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.