September 8

African Development Bank Announces $1 Billion to Boost Access to Climate Finance for Youth Businesses

African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses.

The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation. It invites young entrepreneurs and micro, small, and medium enterprises in Africa to submit innovative solutions and business ideas that have the potential to drive climate change adaptation and resilience across the continent.

Photo courtesy of Exchanges Photos.

Source: African Development Bank Group (link opens in a new window)

Environment, Technology
climate change, climate finance, MSMEs, youth