Sub-Saharan Africa

New clean cooking partnership to invest USD 100m

The new Partnership Platform for Clean Cooking Finance announced at the Africa Climate Summit aims to mobilize US $100 million for clean cooking by 2026.

150 150 Trove Research

African leaders hold first Africa Climate Summit

African leaders have stopped short of calling for a phase-out of fossil fuels in a joint declaration that forms the basis of their negotiating position at COP28.

150 150 Trove Research

First ‘Debt-For-Nature’ swap complete in Gabon

Bank of America Corporation completed its first debt-for-nature transaction, which involved the refinance of USD 500 million of Gabon’s sovereign debt.

150 150 Trove Research

Guyana wants carbon credit price to be USD 70 per tonne

President Irfaan Ali articulated the nation’s ambition to drive the carbon credit price to USD 70 per tonne.

150 150 Trove Research

Zimbabwe to take 30% of carbon credit revenue

Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.

150 150 Trove Research

Zimbabwe to take 30% of carbon credit revenue

Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.

150 150 Trove Research

Zimbabwe to take 30% of carbon credit revenue

Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.

150 150 Trove Research

Zimbabwe to take 30% of carbon credit revenue

Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.

150 150 Trove Research

Zimbabwe to take 30% of carbon credit revenue

Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.

150 150 Trove Research

Zimbabwe to take 30% of carbon credit revenue

Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.

150 150 Trove Research

Zimbabwe to take 30% of carbon credit revenue

Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.

150 150 Trove Research

Gabon ‘debt-for-nature’ swap delayed amid market volatility

Gabon has delayed a bond buyback that will kick off a $500m 'debt-for-nature' swap, Africa's first with international sovereign bonds.

150 150 Trove Research

African Development Bank and UNEP partner on biodiversity

The African Development Bank and the UN Environment Programme are joining forces to implement the Kunming-Montreal Global Biodiversity Framework in Africa.

150 150 Trove Research

Africa ‘only’: Zuma’s Belarus carbon credit push fails

Zimbabwe has thrown into doubt the fate of 2m Russian offsets that a Belarusian trade associate said it would list on the country's new exchange.

150 150 Trove Research

Malawi orders review of all carbon credit projects

Michael Usi, a Malawian cabinet minister with responsibility for the environment, said he has ordered a review of all carbon credit projects in the country.

150 150 Trove Research

South Africa to launch USD 1b green hydrogen fund

South Africa has reached an agreement to launch a USD 1 billion blended finance fund to help accelerate the development of the green hydrogen sector in the country.

150 150 Trove Research

Nigeria signs MoU on management of carbon registry

The Nigeria Sovereign Investment Authority and its National Council on Climate Change signed a Memorandum of Understanding to develop a climate change framework to provide guidelines for regulating emissions.

150 150 Trove Research

Gabon enters debt-swap agreement over $500m

Bank of America will arrange the $500m debt swap for marine conservation project development in Gabon.

150 150 Trove Research

First credits for Sub-Saharan African electric cookstoves issued

UpEnergy, a social enterprise from Uganda, announced it has issued the world's first credits linked to emission savings from the use of electric clean cooking devices.

150 150 Trove Research

Absa Group announces 2050 net zero targets

Absa Group, Africa’s largest funder of renewables, announced today its long-term ambition to reach net zero by 2050 for scope 1, 2, and 3 emissions.

150 150 Trove Research

DRC signs Jurisdictional REDD+ agreement for peatlands

Equateur Province in the Democratic Republic of Congo (DRC) announced a 25-year Jurisdictional Nested REDD+ agreement for the protection of its peatlands .

150 150 Trove Research

Kenya seeks $4.5Bn to plant 15 billion trees in 10 years

The government is exploring various ways to mobilise resources to grow 15 billion trees with an estimated 10-year budget of Sh600Bn ($4.5Bn).

150 150 Trove Research

Finance is the key climate issue for new Nigerian president

Newly-elect President Bola Tinubu has said that without climate finance from rich nations, Nigeria would "not comply with your climate change”.

150 150 Trove Research

Rwanda to announce carbon credit offerings in April 2023

Rwanda will announce its offering on the carbon market in April following ongoing consultations, Minister of Environment Jeanne d'Arc Mujawamariya said.

150 150 Trove Research

Malawi’s government pursues carbon trading

President Lazarus Chakwera wants Malawi to produce 5 million carbon credits per year to mobilize up to MK 104Bn ($100m) and support over 250,000 jobs.

150 150 Trove Research

Tanzania approves EACOP construction amidst protests

Tanzania's regulator has approved the East African Crude Oil Pipeline (EACOP) project, allowing construction to begin.

150 150 Trove Research

Federal government to unveil carbon tax system for Nigeria

Nigeria’s Climate Change Council has announced plans to unveil a carbon taxing policy in accordance with the provisions of the Climate Change Act 2021.

150 150 Trove Research

Kenyan government set to establish climate finance bank

The institution - to be referred to as Kenya Green Investment Bank (KeGIB) - will incentivise private sector investments in 'green' projects.

150 150 Trove Research

Africa Carbon Markets Initiative announces 13 action programs

The ACMI, launched at COP27, aims to scale the voluntary carbon market in Africa to 300m credits being retired annually by 2030, and 1.5Bn credits annually by 2050.

150 150 Trove Research

Ethiopia working towards net zero emissions by 2050: PM

Prime Minister Abiy Ahmed confirmed that Ethiopia has developed along-term net zero and climate resilient 2050 strategy to support the country's decarbonisation.

150 150 Trove Research
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