Funding Boost
Engineering News|Engineering News 14 April 2017

Africa Climate Change Fund embraces new partner contributions.

Mia Breytenbach
Funding Boost

The African Development Bank (AfDB) approved the conversion of the Africa Climate Change Fund (ACCF) into a multidonor trust fund last month.

This conversion brings two new partners to the fund, the governments of Italy and Flanders, Belgium, which are contributing €4.7-million and €2-million respectively. The conversion also allows for new partnerships with other donors interested in supporting African countries in their transition to climate-resilient development and green growth.

The ACCF was established in April 2014 with a €4.725-million contribution from Germany to scale up climate-smart development in African countries by increasing the mobilisation of international climate finance.

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