Wednesday, December 11, 2019
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November / 2019
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TOPICS:
Nordic aid budgets
Localisation
NGO consolidation
Norway-Guyana deal
Ethiopia Blue Nile dams
Swedish NGO funding
AMC vaccine deal
Forests and REDD
World Bank corruption
Danes and CDM
SEKAB biofuel affair
Humanitarian space

Donors scrap political governance of NORSAD investment fund

Fifteen governments will close down the two-decade-old NORSAD fund that was established to support enterprises across Southern Africa.

Its will be turned over to a limited company owned by Nordic and African investment funds and new capital will be injected to revitalise the stranded project.

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Business

Bypassing Africa. Donors pour climate aid into emission reductions
New data on climate aid financing shows that donors are failing miserably to live up to past promises. Funds are not “new and additional” and the overwhelming emphasis on mitigation - reducing emissions - instead of helping countries adapt to climate change serves donor interests over those of Africa. Norway is, in this regard, one of the worst offenders. Dutch, Swedish and Finnish climate aid favours adaptation over mitigation.
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NDF, World Bank fund low-carbon energy study in Africa
The Nordic Development Fund will commission a EUR 1.1 million energy study on technologies and financing for low-carbon development in Sub-Saharan Africa.
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Related articles

‘New Norsad’ could become untied African window for IFU
Board dissolves 'old' NORSAD, Nordic DFIs step in
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