Africa Climate Change Fund (ACCF)
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Africa Climate Change Fund (ACCF)
The Africa Climate Change Fund, often known as the Fund or ACCF, is a multi-donor trust fund that is specifically designed to support the African Development Bank's (AfDB) efforts to finance climate change three times as much as possible while also advancing the bank's mission to create an Africa that is resilient to climate change. The ACCF wants to see more money raised for climate-related initiatives that consider how climate change is affecting African nations. As a result, the fund's purpose was to function as a catalyst for a variety of low-carbon and climate-resilient initiatives. History It was founded in April 2014 by the African Development Bank with the goal of assisting African nations in strengthening their defenses against the adverse effects of climate change and making the transition to low-carbon, sustainable economy. Germany's international development organization, Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), provided the ACC with an in ...
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Trust Fund
A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person. In the English common law, the party who entrusts the property is known as the "settlor", the party to whom it is entrusted is known as the "trustee", the party for whose benefit the property is entrusted is known as the "beneficiary", and the entrusted property is known as the "corpus" or "trust property". A ''testamentary trust'' is an irrevocable trust established and funded pursuant to the terms of a deceased person's will. An inter vivos trust is a trust created during the settlor's life. The trustee is the legal owner of the assets held in trust on behalf of the trust and its beneficiaries. The beneficiaries are equitable owners of the trust property. Trustees have a fiduciary duty to manage the trust for the benefit of the equitable owners. Trustees must provide regular accountings of trust incom ...
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Eswatini
Eswatini, formally the Kingdom of Eswatini, also known by its former official names Swaziland and the Kingdom of Swaziland, is a landlocked country in Southern Africa. It is bordered by South Africa on all sides except the northeast, where it shares a border with Mozambique. At no more than north to south and east to west, Eswatini is one of the smallest countries in Africa; despite this, its climate and topography are diverse, ranging from a cool and mountainous highveld to a hot and dry lowveld. The population is composed primarily of Swazi people, ethnic Swazis. The prevalent language is Swazi language, Swazi (''siSwati'' in native form). The Swazis established their kingdom in the mid-18th century under the leadership of Ngwane III. The country and the Swazi take their names from Mswati II, the 19th-century king under whose rule the country was expanded and unified; its boundaries were drawn up in 1881 in the midst of the Scramble for Africa. After the Second Boer War, ...
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Investment Funds
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable securities, or short collective inves ...
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Flanders
Flanders ( or ; ) is the Dutch language, Dutch-speaking northern portion of Belgium and one of the communities, regions and language areas of Belgium. However, there are several overlapping definitions, including ones related to culture, language, politics, and history, and sometimes involving neighbouring countries. The demonym associated with Flanders is Flemings, Fleming, while the corresponding adjective is Flemish people, Flemish, which can also refer to the collective of Dutch dialects spoken in that area, or more generally the Belgian variant of Standard Dutch. Most Flemings live within the Flemish Region, which is a federal state within Belgium with its own elected government. However, like Belgium itself, the official capital of Flanders is the City of Brussels, which lies within the Brussels, Brussels-Capital Region, not the Flemish Region, and the majority of residents there are French speaking. The powers of the Flemish Government in Brussels are limited mainly ...
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Germany
Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total population of over 84 million in an area of , making it the most populous member state of the European Union. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The Capital of Germany, nation's capital and List of cities in Germany by population, most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic peoples, Germanic tribes have inhabited the northern parts of modern Germany since classical ...
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Quebec
Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, New Brunswick to the southeast and a coastal border with the territory of Nunavut. In the south, it shares a border with the United States. Between 1534 and 1763, what is now Quebec was the List of French possessions and colonies, French colony of ''Canada (New France), Canada'' and was the most developed colony in New France. Following the Seven Years' War, ''Canada'' became a Territorial evolution of the British Empire#List of territories that were once a part of the British Empire, British colony, first as the Province of Quebec (1763–1791), Province of Quebec (1763–1791), then Lower Canada (1791–1841), and lastly part of the Province of Canada (1841–1867) as a result of the Lower Canada Rebellion. It was Canadian Confederation, ...
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Green Climate Fund
The Green Climate Fund (GCF) is a Funding, fund for climate finance that was established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC). Considered the world's largest fund of its kind, GCF's objective is to assist Developing country, developing countries with climate change adaptation and Climate change mitigation, mitigation activities. The GCF is an operating entity of the financial mechanism of the UNFCCC. It is based in Songdo, Incheon, South Korea. It is governed by a Board of 24 members and supported by a Secretariat. Mafalda Duarte, a Portuguese development economist, is the Fund's Executive Director. The Green Climate Fund supports projects and other activities in developing countries using ''thematic funding windows''. It is intended that the Green Climate Fund be the centrepiece of efforts to raise Climate Finance, climate finance under the UNFCCC. There are four other, smaller Multilateralism, multilateral climate funds for ...
