Through the African Financial Alliance on Climate Change (AFAC), the African Development Bank offers technical assistance to African financial institutions to help them manage climate-related risks and unlock opportunities in green investments
ABIDJAN, Ivory Coast, May 15, 2025/APO Group/ --
A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters (www.AfDB.org) in Abidjan, Cote d’Ivoire. The visit, jointly hosted by the Climate Change and Green Growth Department and the Financial Sector Development Department, focused on sharing tools and best practices for integrating climate and sustainability considerations into the institution's financial operations
Through the African Financial Alliance on Climate Change (AFAC) (https://apo-opa.co/4dCVDFL), the African Development Bank offers technical assistance to African financial institutions to help them manage climate-related risks and unlock opportunities in green investments.
Africa remains highly vulnerable to the impacts of climate change, with climate-induced losses projected to reach up to $50 billion annually by 2030, equivalent to as much as 15% of the continent’s GDP. Despite this vulnerability, Africa holds immense potential for sustainable investment, leveraging its abundant natural capital, including land, minerals, and renewable energy resources. Mobilizing domestic capital towards long-term sustainable investments is key to realizing this potential.
Public development banks are instrumental in steering capital toward priority sectors by de-risking innovative and sustainable investments.
Batchi Baldeh, Director of Power Systems Development and DBN board member, remarked, “Through targeted investments, the African Development Bank is committed to strengthening institutions such as the Development Bank of Nigeria to foster youth employment and drive resilient and sustainable development.”
Dr. Anthony Nyong, Director of the Climate Change and Green Growth Department, emphasized the importance of peer learning among African institutions. “The Bank’s Ten-Year Strategy serves as a framework to deepen regional and global partnerships and expand access to concessional financing from mechanisms such as the Green Climate Fund. To this end, the Bank provides technical assistance to regional and national financial institutions to create green jobs and build resilience into their operations,” he said.
Ahmed Attout, Director of Financial Sector Development at the Bank, said: “The Development Bank of Nigeria remains a key strategic partner of the Bank in the implementation of flagship programs that are geared at expanding access to finance for underserved sections of the society, especially Women and Youth in Nigeria. Visits like this reinforce our partnership and strengthen our impact, and we look forward to building on the opportunities identified this week”.
Jeremiah Dan-Okayi, DBN Head of Strategy and Policy, remarked that this visit was timely for the implementation of its green finance strategy. Beyond technical knowledge, the visit also opened new avenues for collaboration to strengthen our role in building a more resilient and inclusive financial system in Nigeria", he said.
The African Development Bank continues to rally partners through the African Financial Alliance on Climate (AFAC) to provide technical assistance to regional financial institutions to increase financing for sustainable investments.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Thank god always good to hear positive news from Somalia !
good somalis
Well done keep processing it will take a lot of effort to re-build what we destroyed..
progressing**
Some separatists will not like this news because every positive news from the south means, no one will believe that they are "the only peaceful region" anymore and no backpackers to listen to their delusional minds.
Hormuud, Telesom and Golis are all the same and are the company Dhiigshiil closed and robbed aka Al Barakat.
Al Barakat owner, was a genius and smart business man and Dhiigshiil couldnt beat him so they conspired the terrorist charges but that is now on its own door steps. What goes around comes around.
Unlike Dhiigshiil who rely on Garadag habar and few South Sudanese, Al Barakat tycoon was a smart man who still puts Somalis first regardless of clan and politics. For example in the north he gave them Telesom, in central Golis and Hormuud for the south. Majority shareholders of Telesom are northerners, Golis shareholders are mainly central and Hormuud is to give back to the south.
While Dhiigshiil simply thinks people don't see their naked war against Somalis and hate for Somalia. Until now its not clear why Somali government lets them to operate in the south? It only shows the tolerance from the southern brothers. I know when they addressing southern users they simply refer to them as "reer hamarka xuun".
Mohammed Sulaymon Barre was the mastermind that Dhiigshiil used to close down Al Barakat, which had no ties to no terrorism. God knows this and He will repay back Dhiigshiil its deeds. Don't be surprised if its closed and you loose your money.
"Barre explained that the two hawalas were competitors, and that when al-Barakat was suspended, its former customers shifted their business to Dhiigshiil."
Furthermore: 9/11 Commission cited 'No Direct Evidence That al-Barakaat Funded Terrorism' and that 'The FBI agent who led the second U.S. delegation said diligent investigation in the UAE revealed no “smoking gun” evidence— either testimonial or documentary — showing that al-Barakaat was funding AIAI or al-Qaeda." All fake propaganda generated in the Hawala offices of tribalist Dhiigshiil.
On 17th Feb 2012, all of the al-Barakaat companies were finally removed entirely from the terror list and the case of al-Barakaat was closed as it was delisted by the UN Security Council al-Qaida Sanctions Committee. The delisting included al-Barakaat Group of Companies Owner and CEO Mr. Ahmednur Jim'ale along with all of the 17 listed entities associated with al-Barakaat Group of Companies including Barakaat Bank of Somalia, al-Barakaat Exchange and Barakaat Telecommunications Company
I congratulate Hormuud and Jimaale, who is Duduble btw and many of my friends are indeed.
@ kayse
I am pure mogdishu person, Hormuud is still under the watchful eye of IC for many reasons. one thing is for sure Hormuud will only have small % communication sector other semi-autonumous states accept Haw!ye control areas. so, don't sell hormuud to other somali community.
This is a Al-Qaida Company funded on the proceeds of the $dollars made from the deforestation of Kismanyo and the Jubba valley.
It won't be long before it gets shut down!
Who would believe Kayse the liar ..now he's saying that the US Govt of 9/11 were influenced by
dahabshiil remittance tycoon business reputed company whose business is globalwide.
Sahra mj tata and ayanle dhulos keep clapping for the bs of Kayse dissident looma ooyaan.
Cheers.
I am "Ayanle Dhulos" and i endorse every message from Kayse or Sahra ! Please believe that !
lool horta bro ma tahay ayanle dhulos-kii paltalka ku dhuusi jiray marku hawiye=ho magahayo?
Cheers
I have a job sir i can't afford to do paltalk on top of somalilandpress !
paltalk it look like you've never work day in your life haa and what is it with this obsession you have men's behind farting thing come to think of I don't want to touch it goodness gracious this beyond weird!!!
@Mohammad Cheers
What I said before was rude and disrespectful please discard it….!!!!!!!!!! This comment was below the belt. Accept My apology.
Who should we believe sheep like you who would do listen to anything. There is a term for people like that, they are called gullible or a man like Kayse who doesn't sugar coat the fact of reality. Kayse is a man who says what he believes and believes what he says without hesitation. Furthermore He analyzed the situation deeply and realized there really is no hope and after all that wasn't easy for him those are his people and this is where he comes from. Lets use common sense which side would be more believable. I would leave that you to ponder.
Ciao
loool Ciao you have the styles of Yusuf aka Abraham…am I off track again and in for another
big bang?
Cheers.
This article has big Question mark written all over it.
Folks, What happened to the Djibouti-Somaliland Somcable affairs? What's the latest progress
reports?
Cheers.
Folks, happy new year.
Cheers.
Cadnan, Tribalism is something that is not going anywhere in our history, but speculate the tribes of other readers on this side is rubbish. The reason why everone is skeptical of Hargeysa is of their so called state and policy on Ishaaq and Daarod…acording to them we are primitive compared to them. Mogadishu and Bossaso are just as beautiful and I am Darood. So in conclusion remember stop teasing Daarod and Ishaaq , just because they are working hard while the hawiye only have Hormuud and Lido beach.
Looool idoooors are mad..
0618650091