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African Development Bank Group

Climate love

Tapping green growth a struggle for Africa,AFDB says

Despite a great potential to pursue climate and green growth objectives to accelerate economic growth, this has been slow in Africa, according to the the African Development Bank. The lender says African countries have the greatest potential for investments in green infrastructure and technology but still lags other regions. "Africa lags Latin America and the Caribbean, North America, East Asia and Pacific, and Europe," the lender says in its latest regional economic outlook titled 'Mobilising private sector financing for climate and green growth in Africa’It's report is based on green growth readiness assessment in Gabon, Kenya, Morocco, Mozambique, Rwanda, Senegal and Tunisia. It was conducted in conjunction with the Global Green Growth Institute (GGGI). The survey shows high political commitment to green growth in the aforementioned countries, mainly supported by climate and green growth policies and strategies.https://www.the-star.co.ke/business/2023-05-29-africa-behind-in-tapping-green-growth--afdb/

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  • Joseph Githinji

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    59 w

    I hope more climate funds will be channeled to Africa, and African leaders will use the funds responsibly to aid in going green.

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    • Kevin

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      59 w

      @joseph_githinji Yes lets hold our leaders accountable on climate funds

      2
    • Mc Kaka

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      59 w

      It won't take much to implement such ideas political goodwill is the mother of all impossibilities

      12
      • Munene Mugambi

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        59 w

        We need to get resources in tapping green energy

        11
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