$1 Billion to Boost Access to Climate Finance for Africa's Youths, African Development Bank Announces

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Press Release - In Nairobi, African Development Bank president Adesina announced a new $1 billion fund to accelerate climate financing for Africa's youth businesses.

, GCA's CEO Patrick Verkooijen, Kenya's Cabinet Secretary for Youth Affairs, the Arts and Sports Ababu Namwamba, Anne Beathe Tvinnereim, Norway's Minister of International Development, Kerrie Simmonds, Minister of Foreign Affairs for Barbados, as well as other dignitaries.

"Africa's youth are the present. It is their views and perspectives that are going to change the continent," Adesina said."Failing to invest in the youth will hurt Africa, failure is not an option." He noted Kenya was the first country to ratify the Sports for Climate Action Initiative under the United Nations Framework Convention on Climate Change. Under the initiative, sports organisations will be able to pursue climate action in a consistent and mutually supportive fashion through disseminating good practices, lessons learned and collaboration.

 

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