Featured

The Africa Climate Resilient Investment Facility (AFRI-RES) has been announced. This is a joint initiative of the ECA, the World Bank, the African Union Commission, the African Development Bank and the Nordic Development Fund. It will be hosted in the ECA’s African Climate Policy Centre (ACPC).

Africa climate resilient investment facility launchedAFRI-RES was put in place to strengthen the capacity of African institutions, as well as the private sector to plan, design and implement infrastructure investments that are resilient to climate variability and change in selected sectors.

“More than half of the infrastructure the world will have by 2070 hasn’t been built yet, and the fraction is even larger in Africa. We have a once-in-a-lifetime opportunity to ensure Africa’s infrastructure contributes maximally to more climate resilient, green and inclusive African economies,” says Jordan Fabyanske, Associate Partner at Dalberg Global Development Advisors.

“Africa has an incredible wealth of renewable energy resources, and we have seen huge appetite among private investors around the world to invest in clean energy on the continent. The bottleneck is to find projects that combine high quality sponsors, strong and genuine government support, a secure off-taker, a clear and stable legal framework and risk-commensurate returns,” adds Magnus Asbjornsson, Executive Director of Reykjavik Geothermal Ltd.

Speaking at Global Green Growth Week 2017, where the announcement was made, Dauda Suma, Senior Industrial Advisor at the Global Green Growth Institute, said Africa’s rapid urbanisation has presented both a dynamic opportunity and a challenge to Africa. “On the one hand, urbanisation is predicted to deliver stronger economic growth rates for Africa. On the other hand, urbanisation also underlines the huge infrastructure gap in Africa, especially in energy and transportation.”

According to him, the establishment of a Global Green Growth Institute (GGGI) regional hub in Addis Ababa in the near future will strengthen its support to African countries to achieve green infrastructure successfully. Linus Mofor, Senior Environmental Affairs Officer for Energy, Infrastructure and Climate Change at the ACPC adds that Following a green approach to closing Africa’s huge infrastructure gap can create public and private value with co-benefits across a diverse range of stakeholders and goals.

Image credit

Copyright: wklzzz / 123RF Stock Photo

Magazines

African Fusion

AfricanFusionAfrican Fusion, the official publication of the Southern African Institute of Welding (SAIW), aims to provide up-to-date insight into welding technology and the welding industry.

Capital Equipment News

Capital Equipment News is dedicated to the application of equipment and modes of transport that are used in the mining, construction, quarrying, and transport industries.

Construction World

ConstructionWorldConstruction World was first published in 1982 and has grown to become a leader in its field, offering a unique mix of editorial coverage to satisfy the diverse needs of its readers.

Electricity + Control

ElectricityandControlE + C publishes innovative, technical articles that provide solutions to engineering challenges in measurement, automation, control, and energy management.

Lighting in Design

LightingandDesignLighting in Design is a glossy, upmarket publication aimed at lighting professionals. It is the only B2B magazine in SA that is dedicated solely to the subject of lighting.

MechChem Africa

MechChemJanuary2017cover MechChem Africa supports African engineering and technical managers across the full spectrum of chemical and mechanical disciplines.

Modern Mining

ModernMiningEstablished in 2005, Modern Mining is one of SA's leading monthly mining magazines, noted for the quality and accuracy of its writing and the breadth of its coverage.

Modern Quarrying

ModernQuarryingModern Quarrying is firmly entrenched as a leading industry-specific magazine. It focuses on promoting the science and practice of quarrying and processing in southern Africa.

Sparks Electrical News

SparksElectricalNewsReadable and informative, Sparks Electrical News is the newspaper for those involved in installing and maintaining electrical supplies and equipment.

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input