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Akinwumi Adesina, President of the African Development Bank, revealed at a high-level event of the United Nations Economic Commission for Africa in Addis Ababa, Ethiopia, that by 2020, the African Development Bank will help 29.
3 million Africans get electrified
.
At the conference, entitled "New ways of working", Akinwumi Adesina pledged to support the new way of working as "essential" and said a new approach
to development was needed.
UN agencies signed a "commitment to action" document at the World Humanitarian Summit and agreed on new ways of working in
crisis.
"The African Development Bank is now at the forefront
of investing in renewable energy in Africa.
The share of renewables in the bank's energy portfolio has risen from 14% in 2015 when I was president to 100% last year," says Adesina.
And, if well-funded, we expect another 29.
3 million people to be powered
between 2018 and 2020.
”
Adesina called on the UN Secretary-General to join him in supporting the work of the Green Climate Fund and the Global Environment Facility (GEF) to scale up support for vulnerable African countries to co-pay for climate risk insurance
.
He noted that African countries are affected by climate change and have difficulty finding funds to pay insurance premiums
.
The African Development Bank has stepped up and will support African countries to pay for insurance against catastrophic weather events, thereby replacing public spending
.
It plans to provide $76 million to cover insurance premiums in 2018, with participating countries providing $31.
5 million and Africa Risk Capacity (ARC) providing $16 million
.
The latest figures show that more than 20 countries have expressed interest in participating in the ADB-backed initiative
.
Akinwumi Adesina, President of the African Development Bank, revealed at a high-level event of the United Nations Economic Commission for Africa in Addis Ababa, Ethiopia, that by 2020, the African Development Bank will help 29.
3 million Africans get electrified
.
At the conference, entitled "New ways of working", Akinwumi Adesina pledged to support the new way of working as "essential" and said a new approach
to development was needed.
UN agencies signed a "commitment to action" document at the World Humanitarian Summit and agreed on new ways of working in
crisis.
"The African Development Bank is now at the forefront
of investing in renewable energy in Africa.
The share of renewables in the bank's energy portfolio has risen from 14% in 2015 when I was president to 100% last year," says Adesina.
And, if well-funded, we expect another 29.
3 million people to be powered
between 2018 and 2020.
”
Adesina called on the UN Secretary-General to join him in supporting the work of the Green Climate Fund and the Global Environment Facility (GEF) to scale up support for vulnerable African countries to co-pay for climate risk insurance
.
He noted that African countries are affected by climate change and have difficulty finding funds to pay insurance premiums
.
The African Development Bank has stepped up and will support African countries to pay for insurance against catastrophic weather events, thereby replacing public spending
.
It plans to provide $76 million to cover insurance premiums in 2018, with participating countries providing $31.
5 million and Africa Risk Capacity (ARC) providing $16 million
.
The latest figures show that more than 20 countries have expressed interest in participating in the ADB-backed initiative
.
