Friday, November 25, 2022
HomeNewsAfricaAfDB enrolls Kenya, 4 national banks in COP27 green banking fund

AfDB enrolls Kenya, 4 national banks in COP27 green banking fund

The just-started COP27 UN climate change confererence is being billed as the conference for Africa given Egypt is hosting. One major issue on the table is funding: Who will foot the bill for climate adaptation and mitigation projects? Waiting for the West to come through with much-needed funding has proven disappointing, and leaves Africa in a vulnerable position.

“We [Africa] have the solutions” Audrey Yamadjako, senior principal climate officer at the AfDB and coordinator of this initiative, tells The Africa Report on the sidelines of COP27 in Sharm al-Sheikh.

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