• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

AfDB commits $2 billion in 10 years to promote clean cooking in Africa  

Cyrus Ademola by Cyrus Ademola
May 16, 2024
in Business
AFDB
Share on FacebookShare on TwitterShare on Linkedin

The African Development Bank (AfDB) has pledged the sum of $2 billion to promote clean cooking, particularly among women and children in Africa.  

AfDB President, Akinwumi Adesina, said at an International Energy Agency conference on clean cooking in Africa on Tuesday in Paris, France, that the pledge amounts to 20% of the bank’s annual spending on energy.  

Adesina said clean cooking transcends mere culinary activities. It encompasses human dignity, fairness, justice, and equity for women. 

RelatedStories

Wale Edun pushes finance ministry directors to deliver 7% GDP growth 

FG to concession major national projects to repay loans – Finance minister 

May 30, 2025
Ex-Mauritania’s minister Dr. Sidi Ould Tah elected AfDB president to succeed Akinwumi Adesina 

Ex-Mauritania’s minister Dr. Sidi Ould Tah elected AfDB president to succeed Akinwumi Adesina 

May 29, 2025

According to the AfDB’s president, ensuring access to clean cooking methods will preserve at least 200 million hectares of forests worldwide, including 110 million in Africa, by the year 2030. 

“Access to clean cooking is more than cooking. It is about human dignity, fairness, justice, and equity for women. It is more than the lighting of the stoves; it is about life. 

“Access to clean cooking will save at least 200 million hectares of forests globally, with 110 million being in Africa, by 2030. 

“The African Development Bank will play a major part in this collective effort and will now allocate 20% of all its financing for energy in Africa to clean cooking. 

“I am therefore pleased to announce that the African Development Bank will commit $2 billion to clean cooking over the next ten years,” Adesina said.  

France’s Commitment  

On its part, the French government lauded the African Development Bank for its pivotal role and dedication to promoting clean cooking initiatives across Africa.  

French President Emmanuel Macron announced that France will commit €100 million ($108.6 million) over the next five years to advance clean cooking technologies in Africa.  

He also said that additional funds would be mobilized through the Paris Pact for People and the Planet and the Finance in Common initiative to support this project. 

“As part of the Paris Pact for People and the Planet, and with the commitment of Tanzania, Norway, the International Energy Agency, the AfDB, and many other partners, we are taking a step forward against this silent scourge today.  

“We are mobilizing $2.2 billion to provide clean alternatives to populations in Africa. 

“France pledges to invest €100 million over five years in clean cooking methods and will mobilize even more through the Paris Pact for People and the Planet and Finance in Common,” Macron said.  

More Insights 

In addition, President Samia Suluhu Hassan of Tanzania told the gathering that successfully advancing the clean cooking agenda in Africa would contribute towards protecting the environment, climate, and health, and ensuring gender equality. 

She made a strong call to the global community to ensure a bold replenishment of the next three-year cycle of the African Development Bank Group’s concessional window, the African Development Fund. 

“This summit underscores our commitment to advancing this agenda and providing a framework towards universal adoption of clean cooking fuels and technologies across the continent.  

“To guarantee resources for clean cooking, this summit has to call for a generous next replenishment of the African Development Fund that includes $12 billion for clean cooking,” President Suluhu said.  

The summit resulted In $2.2 billion pledges from the public and private sectors. 


Follow us for Breaking News and Market Intelligence.
Tags: AfDBAkinwumi Adesinaclean cooking in AfricaEmmanuel Macron
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

Related Posts

Wale Edun pushes finance ministry directors to deliver 7% GDP growth 
Economy

FG to concession major national projects to repay loans – Finance minister 

May 30, 2025
Ex-Mauritania’s minister Dr. Sidi Ould Tah elected AfDB president to succeed Akinwumi Adesina 
Breaking News

Ex-Mauritania’s minister Dr. Sidi Ould Tah elected AfDB president to succeed Akinwumi Adesina 

May 29, 2025
AfDB, AI
Economy

AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments 

May 29, 2025
AfDB enters a $1bn exposure exchange agreement with Asian Development Bank
Economy

AfDB projects $39.84 billion decline in foreign funding to Africa by 2025 amid aid cuts 

May 29, 2025
Nigeria’s GDP per capita falls to $824, worse than 1960 levels – AfDB President Adesina
Business News

Presidency disputes AfDB President Adesina’s claim that Nigerians are worse off now than in 1960 

May 5, 2025
Economy

Nigeria’s GDP per capita falls to $824, worse than 1960 levels – AfDB President Adesina

May 2, 2025
Next Post
shell, federal high court

Shell says fire at two-billion-cubic-feet Gbaran gas facility extinguished 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • EFCC arraigns SunTrust Bank MD, Executive Director over alleged $12 million money laundering 
  • Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 
  • Oil Subsidy Fraud: EFCC declares Fargo Petroleum MD wanted over alleged N976 million scam 

Follow us on social media:

Recent News

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC arraigns SunTrust Bank MD, Executive Director over alleged $12 million money laundering 

June 13, 2025

Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 

June 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics