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Africa: Afreximbank Pushes for Accelerated Climate Financing At COP29

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Afreximbank has pledged to enhance its role in promoting a balanced energy transition in Africa, aiming to address the continent’s development priorities and unlock economic growth.
This commitment aligns with the African Union’s 2023 Nairobi Declaration and builds on outcomes from COP28, focusing on climate finance, loss and damage compensation, and the strategic use of gas as a transitional energy source.
The bank’s participation at COP29 in Baku highlights its support for integrating climate change policies with development objectives, leveraging the African Continental Free Trade Area (AfCFTA) to drive sustainable economic growth. These efforts are rooted in the principles of the AU’s Agenda 2063: The Africa We Want.
Afreximbank’s agenda at the summit includes advocating for the rapid implementation of the Loss and Damage Fund to provide timely financial support to African nations grappling with climate-related impacts.
The bank stresses the need for transparent and accessible funding mechanisms that directly aid communities most affected by climate change.
“Africa bears the brunt of global climate change despite contributing less than four percent to global emissions,” Afreximbank President Benedict Oramah said at the African Union’s pavilion on African Day at COP29.
He noted that climate change threatens economic growth, fuels migration, and heightens regional instability–a situation projected to worsen over the next decade.
“Immediate and decisive action is both a matter of environmental responsibility and sound economic policy, as the cost of inaction far exceeds that of proactive measures,” Mr Oramah added.
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He emphasised that climate financing for Africa and Caribbean Island States has become an urgent necessity.
The president highlighted that Africa requires between $1.3 trillion and $1.6 trillion annually in climate funding through 2030 to meet its needs. As a trade and development bank, Afreximbank will push for policies and investments to drive the continent’s energy transition, develop its natural resources responsibly, expand infrastructure, reduce energy poverty, and bolster trade.
The bank will also advocate for the scaling up of the New Collective Quantified Goal on Climate Finance to replace the unmet $100 billion annual target. Additionally, it will champion financial tools such as green bonds, concessional loans, and carbon markets to finance Africa’s climate initiatives.
At COP29, Afreximbank plans to engage in several panels and side events. On November 14, it will host a session titled “Financing a Green Transition in Solidarity,” featuring high-profile speakers including Oramah, AU Commissioner Ambassador Josefa Sacko, UNECA Executive Secretary Claver Gatete, and AfCFTA Secretary General Wamkele Mene.
On November 15, Afreximbank will participate in the “Sustainable Trade Africa” event, held in collaboration with UAE Trade and DCG. This event will showcase speakers like Yoofi Grant from Ghana
Read the original article on Business Day Africa.
AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
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AllAfrica is a voice of, by and about Africa – aggregating, producing and distributing 500 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.
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Govt Refutes Claims of Zambia’s Blacklisting from UN Human Rights Council

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By Mary Kachepa

The Ministry of Foreign Affairs has dismissed media reports suggesting that Zambia has been blacklisted from the United Nations Human Rights Council for alleged failure to uphold human rights standards. The Ministry clarified that the UN General Assembly has not considered nor adopted any resolution for the suspension or removal of Zambia from the Council because the country is currently not holding a seat at the Council.

Permanent Secretary in charge of International Relations and Cooperation, Etambuyu Gundersen, stated that Zambia intends to contest for a seat on the Council at the UN General Assembly elections in 2026 under the African States Region quota for SADC.

Ms. Gundersen told journalists at a media briefing hosted by the Ministry of Information and Media in Lusaka that the Special Rapporteur on freedom of opinion and expression is expected in the country on January 19 at the invitation of the government.

She noted that Zambia was among the inaugural members to serve on the Human Rights Council when it was established from 2006 to 2008.

Ms. Gundersen explained that the Human Rights Council is an intergovernmental body under the United Nations that comprises 47 member states elected by a majority vote of the UN General Assembly to serve for three years on a rotational basis. She further explained that countries are not eligible for immediate re-election after serving two consecutive terms.

Ms. Gundersen described as false an article published by the Daily Nation Newspaper that the United Nations has sanctioned Zambia for rights violations. She advised that while freedom of expression is a constitutional right, it must be exercised within the limits and confines of the law.

The post Govt Refutes Claims of Zambia’s Blacklisting from UN Human Rights Council appeared first on ZNBC-Just for you.

