AfDB to provide $25 billion for Africa’s Climate Finance by 2050

The African Development Bank (AfDB) has said it will commit $25 billion to Africa’s Climate Fund.

The Banks’ Chief Executive Officer, Dr. Akinwunmi Adesina said this on Tuesday, September 5 at the ongoing African Climate Summit in Kenya.

According to him, the Bank is committed to contributing $25 billion to the continent in funding climate finance, to accelerate the transition to cleaner energy sources.