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
(ACTIVA) - As part of its strategic regional partnership with LaLiga, ACTIVA has officially launched the ACTIVA x LaLiga digital platform, an initiative...
GCB Bank plans to launch a Sharia-compliant banking window in partnership with IIFM. The move aims to offer non-interest financial products based on...
Gabon suspended import duties, VAT, and scanning fees on essential goods for six months to curb living costs. The government targeted food...
Africa-based investors accounted for 30% of active VC players in 2025 Total VC funding reached $3.9 billion across 506 deals Venture debt jumped...
Most Read
01

Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...

Absa Kenya Imports a Telecom Playbook in Bid to Reinvent Retail Banking
02

Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...

Safaricom launches M-Pesa platform for stock trading in Kenya
03

MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...

DRC Accuses MTN of Illegal Operations, Spotlighting Border Frequency Issues
04

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
05

Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around ...

After Côte d’Ivoire, Ghana Faces Cocoa Stock Build-Up as Prices Collapse
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.