TDB Group and GGGI partner to boost climate adaptation funding in Africa

Following the COP28 global climate summit, the Eastern and Southern African Trade and Development Bank Group (TDB Group) and the Global Green Growth Institute (GGGI) have joined forces to enhance cooperation in climate adaptation funding. Signed on December 20, 2023, the agreement aims to accelerate TDB’s implementation of its climate finance strategy across its member states in Africa.

The framework established between TDB Group and GGGI focuses on pursuing eligible transactions that contribute to sustainable economic growth across the continent. Specifically, the partnership will explore opportunities in adaptation finance, co-financing, and project finance within the region served by TDB.