|Approval Date||15 Feb 2019|
|Signature Date||15 Feb 2019|
|Planned Completion Date||31 Dec 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||41010|
This Fund for Africa Private Sector Assistance (FAPA) Project concerns the Private Sector Investment Initiative for Nationally Determined Contributions (NDCs) in Africa. It aims to enable Africa’s private sector participation into climate-related investments that support the implementation of the NDCs. The project includes two main components, namely: (1) Identification of NDC investment opportunities for the private sector and (2) Scaling climate Action through Climate technology and Innovation by SMEs.
The overall goal of the project is to enable Africa’s private sector participation into climate-related investments that support the implementation of the Nationally Determined Contributions (NDCs) in Africa under the Paris Agreement. The specific goals are to: (a) Enhance the private sector, especially SMEs, in improving the integration of climate change measures into private sector investment in Africa, with the view to translating African NDCs into bankable and viable projects and transactions by the private sector; (b) Enhance the capacity of NDC implementing entities and the private sector to develop projects with climate co-benefits to access concessional climate financing for their investments; (c) Support the alignment of NDCs within the Bank’s private sector operations; (d) Create an enabling environment for increased private sector investments in climate and green business in Africa; and (e) Facilitate the development, adoption and deployment of climate technologies in Africa.
The project will initially benefit the following six pilot countries: Egypt, Morocco, Angola, Mozambique, Nigeria and South Africa. In a second time, it will benefit all African countries.
Fund for African Private Sector Assistance
|Last Update||12 May 2021|