The African Development Bank (AfDB) has started creating four green banks in Africa to mobilise up to $1.5 billion by 2030 towards green financing.

The move, through the African Green Bank Initiative, is due to a lack of climate finance made available at each successive Conference of the Parties (COP) meeting on climate crisis held by the UN.

For more information, please see https://www.theeastafrican.co.ke/tea/business/afdb-kicks-off-creation-of-four-green-banks-in-afric-4451866