The Government of Germany, the ACCF’s founding donor in 2014, remains its top single contributor with over $6 million

Key Takeaways

  • The Government of Germany is the largest donor to AfDB’s Africa Climate Change Fund (ACCF), contributing $6.19 million in a single donation in April 2014.
  • The Government of Flanders (Belgium) follows closely with a total contribution of $6.12 million, made in two installments (2016 and 2019).
  • In 2023, the U.S. Department of State joined as a new donor with a contribution of $5.43 million.
  • The current value of the ACCF stands at $36.5 million.
  • To date, the ACCF has supported seven completed projects, 20 under implementation and one cancelled project (originally planned for Sudan).
  • Some completed projects include climate finance readiness initiatives in Eswatini and Côte d’Ivoire, while ongoing efforts feature "Capacity Building for Women Climate Change Negotiators in Eastern and Southern Africa" in Uganda ($950,000) and "Development of long-term low-carbon and climate-resilient development strategies (LTSs)" for Gabon, Liberia, Botswana, and Lesotho ($500,000).
  • The project in Sudan was cancelled due to the conflict in the country.

Launched in 2014, the Africa Climate Change Fund has grown into a $36.5 million pool of hope, fuelled by donors who believe in Africa’s climate future. Managed by the African Development Bank, the fund started as a bilateral partnership with Germany and later expanded into a multi-donor platform, drawing backing from the U.S. Department of State and the Government of Flanders, among others. Germany, leading since inception, gave the fund its biggest single boost: $6.19 million.

Although the U.S. became a contributor, its climate funding has faced setbacks, particularly during the Trump administration, when major foreign aid cuts and a withdrawal from key climate finance pledges strained the flow of support to African initiatives like this.

So far, over $2.6 million worth of projects have been completed, with others worth $13.2 million in progress. Among them are two multinational efforts: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation, and Support to the African Financial Alliance on Climate Change. Each effort is backed with $1 million.

Source:

AfDB

Period:

2014-2023
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