Multinational - Fund for Africa Private Sector Assistance (FAPA): Private Sector Investment Initiative for Nationally Determined Contributions (NDCs) in Africa


Project Summary

Approval Date 15 Feb 2019
Signature Date 15 Feb 2019
Planned Completion Date 31 Dec 2021
Sovereign / Non-Sovereign Sovereign
Sector Environment
DAC Sector Code 41010
Commitment U.A 724,979.16
Status Implementation

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
Fund for African Private Sector Assistance

Information

IATI identifier 46002-P-Z1-C00-076
Last Update 19 Oct 2020

Export

Contact Details

Email fapa@afdb.org

Geographic Location

Country Multinational