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Côte D'Ivoire
Ivory Coast, also known as Côte d'Ivoire and officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital city of Yamoussoukro is located in the centre of the country, while its largest city and economic centre is the port city of Abidjan. It borders Guinea to the northwest, Liberia to the west, Mali to the northwest, Burkina Faso to the northeast, Ghana to the east, and the Atlantic Ocean's Gulf of Guinea to the south. With 31.5 million inhabitants in 2024, Ivory Coast is the third-most populous country in West Africa. Its official language is French, and indigenous languages are also widely used, including Bété, Baoulé, Dyula, Dan, Anyin, and Cebaara Senufo. In total, there are around 78 languages spoken in Ivory Coast. The country has a religiously diverse population, including numerous followers of Islam, Christianity, and traditional faiths often entailing animism. Before its colonisation, Ivory Coast was ho ...
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Zanzibar
Zanzibar is a Tanzanian archipelago off the coast of East Africa. It is located in the Indian Ocean, and consists of many small Island, islands and two large ones: Unguja (the main island, referred to informally as Zanzibar) and Pemba Island. The capital is Zanzibar City, located on the island of Unguja. Its historic centre, Stone Town, is a World Heritage Site. Zanzibar is also a Autonomous administrative divisions, semi-autonomous region that united with Tanganyika (1961–1964), Tanganyika in 1964, and formed the present-day Tanzania, United Republic of Tanzania. The archipelago's main Industry (economics), industries are spices, raffia palm, raffia, and tourism. The main spices produced are clove, nutmeg, cinnamon, coconut, and black pepper. The Zanzibar Archipelago, together with Tanzania's Mafia Island, are sometimes referred to locally as the "Spice Islands". Tourism in Zanzibar is a more recent activity, driven by government promotion that caused an increase from 19,000 ...
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Cape Verde
Cape Verde or Cabo Verde, officially the Republic of Cabo Verde, is an island country and archipelagic state of West Africa in the central Atlantic Ocean, consisting of ten volcanic islands with a combined land area of about . These islands lie between west of Cap-Vert, the westernmost point of continental Africa. The List of islands of Cape Verde, Cape Verde islands form part of the Macaronesia ecoregion, along with the Azores, the Canary Islands, Madeira and the Savage Isles. The Cape Verde archipelago was uninhabited until the 15th century, when Portuguese Empire, Portuguese explorers colonized the islands, establishing one of the first Age of Discovery, European settlements in the tropics. Due to its strategic position, Cape Verde became a significant location in the Atlantic slave trade, transatlantic slave trade during the 16th and 17th centuries. The islands experienced economic growth during this period, driven by their role by the rapid emergence of merchants, priva ...
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Kenya
Kenya, officially the Republic of Kenya, is a country located in East Africa. With an estimated population of more than 52.4 million as of mid-2024, Kenya is the 27th-most-populous country in the world and the 7th most populous in Africa. Kenya's capital and largest city is Nairobi. Its second-largest and oldest city is Mombasa, a major port city located on Mombasa Island. Other major cities within the country include Kisumu, Nakuru & Eldoret. Going clockwise, Kenya is bordered by South Sudan to the northwest (though much of that border includes the disputed Ilemi Triangle), Ethiopia to the north, Somalia to the east, the Indian Ocean to the southeast, Tanzania to the southwest, and Lake Victoria and Uganda to the west. Kenya's geography, climate and population vary widely. In western, rift valley counties, the landscape includes cold, snow-capped mountaintops (such as Batian, Nelion and Point Lenana on Mount Kenya) with vast surrounding forests, wildlife and ...
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Mali
Mali, officially the Republic of Mali, is a landlocked country in West Africa. It is the List of African countries by area, eighth-largest country in Africa, with an area of over . The country is bordered to the north by Algeria, to the east by Niger, to the northwest by Mauritania, to the south by Burkina Faso and Ivory Coast, and to the west by Guinea and Senegal. The population of Mali is about 23.29 million, 47.19% of which are estimated to be under the age of 15 in 2024. Its Capital city, capital and largest city is Bamako. The country has 13 official languages, of which Bambara language, Bambara is the most commonly spoken. The sovereign state's northern borders reach deep into the middle of the Sahara, Sahara Desert. The country's southern part, where the majority of inhabitants live, is in the Sudanian savanna and has the Niger River, Niger and Senegal River, Senegal rivers running through it. The country's economy centres on agriculture and mining with its most promine ...
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