6 African Countries to Receive Fresh Climate Action Funding

Six African countries are expected to receive USD1.1 billion in

from the Climate Investment Funds, a financing instrument managed by development banks. Mozambique, Niger and Zambia will each be given USD50 to USD70 million in grants to help improve their climate risk resilience. South Africa will get USD500 million for its renewable energy projects while Morocco will receive USD150 million for the establishment of its national energy development fund. Egypt will receive USD300 million to for the development of its wind power and low-carbon transport systems.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.