The Board of Directors of the African Development Bank has approved the establishment of a €4 million Africa Circular Economy Facility to drive integration of the circular economy into African efforts to achieve nationally defined contribution (NDC) targets.

The Facility, a multi-donor trust fund, will operate over a period of 5-years and will receive an initial support of €4 million from the Government of Finland and the Nordic Development Fund(link is external). The board approval took place on 30 March 2022.