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
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists Loans granted by Togolese microfinance institutions...
Gabon plans to raise up to CFA331 billion in domestic debt in early 2026 The revised target is about 43% higher than initially...
Africa looks smaller in SG’s 2025 accounts mainly due to subsidiary sales, not a collapse in demand or operating activity. SG exits some markets...
Proparco has invested in Helios Climate Fund, managed by Helios Investment Partners The fund has raised about $250 million after a second...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...

Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
03

African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...

African Startup M&A Hits Record 67 Deals in 2025, Led by Fintech
04

Royal Air Maroc signed a deal with DAE to lease 13 Boeing 737-8 aircraft. Deliveries are schedule...

Royal Air Maroc to lease 13 Boeing 737-8 jets from DAE as fleet expansion continues
05

Visit scheduled from February 4 to 6, 2026, at the invitation of President Hakainde Hichilema Tal...

Ghana’s president to visit Zambia to deepen economic and trade cooperation
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.