Public Management

AfDB pledges $2 billion to promote clean cooking in Africa by 2030

AfDB pledges $2 billion to promote clean cooking in Africa by 2030
Wednesday, 15 May 2024 10:26

Primitive cooking methods fueled by wood, animal dung, or agricultural residues cause the premature deaths of 600,000 people in Africa annually due to respiratory diseases linked to inhaling toxic particles.

Akinwumi Adesina, President of the African Development Bank (AfDB), announced yesterday the disbursement of $2 billion to facilitate access to clean cooking solutions across Africa over the next decade. He was speaking during the Summit on Clean Cooking in Africa, organized by the AfDB and the International Energy Agency (IEA), and held in Paris.

According to Adesina, this commitment represents 20% of the bank's annual financing for the energy sector. The summit also saw Norwegian Prime Minister Jonas Gahr Store pledge $50 million to the cause, in the presence of some twenty African heads of state and government, the Director General of the World Health Organization (WHO), and the President of Azerbaijan, which will host the next UN Climate Change Conference.

Moreover, the European Union (EU) promised a funding of €400 million ($431 million). According to recent data released by the ADB, over 900 million people in Africa still lack access to clean cooking solutions and rely on woody biomass or fossil fuels.

The use of primitive cooking systems is not only responsible for the premature deaths of 600,000 people annually on the African continent due to respiratory diseases but also contributes to 3% of greenhouse gas emissions.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• Togo’s GDP grew 17.7% in Q4 2024• Agriculture, construction, services drove sharp year-end rebound• Electricity, hospitality, and public sector saw...
• Morocco’s Jobzyn secures pre-seed funding from pan-African fund Janngo Capital.• Startup uses AI to match candidates, assess soft skills, and streamline...
• Acumen rolls out second KawiSafi fund with $90 million capital, $40 million secured.• Fund targets 50 million people, avoiding 50 million...
Africa registered a 12% increase in international tourist arrivals in H1 2025, the highest global growth. North Africa and Sub-Saharan Africa...
Most Read
01

Nigeria’s fintech landscape has undergone a seismic shift in recent years, driven largely by persist...

In Nigerian, Bank Technology Failures Pushed OPay and PalmPay to Leadership in Daily Payments
02

• Benin’s FeexPay and Côte d’Ivoire’s Cinetpay receive BCEAO payment service licenses• Both firms ex...

WAEMU fintech industry strengthens with two new BCEAO regulatory approvals
03

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
04

Zenith Bank picks Côte d’Ivoire for $90M debut into Francophone Africa, confirming ambition t...

Zenith Bank Moves to the WAEMU/CEMAC  $92.4 Billion Loan Book Appeal, When Half Seats Are Taken
05

Niger’s economy grew 10.3% in 2024 and is projected to expand 6.6% in 2025. Yet non-performin...

Niger’s rapid growth shadowed by fragile banking sector
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.