Browsing: Climate adaptation financing in Africa

• In Benin, the Fund will support the design of climate adaptation measures and best practices in port operations.
• The financing will see Morocco produce and sell 105 million cubic meters of potable water to around 1.5 million people in Safi and El Jadida.
• These measures will mitigate the imminent climate change risks associated with temperature and sea level rises and droughts.

The Canada–African Development Bank Climate Fund (CACF), established to support gender-affirmative climate change projects in Africa, has approved $36.3 million for two private sector operations to advance climate adaptation initiatives across Africa.

This amount, provided in the form of concessional loans to private sector companies, includes $18.3 million approved for the rehabilitation and expansion of the Port Autonome de Cotonou in Benin and another $18 million to support the construction of three seawater desalination plants under the Green Investment Program of the OCP Group.

Climate adaptation in Benin