he Kenya Bankers Association (KBA) partnered with FSD Kenya and the International Union for Conservation of Nature (IUCN) to undertake a study on the environmental risk exposure in the Kenyan banking sector.

Africa’s urbanization is increasing and remains largely informal, uncontrolled, and unsupported by the continent’s infrastructure. More people are moving to towns and cities, rapidly creating ‘informal’ settlements with limited access to urban services that people need.

Kenya’s commitment to addressing climate change through green finance has progressively emerged as a key topic underpinning policy development in promoting sustainable development and financial market development.

To reach the United Nations’ 17 Sustainable Development Goals (SDGs) by 2030, emerging economies require US $3.3 to $4.5 trillion per year in funding, but they face an estimated annual shortfall of US $2.5 trillion.

While the private sector across the world is on a journey towards greening their activities, COP26 marked a milestone so significant that it was termed the Business and Finance COP. In other words, COP26 made ‘climate action mainstream business’. But what challenges and opportunities does this newfound interest present for Africa?