African Development Bank Secures $18 Million for Environmental Projects in Africa
The $60-million GEM program aims to reduce e-waste generation and increase circularity in the electronics sector of developing countries.
ABIDJAN, Ivory Coast — The African Development Bank has obtained over $18 million in funding from the Global Environment Facility (GEF) for two major environmental sustainability projects in Africa, writes Winston Mwale.
The first project, allocated $10.57 million, aims to improve management of the Zambezi River Basin spanning eight southern African countries.
Titled "Strengthening Zambezi River Basin Management towards Climate Resilience and Ecosystem Health," it focuses on collaborative management of water, energy, food, and environmental resources.
The second project, receiving $7.83 million, addresses electronic waste challenges in Somalia, Djibouti, and Ethiopia.
It's part of the broader Global Electronics Management (GEM) program.
GEF approved the funding during its 67th Council meetings in Washington DC, held June 17-20, 2024.
Anthony Nyong, Director of Climate Change and Green Growth at the African Development Bank, said, "Through these projects, the African Development Bank continues to lead the way in promoting environmental sustainability and resilience, driving positive change for both people and the planet."
The Zambezi River Basin project, estimated to cost $9.45 million, is expected to benefit millions through advancements in agriculture, fisheries, and dam operations.
The $60-million GEM program aims to reduce e-waste generation and increase circularity in the electronics sector of developing countries.
These initiatives underscore the African Development Bank's commitment to sustainable development and environmental resilience across the continent.