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Africa: CAF Confederation Cup – Enyimba's Quarterfinal Hopes Under Threat After Al Masry Draw

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The result leaves the two-time African champions in a precarious position, needing a win against group leaders Zamalek in their final match to have any chance of progressing to the quarterfinals
Nigeria Premier League side Enyimba are teetering on the brink of elimination from the CAF Confederation Cup.
This follows their 1-1 draw against Egyptian club Al Masry in their penultimate Group D fixture at the Godswill Akpabio International Stadium in Uyo on Sunday.
The result leaves the two-time African champions in a precarious position, needing a win against group leaders Zamalek in their final match to progress to the quarterfinals.
Even a victory might not suffice, as their fate also hinges on bottom-placed Black Bulls denying Al Masry a win in their last group-stage encounter.
Match summary
The visitors, Al Masry, took an early lead in the 7th minute through Mohamed Hashem, capitalising on a defensive lapse by the People’s Elephant. Despite Enyimba’s spirited efforts to find a response, they went into halftime trailing 1-0.
The second half started with renewed intensity from Enyimba, and their persistence paid off just two minutes after the restart. Ifeanyi Ihemekwele headed home a sublime equaliser, much to the home crowd’s delight.
Goalkeeper Ani Ozoemena emerged as the night’s hero, pulling off a series of crucial saves, including a penalty stop in the 68th minute, to keep Enyimba in the contest.
However, despite dominating possession and creating chances, the Nigerian side failed to find the winner that could have bolstered their quarterfinal aspirations.
Group D standings
After five rounds of matches, Zamalek have already secured their place in the quarterfinals, sitting comfortably atop the group with 11 points.
Al Masry, with six points, occupy second place and only need a victory against the Black Bulls to advance.
NPFL: Ideye strikes again as Enyimba edge past Nasarawa United
Enyimba, currently third with five points, face a daunting trip to Egypt for their final group game, where they must not only beat Zamalek but also rely on a favourable result in the other group fixture.
What’s next?
Enyimba face a do-or-die clash against Zamalek in Egypt, needing both a win and a stroke of luck in the other Group D match to keep their Confederation Cup dreams alive. Meanwhile, Al Masry will aim to seal their qualification with a win over the Black Bulls.
The stakes couldn’t be higher for the People’s Elephant as they prepare for their most critical game of the tournament.
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Team Lineups
Enyimba
Ani Ozoemena; Innocent Gabriel, Joseph Atule, Elijah Akanni, Nweke Kalu (Fatai Abdullahi 81′); Uwana Asuquo, Somiari Alalibo (Paschal Eze 80′), Chikamso Okechukwu; Divine Ukadike, Ekene Awazie (Brown Ideye 59′), Ifeanyi Ihemekwele (Bernard Ovoke 87′).
Al Masry:
Mahmoud Gad; Ahmed Eid, Mohamed Hashem, Khaled Sobhi, Hassan Ali; Samadou (Mohamed Makhlouf 32′), Mahmoud Hamada (Youssef El Gohary 78′), Khaled El-Ghandour (Karim Bambou 78′); Mohamed El-Shami, Fakhreddine Ben Youssef (Abdelrrehim Daghmoum 61′), Salah Mohsen.
Read the original article on Premium Times.
AllAfrica publishes around 500 reports a day from more than 110 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa – aggregating, producing and distributing 500 news and information items daily from over 110 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.
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UN Refutes Claims of Zambia’s Blacklisting from Human Rights Council

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By Hannock Kasama

The United Nations has dismissed as inaccurate and misleading media reports suggesting that Zambia has been blacklisted from the United Nations Human Rights Council for alleged failure to uphold human rights standards.

The UN clarified that membership to the Human Rights Council is achieved through elections where interested countries present their candidates for possible representation.

Information Centre National Information Officer, Mark Maseko, stated that Zambia has not sought election to the council for the 2023-2025 and 2024-2026 terms.

In a statement released in Lusaka today, Mr. Maseko explained that UN Human Rights Council member states are elected by the United Nations General Assembly based on equitable geographical distribution in a transparent process.

Mr. Maseko further emphasized that reports suggesting Zambia has been blacklisted are misleading, as they imply that all African countries without membership to the United Nations Human Rights Council are blacklisted.

Meanwhile, Ndola based Democracy Advocate, FABIAN MUTALE has urged political players to desist from Publishing falsehood.

Mr. MUTALE says political leaders must NOT cry political persecution when the law is enforced.

Mr. MUTALE told ZNBC News that it is disheartening that people are issuing alarming statements.

The post UN Refutes Claims of Zambia’s Blacklisting from Human Rights Council appeared first on ZNBC-Just for you.

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