, such as Abomey, Bohicon and Lokossa. In addition to expanding access, the project aims to improve the quality of the electricity supply and cut energy waste. In 2015, it was estimated that the Electricity Corporation of Benin’s networks were losing 23 percent of their energy.

For many like Mouniratou Tiamiou, who once endured frequent power cuts, life has vastly improved. “Brownouts damaged our appliances, and burglars took advantage of the darkness. But since the project lit up the area, we have had no problems,” she says, thankful for the newfound security and stability the electricity project has brought to her home.

As Okoun-Seme’s businesses thrive and homes become more secure, the project is proving to be a vital boost for Benin’s energy landscape.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

About the African Development Bank Group:
The African Development Bank Group (AfDB) is the premier multilateral financing institution dedicated to Africa’s development. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NSF). The AfDB has a field presence in 41 African countries, with an external office in Japan, and contributes to the economic development and social progress of its 54 regional member states. For more information: www.AfDB.org

The African Development Bank Mozambique Country Office (www.AfDB.org) held a special ceremony on Monday to celebrate the institution’s 60th anniversary in Maputo, showcasing decades of partnership and development impact across Africa.

The commemoration, under the theme, “60 Years of Making a Difference” brought together government officials, development partners, and key stakeholders to reflect on the Bank’s journey and its contribution to the southern African nation’s growth.

In his keynote address, Mozambique’s Prime Minister and Minister of Economy and Finance, Adriano Maleiane, who also serves as the Bank’s Governor for Mozambique, hailed the Bank as a crucial partner in the country’s transformation.

“The African Development Bank continues to be an essential partner in promoting transformative change and fostering sustainable development across the continent,” he said. “I am confident that our partnership will continue to strengthen and that together we will achieve our shared vision of a prosperous and sustainable Mozambique and Africa.”

Mateus Magala, Minister of Transport and Communications and a former Vice President for Corporate Services and Human Resources at the Bank, shared his reflections on the significance of the 60-year milestone. “It is a great honor to be here as a former bank staff, and experience this wonderful moment of 60th anniversary of the Bank. In serving the bank, I found a purpose beyond profit: a cause and mission to uplift the African continent.” He emphasized: “We must all commit to addressing Africa’s development challenges and contributing to a better world by eradicating poverty and promoting economic development. The African Development Bank provides a clear path forward, offering a platform for those seeking purpose, direction, and a collective mission. Together, we can drive Africa’s transformation.”

Macmillan Anyanwu, Interim Country Manager of the Bank in Mozambique, opened the ceremony, highlighting the institution’s transformative impact on the country and its enduring partnership with the government.

“As we celebrate six decades of achievements, we must not lose sight of the challenges ahead,” Anyawu said, citing issues such as climate change, conflict, poverty and inequality, macroeconomic instability, and rising debt. “I wish to reaffirm the Bank’s commitment to work alongside the Government of Mozambique and other development partners to tackle these challenges.”

The Bank has been active in Mozambique since 1977, and in 2006, it established a representative office in the country to deepen its engagement. Over the years, the bank has approved over 130 projects for Mozambique, amounting to about $3.8 billion. Ongoing portfolio includes projects worth $1.3 billion, focusing on critical sectors such as agriculture, energy, transportation, water and sanitation, social services, finance, and governance.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media Contact:
Elisângela Cristo 
e.pintocristo@afdb.org

About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org