Browsing: African Development Bank Group President Akinwumi Adesina

AfDB President's visit to Egypt: Ambassadors and financial technical partner's Reception

 

  • The African Development Bank (AfDB) has exceeded its mobilisation target for the Just Green Transition (JGT) initiative, raising $2.3 billion to help address Egypt’s climate woes.
  • Initially, AfDB had set a target of $1.4 billion for the programme aimed at building the resilience of vulnerable systems and promoting sustainable development.
  • JGT initiative has a pipeline of investment-ready projects worth $14.8 billion to tackle the water-food-energy nexus. 

The African Development Bank (AfDB) has surpassed its mobilisation target for The Just Green Transition (JGT) initiative after raising $2.3 billion which will be invested in tackling climate change-related challenges in Egypt. 

The financial institution had initially set a target of $1.4 billion for the initiative to build resilience of vulnerable systems and promote sustainable development in the country.

Already, the Just Green Transition (JGT) initiative has a pipeline of investment-ready projects worth $14.8 billion to tackle the nexus on water, food and