The Africa Climate Change Fund invests US$4.7m in new projects

AFRICA – The Africa Climate Change Fund (ACCF) recently approved seven new project proposals amounting to around US$4.7 million.

The approval of these projects increases ACCF’s overall portfolio to 15 projects, further demonstrating how the ACCF helps Regional Member Countries to finance climate-resilient, low-carbon development.

The projects include:

Syntropic Agriculture- Mozambique

 The ACCF will fund the Syntropic agriculture as strategy to foster resilience, climate adaptation and recovery of vulnerable communities living in degraded marine and coastal ecosystems in Mozambique.

It will improve the environmental resilience and economic sustainability of smallholder families in Zambezi, a Province using scaled-up “gender-oriented eco-governance productive model.”

The project will be implemented by ICEI, a non-profit organization and ORAM, a local NGO.

Climate Resilience Project- Sudan

In Sudan ACCF will undertake the building climate resilience project through youth and women farmers, to be implemented by local NGO ZWD

The project will contribute to building an inclusive and climate resilient ecosystem for food security, sustainable growth and strengthening collective entrepreneurial capacity of farmer associations.

Removing barriers to climate finance access by local governments/municipalities project in Senegal will be implemented by the Ministry of Territorial Governance, Development and Management of the Territory of Senegal, in conjunction with CSE.

The project will remove barriers currently hindering local government’s access to international climate finance.

LoCAL- Benon & Lesotho

Local Climate Adaptive Living Facility (LoCAL) project for Benin and Lesotho will scale up the United Nations Capital Development Fund’s LoCAL Mechanism which supports local governments to execute climate resilient development projects using performance-based grants.

The project will be implemented by UNCDF.

Green Energy- Kenya & Uganda

In Kenya and Uganda,  ACCF will finance a Green energy project that will support the transition to low carbon development and scale up access to climate finance by boosting the development of the Sustainable Energy Value Chain.

The project which focuses on women and youth will be implemented by a consortium of CSOs led by AVSI Foundation and including Pamiga.

Cocoa Livelihoods Resilience project– Cote d’Ivoire

In bid to enhance the resilience of smallholder cocoa farmers in Cote d’Ivoire, ACCF will support the Cocoa Livelihoods Resilience project through piloting the Adaptation Benefits Mechanism (ABM) an innovative mechanism for mobilization of public and private sector finance.

The project will introduce a set of sustainable climate-resilient agro-forestry measures to enhance resilience of cocoa farmers to climate shocks in Soubre and Sinfra districts.

It will be implemented by the African Development Bank in collaboration with ICRAF and partners.

The Africa NDC Hub project

ACCF will be supporting NDCs Implementation in the continent through the The Africa NDC Hub.

The project will support African countries to accelerate access to climate finance and effective utilization of funds for the implementation of Nationally Determined Contributions (NDCs).

It will also support the pipeline development of eight project proposals, strengthening institutions in Namibia, Uganda, São Tomé and Príncipe and Cameroon.

The project will be implemented by the African Development Bank.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.