Africa Climate Change Fund

What Africa Climate Change Fund does

The Africa Climate Change Fund (ACCF) is a multi-donor trust fund administered by the African Development Bank Group that finances climate resilience and low-carbon development projects across Africa. It is domiciled in Abidjan, Côte d'Ivoire, and operates as a programmatic instrument within the AfDB Group's broader climate finance ecosystem, which also includes the Climate Investment Fund (over $1 billion historically channeled), the Sustainable Energy Fund for Africa, the African Circular Economy Fund, and the Climate Action Window (targeting $4 billion mobilization by end of 2025). ACCF's primary customers are African national and regional governments, specifically the 54 African regional member countries of the parent institution, with 2024 project approvals of over $31 million directed to Sierra Leone, South Sudan, Djibouti, and Madagascar, expected to reduce 720,000 tonnes of CO₂ and create 180,000 jobs. Resources flow into the fund via member-country subscriptions, borrowings on international capital markets enabled by the parent institution's AAA credit rating, and replenishments from the African Development Fund.

ACCF's business model is that of a multilateral development finance mechanism rather than a commercial enterprise; pricing terms are negotiated project-by-project with sovereign counterparties and are not publicly disclosed. The fund relies on the AfDB Group's continent-wide country office network and regional hubs for distribution, and on institutional channels such as COP climate negotiations and annual meetings for top-of-funnel engagement. Ownership rests with the 81 member countries (54 African regional and 27 non-regional from the Americas, Asia, Europe, and the Middle East), with African-majority voting power and an African president. Strategic partnerships with the World Bank, IMF, and United Nations anchor coordination on shared development and climate goals.

Name

Africa Climate Change Fund

Legal name

Africa Climate Change Fund

Website

https://afdb.org

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

The Africa Climate Change Fund is a multi-donor trust fund under the African Development Bank Group that channels climate finance to African member-country governments for adaptation, mitigation, and low-carbon development projects.

Ownership category

akta.pro rank

Product category

Climate Finance / Development Finance

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (81321)

SIC

International Affairs (9721), Foreign Governments (8888)

akta.pro primary industry

Climate Finance Funds & Green Investment Facilities (BPADACAH)

akta.pro secondary industries

Climate / Clean Tech & Decarbonization Funds (FSANAJAA), Environmental & Climate Grantmaking Foundations (BPAGAKAM), Climate Finance, Carbon Markets & MRV Systems (BPADALAB), Renewable Energy & Energy Transition Funds (FSANAJAB), Grantmaking & Philanthropic Funds (Institutional Donors) (BPADAOAB)

Keywords

• Climate finance
• Development finance
• Climate adaptation
• Climate resilience
• Multilateral lending

Headquarters

HQ city

Abidjan

HQ country

Côte d’Ivoire

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Climate Finance Deployment: The Africa Climate Change Fund operates as a multilateral development finance mechanism that channels climate finance to African countries. Resources come from subscriptions by member countries, borrowings on international markets, and replenishments from the African Development Fund.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

The Africa Climate Change Fund is a multi-donor trust fund and climate finance instrument under the African Development Bank Group that channels financial resources to African countries for climate adaptation, mitigation, and resilience projects. It deploys capital alongside complementary instruments (Climate Investment Fund, Sustainable Energy Fund for Africa, African Circular Economy Fund, Climate Action Window) to support Paris Agreement compliance, reduce CO₂ emissions, and build climate resilience. In 2024, the fund approved over $31 million for projects in Sierra Leone, South Sudan, Djibouti, and Madagascar, with expected outcomes of 720,000 tonnes of CO₂ reduction and 180,000 jobs created.

Product overview

The Africa Climate Change Fund is one of several climate finance instruments deployed by the African Development Bank Group to support African countries in tackling climate change and meeting Paris Agreement commitments. These include the Climate Investment Fund (which has channeled over $1 billion), Sustainable Energy Fund for Africa, African Circular Economy Fund, and Climate Action Window (targeting $4 billion mobilization by 2025). Together with the broader AfDB Group, these instruments provide financing, technical expertise, and advisory services to help countries reduce emissions, build climate resilience, and create sustainable development outcomes across the continent.

