Multilateral Development Banks’ Climate Finance hits $51 billion in 2021

Climate finance committed by major multilateral development banks (MDBs) rose in 2021 with over $19 billion committed to climate change adaptation finance, according to the Joint Report on Multilateral Development Banks’ Climate Finance, published on Friday. The report tracks the progress of MDBs in relation to their climate finance targets such as those announced at COP21 and…

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Sasol and ArcelorMittal SA in Hydrogen Deal

South African-based global energy and chemicals company Sasol and steel company ArcelorMittal South Africa (AMCO)  have signed a Memorandum of Understanding (MoU) to cooperate on green energy development and the decarbonisation of the manufacturing industry during the African Energy Week in Cape Town. Signed by Priscillah Mabelane, Executive Vice President at Sasol and Aldridge Louis,…

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African Development Bank’s AFAWA initiative punts Africa’s women-led businesses

The African Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative is launching its second call for proposals for the Women Entrepreneurship Enablers program, targeting women’s business associations, incubators, accelerators, women-led cooperatives, and civil society organizations that promote the development of women entrepreneurs on the continent. AFAWA is offering grants of up…

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Amazon.com to invest over 1 billion euros in European electric van, truck fleet

 Amazon.com says  it will invest more than 1 billion euros ($974.8 million) over the next five years in electric vans, trucks and low-emission package hubs across Europe, accelerating its drive to achieve net-zero carbon. The retailer said the investment was also aimed at spurring innovation across the transportation industry and encouraging more public charging infrastructure…

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Solar energy to power Vodacom  Midrand campus

Vodacom South Africa’s Midrand campus will add power generation infrastructure to their massive headquarters with solar photovoltaic (PV) panels installed as part of the telco’s sustainable strategy around energy management. This solution will allow Vodacom’s headquarters to generate around 10.8 gigawatt-hours (GWh) of its own clean power every year, which is roughly 21% of the…

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