Differentiator

Problem solved

Functional benefit

Products and services

• Africa Climate Change Fund A climate finance instrument under the African Development Bank Group that supports African countries in adapting to climate change and meeting Paris Agreement commitments through funding and technical assistance.
• Climate Investment Fund A major climate finance vehicle through which the African Development Bank has channeled over $1 billion to support climate resilience projects in African countries.
• Sustainable Energy Fund for Africa A climate finance instrument focused on supporting sustainable energy initiatives across the African continent.
• African Circular Economy Fund A climate finance instrument supporting circular economy initiatives to address environmental sustainability in Africa.
• Climate Action Window A climate finance instrument with a goal to mobilize $4 billion by end of 2025 to support climate adaptation and resilience across Africa.

Quantifiable outcome

• 720,000 tonnes of CO₂ reduction expected from 2024 climate resilience projects
• +1 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• World BankcoreStrategic or Co-development PartnerOne of five multilateral development banks worldwide. The AfDB and World Bank maintain close cooperation and partnership ties while retaining complete institutional independence. Collaboration on development projects and shared commitment to the Millennium Development Goals.
• International Monetary FundcoreStrategic or Co-development PartnerPartnership for coordinating economic policy advice and development financing support to African member countries.
• United NationscoreStrategic or Co-development PartnerLong-standing partnership supporting achievement of development goals including the Millennium Development Goals and related UN initiatives.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• European Investment Bank (EIB): One of the world's largest multilateral lenders with a major climate action lending program. Comparable as a AAA-rated multilateral institution with significant climate finance mobilization capacity.
• International Finance Corporation (IFC): The World Bank Group's private-sector arm financing climate-aligned private investment in emerging markets. Overlaps with the Africa Climate Change Fund's mandate of mobilizing climate capital in developing regions but with a private-sector and broader emerging-markets focus.
• World Bank Climate Action: The World Bank Group's climate finance platform channeling billions of dollars annually to developing countries. Comparable as a multilateral climate financier and existing partner of the AfDB, but with a broader global rather than Africa-only focus.
• KfW Development Bank: Germany's state-owned development bank with substantial climate finance deployment in Africa. Comparable as a bilateral/multilateral climate financier operating in Africa with concessional lending instruments.

Direct peers

• Clean Technology Fund (CTF): A CIF-administered trust fund supporting large-scale clean technology deployment in middle-income developing countries. Directly comparable in funding mechanism and partnership with MDBs.
• Adaptation Fund: A multilateral fund under the Kyoto Protocol financing concrete adaptation projects in vulnerable developing countries. Directly comparable in size, mandate, and beneficiary type (developing-country governments).
• UNFCCC Standing Committee on Finance: Coordinates UNFCCC climate finance workstreams and tracks flows under the Paris Agreement. Comparable as a coordinating multilateral body channeling climate finance to developing-country recipients.
• Green Climate Fund (GCF): The largest dedicated multilateral climate fund, channeling public and private finance to developing countries for adaptation and mitigation. Directly comparable as a multi-donor trust fund structure serving developing-country governments.
• Global Environment Facility (GEF): A multilateral trust fund financing projects addressing biodiversity, climate, and land degradation in developing countries. Comparable as a peer multilateral fund with a project-based grantmaking model targeting developing-country governments.
• Climate Investment Funds (CIF): A multilateral climate finance vehicle with a similar multi-trust-fund structure coordinating with MDBs like the AfDB. Directly comparable to the Africa Climate Change Fund in mandate and structure, and an existing partner.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/AfDB_Group
• YouTubeyoutube.com/user/afdbcomu
• LinkedInlinkedin.com/company/african-development-bank
• Instagraminstagram.com/afdb_group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Africa Climate Change Fund